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Balancesheet 2

This balance sheet summarizes Bryan Reyes Math Revealed's assets and liabilities as of March 31, 2020. Total assets were $20,286.39, including $4,075.64 in bank accounts, $7,581.75 in accounts receivable, and $5,791 in fixed assets like computer equipment. Total liabilities were $4,616.77, consisting of current liabilities like accounts payable of $279.82 and long-term liabilities including a $2,000 note payable. Total equity was $15,669.62, made up of common stock, retained earnings, and net income.

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23 views

Balancesheet 2

This balance sheet summarizes Bryan Reyes Math Revealed's assets and liabilities as of March 31, 2020. Total assets were $20,286.39, including $4,075.64 in bank accounts, $7,581.75 in accounts receivable, and $5,791 in fixed assets like computer equipment. Total liabilities were $4,616.77, consisting of current liabilities like accounts payable of $279.82 and long-term liabilities including a $2,000 note payable. Total equity was $15,669.62, made up of common stock, retained earnings, and net income.

Uploaded by

api-698897167
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Bryan Reyes Math Revealed!

BALANCE SHEET
As of March 31, 2020

TOTAL
ASSETS
Current Assets
Bank Accounts
100 Checking 4,075.64
Total Bank Accounts $4,075.64
Accounts Receivable
120 Accounts Receivable 7,581.75
Total Accounts Receivable $7,581.75
Other Current Assets
125 Supplies On Hand 85.00
130 Inventory Asset 1,173.00
135 Prepaid Insurance 480.00
150 Undeposited funds 700.00
Total Other Current Assets $2,438.00
Total Current Assets $14,095.39
Fixed Assets
180 Computer & Office Equipment 4,731.00
185 Office Furniture 1,129.00
Original cost 480.00
Total 185 Office Furniture 1,609.00
189 Accumulated Depreciation -549.00
Total Fixed Assets $5,791.00
Other Assets
195 Security Deposit 400.00
Total Other Assets $400.00
TOTAL ASSETS $20,286.39

LIABILITIES AND EQUITY


Liabilities
Current Liabilities
Accounts Payable
200 Accounts Payable 279.82
Total Accounts Payable $279.82
Credit Cards
220 Prime Visa Payable 2,336.95
Total Credit Cards $2,336.95
Total Current Liabilities $2,616.77
Long-Term Liabilities
280 Note Payable 2,000.00
Total Long-Term Liabilities $2,000.00
Total Liabilities $4,616.77
Equity

Accrual Basis Monday, September 30, 2019 04:03 PM GMT-7 1/2


TOTAL
300 Common Stock 500.00
345 Dividend -4,000.00
350 350 Retained Earnings 5,055.00
Opening Balance Equity 25.00
Retained Earnings 3,198.91
Net Income 10,890.71
Total Equity $15,669.62
TOTAL LIABILITIES AND EQUITY $20,286.39

Accrual Basis Monday, September 30, 2019 04:03 PM GMT-7 2/2

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