Title | Case Analysis: Lone Pine Cafe (A) |
---|---|
Course | Financial Accounting |
Institution | Lourdes College (Philippines) |
Pages | 3 |
File Size | 72.6 KB |
File Type | |
Total Downloads | 82 |
Total Views | 147 |
Case Analysis for Masters in Business Administration...
Rustine Rose B. Buctuan MBA – 1
1. Lone Pine Café Statement of Financial Position As of November 2, 2005 ASSETS Current Assets Cash Inventory Prepaid Expense Total Current Assets Non-Current Assets Equipment Cash Register Total Non-Current Assets TOTAL ASSETS LIABILITIES Current Liabilities Loans Payable TOTAL LIABILITIES OWNER’S EQUITY Owner’s Equity Mrs. Antoine, Capital Mrs. Landers, Capital Mr. Antoine,Capital TOTAL OWNER’S EQUITY TOTAL LIABILITIES AND OWNER’S EQUITY
$ 10,172 2,800 1,428 $ 14,400 53,200 1,400 $ 54,600 $ 69,000 $ 21,000 $ 21,000
$ 16,000 16,000 16,000 $ 48,000 $ 69,000
2. Lone Pine Café Statement of Financial Position As of March 30, 2006 ASSETS Current Assets Cash Accounts Receivable Inventory Prepaid Expense Total Current Assets Non-Current Assets Equipment Accumulated Depreciation (Equipment) Cash Register Accumulated Depreciation (Cash Register) Total Non-Current Assets TOTAL ASSETS LIABILITIES Current Liabilities Accounts Payable Loans Payable TOTAL LIABILITIES OWNER’S EQUITY Owner’s Equity Mrs. Antoine, Capital Mrs. Landers, Capital Mr. Antoine, Capital TOTAL OWNER’S EQUITY TOTAL LIABILITIES AND OWNER’S EQUITY
$ 1,341 870 2,430 833 $ 5,475 53,200 (2,382) 1,400 (63) $ 52,155 $ 57,629
$ 1,583 18,900 $ 20,483
$ 12,382 12,382 12,382 $ 37,146 $ 57,629
3. Same with number 2, since the date of preparation is March 30, 2006. Mrs. Antoine found out that Mr. Antoine and Mrs. Sanders left on March 31, 2006. Hence, nothing was gone on March 30, yet. Lone Pine Café Statement of Financial Position As of March 30, 2006 ASSETS Current Assets Cash Accounts Receivable Inventory Prepaid Expense Total Current Assets Non-Current Assets Equipment Accumulated Depreciation (Equipment) Cash Register Accumulated Depreciation (Cash Register) Total Non-Current Assets TOTAL ASSETS LIABILITIES Current Liabilities Accounts Payable Loans Payable TOTAL LIABILITIES OWNER’S EQUITY Owner’s Equity Mrs. Antoine, Capital Mrs. Landers, Capital Mr. Antoine, Capital TOTAL OWNER’S EQUITY TOTAL LIABILITIES AND OWNER’S EQUITY
$ 1,341 870 2,430 833 $ 5,475 53,200 (2,382) 1,400 (63) $ 52,155 $ 57,629 $ 1,583 18,900 $ 20,483 $ 12,382 12,382 12,382 $ 37,146 $ 57,629...