pizza balance
TRANSCRIPT
Cash Flow Statement
Cash Flow From Operation
Net Earning
Additions to CashDepreciationDecrease in Accounts ReceivableIncrease in Accounts PayableIncrease in Taxes PayableSubtractions From CashIncrease in InventoryNET CASH FROM OPERATIONCash Flow InvestingEquipmentCash Flow From FinancingNotes Payable CaS Flow for FY Ended 31 DEC 2013
50,000
2,0001,5001,500 250
(1,500)55,250
20,000
5,00040,250
5,00
OPENING DAY BALANCE SHEET
Mamma’s PizzeriaASSETSCurrent Assets
Cash in Bank $ 50,000
Inventory 20,000
Prepaid Expenses 10,000
Other - 0
Total Current Assets $ 80,000
Fixed Assets
Machinery & Equipment $ 20,000
Furniture & Fixtures 2,000
Leasehold Improvements - 0
Real Estate / Buildings - 0
Other - 0
Total Fixed Assets $ 22,000
Other Assets
Specify $ 0
Specify - 0
Total Other Assets $ 0
Total Assets $ 102,000
LIABILITIES & NET WORTH
Current Liabilities
Accounts Payable $ 10,000
Taxes Payable 5,000
Notes Payable (due within 12 months) 12,000
Current Portion Long-term Debt - 0
Other current liabilities (specify) - 0
Total Current Liabilities $ 27,000
Long-term Liabilities
Bank Loans Payable (greater than 12 months) $ 50,000
Less: Short-term Portion 5,000
Notes Payable to Stockholders - 0
Other long-term debt (specify) - 0
Total Long-term Liabilities $ 55,000
Total Liabilities $ 82,000
Owners' Equity (Net Worth) $ 20,000
Total Liabilities & Net Worth $ 102,000