Balance Sheet
Weismuller Publishing Company
December 31, 2024
Assets
Cash $77,000
Accounts Receivable $172,000
Inventory $291,000
Prepaid Expenses $160,000
Equipment $332,000
Less: Accumulated Depreciation ($116,000)
Investments $152,000
Total Assets $1,078,000
Liabilities
Accounts Payable $66,000
Interest Payable $26,000
Deferred Revenue $86,000
Income Taxes Payable $36,000
Notes Payable
- $46,000 due in 6 months
- $106,000 due in 6 years
- $78,000 due in 3 annual installments of $26,000 each
Total Liabilities $362,000
Stockholders' Equity
Common Stock $406,000
Retained Earnings $196,000
Total Stockholders' Equity $602,000
Total Liabilities and Stockholders' Equity $1,184,000