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Balance General

The document presents a pro forma balance sheet for a company over three years, detailing current and fixed assets, liabilities, and equity. Total assets remain consistent at $114,000 in Year 1 and Year 3, while total liabilities are stable at $46,800 across all years. Additionally, it promotes FreshBooks as an efficient accounting solution for businesses.

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2 views

Balance General

The document presents a pro forma balance sheet for a company over three years, detailing current and fixed assets, liabilities, and equity. Total assets remain consistent at $114,000 in Year 1 and Year 3, while total liabilities are stable at $46,800 across all years. Additionally, it promotes FreshBooks as an efficient accounting solution for businesses.

Uploaded by

221959562
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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[Company Name] Balance Sheet

Address: 123 Street Avenue, Cityville, State, 12333


Date Created: Date Issued:
11 Jan, 2025 11 Jan, 2025

Pro Forma Balance Sheet


Assets Year 1 Year 2 Year 3
Current Assets
Cash $78,000.00 $36,000.00 $78,000.00
Accounts Receivable $36,000.00 $45,000.00 $36,000.00
Other Current Assets $0.00 $0.00 $0.00
Total Current Assets $114,000.00 $81,000.00 $114,000.00

Fixed Assets
Property, Plant, and Equipment $36,000.00 $36,000.00 $36,000.00
Accumulated Depreciation $36,000.00 $36,000.00 $36,000.00
Total Fixed Assets $0.00 $0.00 $0.00
Total Assets $114,000.00 $81,000.00 $114,000.00

Liabilities and Equity Year 1 Year 2 Year 3


Current Liabilities
Accounts Payable $1,800.00 $1,800.00 $1,800.00
Credit Cards $1,800.00 $1,800.00 $1,800.00
Customer Credit $1,800.00 $1,800.00 $1,800.00
Taxes Payable $1,800.00 $1,800.00 $1,800.00
Unearned Revenue $1,800.00 $1,800.00 $1,800.00
Other Current Liabilities $1,800.00 $1,800.00 $1,800.00
Total Current Liabilities $10,800.00 $10,800.00 $10,800.00

Long Term Liabilities


Long Term Liabilities $36,000.00 $36,000.00 $36,000.00
Total Long Term Liabilities $36,000.00 $36,000.00 $36,000.00
Total Liabilities $46,800.00 $46,800.00 $46,800.00

Equity
Net Profit (Loss) $36,000.00 $36,000.00 $36,000.00
Retained Earnings - Opening Balance $36,000.00 $36,000.00 $36,000.00
Owner's Deposits (Withdrawals) $36,000.00 $36,000.00 $36,000.00
Total Equity $108,000.00 $108,000.00 $108,000.00
Total Liabilities and Equity $154,800.00 $154,800.00 $154,800.00
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