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Sarah Chen
SC
Volume 1 / Accounting Module
Statement of Financial Position
As of August 25, 2026
$2,454,590
ASSETS
=
$2,454,590
LIAB. + EQUITY
Balanced
CURRENT 42.8%FIXED 57.2%
Cur. Liab 6.8%
LT Liab 10.2%
Equity 83%
ASSETS
Current Assets
Cash & Bank$347,310
Accounts Receivable$284,320
Inventory$418,760
Total Current Assets$1,050,390
Fixed Assets
Equipment (net)$1,404,200
Total Fixed Assets$1,404,200
TOTAL ASSETS
$2,454,590
6.1% vs Jul
LIABILITIES
Current Liabilities
Accounts Payable$96,140
Accrued Liabilities$48,200
VAT Payable$21,830
Total Current Liabilities$166,170
Long-term Liabilities
Notes Payable$250,000
Total Long-term Liab.$250,000
TOTAL LIABILITIES
$416,170
2.4% vs Jul
EQUITY
Common Stock$1,200,000
Retained Earnings$838,420
TOTAL EQUITY
$2,038,420
7.2% vs Jul
Total Liabilities + Equity ($2,454,590) matches Total Assets
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