Consider the following Balance Sheet for Anacoluthon, Inc. (following slide):
Anacoluthon, Inc.
Balance Sheet (in $)
As of:
Aug 31, 2023 Sep 30, 2023
ASSETS
Current Assets
$ 12,500.00 $
Cash and Equivalents
$ 4,000.00
Accounts Receivables
$ 3,000.00
Inventory
$ 5,500.00
Non-Current Assets
$ 16,000.00 $
Property, Plant & Eq.
$ 20,000.00
Depreciation Accum.
$ (4,000.00)
Total Assets
$ 28,500.00 $
LIABILITIES AND EQUITY
Current Liabilities
$ 11,500.00 $
Accounts Payable
$ 6,000.00
Accrued Liabilities
$ 2,900.00
Taxes Payable
$ 600.00
Sales Tax Payable
$ 1,500.00
Notes Payable
$ 500.00
Non-Current Liabilities
$ 4,500.00 $
Notes Payable
$ 4,500.00
Equity
$ 12,500.00 $
Capital Contribution
$ 2,500.00
Retained Earnings
$ 10,000.00
Liabilites + Equity
$ 28,500.00 $