Balance Sheet

Balance Sheet for Atomic Ballroom Dance Studio
As of December 31st, 2020
2020
Assets
Current Assets
Cash and Cash Equivalents
$30,000
Accounts Receivable
$22,000
Inventory
$7,000
Prepaid Expenses
$3,000
Total Current Assets
$62,000
Non-Current Assets
Property, Plant and Equipment
$60,000
Less: Accumulated Depreciation
($14,000)
Net Property, Plant and Equipment
$46,000
Intangible Assets
$15,000
Total Non-Current Assets
$61,000
Total Assets
$123,000
Liabilities
Current Liabilities
Accounts Payable
$15,000
Accrued Expenses
$7,000
Short-Term Loans
$5,000
Total Current Liabilities
$27,000
Non-Current Liabilities
Long-Term Loans
$10,000
Total Non-Current Liabilities
$10,000
Total Liabilities
$37,000
Shareholders’ Equity
Common Stock
$10,000
Retained Earnings
$118,000
Total Shareholders’ Equity
$128,000
Total Liabilities and Shareholders’ Equity
$123,000