![[Your Business Name]
Opening Balance Sheet
[Mmmm Dd, 200X]
Assets
Current Assets:
Cash $__________
Accounts receivable $__________
Inventory $__________
Short-term loans $__________
Prepaid expenses $__________
Long-term loans $__________
Land $__________
Buildings $__________
Improvements $__________
Equipment $__________
Furniture $__________
Vehicles $__________
Other Assets $__________
TOTAL ASSETS $__________
Liabilities
Accounts payable $__________
Short-term notes payable $__________
Interest payable $__________
Taxes payable $__________
Long-term notes payable $__________
TOTAL LIABILITIES $__________
Capital or Owner's Equity](https://image.slidesharecdn.com/openingbalancesheet-170204132930/85/opening-balance-sheet-1-320.jpg)
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Opening balance sheet
- 1. [Your Business Name] Opening Balance Sheet [Mmmm Dd, 200X] Assets Current Assets: Cash $__________ Accounts receivable $__________ Inventory $__________ Short-term loans $__________ Prepaid expenses $__________ Long-term loans $__________ Land $__________ Buildings $__________ Improvements $__________ Equipment $__________ Furniture $__________ Vehicles $__________ Other Assets $__________ TOTAL ASSETS $__________ Liabilities Accounts payable $__________ Short-term notes payable $__________ Interest payable $__________ Taxes payable $__________ Long-term notes payable $__________ TOTAL LIABILITIES $__________ Capital or Owner's Equity
- 2. Stock $__________ Retained earnings $__________ TOTAL CAPITAL or OWNER'S EQUITY $__________ (Total Assets will always equal Total Liabilities plus Total Capital)