Question
For your balance sheet, you want to calculate the asset side (left hand side) and then total liabilities from the right-hand side. Then place in
For your balance sheet, you want to calculate the asset side (left hand side) and then total liabilities from the right-hand side. Then place in the owners equity number that balances both sides. So, place in the owners equity number last after you have calculated the assets on the left-hand side and total liabilities on the right-hand side. The top left-hand side will include all Current Assets. Below that will include Net Fixed assets. Then total them up to come up with Total Assets. The top right-hand side will include all Current Liabilities. Below that will include all debt and equity. Then total up all the liabilities and plug in the equity amount to obtain the Total Liabilities and Equity.
Cash | 30,629 | |
Depreciation | 56,876 | |
Interest expense | 13,130 | |
Selling & Administrative Expenses | 43,130 | |
Accounts Payable | 52,910 | |
Net Fixed Assets | 262,617 | |
Sales | 403,456 | |
Accounts Receivable | 21,524 | |
Notes Payable | 24,308 | |
Long-term Debt | 129,342 | |
Inventory | 45,785 | |
Tax Rate | 35% | |
Dividend Payout % | 50% |
Balance Sheet | |||||
2016 | |||||
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