VRail
New Member

Please, can you take a look at my attached S100 balance sheet and tell me what I am doing wrong. The calculations in the automated fields are way off and I'm not sure why

The figures are supposed to be:

Assets:

Cash Year End: $33,137
Cash Start of Year: $8,741

Liabilities: 

Tax Payable:  $7,930

Equity:

Common Shares: $100
Retained earnings: $25,207

Net Income: $58,151
Cash Dividends Paid: $32,944