Maya’s Place Balance Sheet
As of December 31, 2020
Assets:
Cash and Cash Equivalents: $20,000
Accounts Receivable: $15,000
Inventory: $25,000
Property, Plant, and Equipment:$50,000
Total Assets: $110,000
Liabilities:
Accounts Payable: $10,000
Short-Term Loans: $5,000
Long-Term Loans: $20,000
Total Liabilities: $35,000
Equity:
Common Stock: $25,000
Retained Earnings: $50,000
Total Equity: $75,000
Total Liabilities and Equity: $110,000
