User Guide

12–2 Simply Accounting
Amc12.doc, printed on 12/05/97, at 11:58 AM. Last saved on 06/05/97 3:24 PM.
Confidential ACCPAC International
National Construction
Balance Sheet
January 31, 1996
Assets
Current Assets
Cash in Hand $100
Cash in Bank 60,000
Interest Receivable 600
Accounts Receivable$ 38,000
Less:
Doubtful Accounts 2,000
Net Receivables 36,000
Maintenance Supplies 300
Prepaid Insurance 1,000
Total Current Assets 98,000
Fixed Assets
Land 70,000
Buildings 40,000
Less:
Accumulated Dep. 4,000
Buildings: Net 36,000
Trucks 32,000
Less:
Accumulated Dep. 8,000
Trucks: Net 24,000
Construction Equip. 20,000
Less:
Accumulated Dep. 5,000
Equipment: Net 15,000
Furniture 2,000
Total Fixed Assets 147,000
Total Assets $ 245,000
Liabilities
Current Liabilities
Interest Payable $1,000
Wages Payable 1,000
Accounts Payable 20,000
Operating Loan 10,000
Total Current Liabilities 32,000
Long-Term Liabilities
Mortgage 95,000
Bank Loan 40,000
Total Long-Term Liabilities 135,000
Total Liabilities 167,000
Equity
Jim Brown 48,000
Current Earnings 30,000
Total Equity 78,000
Total Liabilities & Equity $245,000