XYZ Company, INC.
Balance Sheet
For Year Ending December 31, 20XX
ASSETS
Current Assets
Cash
10,525
Accounts Receivable
27,000
Inventory
30,000
Prepaid Expenses
2,000
Total Current Assets
69,525
Fixed Assets
Propertynet of depreciation
215,000
Equipmentnet of depreciation
80,000
Vehiclesnet of depreciation
5,000
Total Fixed Assets
300,000
Total Assets
369,525
LIABILITIES
Current Liabilities
Revolving lines of credit
20,000
Accounts Payable
5,000
Current Portion of Long-term Debt
15,000
Total Current Liabilities
40,000
Long-term Liabilities
Long-term debt and capital leases
45,500
Loans payable to stockholders
60,500
Total Long-term Liabilities
106,000
Total Liabilities
146,000
Stockholders Equity
Common stock
1,000
Additional Paid-in Capital
25,000
Retained Earnings (Cum from prior years)
53,190
Retained Earnings (From current P&L)
144,335
Total Stockholders Equity
223,525
Total Liabilities and Stockholders Equity
369,525