MEDIQUIP CO.
Statement of Financial Position
June 13, 2023
Assets
Current assets
Cash
Accounts receivable
Inventory
Prepaid expenses
Fixed assets (net)
Land
Vehicles
Equipment
Building
Total assets
Liabilities and shareholders’ equity
Current liabilities
Bank overdraft
Account payable
Accrued expenses
Taxes payable
Current portion of the long-term debt
Long-term liabilities
(long-term portion of bank debt)
Shareholders’ equity
Common shares
Retained earnings
500,000
0
0
0
500,000
0
0
0
0
500,000
100,000
50,000
50,000
100
10,000
100,000
10,000
89,900
99,000