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Page 46
How To Investigate Any Business Opportunity
Cash on hand and in bank $20, 000
Accounts receivable $32, 000
Less estimated un-collectible 4, 000
________
28, 000
Merchandise inventory 49, 214
Sales and office supplies 1, 920
Fixtures 20, 000
Less estimated depreciation 5, 600
________
14, 400
Equipment 19, 000
Less estimated depreciation 8, 600
________
10, 400
Miscellaneous assets 1, 280
________
Total assets $ 125, 214
Liabilities
Accounts payable $ 11, 000
Payroll and sales tax payable 1, 300
_______
Total liabilities $ 12, 300