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Greasy Spoon Restaurant Balance Sheet ASSETS 2 0 2 1 2 0 2 0 Cash $ 1 2 , 0 0 0 $ 3 1

Greasy Spoon Restaurant
Balance Sheet
ASSETS
20212020
Cash $12,000 $31,000
Marketable Securities 66,00082,000
Accts. Rec. 152,000104,000
Inventories 191,000145,000
Total Current Assets $421.000 $362,000
Gross Fixed Assets $195,000 $180,000
Less: Accumulated Depreciation 63,00052,000
Net Fixed Assets $132,000 $128,000
Total Assets $553,000 $490,000
Liabilities and Equity
A/P $136,000 $126,000
Notes Payable 200,000190,000
Accruals 27,00025,000
Total Current Liabilities $363,000 $341,000
Long Term debt 38,00040,000
Total Liabilities $401,000 $381,000
Equity
Common Stock (100,000 shares $.20 par) $ 20,000 $ 20,000
Paid in capital in excess of par 30,00030,000
Retained earnings 102,00059,000
Total Equity $152,000 $109,000
Total Liabilities and Equity $553,000 $490,000

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