In early December Alice and Bob decided to open Sample Cafe with $16,000 of their own money and $20,000 borrowed from a friend. They have spent $12,000 on equipment and furniture, and they have purchased $3,100 worth of cups for cash which they expect will be used over the next three months. Having put down a $2,400 deposit for a location on Main St., they will pay the first months rent when they open their doors on January 1.

In the balance sheet template below, fill in the appropriate values as of December 31.

Asset Account	Value	Liability/Equity Account	Value
Cash	$	Accounts Payable	$
Accounts Receivable	$	Long-Term Liabilities	$
Inventory	$	Total Liabilities	$
Furniture & Equipment	$	n/a	n/a
Accumulated Depreciation*	$	Paid-in Capital	$
Deposit	$	n/a	n/a
Total Assets	$	Total Liabilities & Equity	$

* Input Accumulated Depreciation as a negative value.