Forecasted Balance Sheet example for SIS
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| FORECASTED BALANCE SHEET SCHOLARSHIP INFORMATION SERVICES AS OF DECEMBER 31, 200X and 200Y |
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| Beginning JULY 1, 200X |
Ending DEC 31, 200X |
Ending DEC 31, 200Y |
|
| CURRENT ASSETS: | |||
| Cash | $2,500 | $10,373 | $24,905 |
| Accounts Receivable | $ 0 | $ 0 | $ 0 |
| Ending Finished Inventory | $ 0 | $ 2,592 | $ 3,564 |
| Total Current Assets | $2,500 | $12,965 | $28,469 |
| FIXED ASSETS: | |||
| Automobile | $6,000 | $6,000 | $6,000 |
| Less: Accumulated Deprecation | $ 0 | $1000 | $3,000 |
| Estimated Worth - Auto | $6,000 | $5,000 | $3,000 |
| Office Equipment | $3,900 | $8,400 | $9,600 |
| Less: Accumulated Deprecation | $ 0 | $1,400 | $4,600 |
| Estimated Worth - Office Equipment | $3,900 | $7,000 | $5,000 |
| Total Fixed Assets | $9,900 | $12,000 | $8,000 |
| TOTAL ASSETS | $12,400 | $24,965 | $36,469 |
| Current Liabilities: | |||
| Accounts payable on purchases | $ 0 | $2,736 | $3,828 |
| Income Taxes Payable | $ 0 | $2,349 | $7,428 |
| Total Current Liabilities | $ 0 | $5,085 | $11,256 |
| Long Term Liabilities: | $ 0 | $ 0 | $ 0 |
| TOTAL LIABILITIES | $ 0 | $5,085 | $11,256 |
| EQUITY: | |||
| Capital - | $12,400 | $14,880 | $20,213 |
| Government Grant | $ 0 | $ 5,000 | $ 5,000 |
| Total Equity | $12,400 | $19,880 | $25,213 |
| TOTAL LIABILITIES & EQUITY | $12,400 | $24,965 | $36,469 |