Based on the information below, please conduct a balance sheet (one year projection) Equipment/Capital Costs Purchase of business: $100.000 Start-up capital: $100,000 Food equipment: $150,000 Startup Costs License: $1.500 Permits: $1,000 Rental lease costs (rent advance/deposit): $25,000 Computer equipment: $5,000 Computer software: $25,000 Phones: $4,500 Insurances: $30,000 Uniforms: $2,000 PPE: $3,000 Flyers/Business Cards: $500 Total: $63,000 Security system: S6,000 Total: $390,500

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Based on the information below, please conduct a balance sheet (one year projection)
Equipment/Capital Costs
Purchase of business: $100,000
Start-up capital: $100,000
Food equipment: $150,000
Startup Costs
License: $1,500
Permits: $1,000
Rental lease costs (rent advance/deposit):
$25,000
Insurances: $30,000
Uniforms: $2,000
Computer equipment: $5,000
Computer software: $25,000
Phones: $4,500
PPE: $3,000
Flyers/Business Cards: $500
Total: $63,000
Security system: S6,000
Total: $390,500
Transcribed Image Text:Based on the information below, please conduct a balance sheet (one year projection) Equipment/Capital Costs Purchase of business: $100,000 Start-up capital: $100,000 Food equipment: $150,000 Startup Costs License: $1,500 Permits: $1,000 Rental lease costs (rent advance/deposit): $25,000 Insurances: $30,000 Uniforms: $2,000 Computer equipment: $5,000 Computer software: $25,000 Phones: $4,500 PPE: $3,000 Flyers/Business Cards: $500 Total: $63,000 Security system: S6,000 Total: $390,500
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