Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Balance Sheet and Income Statement for a fake buffet-style restaurant with child's play area Assets Current Assets: Cash $0 Accounts Receivable $0 Less: Reserve for

Balance Sheet and Income Statement for a fake buffet-style restaurant with child's play area

Assets
Current Assets:
Cash $0
Accounts Receivable $0
Less: Reserve for Bad Debts 0 0
Merchandise Inventory 0
Prepaid Expenses 0
Notes Receivable 0
Total Current Assets $0
Fixed Assets:
Vehicles 0
Less: Accumulated Depreciation 0 0
Furniture and Fixtures 0
Less: Accumulated Depreciation 0 0
Equipment 0
Less: Accumulated Depreciation 0 0
Buildings 0
Less: Accumulated Depreciation 0 0
Land 0
Total Fixed Assets 0
Other Assets:
Goodwill 0
Total Other Assets 0
Total Assets $0
Liabilities and Capital
Current Liabilities:
Accounts Payable $0
Sales Taxes Payable 0
Payroll Taxes Payable 0
Accrued Wages Payable 0
Unearned Revenues 0
Short-Term Notes Payable 0
Short-Term Bank Loan Payable 0
Total Current Liabilities $0
Long-Term Liabilities:
Long-Term Notes Payable 0
Mortgage Payable 0
Total Long-Term Liabilities 0
Total Liabilities 0
Capital:
Owner's Equity 0
Net Profit 0
Total Capital 0
Total Liabilities and Capital $0

Revenue:
Gross Sales $0.00
Less: Sales Returns and Allowances $0.00
Net Sales $0.00
Cost of Goods Sold:
Beginning Inventory $0.00
Add: Purchases $0.00
Freight-in $0.00
Direct Labor $0.00
Indirect Expenses $0.00
$0.00
Less: Ending Inventory $0.00
Cost of Goods Sold $0.00
Gross Profit (Loss) $0.00
Expenses:
Advertising $0.00
Amortization $0.00
Bad Debts $0.00
Bank Charges $0.00
Charitable Contributions $0.00
Commissions $0.00
Contract Labor $0.00
Credit Card Fees $0.00
Delivery Expenses $0.00
Depreciation $0.00
Dues and Subscriptions $0.00
Insurance $0.00
Interest $0.00
Maintenance $0.00
Miscellaneous $0.00
Office Expenses $0.00
Operating Supplies $0.00
Payroll Taxes $0.00
Permits and Licenses $0.00
Postage $0.00
Professional Fees $0.00
Property Taxes $0.00
Rent $0.00
Repairs $0.00
Telephone $0.00
Travel $0.00
Utilities $0.00
Vehicle Expenses $0.00
Wages $0.00
Total Expenses $0.00
Net Operating Income $0.00
Other Income:
Gain (Loss) on Sale of Assets $0.00
Interest Income $0.00
Total Other Income $0.00
Net Income (Loss) $0.00
Just made up number to which seem realistic Just looking for a sample of what these number should look like

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management Accounting Information for creating and managing value

Authors: Kim Langfield Smith, David Smith, Paul Andon, Ronald Hilton, Helen Thorne

8th edition

9781760420413 , 978-1760420406

More Books

Students also viewed these Accounting questions

Question

Do not get married, wait until I come, etc.

Answered: 1 week ago

Question

Do not come to the conclusion too quickly

Answered: 1 week ago

Question

Engage everyone in the dialogue

Answered: 1 week ago