2020 Balance Sheet

Balance Sheet 2020

Assets        
  Current Assets      
  Checking/Savings      
  JP Morgan 82,247.44    
  Bank of America - Checking 55,114.72    
  Paypal 334.07    
  Venmo 315.00    
  ********************** ******** **********  
  Checking/Savings Total 138,011.23  
  ********************** ******** **********  
  Other Current Assets      
  Inventory 17,487.48    
  Deposits 700.00    
  Cash on Hand 220.00    
  Money Owed 23.98    
  FB Donations - Pending 20.00    
  ********************** ******** **********  
  Total Other Current Assets Total $18,451.46  
  ********************** ******** **********  
  Total Current Assets $156,462.69
  ********************** ******** **********  
  Other Assets      
  Computers 4,542.30    
  Equipment - Other 726.48    
  Furniture & Fixtures 552.21    
  Automobile 171.50    
  ********************** ******** **********  
  Other Assets Total 5,992.49  
  ********************** ******** **********  
  Grand Total Assets $162,455.18
  ********************** ******** ********** **********
Liabilities and Equity        
  Liabilities      
  Current Liabilities      
  Credit Cards      
  Chase Credit Card 148.59    
  Credit Card Total 148.59  
  ********************** ******** **********  
  Other Current Liabilities      
  Predicted Liability/LA Conf. 41,458.15    
  Teachers/Other (liability) 1,180.50    
  CA Sales Tax 81.25    
  ********************** ******** **********  
  Other Current Liabilities Total $42,719.90  
  ********************** ******** **********  
  Grand Total Liabilities $42,868.49
********** ********************** ******** ********** **********
Equity        
  Change Inventory Value 5,559.98    
  Opening Balance Equity 40,777.20    
  Retained Earnings 59,954.75    
  Net Income 13,294.76    
  ********************** ******** **********  
    Equity Total  $119,586.69
********** ********************** ******** ********** **********
Net Worth       $162,455.18

 

Change in Equity 2020
*************** ***************
End 2020 $119,586.69
Start 2020 $105,266.53
*************** ***************
Increase in Equity $14,320.16