Lone Pine Café

Balance Sheet
As at
Nov 02, 2009 March 30, 2009
Assets:
Equipment 53,200 53,200
Cash Register 1,400 1,400
Total Fixed assets 54,600 54,600
Less:Accumulated Depreciation 0 -2,445

Inventory (F and B) 2,800 2,430

Licence 1,428 833
Cash and Cash Equivalent 10,172 1,341
Acc Receivable 870

Total Assets 69,000 57,629

Equity:
Mr. Henry Antoine 16,000 12,382
Mrs. Henry Antoine 16,000 12,382
Mrs. Sandra Landers 16,000 12,382

Total Equity 48,000 37,146

Liability:
Bank Loan 21,000 18,900

Accounts Payable 1,583

Total Liability 21,000 20,483

Total Shareholder's Equity and Liability 69,000 57,629

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 Lone Pine Café
Statement of Profit and Loss
For the period Nov-March
Revenue 44,350

Expenses:
Monthly payments to partners 23,150
Wages to part-time employees 5,480
Interest 540
Food and beverage suppliers 11969
Telephone and electricity 3,270
Miscellaneous 255
Rent payment 7,500

Depreciation 2,445
Licence Expesne 595

Total Expenses 55,204

Net Income -10,854

`=2800+10016+1583-2430 11969