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)
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)