You are starting your own restaurant business and have personally saved $100,000 over the years to invest in it.

You really need $200,000 in total cash to purchase everything you need prior to opening this restaurant.

Question(s):

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

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

Please describe how these assets, liabilities and expense affect owners equity in your companys books.