Balance sheet
What the business owns and owes, as at Oct 4, 2026
Assets
$180,377.61
Liabilities
$84,170.82
Equity
$96,206.79
Assets less liabilities
| Account | As at Oct 4, 2026 |
|---|---|
| Current assets | |
| 1000 · Cash in safes | $3,240.00 |
| 1010 · Operating account | $48,210.55 |
| 1020 · Tax reserve | $21,480.00 |
| 1030 · Payroll account | $16,902.40 |
| 1100 · Accounts receivable | $3,037.16 |
| 1200 · Inventory | $18,717.50 |
| 1300 · Prepaid insurance | $3,690.00 |
| Total current assets | $115,277.61 |
| Fixed assets | |
| 1500 · Equipment and fit-out | $86,500.00 |
| 1510 · Accumulated depreciation | −$21,400.00 |
| Total fixed assets | $65,100.00 |
| Total assets | $180,377.61 |
| Current liabilities | |
| 2000 · Accounts payable | $2,463.30 |
| 2100 · Sales tax payable | $16,900.32 |
| 2200 · Gift cards outstanding | $789.00 |
| 2210 · Store credit outstanding | $1,551.00 |
| 2300 · Wages payable | $24,217.20 |
| Total current liabilities | $45,920.82 |
| Long-term liabilities | |
| 2500 · Equipment loan | $38,250.00 |
| Total long-term liabilities | $38,250.00 |
| Equity | |
| 3000 · Owner's capital | $100,000.00 |
| 3100 · Retained earnings | $46,820.00 |
| 3200 · Owner's draws | −$529,348.74 |
| Profit this year | $478,735.53 |
| Total equity | $96,206.79 |
| Total liabilities and equity | $180,377.61 |
The balance sheet balances
Assets of $180,377.61 equal liabilities and equity of $180,377.61.