Balance Sheet: [Your Business Name]
As of December 31, 2025
| Assets (What you own) | Amount |
| Current Assets | |
| Cash in Bank | $45,000 |
| Accounts Receivable (Commissions Owed) | $15,000 |
| Fixed Assets | |
| Office Equipment & Furniture | $10,000 |
| Company Vehicle (Net of Depreciation) | $30,000 |
| Total Assets | $100,000 |
| Liabilities (What you owe) | |
| Current Liabilities | |
| Credit Card Balance | $3,000 |
| Short-term Business Loan | $12,000 |
| Long-term Liabilities | |
| Vehicle Loan | $25,000 |
| Total Liabilities | $40,000 |
| Equity (Your Value) | |
| Owner’s Investment | $50,000 |
| Retained Earnings (Profit kept in business) | $10,000 |
| Total Equity | $60,000 |
| Total Liabilities & Equity | $100,000 |