Unit 11
Accounting and Finance Foundations Unit 11: Financial Analysis 877Financial Analysis
Chapter 26
Student Assignment
Lesson 26.2 Culminating Project B
Newton Park
Balance Sheet
As of December 31, 20XXCurrent Assets
Cash 15,000
Accounts Receivable 10,000
Notes Receivable 8,000
Gift Shop & Concessions Inventory 13,000
Prepaid Insurance 4,000
Total Current Assets 50,000Property, Plant, & Equipment
Land 100,000
Buildings 300,000
Office Equipment 50,000
Rides and Equipment 295,000
Less: Accumulated Depreciation 45,000
Total Property, Plant, & Equipment 700,000Total Assets $750,000Current Liabilities
Accounts Payable 20,000
Notes Payable 12,000
Salaries Payable 8,000
Total Current Liabilities 40,000Long-term Liabilities
Mortgage Payable 300,000
Total Long-term Liabilities 300,000Stockholder’s Equity
Common Stock 350,000
Retained Earnings 60,000
Total Equity 410,000Total Liabilities and Equity $750,000