| Laurens Corporation Balance Sheet January 31, 2017 | ||
| Assets | ||
| Current Assets |
|
|
| Cash | $9100 |
|
| Accounts Receivable | 5000 |
|
| Inventory | $500 |
|
| Total Current Assets |
| $14,600 |
| Property, plant, and equipment |
|
|
| Equipment | $1000 |
|
| Total property, plant, and equipment |
| $1000 |
| Total Assets |
| $15,600 |
| Liabilities and Stakeholders’ Equity | ||
| Current Liabilities |
|
|
| Accounts Payable | $0 |
|
| Notes Payable | 5000 |
|
| Interest Payable | $50 |
|
| Total Current Liabilities |
| $5050 |
| Stakeholders’ Equity |
|
|
| Common Stock | $10,000 |
|
| Retained Earning | $550 |
|
| Total Stakeholders Equity |
| $10,550 |
| Total Liabilities and Stakeholders’ Equity |
| $15,600 |