63910259 Marion Boats

Balance sheet As of March 30th 2006
Deatail

Cash from Mr Fred
Cash from Bill
Service fee for lawyer
Loan From Bank
Buyout Cost for land
Demolition Charge
Advance from sports boat
Sale of boats
Compensation to Fred
Paid for building
Bank loan repaid
Fred Salary

Total

Assumption:

Type

Cash

F
F
OP
F
I

72000
20000
(800)
40000
(72000)

F
OP
OP
I
F
OP

40000
166800
(680)
(145000)
(42000)
(10000)
68320

Land

Building

Accounts
Receivable

Retained earning (800)
72000
9000
13600

180400
(680)

145000
(2000)
(10000)
81000
Total Asset

145000

13600
307920

166920

A)Any cost that increase the value of the building/land (not maintenance) must b to the value of land/building. Such as demolotion charge, archi fees,
B) If the land is brought along building, seperate cost of building is to be conside seperately. And depriciation be done on building cost only. As land is appreciatin nature. ch 30th 2006
Bank Loan

Equity Mr
Advance From Accounts
Equity Mr Bill
Fred
SB
Payable

72000
20000
40000

9000
40000
183600
#REF!
(40000)

0

72000

d (not maintenance) must be added ge, archi fees, of building is to be considered only. As land is appreciating in

20000

40000

9000
307920

58000
#REF!

Assets
Cash

72000
20000
(800)
40000
(72000)

Land

Accounts Building Capital of Capital of
Interest
Bank Loan receivable Cost
Mr Fred
Bill
owed
72000
20000
40000

72000
9000

40000
(680)
(145000)
(42000)

145000
(40000)

Retained
Earnings

Account
Payable

SB Loan

(800)

9000
40000
(153000)
(680)
(2000)

153000

Liablity to supp Service fee for lawyer
Sale of boats
Compensation to Fred
Fred Salary

OP
OP
OP
OP

(800)
166800
(680)
(10000)

Cash from Mr Fred
Cash from Bill
Loan From Bank

F
F
F

72000
20000
40000

Advance from sports boat

F

40000

Bank loan repaid

F

(42000)

Buyout Cost for land
Paid for building

I
I

(72000)
(145000)
(217000)
(148680)

136640

F
F
F
I
OP
F
OP

72000
20000
40000
(72000)
(800)
0
40000
166800

OP

(680)

I
F
OP

(145000)
(42000)
(10000)