Scribd Logo
Upload

Welcome to Scribd!

  • Balance Income Statement 2

    Uploaded by

    api-254943820
    22 views3 pages
    The company owns a Cesna 208 Caravan aircraft valued at $6,067,350. Total assets are $6,872,770, including furniture, banking software, ATMs, and $600,000 cash in the bank. Total liabilities are $1,371,600, including salaries for 5 employees and $1 million in bank loans. Investors have provided $5,441,170 in capital. For the first 8 months, the company has generated $15,514 in total revenue but incurred $42,922 in monthly expenses, resulting in a net loss of $499,550 so far.

    Original Description:

    Original Title

    balance income statement 2

    Copyright

    © © All Rights Reserved

    Available Formats

    XLSX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    The company owns a Cesna 208 Caravan aircraft valued at $6,067,350. Total assets are $6,872,770, including furniture, banking software, ATMs, and $600,000 cash in the bank. Total liabilities are $1,371,600, including salaries for 5 employees and $1 million in bank loans. Investors have provided $5,441,170 in capital. For the first 8 months, the company has generated $15,514 in total revenue but incurred $42,922 in monthly expenses, resulting in a net loss of $499,550 so far.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    22 views3 pages

    Balance Income Statement 2

    Uploaded by

    api-254943820
    The company owns a Cesna 208 Caravan aircraft valued at $6,067,350. Total assets are $6,872,770, including furniture, banking software, ATMs, and $600,000 cash in the bank. Total liabilities are $1,371,600, including salaries for 5 employees and $1 million in bank loans. Investors have provided $5,441,170 in capital. For the first 8 months, the company has generated $15,514 in total revenue but incurred $42,922 in monthly expenses, resulting in a net loss of $499,550 so far.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 3

    Assets

    Cesna 208 Caravan

    $6,067,350

    Furniture & Equipment

    $16,000

    Banking Software

    $83,420

    ATMs
    Deposit
    Cash in Bank
    Total Assests

    $676,000
    $6,000
    $600,000
    $6,872,770

    Liabilities and Capital


    Manager
    Accounting Specialist

    $45,000
    $175,000

    Member Service Rep(2)

    $50,000

    Teller(2)

    $44,000

    Attorney's Fess

    $57,600

    Bank Loans

    $1,000,000

    Total Liabilities

    $1,371,600

    Investors

    $5,441,170

    Cash in Bank
    Total Capital

    $600,000
    $5,501,170

    Total Liabilities and Capital

    $6,872,770

    January
    Revenue
    Costumer Sales
    Total Revenue
    Expenses
    Technology Cost
    Security
    Accounting Specialist(5)
    Teller (2)
    Atornney's Fees
    Member Service Rep (2)
    Manager
    Rent
    Cessena 208 Caravan (3)
    Utilities
    Advertising

    Total Expenses
    Net Income

    $1,222
    $1,222

    $7,785
    $166
    $14,583
    $3,666
    $4,800
    $4,166
    $3,750
    $2,500
    $222
    $950
    $334
    $42,922
    -$499,550

    February March April


    $1,252
    $1,252

    $1,262
    $1,262

    $1,281
    $1,281

    May
    $1,290
    $1,290

    June

    July

    $1,320 $1,283
    $1,320 $1,283

    August
    $1,226
    $1,226

    $7,785 $7,785 $7,785 $7,785 $7,785 $7,785


    $7,785
    $166
    $166
    $166
    $166
    $166
    $166
    $166
    $14,583 $14,583 $14,583 $14,583 $14,583 ###### $14,583
    $3,666 $3,666 $3,666 $3,666 $3,666 $3,666
    $3,666
    $4,800 $4,800 $4,800 $4,800 $4,800 $4,800
    $4,800
    $4,166 $4,166 $4,166 $4,166 $4,166 $4,166
    $4,166
    $3,750 $3,750 $3,750 $3,750 $3,750 $3,750
    $3,750
    $2,500 $2,500 $2,500 $2,500 $2,500 $2,500
    $2,500
    $222
    $222
    $222
    $222
    $222
    $222
    $222
    $950
    $950
    $950
    $950
    $950
    $950
    $950
    $334

    $334

    $334

    $42,922 $42,922 $42,922

    $334

    $334

    $334

    $334

    $42,922 $42,922 $42,922

    $42,922

    September October November December Total Month


    $1,295
    $1,295

    $1,326
    $1,326

    $1,370
    $1,370

    $1,384
    $1,384

    $15,514
    $15,514

    $7,785
    $166
    $14,583
    $3,666
    $4,800
    $4,166
    $3,750
    $2,500
    $222
    $950

    $7,785
    $166
    $14,583
    $3,666
    $4,800
    $4,166
    $3,750
    $2,500
    $222
    $950

    $7,785
    $166
    $14,583
    $3,666
    $4,800
    $4,166
    $3,750
    $2,500
    $222
    $950

    $7,785
    $166
    $14,583
    $3,666
    $4,800
    $4,166
    $3,750
    $2,500
    $222
    $950

    $93,420
    $1,992
    $174,996
    $43,992
    $57,600
    $49,992
    $45,000
    $30,000
    $2,664
    $11,400

    $334

    $334

    $334

    $334

    $4,008

    $42,922

    $42,922

    $42,922

    $42,922

    $515,064

    You might also like