jconda
Feb 7, 2014, 04:51 AM
Hi everyone,
I hope you will be able to help me. I am currently writing financial projections for my business plan (mobile application) and I am stuck on the balance sheet, I just can't balance it out. All the information is presented below and in the attachment. I would be really grateful if you could help me out. Thank you for your effort in advance.
Projected Balance Sheet
Assets
$
$
Liabilities & Stakeholders' Equity
$
$
Current Assets
Current Liabilities
Cash in Bank
1,439,250
Accounts Payable
-
Accounts Receivable
-
Accrued Expenses
100,800
Inventory
-
Taxes Payable
182,892
Prepaid Expenses
-
Total Current Liabilities
283,692
Other assets
-
Total Current Assets
1,439,250
Fixed Assets
Long-term Liabilities
Machinery & Equipment
3,000
Notes Payable
-
Furniture & Fixture
-
Capital Lease Obligations
-
Leasehold Improvements
-
Debentures
-
Land & Buildings
-
Mortgage Loans
-
Other fixed assets
-
Other Bank Loans
-
Less Accumulated Depreciation
- 540
Total Liabilities
283,692
Total Fixed Assets
2,460
Other Assets
Stakeholders' Equity
Intangibles
-
Paid in Capital
20,000
Deposits
-
Capital Stock
200,000
Goodwill
-
Retained Earnings
1,036,358
Other
-
Total Stakeholders' Equity
1,256,358
Total Other Assets
-
Total Assets
1,441,710
Total Liabilities & Stockholders' Equity
1,540,050
I hope you will be able to help me. I am currently writing financial projections for my business plan (mobile application) and I am stuck on the balance sheet, I just can't balance it out. All the information is presented below and in the attachment. I would be really grateful if you could help me out. Thank you for your effort in advance.
Projected Balance Sheet
Assets
$
$
Liabilities & Stakeholders' Equity
$
$
Current Assets
Current Liabilities
Cash in Bank
1,439,250
Accounts Payable
-
Accounts Receivable
-
Accrued Expenses
100,800
Inventory
-
Taxes Payable
182,892
Prepaid Expenses
-
Total Current Liabilities
283,692
Other assets
-
Total Current Assets
1,439,250
Fixed Assets
Long-term Liabilities
Machinery & Equipment
3,000
Notes Payable
-
Furniture & Fixture
-
Capital Lease Obligations
-
Leasehold Improvements
-
Debentures
-
Land & Buildings
-
Mortgage Loans
-
Other fixed assets
-
Other Bank Loans
-
Less Accumulated Depreciation
- 540
Total Liabilities
283,692
Total Fixed Assets
2,460
Other Assets
Stakeholders' Equity
Intangibles
-
Paid in Capital
20,000
Deposits
-
Capital Stock
200,000
Goodwill
-
Retained Earnings
1,036,358
Other
-
Total Stakeholders' Equity
1,256,358
Total Other Assets
-
Total Assets
1,441,710
Total Liabilities & Stockholders' Equity
1,540,050