New Era Cleaning Service Balance Sheet as of July 31, 2010 Assets Current Assets Cash Accounts Receivable Cleaning Supplies Pre-paid Insurance Total Current Assets Long Term Assets Truck-Equipment less: Accumulated Depreciation Total Long Term Assets Total Assets Liabilities Current Liabilities Accounts Payable Salaries Payable Total Current Liabilities Long Term Liabilities Bank Loan Total Long Term Liabilities Total Liabilities Owners' Equity Common Stock Retained Earnings Beginning Retained Earnings Net Income less: Dividends Ending Retained Earnings