This is the opening position for the start of the cash flow

Electric Bike Store Pty Ltd
Balance Sheet as at 30th September 2023
ASSETS
Current Assets
Cash at Bank		$29,350.00
Accounts Receivable		$28,190.00
Inventory		$11,000.00
Prepaid Insurance		$1,750.00
Stationery Supplies		$450.00
Total Current Assets			$70,740.00
Non-current Assets
Computers	$6,000.00
Accumulated Depreciation - Office Computers	($1,500.00)	$4,500.00
Warehouse Equipment	$21,000.00
Accumulated Depreciation - Warehouse Equip.	($11,400.00)	$9,600.00
Total Non-current Assets			$14,100.00
TOTAL ASSETS			$84,840.00
LIABILITIES
Current Liabilities
Accounts Payable		$21,200.00
Wages Payable		$1,024.00
Telecommunication payable		$350.00
Total Current Liabilities		$22,574.00
Non-current Liabilities
TOTAL LIABILITIES			$22,574.00
NET ASSETS			$62,266.00
OWNER'S EQUITY
Share Capital		$60,000.00
Retained Earnings		$2,266.00
TOTAL EQUITY			$62,266.00

Electric Bike Store Pty Ltd Income Statement For the two months ended 30 November 2023
INCOME
Sales -	91,683.00
TOTAL INCOME		91,683.00
COST OF SALES
Cost of Goods Sold	54,856.00
TOTAL COST OF SALES		54,856.00
GROSS PROFIT		36,827.00
EXPENSES
Wages Expense	23,888.00
Rent Expense	3,600.00
Mobile Phone Expenses	350.00
Electricity expense	0.00
Insurance Expense	700.00
Advertising Expense	0.00
Vehicle Expense	225.00
Cleaning Expense	0.00
Stationery Expense	75.00
Utilities Expense	0.00
Depreciation Expense	800.00
Loss on the sale of assets	300.00
Interest Expense	75.00
TOTAL EXPENSES		30,013.00
NET PROFIT/(LOSS)		6,814.00

Electric Bike Store Pty Ltd
Balance Sheet
as at 30th November 2023
ASSETS
Current Assets
Cash at Bank		$114,367.00
Accounts Receivable		$0.00
Inventory		$1,840.00
Prepaid Rent		$0.00
Prepaid Insurance		$1,050.00
Stationery Supplies		$375.00
Total Current Assets			$117,632.00
Non-current Assets
Computers	$6,000.00
Accumulated Dep'n - Office Computers	($1,900.00)	$4,100.00
Forklift	$11,400.00
Accumulated depreciation Forklift	($100.00)	$11,300.00
Total Non-current Assets			$15,400.00
TOTAL ASSETS			$133,032.00
LIABILITIES
Current Liabilities
Accounts Payable		$25,000.00
Wages Payable		$1,152.00
Mobile Phone Payable		$0.00
Prepaid Revenue		$23,300.00
Total Current Liabilities		$49,452.00
Non-current Liabilities
Loan - ABC Bank		$14,500.00
TOTAL LIABILITIES			$63,952.00
NET ASSETS			$69,080.00
OWNER'S EQUITY
Share Capital		$60,000.00
Retained Earnings		$9,080.00
TOTAL EQUITY			$69,080.00

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