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Apollo Shoes Comparative Balance Sheet at Dec. 31, 2014 and Dec. 31, 2013

The balance sheet shows Apollo Shoes' assets, liabilities, and equity at the end of 2013 and 2014. Major increases from 2013 to 2014 include cash balances, accounts receivable, inventory, prepaid expenses, property and equipment, investments, accounts payable, line of credit, and retained earnings. Total assets increased from $36.8 million to $131.2 million, while total liabilities and equity also increased from $36.8 million to $131.2 million.

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Richard Hansel
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207 views3 pages

Apollo Shoes Comparative Balance Sheet at Dec. 31, 2014 and Dec. 31, 2013

The balance sheet shows Apollo Shoes' assets, liabilities, and equity at the end of 2013 and 2014. Major increases from 2013 to 2014 include cash balances, accounts receivable, inventory, prepaid expenses, property and equipment, investments, accounts payable, line of credit, and retained earnings. Total assets increased from $36.8 million to $131.2 million, while total liabilities and equity also increased from $36.8 million to $131.2 million.

Uploaded by

Richard Hansel
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Apollo Shoes Comparative Balance Sheet

At Dec. 31, 2014 and Dec. 31, 2013


Adjustments
W/P Last Year's Current Year's Current Year
Acct # Acct Title Dr. Cr.
Ref (Audited) (Unaudited) (Audited)
10100 Cash on Hand $ 1,987.28 $ 2,275.23
10200 Regular Checking Account $ 198,116.52 $ 557,125.92
10300 Payroll Checking Account 0
10400 Savings Account $ 3,044,958.13 $ 3,645,599.15

11000 Accounts Receivable $ 16,410,902.71 $ 51,515,259.98


11400 Other Receivables $ 1,250,000.00
11500 Allowance for Doubtful Accounts $(1,262,819.88) $ (1,239,009.75)
12000 Inventory - Spotlight $ 18,825,205.24 $ 67,724,527.50
12300 Reserve for Inventory Obsolescence $ (3,012,000.00) $ (846,000.00)
14100Prepaid Insurance $ 743,314.38 $ 3,424,213.78
14200 Prepaid Rent $ 200,000.00 0
14300 Office Supplies $ 7,406.82 $ 8,540.00
14400 Notes Receivable-Current 0 0
14700 Other Current Assets 0 0
15000 Land $ 117,000.00 $ 117,000.00
15100 Buildings and Land Improvement $ 623,905.92 $ 674,313.92
15200 Machinery, Equipment, Office Furniture $ 433,217.10 $ 2,929,097.13
17000 Accum. Depreciation $ (164,000.00) $ (610,000.00)
19000 Investments $ 572,691.08 $ 1,998,780.39
19900 Other Noncurrent Assets $ 53,840.59 $ 53,840.59
Total Assets $ 36,793,725.89 $ 131,205,563.84

20000Accounts Payable $ 4,633,118.09 $ 1,922,095.91


23100 Sales Tax Payable 0 0
23200 Wages Payable $ 29,470.32 0
23300 FICA Employee Withholding $ 1,318.69 $ 8,439.65
23350 Medicare Withholding $ 583.99 $ 11,414.99
23400 Federal Payroll Taxes Payable $ 6,033.01 $ 118,086.12
23500 FUTA Tax Payable 0 0
23600 State Payroll Taxes Payable $ 2,815.47 $ 55,106.86
23700 SUTA Tax Payable 0 0
23800 FICA Employer Withholding $ 1,318.69 $ 8,439.65
23900 Medicare Employer Withholding $ 583.99 $ 11,414.99

24100 Line of Credit $ 10,000,000.00 $ 44,403,000.00


24200 Current Portion Long-Term Debt 0 0
24700 Other Current Liabilities 0 0

27000 Notes Payable-Noncurrent 0 $ 12,000,000.00


Total Liabilities $ 14,675,242.25 $ 58,537,998.17

39003 Common Stock $ 8,105,000.00 $ 8,105,000.00

39004 Paid-in Capital $ 7,423,000.00 $ 7,423,000.00

39005Retained Earnings $ 2,219,120.65 $ 6,590,483.64


Current Net Income $ 4,371,362.99 $ 50,549,082.03
Total Liabilities & Stockholders' Equity $ 36,793,725.89 $ 131,205,563.84

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