Step-by-Step Instructions: Assets Figure 3: E xample of a complete Assets section of a balance sheet ASSETS Current Assets
Cash in Bank . . . . . . . . . . $2,000 Inventory . . . . . . . . . . . . . . . . – Prepaid Expenses . . . . . . . . . . . – Other . . . . . . . . . . . . . . . . . . . – Total Current Assets . . . . . $2,000 Fixed Assets Machinery & Equipment . . . . . . – Furniture & Fixtures . . . . . $2,000 Leasehold Improvements . . . . . . – Real Estate / Buildings . . . . . . . . – Other . . . . . . . . . . . . . . . . . . . – Total Fixed Assets . . . . . . . $2,000 Other Assets Specify . . . . . . . . . . . . . . . . . . – Specify . . . . . . . . . . . . . . . . . . – Total Other Assets . . . . . . . . . . . – Total Assets . . . . . . . . . . . $4,000
On your balance sheet complete the following steps. 1) List your current assets and their values. Add them together and get a total of your current assets. 2) List your fixed assets and their values. A dd them together and get a total of your fixed assets. 3) Add the total of your current assets to the total of your fixed assets.
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