"Lone pine cafe balance sheet" Essays and Research Papers

Sort By:
Satisfactory Essays
Good Essays
Better Essays
Powerful Essays
Best Essays
Page 1 of 50 - About 500 Essays
  • Satisfactory Essays

    Lone Pine Cafe

    • 486 Words
    • 2 Pages

    Assets Current assets Cash $ 10 172.00 Inventories $ 2 800.00 Prepaid Expenses $ 1 428.00 Total Current assets: $ 14 400.00 Lone Pine Cafe Balance sheet As of November 2‚ 2009 Liabilities and Owners’ equity Current liabilities Notes payable‚ bank $ 69 000.00 Total Liabilities and Owners’ equity: $ 69 000.00 Lone Pine Cafe Balance sheet As of March 30‚ 2010 Liabilities and Owners’ equity Current liabilities Accounts payable $ 1 583.00 Notes payable‚ bank $ 18 900

    Premium Generally Accepted Accounting Principles Balance sheet Revenue

    • 486 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Lone pine Cafe

    • 429 Words
    • 5 Pages

    SOLUTION FOR LONE PINE CAFE CASE: A)Each of the partners contributed  $16000 cash to the partnership and agreed to share in their profits proportionally to what they had invested which amounts to 1/3rd of the total profit. Therefore‚ each Owner’s equity : $16000 cash They signed a one year lease at a nearby cafe called the Lone pine cafe and agreed to pay a rent of $ 1500 every month. The partners borrowed $21000 from the bank . They used $35000 out of their partnership money and

    Premium Balance sheet Asset Generally Accepted Accounting Principles

    • 429 Words
    • 5 Pages
    Satisfactory Essays
  • Good Essays

    Lone Pine Cafe

    • 526 Words
    • 3 Pages

    recognized. Wages expense is recognized as incurred‚ not when paid. March’s utility bill is an expense of March when the obligation was incurred. Income tax provision relates to pretax income. Must be matched with related income. Case 3-2: Lone Pine Café (B) Note: This case is unchanged fro the Tenth Edition. Approach This case introduces students to preparation of an income statement based on analyzing transactions. At this stage‚ students are not expected to set up accounts in the formal

    Premium Revenue Expense Income statement

    • 526 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Lone Pine Cafe Case

    • 275 Words
    • 3 Pages

    Case 2-3 Lone Pine Cafe (A)* Karamoy‚ Claudya Loria‚ Karla Uy‚ Casandra Alexis Allan Quijano ENT603M 1. Prepare a balance sheet for the Lone Pine Cafe as of November 2‚ 2001. LONE PINE CAFE BALANCE SHEET AS OF NOVEMBER 2‚ 2001 Assets Current Assets Cash……………………………………………………………$10‚ 172 Inventory………………………………………………………. 2‚ 800 Prepaid Expense……………………………………………… 1‚ 428 Total current assets……………………………………….

    Premium Balance sheet Generally Accepted Accounting Principles Liability

    • 275 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Lone Pine Cafe

    • 516 Words
    • 3 Pages

    Address: Jl. Kampung Bali XV/No.2 Jakarta Pusat - 10250 Mobile : +62-081317170114 +62-817-5100-114 Email : tientien_na@yahoo.com Christina Dameria Objective Seeking a dynamic career in Management‚ Operations‚ Administration and Clerical fields. 7 October 2012 – 6 February 2013‚ United Nations Development Program (UNDP) of Strengthening Access to Justice in Indonesia (SAJI) Project Support Specialist for Event Administrator (short term contract) • To prepare administrative and logistic for

    Premium Indonesia Malay language Contract

    • 516 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Analysis for Lone Pine Café The Lone Pine Café case involves a partnership of three people who initially invested $16‚000 cash each in the venture. The first transaction resulted in a one year lease being signed for $1‚500 per month or $18‚000 per annum. The owners occupied quarters above the Café. No rental amount was assigned to this apace. The owners then borrowed $21‚000 from a local bank and then utilized $35‚000 of the initial capital invested in the firm to purchase $53‚200 of

    Premium Generally Accepted Accounting Principles Balance sheet Asset

    • 1087 Words
    • 5 Pages
    Satisfactory Essays
  • Powerful Essays

    The Balance Sheet

    • 1472 Words
    • 6 Pages

    COURSE 2 - The Balance Sheet          The balance sheet (also called statement of financial position) reports the financial position of the business at a point in time. It does so by listing the categories and amounts of assets‚ liabilities and equity on a specific date‚ in a format that proves the fundamental accounting equation. ASSETS = EQUITY + LIABILITIES or ASSETS – LIABILITIES = EQUITY   Formats of presentation      Regardless of

    Premium Balance sheet Generally Accepted Accounting Principles Asset

    • 1472 Words
    • 6 Pages
    Powerful Essays
  • Satisfactory Essays

    balance sheet

    • 312 Words
    • 2 Pages

    The balance sheet‚ income statement and cash flow statement are closely related. Basically‚ a balance sheet describes a company’s assets‚ liabilities and stockholder’s equity in a specific period of time. An income statement mainly shows the net profits or loss of a company. The purpose of the income statement is to show stockholders and investors whether the company earned or lost money. A cash flow statement explains cash inflows and outflows. Each financial statement reveals a part of a company’s

    Premium Generally Accepted Accounting Principles Financial statements Balance sheet

    • 312 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    A balance sheet

    • 584 Words
    • 2 Pages

    A balance sheet is a financial statement that reports the assets‚ which are resources owned by a business‚ liabilities‚ and stockholders’ equity at a specific date. Examples of assets would be computers‚ delivery trucks‚ furniture‚ and buildings. A balance sheet has two categories: Assets‚ liabilities‚ and stockholders’ equity. Liabilities are the debts and obligations of a business. Liabilities represent c claims of creditors on the assets of business. Examples of liabilities would be notes

    Premium Generally Accepted Accounting Principles Income statement Balance sheet

    • 584 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    Balance Sheet

    • 354 Words
    • 2 Pages

    Example Company Balance Sheet December 31‚ 2011 ASSETS LIABILITIES Current Assets Current Liabilities Cash $ 2‚100 Notes Payable $ 5‚000 Petty Cash 100 Accounts Payable 35‚900 Temporary Investments 10‚000 Wages Payable 8‚500 Accounts Receivable - net 40‚500 Interest Payable 2‚900 Inventory 31‚000 Taxes Payable 6‚100 Supplies 3‚800 Warranty Liability 1‚100 Prepaid Insurance 1‚500 Unearned Revenues 1‚500 Total Current

    Premium Balance sheet Generally Accepted Accounting Principles Asset

    • 354 Words
    • 2 Pages
    Satisfactory Essays
Previous
Page 1 2 3 4 5 6 7 8 9 50