Balance Sheet report


Balance Sheet As of December 2010

Assets
	Cash Accounts
		Cheque Account	$13,719.83
		Petty Cash	$100.00
	Total Cash Accounts		$13,819.83
	Inventory
		Raw Materials	$3,400.00
		Finished Goods	$75,141.50
	Total Inventory		$78,541.50
	Accounts Receivable		$37,264.78
	Deposits Paid Suppliers			$100.00
	Office Equipment
		Office Equip., Original Cost	$12,000.00
		Office Equip., Amortisation	($4,125.00)
	Total Office Equipment			$7,875.00
	Vehicles, Original Cost		$32,000.00
	Vehicles, Amortisation		($17,000.00)
	Total Vehicles			$15,000.00
	Other Assets			$500.00
Total Assets					$153,101.11

Liabilities
	Credit Cards
		American Express	$3,200.00
		Visa	$1,000.00
	Total Credit Cards			$4,200.00
	Accounts Payable			$10,627.02
	Bank Indebtedness			$100,000.00
	GST Liabilities
		GST 1 Collected	$2,414.58
		GST 2 Collected	$2,348.68
	Total GST Liabilities			$4,763.26
	Payroll Liabilities
		Payroll Liabilities	$13,919.25
		Payroll Tax Payable	$105.00
		Holiday Payable	$1,267.50
	Total Payroll Liabilities			$15,291.75
	Deposits from Customers			$500.00
Total Liabilities					$135,382.03

Equity
	Paid in Capital			$110,000.00
	Retained Earnings			($88,510.92)
	Current Year Earnings			($3,770.00)
Total Equity					$17,719.08

Total Liability & Equity					$153,101.11