Question

In: Accounting

prepare a balance sheet for a new cafe note; there is no liabilites investors will particpate...

prepare a balance sheet for a new cafe

note;

there is no liabilites

investors will particpate with in total 750,000

rent 130,000

vat 6,500

equipment 43640

utility expenses 16533

licenses 37800

supplies 21388

advertisment 33200

insurance 49680

software 29308

decoration 153950

salaries 228000

sales: 1,260/day

Required:

prepare balance sheet and income statement

Expert Solution

ekkarill92 answered 1 year ago

prepare a basic balance sheet for a new restaurant note; there is no liability investors will...

prepare a basic balance sheet for a new restaurant note; there is no liability investors will participate with in total 750,000 rent 130,000 vat 6,500 equipment 43640 utility expenses 16533 licenses 37800 supplies 21388 advertisement 33200 insurance 49680 software 29308 decoration 153950 salaries 228000 sales: 1,260/day Required: prepare the balance sheet and income statement

Prepare a classified balance sheet. Assume that $13,600 of the note payable will be paid in 2018.

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