Intro to Franchising IG - International Franchise Association

THE IFA EDUCATIONAL FOUNDATION
SAMPLE BALANCE SHEET
ABC SLEEPWEAR
Balance Sheet
January, 2000
ASSETS
Current Assets
Cash $ 6,000
Accts. Receivable 4,900
Inventory 8,000
Prepaid Expenses 200
Total Current Assets $19,100
Fixed Assets
Machinery 8,500
Computer/Printer 1,000
Furniture 4,500
Total Fixed Assets $14,000
Total Assets $33,100
LIABILITIES AND EQUITY
Current Liabilities
Accounts Payable $6,500
Current Long-term Due 1,200
Accrued Expenses 1,800
Total Current Liabilities $9,500
Long-Term Liabilities – Note $12,500
Stockholders’ Equity $20,600
TOTAL LIABILITIES AND EQUITY $33,100
An Introduction To Franchising 27