Bookkeeping outsourcing services. Report completed by IGS Bookkeeping services
	SILVER CASCADE INC
	Balance Sheet Standard
	As of December 15, 2009
							15-Dec-09
	ASSETS
		Current Assets
			Checking/Savings
				Checking			97,510.02
				Cash Expenditures			225.23
				Savings			5,887.50
			Total Checking/Savings				103,622.75
			Accounts Receivable
				Accounts Receivable			35,810.02
			Total Accounts Receivable				35,810.02
			Other Current Assets
				Prepaid Insurance			500.00
				Employee advances			100.00
				Inventory Asset			9,437.08
				Undeposited Funds			110.00
			Total Other Current Assets				10,147.08
		Total Current Assets					149,579.85
		Fixed Assets
			Truck
				Accumulated Depreciation			-1,725.00
				Original Purchase			13,750.00
			Total Truck				12,025.00
		Total Fixed Assets					12,025.00
	TOTAL ASSETS						161,604.85
	LIABILITIES & EQUITY
		Liabilities
			Current Liabilities
				Accounts Payable
					Accounts Payable		2,554.57
				Total Accounts Payable			2,554.57
				Credit Cards
					CalOil Card		1,403.99
					QuickBooks Credit Card
						QBCC Field Office	45.00
						QBCC Home Office	25.00
					Total QuickBooks Credit Card		70.00
				Total Credit Cards			1,473.99
				Other Current Liabilities
					Payroll Liabilities		5,520.47
					Payments on Account		-1,520.00
					Sales Tax Payable		2,086.50
				Total Other Current Liabilities			6,086.97
			Total Current Liabilities				10,115.53
			Long Term Liabilities
				Bank of Anycity Loan			19,932.65
				Equipment Loan			3,911.32
				Bank Loan			6,013.06
			Total Long Term Liabilities				29,857.03
		Total Liabilities					39,972.56
		Equity
			Opening Bal Equity				151,970.07
			Owner's Equity
				Owner's Draw			-5,000.00
			Total Owner's Equity				-5,000.00
			Retained Earnings				-40,198.24
			Net Income				14,860.46
		Total Equity					121,632.29
	TOTAL LIABILITIES & EQUITY						161,604.85
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