Register

Balance sheet

What the business owns and owes, as at Oct 4, 2026

Assets
$180,377.61
Liabilities
$83,344.02
Equity
$97,033.59
Assets less liabilities

Assets

Corner Store LLC · 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

Liabilities and equity

Corner Store LLC · as at Oct 4, 2026

Current liabilities

2000 · Accounts payable
$1,636.50
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
$45,094.02

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
−$528,521.94
Profit this year
$478,735.53
Total equity
$97,033.59
Total liabilities and equity$180,377.61
The balance sheet balances

Assets of $180,377.61 equal liabilities and equity of $180,377.61.