336_hw1 - John Coleman SuperBad's Diner Statement of Income...

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John Coleman SuperBad's Diner Statement of Income Food Sales 82,000 Food Inventory Jan. 1 2500 Food Purchases 31000 Food Inventory Dec. 31 1500 Food Cost 32000 Food Revenue 50,000 Depreciation Expense 4000 Rent 2200 Salaries and Wages 18000 Employee Benefits 1800 Repairs/Maintenance 1200 Direct Operating Expense 4800 Admin/General Expense 2000 Marketing 1600 Energy/Utilities 2400 Total Expense 38000 Total Income 12000
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John Coleman SuperBad's Diner Balance Sheet Current Assets Cash 6000 Inventory Food 1500 Inventory Supplies 500 Prepaid Insurance 600 Deposit Electric Company 200 Total 8800 Non-current Assets Building Less Accum. Dep. 22500 Equipment Less Accum. Dep. 10500 Fixtures Less Accum Dep. 8200 Land Less Accum. Dep. 6000 Total 47200 Totals Assets 56000 Liabilities and Owners Equity Accounts Payable 2200 Accrued Wages Payable 3000 Accrued Employee Benefits Pay. 1200 Mortgage Short Term 800 Notes Payable on Bank 14800 Mortgage Payable Long-Term 8000 Owner's Capital Account Jan. 1 25000 Total 55000 Retained Earnings 1000 Total Liabilities and Owner's Equity 56000
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This note was uploaded on 03/31/2008 for the course HRIM 336 taught by Professor Kelley,pauljohn during the Fall '08 term at Penn State.

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336_hw1 - John Coleman SuperBad's Diner Statement of Income...

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