Forecasted Balance Sheet - Example for the Internet Company
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| THE INTERNET COMPANY FORECASTED BALANCE SHEET FOR YEARS ENDING DECEMBER 31... |
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| Beginning Jan. 1 200X |
Ending Dec. 31 200X |
Ending Dec. 31 200Y |
Ending Dec. 31 200Z |
|
| CURRENT ASSETS: | ||||
| Ending Cash Balance | $14,796 | $ 878 | $20,746 | $44,688 |
| Accounts Receivable | $ 0 | N/A | $20,266 | $22,120 |
| Allowance for Doubtful Account | $ 0 | N/A | ($5,520) | ($7,000) |
| Net Accounts Receivable | $ 0 | 0 | $14,746 | $15,120 |
| TOTAL CURRENT ASSETS | $14,796 | $ 878 | $35,492 | $59,808 |
| FIXED ASSETS: | ||||
| Office Equipment - (net) (4 yr life) | $4,000 | $4,000 | $18,850 | $18,850 |
| Less Accumulated Deprecation | $ 0 | $1,000 | $ 5,712 | $10,425 |
| Net Office Equipment (net) | $4,000 | $3,000 | $13,138 | $ 8,425 |
| TOTAL ASSETS | $18,796 | $3,878 | $48,629 | $68,233 |
| CURRENT LIABILITIES: | ||||
| Short-Term Investors | $ 0 | $5000 | $ 0 | $ 0 |
| Taxes Payable | N/A | N/A | $7,408 | $8,062 |
| TOTAL CURRENT LIABILITIES | $ 0 | $5,000 | $7,408 | $8,062 |
| Long Term Debt Outstanding | $ 0 | $ 0 | $15,000 | $15,000 |
| Principal Payment on Debt | $ 0 | $ 0 | ($2,659) | ($5,475) |
| Remaining Long-term Debt | $ 0 | $ 0 | $12,341 | $ 9,525 |
| TOTAL LIABILITIES | $0 | $5,000 | $19,749 | $17,587 |
| EQUITY | ||||
| Contributed Capital | $18,796 | $18,796 | $18,796 | $18,796 |
| Common Shares | $ 0 | $ 0 | $10,000 | $10,000 |
| Retained Earnings | $ 0 | $(19,918) | $ 84 | $21,850 |
| TOTAL EQUITY | $18,796 | $ ( 1,122) | $28,880 | $50,646 |
| TOTAL LIABILITIES & EQUITY | $18,796 | $ 3,878 | $48,629 | $68,233 |