Download - Marion Case Study Practice
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Cash from Mr Fred F 72000
Cash from Bill F 20000
Service fee for lawyer OP (800) (800)
Loan From Bank F 40000
Buyout Cost for land I (72000) 72000
Demolition Charge 9000
Advance from sports boat F 40000
Sale of boats OP 166800 13600 180400
Compensation to Fred OP (680) (680)
Paid for building I (145000) 145000Bank loan repaid F (42000) (2000)
Fred Salary OP (10000) (10000)
Total 68320 81000 145000 13600 166920
307920
Assumption:
Type Cash Land BuildingAccounts
Receivable
Retained
earning
A)Any cost that increase the value of the building/land (not main
to the value of land/building. Such as demolotion charge, archi fe
B) If the land is brought along building, seperate cost of building
seperately. And depriciation be done on building cost only. As lan
Total Asset
Balance sheet As of March 30th
Deatail
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72000
20000
40000
9000
40000
183600 58000
#REF! #REF!
(40000)
0 72000 20000 40000 9000
307920
Bank LoanEquity Mr
FredEquity Mr Bill
Advance From
SB
Accounts
Payable
enance) must be added
es,
is to be considered
d is appreciating in
2006
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Cash Land
Accounts
receivabl
e
Building
Cost
Capital of
Mr Fred
Capital of
Bill
Bank
Loan
Interest
owed
Retained
Earnings
72000 72000
20000 20000
(800) (800)
40000 40000
(72000) 72000
9000
40000
(153000)
(680) (680)
(145000) 145000
(42000) (40000) (2000)
Assets
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Account
PayableSB Loan
Liablity to
supp
9000
40000
153000
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Service fee for lawyer OP (800) F
Sale of boats OP 166800 F
Compensation to Fred OP (680) F
Fred Salary OP (10000) I
OP
Cash from Mr Fred F 72000
Cash from Bill F 20000 F
Loan From Bank F 40000 136640 OP
Advance from sports boat F 40000 OP
Bank loan repaid F (42000) I
F
Buyout Cost for land I (72000) OP
Paid for building I (145000)
(217000)
(148680)
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72000
20000
40000
(72000)
(800)
0
40000
166800
(680)
(145000)
(42000)
(10000)
68320