8/12/2019 Marion Case Study Practice

1/6

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

8/12/2019 Marion Case Study Practice

2/6

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

8/12/2019 Marion Case Study Practice

3/6

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

8/12/2019 Marion Case Study Practice

4/6

Account

PayableSB Loan

Liablity to

supp

9000

40000

153000

8/12/2019 Marion Case Study Practice

5/6

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)

8/12/2019 Marion Case Study Practice

6/6

72000

20000

40000

(72000)

(800)

0

40000

166800

(680)

(145000)

(42000)

(10000)

68320