Love Essay

2530 Words Jun 19th, 2014 11 Pages
XYZ CONSTRUCTION CO., INC.
FINANCIAL STATEMENTS DECEMBER 31,20X1

SAMPLE FINANCIAL STATEMENTS

ACCOUNTANTS' REVIEW REPORT

Page

2

FINANCIAL STATEMENTS Balance Sheet Statement of Income and Retained Earnings Statement of Cash Flows Notes to Financial Statements Page Page 3 4

Pages 5 - 6 Pages 7 - 13

SUPPLEMENTAL INFORMATION Schedules of Earnings from Contracts and Contract Costs Schedules of General and Administrative Expenses and Other (Income) Expense Schedule of Contract Revenues, Costs and Profits Page 14

Page Page

15 16

JONES, HENLE . SCHUNCK
THOMAS N. HENLE. CPA KARL E. SCHUNCK, CPA JOHN S. PALMER, CPA MICHAEL R. HUHN, CPA JAMES F. KEPKE, CPA CRAIG A. CLEVELAND, CPA GLEN A. THOMAS, CPA CHRISTOPHER D.
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The supplemental information accompanying the financial statements is presented only for supplementary analysis purposes and has been subjected to the inquiry and analytical procedures applied in the review of the basic financial statements. We did not become aware of any material modifications that should be made thereto.

JONES, HENLE & SCHUNCK An Accountancy Corporation

February 22,20XX

XYZ Constructio~t Co., Inc. is afictitious entity. The accounts and balances have been developed for illustrative purposes. -

135 TOWN 8 COUNTRY DRIVE P.O. BOX 9500 DANVILLE, CA 94526 z (925) 820-1821 FAX (925) 820-8266 E-Mail jhscpa@jhs.com www.jhs.com Soritl~em Califor~zia ofice in Orange (714) 978-1800

XYZ CONSTRUCTION CO., INC. BALANCE SHEET DECEMBER 31,20X1
ASSETS CURRENT ASSETS Cash Contract receivables Costs and estimated earnings in excess of billings on uncompleted contracts Other assets Total current assets EQUIPMENT - net TOTAL ASSETS LMILITIES AND STOCKHOLDERS' EQUITY CURRENT LMILlTIES Accounts payable Line of credit Billings in exc.ess of costs and estimated earnings on uncompleted contracts Accrued expenses Income taxes payable Current portion of notes payable Deferred income taxes Total current liabilities NOTES PAYABLE - less current portion NOTE PAYABLE - STOCKHOLDER Total liabilities STOCKHOLDERS' EQUITY

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