MANAGER ACCOUNTANT

“PAPER TRAIL OFFICE SUPPLIES” S.A

Balance Sheet Initial

To the 31 of December, 2015

ASSETS

CURRENT ASSETS 23.980,00

Bank

Cash

12.000,00

8.000,00

Accounts receivable 2.000,00

Provision for uncollectible accounts - 20,00

Merchandise Inventory 2.000,00

NON-CURRENT ASSETS 48.800,00

Lands 10.000,00

Buildings 20.000,00

Computing Equipment 2.800,00

Office Formiture 1.000,00

Vehicle 22.000,00

Accumulated Depreciation - 7.000,00

TOTAL ASSETS ______72.780,00____

LIABILITIES

CURRENT LIABILITIES 14.100,00

Accounts Payable (Providers) 8.500,00

Payrolls Payable 1.000,00

IESS Payable 600,00

Commissions Payable 500,00

Income tax Payable 3.500,00

NOT CURRENT LIABILITIES 10.000,00

Bank Loan 10.000,00

TOTAL LIABILITIES 24.100,00

OWNER’S EQUITY

Capital 38.680,00

Legal Reserve 2000,00

Retained earnings 8000,00

TOTAL OWNER’ EQUITY 48.680,00

TOTAL LIABILITIES + OWNER’S

EQUITY 72.780,00

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