Balance Sheet

Company Name
Year 2018
Balance Summary Year 1
Total Assets 4279522
Total Liabilities and Owner's Equity 4279522
Balance 0

Assets

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Liabilities and Owner's Equity Year 2018

0 500000 1000000 1500000 2000000

 Liabilities and Owner's Equity Year 2018

0 500000 1000000 1500000 2000000

Creditors and accrued expenses

Deffered Income

Mortgage payable

Common Stock

Retained Earnings
e
Year 2019
Year 2
4385050
4385050
0

Assets
3000000
2500000
2000000
1500000
1000000
500000
0
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quity Year 2018 Year 2019

500000 1000000 1500000 2000000 2500000

quity Year 2018 Year 2019

500000 1000000 1500000 2000000 2500000

Assets
Year 2018
Current Assets Year 1
Cash in Bank and in hand 100000
Investments 1500
Debtors and Pre-paid expenses 12300
Accounts Receivable - Tuition 21122

Total Current Assets 134922

Fixed Assets Year 1

Land and Buildings 2500000
Furniture, Fittings and Equipment 450000
Computer Equipment 1125000
Leasehold improvement 54500

Total Fixed Assets 4129500

Other Assets Year 1

Security Deposits 15100
Total Other Assets 15100
Year 2019
Year 2
170000
2550
95000
19000

286550

Year 2
2000000
350000
1600000
129500

4079500

Year 2
19000
19000
Liabilities and Owner's Equity
Year 2018
Current Liabilities Year 1
Creditors and accrued expenses 1800000
Deffered Income 56000

Total Current Liabilities 1856000

Long-Term Liabilities Year 1

Mortgage payable 320000
Total Long-Term Liabilities 320000

Stockholders Equity Year 1

Common Stock 2000000
Retained Earnings 103522
Total Owner's Equity 2103522
d Owner's Equity
Year 2019
Year 2
1200000
349000

1549000

Year 2
600650
600650

Year 2
1799000
436400
2235400