Telebiz Company Ltd

Balance Sheet
December 31, 2012
Assets
Current Assets:
Cash 150000
Accounts Receivables 125000
Marketable Securities 100000
Merchandise Inventory 200000
Total Current Assets 575000
Fixed Assets
Delivery Van 375000
Less Accumulated Depreciation 50000 325000

Office Equipment 450000

Less Accumulated Depreciation 65000 385000

Building 400000
Less Accumulated Depreciation 40000 360000
Land 500000
Total Fixed Assets 1570000

Total Assets 2145000

mpany Ltd
Sheet
31, 2012
Liabilities & Owner's Equity
Current Liabilities
Notes payable 100000
Accounts Payable 150000
Unearned Revenue 100000

Total Current Liabilities 350000

Long Term Liabilities
Bank Loan 300000

8% Bonds Payable 500000

Total Long term Liabilities 800000

Owner's Equity:
Share Capital 1000000
Retained Earning 150000
Total L + OE 2300000
 Telebiz Company Ltd
Balance Sheet
December 31, 2012
Assets
Current Assets:
Cash 150,000
Accounts Receivables 125,000
Marketable Securities 100,000
Merchandise Inventory 200,000
Total Current Assets 575,000

Fixed Assets
Delivery Van 375,000
Less Accumulated Depreciation 50,000 325,000

Office Equipment 450,000

Less Accumulated Depreciation 65,000 385,000

Building 400,000
Less Accumulated Depreciation 40,000 360,000
Land 500,000
Total Fixed Assets 1,570,000
Total Assets 2,145,000
 biz Company Ltd
Balance Sheet
cember 31, 2012
Liabilities & Owner's Equity
Current Liabilities
Notes payable 100,000
Accounts Payable 110,000
Unearned Revenue 100,000

Total Current Liabilities 310,000

Long Term Liabilities

Bank Loan 300,000
8% Bonds Payable 400,000

Total Long term Liabilities 700,000

Owner's Equity:
Share Capital 1,000,000
Retained Earning 135,000
Total Owner's Equity 1,135,000
Total Liabilities & Owner's Equity 2,145,000