12/31/200570001650020002550017000035000 135000750002100

12/31/200570001650020002550017000035000
135000750002100002355001100060000110007000300012800022000052000225007450014200043650012/31/2005700016500235002250060000110007000100500770001610000-77000-77000840001900065000Webb Trucking Company
Classified Balance Sheet
Assets
Current assets
Cash
Accounts Receivable
Total current assets
Prepaid Expenses
Plant assets
Trucks
Less accumulated depreciation
Land
Total plant assets
Current liabilities
Accounts payable
Interests payable
Trucking fees earned
Salaries Expense
Office supplies expense
Repairs expense
Total current liabilities
Long-term liabilities
Notes payable
Depreciation expense
Total long-term liabilities
Equity
K. Webb Capital
Total Assets
Total liabilities and equity
Liabilities
Revenues
Accouts Receivable
Income Statement
Total Revenue
Expenses
Depreciation Expense
Wage Expense
Repair Expense
Supplies Expense
Total Expense
Net Loss
Statement of Owners Equity
For Year Ended December 31 2005
K. Webb Capital December 31 2004
Add: Investment by owner
Less: Withdrawals by owner
K. Webb Capital December 31 2005

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