Robert N. Gitachu
Balance Sheet
As of August 14, 2007
Assets Liabilities & Owners’ Equity
Current Assets Current Liabilities
Cash $ 2,000
Accounts Receivable 1,000 Accounts Payable $ 7,000
Inventory 8,800
Total $ 11.800
Fixed Assets Long-Term Debt $ 7,300
Tangible net fixed assets $ 10,000
Retained Earnings $ 7,500
Total Assets $ 21,800 Total Liabilities $ 21,800
