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End Year 1 Worksheet Accounting
- 1. Transaction DescriptionCashInventorySuppliesPrepaid InsurancePrepaid RentBusiness LicenseCooking EquipmentDishesDecorationsFurnitureContributed CapitalRetained EarningsStart up Balance$16,185$14,000$1,500$1,455$4,740$120$12,500$2,000$1,500$6,000$60,000$ -Annual Revenue$254,400254,400Purchased Inventory(100,156)100,156Purchased Supplies(5,452)5,452Supplies Used(4,452)(4,452)Annual Building Rent(18,960)(18,960)Annual Advertising(6,180)(6,180)Cost of Goods Sold(100,656)(100,656)Salary Plus Taxes(35,020.80)(35,020.80)Wages Plus Taxes(61,560)(61,560)Depreciation(1,571.40)(650.04)(178.56)(785.76)(3,185.76)Annual Insurance(5,820)(5,820)Annual Utilities(9,183.36)(9,183.36)Annual Equipment Rent(840)(840)Other Fixed Expense(360)(360)Other Variable Expense(1,475.52)(1,475.52)Business License(120)(120)Balance -End Year 1$25,457.32$13,500$2,500$1,455$4,740$120$10,928.60$1,349.96$1,321.44$5,214.24$60,000$6586.56<br />
