Question
jan 2020 Issued stock for cash 2000 Cash loan 5yr 8%int 5000 Car lease pymt -500 Paid dividend shareholder -50 Monthly loan pymt -101 Delivery
jan 2020
Issued stock for cash 2000
Cash loan 5yr 8%int 5000
Car lease pymt -500
Paid dividend shareholder -50
Monthly loan pymt -101
Delivery bags -200
Flyer cost -103
Logo design -400
Advertising -1442
Monthly app service -300
Fundraiser donation -50
Customer late meal -40
Car wash -45
Gas for car -946
Car oil -75
Earned delivery fee 4960
| 2021 | 2020 | ||||
| Assets | |||||
| Cash | $ 6,000.00 | $ - | |||
| Accounts Receivable | $ 400.00 | $ - | |||
| Total current assets | $ 6,400.00 | $ - | |||
| Vehicle | $ 14,000.00 | $ - | |||
| Less: Accumulated Depreciation | $ (2,800.00) | $ - | |||
| Net Fixed Assets | $ 11,200.00 | $ - | |||
| Total Assets | $ 17,600.00 | $ - | |||
| Liabilities | |||||
| Accounts Payable | $ 261.00 | $ - | |||
| Loan Payable | $ - | $ - | |||
| Total Liabilities | $ 261.00 | $ - | |||
| Equity | |||||
| Common Stock | $ 12,000.00 | $ - | |||
| Retained Earnings | $ 3,968.00 | $ - | |||
| Total Stockholders' Equity | $ 15,968.00 | $ - | |||
| Total Liabilities and Stockholders' Equity | $ 16,229.00 | $ - | |||
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Entrepreneurship
Authors: Andrew Zacharakis, William D Bygrave
5th Edition
1119563097, 9781119563099
