Balance Sheet

M&K Resto and Cafe

As at 31 March 2020
31 MAR 2020

Assets
Bank
Cash 25,736.60
Total Bank 25,736.60

Current Assets
Accounts Receivable 39,160.80
Maintenance Supplies 126.78
Office Supplies 3,294.64
Total Current Assets 42,582.22

Fixed Assets
Accum. Depr.-Office Equipment (5,363.67)
Accum. Depr.-Vehicle (18,024.17)
Office Equipment 18,870.00
Vehicles 116,207.14
Total Fixed Assets 111,689.30

Total Assets 180,008.12

Liabilities
Current Liabilities
Accounts Payable 19,098.00
Accrued Expenses (710.00)
Value Added Tax 1,978.32
Total Current Liabilities 20,366.32

Total Liabilities 20,366.32

Net Assets 159,641.80

Equity
Current Year Earnings 11,596.80
M&K, Capital 162,975.00
M&K, Drawing (4,000.00)
Retained Earnings (10,930.00)
Total Equity 159,641.80

Balance Sheet M&K Resto and Cafe