Malak mamdouh hanfy eid 23130308\mariam gergis issac wasilli 23130627\malak sayed

Mustafa zenhom 23130656\malak samy Mohamed emam 23130383\ibtehal abdelghni ahmed

hassan 23130620\ bassant Khaled gafary hassan 23130685\suha Mohamed abd elmaboud
hassan 23130616\sama Mohamed ali soliman23130588 \ nourhan osama yehya 23130398\jana
ehab fathi 23130626

Ending Balance Sheet

Enter your Company name here value
Balance Sheet
[Month] [Day], [Year] 31\12\2014 2014

Increase
Current Period Opening (Decrease)
[Start Date] to [End Date]
ASSETS
Current Assets:
$ $ $
Cash
499,000.00 100,000.00 399,000.00

- - -
Accounts Receivables
- - -
Inventory
- - -
Prepaid Expenses
- -
Employee Advances
- -
Temporary Investments
- - -

Total Current Assets 499,000.00 100,000.00 399,000.00

Fixed Assets:
Malak mamdouh hanfy eid 23130308\mariam gergis issac wasilli 23130627\malak sayed
Mustafa zenhom 23130656\malak samy Mohamed emam 23130383\ibtehal abdelghni ahmed
hassan 23130620\ bassant Khaled gafary hassan 23130685\suha Mohamed abd elmaboud
hassan 23130616\sama Mohamed ali soliman23130588 \ nourhan osama yehya 23130398\jana
ehab fathi 23130626
-
Buildings
85,000.00 70,000.00 15,000.00
Furniture
80,000.00 30,000.00 50,000.00
Computer Equipment
70,000.00 50,000.00 20,000.00
land
180,000.00 80,000.00 100,000.00
Less: Accumulated
Depreciation 86,000.00 - 86,000.00

Total Fixed Assets 501,000.00 230,000.00 271,000.00

Other Assets:
Trademarks
- 250,000.00 (250,000.00)
Patents
- - -
Security Deposits
100,000.00 (100,000.00)
Other Assets
- - -

Total Other Assets - 350,000.00 (350,000.00)

-
$ $ $
TOTAL ASSETS 1,000,000.00 680,000.00 320,000.00

LIABILITIES
Current Liabilities:
$ $ $
Accounts Payable 100,000.00 - 100,000.00

Business Credit Cards 100,000.00 - 100,000.00

Sales Tax Payable - - -

Payroll Liabilities 400,000.00 - 400,000.00

Other Liabilities - - -
Malak mamdouh hanfy eid 23130308\mariam gergis issac wasilli 23130627\malak sayed
Mustafa zenhom 23130656\malak samy Mohamed emam 23130383\ibtehal abdelghni ahmed
hassan 23130620\ bassant Khaled gafary hassan 23130685\suha Mohamed abd elmaboud
hassan 23130616\sama Mohamed ali soliman23130588 \ nourhan osama yehya 23130398\jana
ehab fathi 23130626
Current Portion of Long-Term
Debt - - -

Total Current Liabilities 600,000.00 - 600,000.00

Long-Term Liabilities:

Notes Payable - - -

Mortgage Payable 110,000.00 - 110,000.00

Less: Current portion of Long-
term debt - - -

Total Long-Term Liabilities 110,000.00 - 110,000.00

EQUITY
$
Capital Stock/Partner's Equity 485,000.00 680,000.00 (195,000.00)

Opening Retained Earnings - - -

Dividends Paid/Owner's Draw - - -

$
Net Income (Loss) (195,000.00) - (195,000.00)

Total Equity 290,000.00 680,000.00 (390,000.00)

$ $ $
TOTAL LIABILITIES & EQUITY 1,000,000.00 680,000.00 320,000.00

Balance Sheet Check

- -

Comment 1.
Total current assets (cash) in opening = 100,000$
Total current assets in current period =499,000$
So, the total current assets increased by 399,000$
Malak mamdouh hanfy eid 23130308\mariam gergis issac wasilli 23130627\malak sayed
Mustafa zenhom 23130656\malak samy Mohamed emam 23130383\ibtehal abdelghni ahmed
hassan 23130620\ bassant Khaled gafary hassan 23130685\suha Mohamed abd elmaboud
hassan 23130616\sama Mohamed ali soliman23130588 \ nourhan osama yehya 23130398\jana
ehab fathi 23130626
Comment 2.
Total fixed asset in opening= 230,000$
Total fixed asset in current period=501,000
So, the total fixed asset increased by 271,000 by purchases new building, furniture, ...
So, the total assets in opening=680,000$
Total assets in current period=1,000,000$
The total assets increased by 320,000$

Comment 3.
Total current liabilities in opening period=0$

Total current liabilities in current period=600,000$

So it increased by 600,000$

Comment 4.
Total Long _term liabilities in opening=0$

Total long _term liabilities in current period=110,000$

So, it increased by 110,000

Comment 5.
Total equity in opening=680,000$

Total equity in current period=290,000$

So, total equity decreased by 390,000$

Comment 6.
Total equity and liabilities in opening=680,000$

In current period=1,000,000$

So it increased by 320,000$

Comment 7.
The gross profit for the ended year = 60,000
Malak mamdouh hanfy eid 23130308\mariam gergis issac wasilli 23130627\malak sayed
Mustafa zenhom 23130656\malak samy Mohamed emam 23130383\ibtehal abdelghni ahmed
hassan 23130620\ bassant Khaled gafary hassan 23130685\suha Mohamed abd elmaboud
hassan 23130616\sama Mohamed ali soliman23130588 \ nourhan osama yehya 23130398\jana
ehab fathi 23130626
But it's total operating expenses=255,000
So it's net loss = (195,000)

Sales
$
Sales revenue 60,000.00

Lese Sales returns and allowances $ -

Sales discounts $ -
$
Net sales 60,000.00

Cost of goods sold $ -

$
Gross profit 60,000.00
$
Salaries and wages expense 74,000.00
Malak mamdouh hanfy eid 23130308\mariam gergis issac wasilli 23130627\malak sayed
Mustafa zenhom 23130656\malak samy Mohamed emam 23130383\ibtehal abdelghni ahmed
hassan 23130620\ bassant Khaled gafary hassan 23130685\suha Mohamed abd elmaboud
hassan 23130616\sama Mohamed ali soliman23130588 \ nourhan osama yehya 23130398\jana
ehab fathi 23130626

Utilities expense $ -
$
Advertising expenses 95,000.00
$
Depreciation expenses 86,000.00

Fright-out $ -

Insurance expenses $ -
$
Total operating expenses 255,000.00
$
Income from operation (195,000.00)

Net income