NAME: SOCIAL SECURITY NO:
ADDRESS: BUSINESS PHONE:
CITY, STATE, ZIP HOME PHONE:
SPOUSE NAME: SOCIAL SECURITY NO:
ASSETS IN DOLLARS LIABILITIES: IN DOLLARS
CASH IN THIS BANK: CHECKING LOANS PAYABLE THIS BANK:
ACCOUNTS PAYABLE OTHER FIRMS &
INDIVIDUALS: (SCHEDULE 6)
NOTES OR MORTGAGES RECEIVABLE:
(SCHEDULE 3)
OTHER REAL ESTATE INDEBTEDNESS
(SCHEDULE 5):
LIFE INSURANCE LOANS:
(SCHEDULE 4)
LOANS PAYABLE OTHER FINANCIAL
INSTITUTIONS: (SCHEDULE 6)
TOTAL ASSETS:
TOTAL ASSETS – TOTAL LIABILITIES = NET
WORTH
ANNUAL INCOME: ANNUAL FIXED EXPENSES:
GROSS SALARY: REAL ESTATE PAYMENTS: (SCHEDULE 3)
SPOUSE’S GROSS SALARY: RENT
BONUSES & COMMISSIONS: INCOME TAXES:
INCOME FROM SECURITIES: (SCHEDULE 1) PROPERTY TAXES:
Table 3 -1, Financial Statement, Personal Form
FINANCIAL STATEMENT Personal Form
FIRST ANY KIND OF BANK:
OFFICE:
INCOME
Salaries 60,000$
FIXED EXPENSES
Mortgage Payment 9,600$
Automobile Payment 5,040
VARIABLE EXPENSES
Food 5,485$
Transportation 2,500
Utilities 1,800
Personal Income Statement
Gross Sales 350,642$
Less: Returns and Allowances 2,366
Operating Expenses:
Salaries Expense 95,000$
Rent Expense 24,000
Property Taxes Expense 2,500
Depreciation Expense 6,000
The Tom Jones Company
Table 3-3 Income Statement for a Sole Proprietorship, Partnership, Limited
Income Statement
January 1, 2013, through December 31, 2013
Liability Company, or Subchapter S Corporation
Net Income before Income Taxes* 64,000$
Less: Provision for Income Taxes 11,000
Table 3-3a Income Statement, Corporation
The Tom Jones Company
Income Statement
January 1, 2013, through December 31, 2013
Assets
Cash and Cash Equivalents
Cash and Checking Account 1,900$
Savings Account 4,000
Total Assets 456,400$
Liabilities and Net Worth
Liabilities
Homeowners Insurance Payable 975
Total Liabilities and Net Worth 456,400$
Table 3-4 Statement of Financial Position (Balance Sheet)
The Tom Jones Family
Statement of Financial Position
As of December 31, 2013
Current Assets
Checking Account 2,000$
Certificates of Deposit 50,000
Accounts Receivable 40,000
Current Liabilities
Accounts Payable–Trade 16,500$
Notes Payable–Bank 5,000
Taxes Payable 3,000
Total Current Liabilities 24,500$
Assets
Table 3-5 Balance Sheet (Statement of Financial Position), Sole Proprietorship
The Tom Jones Company
Balance Sheet
As of December 31, 2013
Partners’ Equity
Tom Jones 18,650$
Larry Smith 83,925
Table 3-6 Balance Sheet, Partnership
Tom Jones and Partners
Current Assets
Checking Account 2,000$
Certificates of Deposit 50,000
Accounts Receivable 40,000
Inventory 35,000
Total Current Assets 127,000$
Fixed Assets
Buildings 250,000$
Less: Accumulated Depreciation 50,000 200,000
Equipment 50,000$
Less: Accumulated Depreciation 6,000 44,000
Total Fixed Assets 294,000$
Current Liabilities
Accounts Payable–Trade 16,500$
Notes Payable–Bank 5,000
Taxes Payable 14,000
Total Current Liabilities 35,500$
Long-Term Liabilities
Building Mortgage Payable 180,000$
Total Long-Term Liabilities 210,000$
Total Liabilities 245,500$
Stockholders’ Equity
Preferred Stock, $5 par (10,000 Shares) 50,000$
Common Stock, $0.10 par (100,000 Shares) 10,000
Paid-in Capital in Excess of Par–Common 50,000
Total Paid-in Capital 110,000$
Retained Earnings 65,500
Total Stockholders’ Equity 175,500$
Assets
Liabilities and Stockholder’s Equity
Table 3-7 Balance Sheet (Statement of Financial Position), Corporation
The Tom Jones Corporation
Balance Sheet
As of December 31, 2013
Current Assets
Total Current Assets 44,000$
Fixes Assets
Total Fixed Assets 150,000$
Total Assets 194,000$
Current Liabilities
Total Current Liabilities 11,500$
Long-Term Liabilities
Total Long-Term Liabilities 170,000$
Owner’s Equity 12,500$ 12,500
Assets
Liabilities and Owner’s Equity
Table 3-7a Balance Sheet (Statement of Financial Position), Corporation
The Tom Jones Company
Balance Sheet
As of December 31, 2012
Cash flows from operating activities
Net Income 53,000$
Adjustments to reconcile net income to net cash
provided by operating activies
Depreciation Expense 6,000
Cash flows from investing activities:
Acquisition of plant assets (150,000)
Net cash outflow from investing activities (150,000)
Increase (Decrease) in Cash and Cash Equivalents
(Amounts in thousands)
Table 3-8 Statement of Cash Flows
The Tom Jones Corporation
Statement of Cash Flows
For the Year Ended December 31, 2013
4200 · Services
4210 · Domain Registrations 2,580.00$
5110 · Computer Accessories 560.36
5120 · Postage and Delivery 78.15
5130 · PDA Accessories 108.70
5260 · Utilities
5640 · Professional Fees
5642 · Accounting 954.00
5643 · Cleaning Services 1,528.00
Total 5640 · Professional Fees 2,482.00
5700 · Software
DPSystems Income Statement
January 1 through December 31, 2007,
Cash Basis
Ordinary Income/Expense Income
6130 · Cash Discounts 3.00
6180 · Insurance 256.00
6260 · Printing and Reproduction 13.01
6300 · Repairs
6340 · Automobile Repairs 553.98
Net Other Income 19.69
Net Income 29,031.39$
TABLE 3–10 DPSystems Balance Sheet
December 31, 2007
ASSETS
Current Assets
Checking/Savings
1030 · Money Market 7,242.93$
1031 · Checking 4,695.29
1033 · Barter 1,416.99
Total Checking/Savings 13,355.21
Accounts Receivable
1035 · Accounts Receivable (50.00)
Total Accounts Receivable (50.00)
Other Current Assets
1040 · Undeposited Funds 410.00
Total 1500 · Computers 4,241.48
1570 · PDA 810.00
1590 · Misc Assets
3,902.62
Total Fixed Assets 4,039.94
Other Assets
1705 · Accumulated Amortization
2350 · Payroll Withholdings
2354 · State W/H Payable 600.00
Total 2350 · Payroll Withholdings
600.00
Total Other Current Liabilities 600.00
DPSystems Balance Sheet
As of December 31, 2007,
Cash Basis
TOTAL LIABILITIES & EQUITY 18,065.15$
Assets
Gross Revenue 64,250.00$ Current Assets
Operating Expenses
Checking/Savings
13355.21
Office Supplies 552.95 Undeposited Funds 410
Computer Accesseried 560.35 Accounts Receivable -50
Postage & PDA Accessories 186.85
Utilities 4,041.33 Fixed Assets
Promotions 1,390.60 Computers 4241.48
Travel & entertainment 4,031.53 Furniture & fixtures 19664.43
Donations (Charity) 1,881.95 Total Fixed Assets 23905.91
Professional Fees 2,482.00 Accumulated Depreciation 19865.97
Software 206.91 Net Fixed Assets 4039.94
Hardware 108.09 Other Assets 310
Bank Charges 322.90 Total Assets 18065.15
Dues & Subscriptions 142.45
Payroll Taxes 1,147.50 Payroll Taxes Payable 600.00
Domain Expenses 2,242.00$ Total Current Liabilities 1,991.26$
Total Operating Expenses 35,238.30$ Long term debt 0
Operating Income 29,011.70$ Equity
Interest Income 19.69 Retained earnings 50,655.78
Net Income 29,031.39$ David’s Equity
Investment 2,993.46
Equity Draws (37,455.73)
Equity Other (119.62)
Total Equity 16,073.89
Total Liabilites & Equity 18,065.15
DPSystems Income Statement
January 1 through December 31, 2007
Cash Basis
DPSystems Balance Sheet
As of December 31, 2007
Cash Basis
Income Statement: Humperdink Family
Income
Salaries 42,000
Interest income 150
Dividend income 190
Total income $42,340
Fixed expenses
Mortgage payment 7,980
Automobile payment 3,060
Student loan payment 1,700
Property taxes 1,100
Insurance 2,100
Income taxes 9,700
Total fixed expenses $25,640
Variable expenses
Food 2,400
Clothes and personal 2,000
Recreation and vacation 2,000
Total variable expenses 10,600
Total expenses 36,240
Disposable income
Cost of goods sold 250000
Gross profit 250,000
Operating expenses
Salaries 100,000
Rent 24,000
Utilities 25,000
Total operating expenses 186,000
Net income $ 58,550