Mrs. Happy is going to open a cakeshop. She has got CZK 200 000 from her savings, which she wants to invest into her business and she has also received a bank loan in the amount of CZK 50 000. She bought the equipment (CZK 150 000). CZK 50 000 she spent on the necessary material (sugar, flour, marzipane...). She also bought a small electric scooter for CZK 30 000 to deliver her cakes. The space for the shop will be rented and she will pay the rent immediately in the month she uses the space i.e. June rent will be paid in June etc. 1) Prepare the opening balance sheet of Mrs. Happy. Do not forget to comply with the European or the American

Mrs. Happy is going to open a cakeshop. She has got CZK 200 000 from her savings, which she wants to invest into her business and she has also received a bank loan in the amount of CZK 50 000. She bought the equipment (CZK 150 000). CZK 50 000 she spent on the necessary material (sugar, flour, marzipane...). She also bought a small electric scooter for CZK 30 000 to deliver her cakes. The space for the shop will be rented and she will pay the rent immediately in the month she uses the space i.e. June rent will be paid in June etc. 1) Prepare the opening balance sheet of Mrs. Happy. Do not forget to comply with the European or the American

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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