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ABC, Inc. Balance Sheet December 31, 2024 and 2023 Increase (Decrease) 2024 2023 Amount Percentage Assets Current Assets: Cash and Cash Equivalents 29,000 32,000 Accounts
ABC, Inc. | ||||
Balance Sheet | ||||
December 31, 2024 and 2023 | ||||
Increase (Decrease) | ||||
2024 | 2023 | Amount | Percentage | |
Assets | ||||
Current Assets: | ||||
Cash and Cash Equivalents | 29,000 | 32,000 | ||
Accounts Receivable, Net | 114,000 | 85,000 | ||
Merchandise Inventory | 113,000 | 111,000 | ||
Prepaid Expenses | 6,000 | 8,000 | ||
Total Current Assets | 262,000 | 236,000 | ||
Property, Plant, and Equipment (PPE), Net | 507,000 | 399,000 | ||
Long-Term Investment | 18,000 | 9,000 | ||
Total Assets | 787,000 | 644,000 | ||
Liabilities | ||||
Current Liabilities: | ||||
Accounts Payable | 73,000 | 68,000 | ||
Accrued Liabilities | 27,000 | 31,000 | ||
Notes Payable-Current | 42,000 | 27,000 | ||
Total Current Liabilities | 142,000 | 126,000 | ||
Long-Term Notes Payable | 289,000 | 198,000 | ||
Total Liabilities | 431,000 | 324,000 | ||
Shareholders' Equity | ||||
Common Stock, no par | 186,000 | 186,000 | ||
Retained Earnings | 170,000 | 134,000 | ||
Total Shareholders' Equity | 356,000 | 320,000 | ||
Total Liabilities and Shareholder's Equity | 787,000 | 644,000 |
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