ACC 291 Learning Team Final
Vertical Balance Sheet
2006 2005 2004
ASSETS
Current Assets
Cash On Hand $ 1,895 $ 1,900 $ 1,900
Petty Cash 250 250 250
Checking Account 39,595 32,557 16,557
Inventory - Groceries 10,985 11,381 10,629
Inventory - Liquor 6,825 7,284 6,548
Inventory - Wine 6,985 6,517 6,418
Inventory - Beer 1,825 1,782 1,668
Prepaid Expenses 1,500 1,466 1,283
Total Current Assets 69,860 63,137 45,253
Property & Equipment
Furniture, Fixtures& Equipment 335,150 306,200 292,876
Office Equipment 57,842 53,544 51,856
Kitchen Equipment 329,218 318,689 310,777
Leasehold Improvements 379,794 366,224 360,311
Artwork
18,004 17,099 15,482
Accum Depr. - F & E (150,755) (119,988) (47,995)
Accum Depr. - Equipment (145,198) (115,565) (46,226)
Accum Depr. - Office Equipment (36,137) (28,762) (11,505)
Accum Depr - Leasehold Improvements (102,074) (81,242) (32,497)
Total Property & Equipment 685,844 716,199 893,079
Other Assets
Licenses 3,850 3,682 3,384
Accum Amort - Licenses (950) (757) (303)
Total Other Assets 2,900 2,925 3,081
Total ASSETS $
2006 2005 2004
ASSETS
Current Assets
Cash On Hand $ 1,895 $ 1,900 $ 1,900
Petty Cash 250 250 250
Checking Account 39,595 32,557 16,557
Inventory - Groceries 10,985 11,381 10,629
Inventory - Liquor 6,825 7,284 6,548
Inventory - Wine 6,985 6,517 6,418
Inventory - Beer 1,825 1,782 1,668
Prepaid Expenses 1,500 1,466 1,283
Total Current Assets 69,860 63,137 45,253
Property & Equipment
Furniture, Fixtures& Equipment 335,150 306,200 292,876
Office Equipment 57,842 53,544 51,856
Kitchen Equipment 329,218 318,689 310,777
Leasehold Improvements 379,794 366,224 360,311
Artwork
18,004 17,099 15,482
Accum Depr. - F & E (150,755) (119,988) (47,995)
Accum Depr. - Equipment (145,198) (115,565) (46,226)
Accum Depr. - Office Equipment (36,137) (28,762) (11,505)
Accum Depr - Leasehold Improvements (102,074) (81,242) (32,497)
Total Property & Equipment 685,844 716,199 893,079
Other Assets
Licenses 3,850 3,682 3,384
Accum Amort - Licenses (950) (757) (303)
Total Other Assets 2,900 2,925 3,081
Total ASSETS $
References: Kieso, D. E, Warfield, T. D. (2007). Intermediate Accounting (12th ed.). Hoboken, NJ: John Wiley & Sons, Kaufmann, Roger, Ralf Klett. (2004, May) Introduction to Dynamic Financial Analysis Weygandt, J. J., Kieso, D. E., &Kell, W. G. (1996). Accounting Principles (4th ed.). Wiley & Sons, Inc. Weston, J. (1990). Essentials of Managerial Finance. Hinsdale: Dryden Press.