Assumption:

You are starting your own restaurant business and have personally saved $100,000 over the years to invest in it. You decide to form a corporation for your new business with you as the only stockholder owning 100% of the shares of stock.

Based on your research, you really need $200,000 in total cash to purchase everything you need prior to opening this restaurant.

Question(s):

Prior to the official opening of your restaurant:

Please list assets and liabilities you will need to buy or establish prior to opening your restaurant.

Please describe what types of expenses may be necessary (to incur) prior to opening the restaurant.

Please describe how these assets, liabilities and expense affect Owner's or Stockholder's Equity in your companys books.