Balance sheet As of March 30th 2006

Deatail Type Cash Land Building Accounts Receivable Retained earning

Cash from Mr Fred Cash from Bill Service fee for lawyer Loan From Bank Buyout Cost for land Demolition Charge Advance from sports boat Sale of boats Compensation to Fred Paid for building Bank loan repaid Fred Salary

F F OP F I F OP OP I F OP

72000 20000 (800) 40000 (72000) 40000 166800 (680) (145000) (42000) (10000) 68320

(800) 72000 9000 13600 145000 (2000) (10000) 81000 Total Asset 145000 13600 307920 166920 180400 (680)

Total

Assumption:

A)Any cost that increase the value of the building/land (not maintenance) must b to the value of land/building. Such as demolotion charge, archi fees, B) If the land is brought along building, seperate cost of building is to be conside seperately. And depriciation be done on building cost only. As land is appreciatin nature.

ch 30th 2006
Bank Loan Equity Mr Advance From Accounts Equity Mr Bill Fred SB Payable

72000 20000 40000

9000 40000 183600 #REF! (40000) 58000 #REF!

72000

20000

40000

9000 307920

d (not maintenance) must be added ge, archi fees, of building is to be considered only. As land is appreciating in

Assets
Cash Land Accounts Building Capital of Capital of Interest Bank Loan receivable Cost Mr Fred Bill owed 72000 20000 40000 72000 9000

72000 20000 (800) 40000 (72000) 40000 (680) (145000) (42000)

145000 (40000)

Retained Earnings

Account Payable

SB Loan

Liablity to supp

(800)

9000 40000 (153000) (680) (2000) 153000

Service fee for lawyer Sale of boats Compensation to Fred Fred Salary Cash from Mr Fred Cash from Bill Loan From Bank Advance from sports boat Bank loan repaid Buyout Cost for land Paid for building

OP OP OP OP F F F F F I I

(800) 166800 (680) (10000) 72000 20000 40000 40000 (42000) (72000) (145000) (217000) (148680)

136640

F F F I OP F OP OP I F OP

72000 20000 40000 (72000) (800) 0 40000 166800 (680) (145000) (42000) (10000) 68320