Horizontal Balance Sheet
2
ABACA Trading Balance Sheet December 31 2002 2001 ASSETS Current Assets: Cash Accounts Receivable Less: Allowance for Doubtful Accounts Notes Receivable Merchandise Inventory Supplies Inventory Prepaid Expenses Total Current Assets Non-Current Assets: Land Building Less: Accumulated Depreciation Furniture and Equipment Less: Accumulated Depreciation Total Non-Current Assets Total Assets LIABILITIES AND PARTNER'S EQUITY Current Liabilities: Accounts Payable Notes Payable Accrued Expenses Total Current Liabilities Non-Current Liabilities: Notes Payable, due 2005 Bank Loan, due 2004 Total Non-Current Liabilities Total Liabilities Partner's Equity: Abalos, Capital Banez, Capital Camus, Capital Total Partner's Equity Total Liabilities and Partner's Equity
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Financial Statement Analysis
Transcript of Horizontal Balance Sheet
Sheet1ABACA TradingBalance SheetDecember 31
20022001Increase/Decrease%ASSETSCurrent Assets:CashAccounts ReceivableLess: Allowance for Doubtful AccountsNotes ReceivableMerchandise InventorySupplies InventoryPrepaid ExpensesTotal Current Assets
Non-Current Assets:LandBuildingLess: Accumulated DepreciationFurniture and EquipmentLess: Accumulated DepreciationTotal Non-Current AssetsTotal Assets
LIABILITIES AND PARTNER'S EQUITYCurrent Liabilities:Accounts PayableNotes PayableAccrued ExpensesTotal Current Liabilities
Non-Current Liabilities:Notes Payable, due 2005Bank Loan, due 2004Total Non-Current LiabilitiesTotal Liabilities
Partner's Equity:Abalos, CapitalBanez, CapitalCamus, CapitalTotal Partner's EquityTotal Liabilities and Partner's Equity
Sheet2
Sheet3
