Assets
# cash equipment inventory sales receivable
pre paid insurance
T0 20,000
T1 -20,000 20,000
T2 15,000
T3 -3,500 3,500
T4 600 -400
T5 2,000
T6 3,800 -800
T7 -1,200 4,500
T8 -1,200 600
T9 -5,000 15,000
T10 -3,000
T11 -1,500
T12 -300
T13 -1,500
T14 -1,800
T15 -1,200
T16 -50
T17
T18
3,350 33,500 1,600 4,500 600
Liabilities
Capital
d insurance A7 loan supplier salaries C1
20,000
15,000
2,000
10,000
-3,000
-1,800
500
- - 22,000 200 500 20,000
closing equity
opening equity
retained earning
profit
dividends
reatined
Equity Check
Income and Expenses Withdrawal
sales COGS insurance depree loss interest
outstanding salaries
0
0
0
0
600 -400 0
0
3,800 -800 0
4,500 -1,200 0
-600 0
0
0
-1,500 0
-300 0
-1,500 0
0
-1,200 0
-50 0
-500 0
0
8,900 -2,400 -600 -1,500 -1,200 -50 -500 -1,800 0
20,850
20,000
850
2,650
-1,800
850
BALANCE SHEET
ASSET LIABILITY
cash 3350
equipment 33500
inventory 1600
sales receivable 4500
pre paid insurance 600
Total 43550
Income Statement
Sales
COGS
Gross Profit
Insuarance
Depreciation
Losses
Outstanding Salary
Operating Profit
Interst on loan
Final Profit
OPENINGCASH STATEM 20000
(+) Inflow
Loan 15000
Income from Sales(Baked 600
Income from Sales(Special 3800
Income from sales(cupca 4500
Income from Insurance 1000
Total 24900
(-) outflow
Baking equipment -20000
Inventory(Ingredients and -3500
Baking supplies -2000
Insurance -1200
Delivery Van -5000
Loan -3000
Withdrawal(personal use) -1500
Interest on loan -50
Outstanding Salary -500
Total -36750
Closing Balance 8150
LIABILITY EQUITY
Loan 22000 C1 20000
supplier 200 sales 8900
salaries 500 COGS -2400
insurance -600
depree -1500
loss -1200
interest -50
outstanding salaries -500
total 22700 withdrawal -1800
total 20850
8900
-2400
6500
-600
-1500
-1200
-500
-2700
-50
2650
