$2.$ Opening Balance Sheet$$ Opening Balance Sheet$($Date of opening $\_\_$March $1,2025\_\_\_\_)$ ASSETS$$ Current Assets$$ $$$ $$$ $$$ Cash & marketable securities$\_\_\_\_\_\_\_$ Accounts receivable$\_\_\_0\_\_\_\_$ Inventory$/$office supplies$\_\_\_\_\_\_\_$ Prepaid expenses$\_\_\_\_\_\_\_$ Other current assets$\_\_\_\_\_\_\_$ Total Current Assets$\_\_\_\_\_\_\_$ Fixed Assets$$ Equipment$/$furniture$/$fixtures$\_\_\_\_\_\_\_$ Leasehold improvements$\_\_\_\_\_\_\_$ Land$/$buildings$\_\_\_\_\_\_\_$ Auto$/$truck$\_\_\_\_\_\_\_$ Other fixed assets$\_\_\_\_\_\_\_$ Total Fixed Assets$\_\_\_\_\_\_\_$ Other Assets$$ Organizational fees $($legal$,$ accounting etc.$)\_\_\_\_\_\_\_$ Total Other Assets$\_\_\_\_\_\_\_$ TOTAL ASSETS$\_\_\_\_\_\_\_$ LIABILITIES$$ Current Liabilities $($due within the next $12$ months$)$ Long term loans$($current portion$)\_\_\_\_\_\_\_$ Short$-$term loans$\_\_\_\_\_\_\_$ Accounts payable$\_\_\_\_\_\_\_$ Other current liabilities$\_\_\_\_\_\_\_$ Total Current Liabilities$\_\_\_\_\_\_\_$ Long term Liabilities$$ Long term loans $($minus current portion$)\_\_\_\_\_\_\_$ Mortgages and liens payable$\_\_\_\_\_\_\_$ Loans from shareholders $($if applicable$)\_\_\_\_\_\_\_$ Other long term debt obligations$\_\_\_\_\_\_\_$ Total Long Term Liabilities$\_\_\_\_\_\_\_$ TOTAL LIABILITIES$\_\_\_\_\_\_\_$ EQUITY$$ Cash $-$ owners capital $($if a proprietorship or partnership$)-$ shares outstanding $($if a corporation$)\_\_\_\_\_\_\_$ General Start $-$ up $($organizational costs etc.$)\_\_\_\_\_$ Equipment$/$material$/$labour $($provide details$)\_\_\_\_\_\_\_$ TOTAL EQUITY$\_\_\_\_\_\_\_$ TOTAL LIABILITIES AND EQUITY$\_\_\_\_\_\_\_$some of the answers The Urban HiveOpening Balance SheetAs of March $1,2025$AssetsAmount $($CAD$)$Liabilities & Owner$$s EquityAmount $($CAD$)$Current AssetsCurrent LiabilitiesCash$$Accounts Payable $$-$Utilities payable $$5,500\mathrm{.}00$Accounts Receivable $$-$Short$-$Term Loan $($if any$)$Grants$$$$20,000\mathrm{.}00$Accrued Expenses $($Taxes$,$ Rent$)$ $$84,000\mathrm{.}00$InventoryTotal Current LiabilitiesTotal Current AssetsLong$-$Term LiabilitiesFixed AssetsBusiness Loan $$725,000\mathrm{.}00$Office Equipment & Furniture $$47,200\mathrm{.}00$Family$,$ Friends, and Foes $$15,000\mathrm{.}00$Intangible AssetWebsite $$366\mathrm{.}12$Total LiabilitiesLicense $$1,731\mathrm{.}00$Owner$$s EquityTotal Fixed AssetsOwner$$s Capital Investment $$50,000\mathrm{.}00$Total AssetsTotal Liabilities $+$ Equity