BALANCE SHEET ASSIGNMENT - Summer School 2025
July 4, 2025 – Balance Sheet
Name of the business: Auston’s Training Company
Name of the owner of the business: Auston Matthews
Assets Liabilities
A/R J. Tavares $ 3,800 A/P J. Woll $8,550
A/R J. McCabe $ 9,400 A/P M. Rielly $5,600
A/R M. Domi $ 7,845 A/P M. Knies $3,900
A/R B. McMann $ 2,100 Bank Loan $70,500
Furniture $22,125 Mortgage $570,300
Supplies $ 6,985
Cash $10,200
Bank Balance $31,200
Building $802,000
Equipment $37,700
Prepare a Balance Sheet for the company as if you were a public accountant.
Before you begin, please see page 2 for the Marking Scheme.
You can type your answers in, or print and do this by hand. If you choose to type, you will have to determine how to add the underlines.
Remember, the bottom two underlines must be double. If you choose to do this by hand, please use a pencil and a ruler and make sure your
underlines are very clear. Neatness counts. You can push this Balance Sheet down and enlarge it on its own page if you would like.
Auston’s Training Company
Balance Sheet
July 4, 2025
Assets Liabilities
Cash $ 1 0 2 0 0 Accounts Payable
Bank Balance 3 1 2 0 0 - M. Knies $ 3 9 0 0
Accounts Receivable - M. Rielly 5 6 0 0
- M. Domi 7 8 4 5 - J. Woll 8 5 5 0
- J. McCabe 9 4 0 0 Bank Loan 7 0 5 0 0
- B. McMann 2 1 0 0 Mortgage 5 7 0 3 0 0
- J. Tavares 3 8 0 0 Total Liabilities $6 5 8 8 5 0
Supplies 6 9 8 5
Furniture 2 2 1 2 5 Owner’s Equity
Building 8 0 2 0 0 0 A. Mathew, Capital $2 3 6 8 0 5
Total Assets $8 9 5 6 5 5 Total Liabilities and Owner’s Equity 8 9 5 6 5 5
July 4, 2025 – Balance Sheet
Name of the business: Auston’s Training Company
Name of the owner of the business: Auston Matthews
Assets Liabilities
A/R J. Tavares $ 3,800 A/P J. Woll $8,550
A/R J. McCabe $ 9,400 A/P M. Rielly $5,600
A/R M. Domi $ 7,845 A/P M. Knies $3,900
A/R B. McMann $ 2,100 Bank Loan $70,500
Furniture $22,125 Mortgage $570,300
Supplies $ 6,985
Cash $10,200
Bank Balance $31,200
Building $802,000
Equipment $37,700
Prepare a Balance Sheet for the company as if you were a public accountant.
Before you begin, please see page 2 for the Marking Scheme.
You can type your answers in, or print and do this by hand. If you choose to type, you will have to determine how to add the underlines.
Remember, the bottom two underlines must be double. If you choose to do this by hand, please use a pencil and a ruler and make sure your
underlines are very clear. Neatness counts. You can push this Balance Sheet down and enlarge it on its own page if you would like.
Auston’s Training Company
Balance Sheet
July 4, 2025
Assets Liabilities
Cash $ 1 0 2 0 0 Accounts Payable
Bank Balance 3 1 2 0 0 - M. Knies $ 3 9 0 0
Accounts Receivable - M. Rielly 5 6 0 0
- M. Domi 7 8 4 5 - J. Woll 8 5 5 0
- J. McCabe 9 4 0 0 Bank Loan 7 0 5 0 0
- B. McMann 2 1 0 0 Mortgage 5 7 0 3 0 0
- J. Tavares 3 8 0 0 Total Liabilities $6 5 8 8 5 0
Supplies 6 9 8 5
Furniture 2 2 1 2 5 Owner’s Equity
Building 8 0 2 0 0 0 A. Mathew, Capital $2 3 6 8 0 5
Total Assets $8 9 5 6 5 5 Total Liabilities and Owner’s Equity 8 9 5 6 5 5
