Business Name:

Date:

ASSETS

LIABILITIES

Current Assets

Current liabilities

Cash

$

Accounts payable

$

Petty cash

$

Notes payable

$

Accounts receivable

$

Interest payable

$

Inventory

$

Short-term investments

$

Taxes payable

Prepaid expenses

$

Central government income tax

$

Self-employment tax

$

Long-term investments

$

State income tax

$

Sales tax accrual

$

Fixed assets

Property tax

$

Land (valued at cost)

$

Payroll accrual

$

Buildings

$

1. Cost

$

Long-term liabilities

2. Less acc. depreciation

$

Notes payable

$

Improvements

TOTAL LIABILITIES

$

1. Cost

$

2. Less acc. depreciation

$

NET WORTH (EQUITY)

Equipment

$

1. Cost

$

2. Less acc. depreciation

$

Proprietorship

$

or

Furniture

$

Partnership

1. Cost

$

(name) ,    % equity

$

2. Less acc. depreciation

$

(name) ,     % equity

$

Autos/vehicles

$

or

1. Cost

$

Corporation

2. Less acc. depreciation

$

Capital stock

$

Surplus paid in

$

Other assets

$

Retained earnings

$

1.

$

2.

TOTAL NET WORTH

$

TOTAL ASSETS

$

Assets - Liabilities = Net Worth

and

Liabilities + Equity = Total Assets