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  • NRTI - Lone Pine Cafe

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    Swati Amrit
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    The balance sheet shows the assets and liabilities of Lone Pine Café as of February 11 and March 30. The liabilities include capital contributions from the owners and a bank loan. Assets include equipment, inventory, an operating license, a cash register, accounts receivable, and cash. The income statement shows revenues from sales and expenses including salaries, wages, costs of goods sold, utilities, rent, and depreciation, resulting in a loss of $10,854 for the 5-month period.

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    NRTI- Lone Pine Cafe

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    The balance sheet shows the assets and liabilities of Lone Pine Café as of February 11 and March 30. The liabilities include capital contributions from the owners and a bank loan. Assets include equipment, inventory, an operating license, a cash register, accounts receivable, and cash. The income statement shows revenues from sales and expenses including salaries, wages, costs of goods sold, utilities, rent, and depreciation, resulting in a loss of $10,854 for the 5-month period.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    3 views2 pages

    NRTI - Lone Pine Cafe

    Uploaded by

    Swati Amrit
    The balance sheet shows the assets and liabilities of Lone Pine Café as of February 11 and March 30. The liabilities include capital contributions from the owners and a bank loan. Assets include equipment, inventory, an operating license, a cash register, accounts receivable, and cash. The income statement shows revenues from sales and expenses including salaries, wages, costs of goods sold, utilities, rent, and depreciation, resulting in a loss of $10,854 for the 5-month period.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    Lone Pine Café (A)

    Balance Sheet as at 2/11 30/3 2/11 30/3


    Liabilities: Assets:
    Capital Mr. A Equipments 53200 50818
    Non-current lia Mrs. A Food & Bev. Inventories 2800 2430
    Mrs. L 48000 37146 Op.Licence 1428 833
    Cash register 1400 1337
    Bank Loan (NCL) 21000 18900 Bank 10172 1030
    Payable to suppliers 1583 Receivables-Ski intructors 870
    current liability Cash-on-hand 311

    69000 57629 69000 57629


    A-18900-1583=
    Loss during 5 months = 48000-37146 -10854 balance of capital ???? = 57629-18900-1583

    Lone Pine (B)


    Income statement for ther period 2/11 to 30/3

    Revenues: Duality
    Sales 43480 Cash
    870 44350 Receivables
    shailesh@iima.ac.in
    Expenses:
    Salaries to partners 23150 Cash
    Wages t employees 5480 Cash
    Interest 540 Cash
    Food & Bev.consumed 11969 Inventories Op. stock+ cash purchase + credit purchase- closing stock
    Telephone & electricity 3270 Cash 2800+10016+1583-2430 = 11969
    Misc. exp 255 Cash
    Rent exp 7500 cash
    Depreciation exp 2445 asset going down
    Op. Lic ex.p 595 55204 Op lic going down

    Loss -10854
    2382.307692
    Cash register gone
    its contents (cash) gone = 311
    0 62.69230769
    Depreciation =2445

    0 Antoine's clothing=750 IGNORE


    1337+311=1648
    Depre-equipt = 2445/(53200+1400)*53200
    Depre-cash reg. = 2445/(53200+1400)*1400

    urchase- closing stock

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