Artificial Intelligence Conference - Virtual-BalanceSheet

BalanceSheet

Pdf Summary

Craig’s Design and Landscaping Services had total assets of <strong>$23,436.29</strong> as of <strong>July 31, 2025</strong>, up from <strong>$21,719.95</strong> at the end of June.

<h3>Key asset changes</h3>
- <strong>Current assets</strong> increased to <strong>$9,941.29</strong> from <strong>$8,224.95</strong>.
- <strong>Cash in bank</strong> totaled <strong>$2,001.00</strong>:
  - Checking: <strong>$1,201.00</strong> (down from <strong>$1,852.51</strong>)
  - Savings: <strong>$800.00</strong> (up from <strong>$600.00</strong>)
- <strong>Accounts receivable</strong> rose to <strong>$5,281.52</strong> from <strong>$4,865.29</strong>.
- <strong>Other current assets</strong> increased to <strong>$2,658.77</strong>, mainly due to <strong>undeposited funds of $2,062.52</strong> and <strong>inventory of $596.25</strong>.
- <strong>Fixed assets</strong> remained unchanged at <strong>$13,495.00</strong>, all attributed to the truck’s original cost.

<h3>Liabilities</h3>
Total liabilities were <strong>$31,131.33</strong>, slightly lower than <strong>$31,136.35</strong> last month.
- <strong>Accounts payable</strong> increased to <strong>$1,602.67</strong>.
- <strong>Mastercard balance</strong> decreased to <strong>$157.72</strong> from <strong>$448.54</strong>.
- <strong>Other current liabilities</strong> were <strong>$4,370.94</strong>, including:
  - Arizona Dept. of Revenue/Board of Equalization payable: <strong>$370.94</strong>
  - Loan payable: <strong>$4,000.00</strong>
- <strong>Long-term liabilities</strong> stayed at <strong>$25,000.00</strong> in notes payable.

<h3>Equity</h3>
Equity improved to <strong>negative $7,695.04</strong>, from <strong>negative $9,416.40</strong> in June, driven by <strong>net income of $1,642.46</strong> for the period.

<h3>Overall</h3>
The company’s balance sheet shows modest asset growth and improved equity, though liabilities still exceed assets, leaving the business in a negative equity position.

Keywords

Craig’s Design and Landscaping Services

total assets

current assets

cash in bank

accounts receivable

fixed assets

liabilities

accounts payable

negative equity

balance sheet