could make me graph this finincal plan?

Question

Financial Plan
Balance Sheet
Current Assets:
Building $150,000
5 computer $5,995

Furnishings $5,000 if I go for a good atmosphere, you’ll need more than that probably, unless you get money from the government (you are promoting culture in the end!)
Equipment $1,000
Cash
Arlene $5,000
April $4,500
Accounts Receivable
None
Inventory
Coffee $1,000
Tea $500
Other Assets
Cups $3,000
Total Current Assets
$24,005
Liabilities:
Accounts Payable (monthly)
Water $200
Phone $150
Electric $500
Donut Vendor $1,000
Warehouse Club $1,000
Coffee Distributor $1,000
Wages $5,000
Advertising $1,000
Taxes Payable
Property Taxes $500
Employee Taxes $2,000
Operating Loans Payable
Startup Loan $500
Printer $ 97
Total Liabilities
$12,947 on going per month
Projected Income
March 05
Coffee $6,000
Tea $2,000
Cookies $1,500
Donuts $2,500
Misc. $4,000
Total Income for March
$16,000
Total Projected Net Profit (Cost/Benefit)
$3,150 for March
This would assume 20 pots of coffee sold a day, plus an assortment of other items. This also assumes the market will not increase or decrease due to weather or economics. This would be an average month.

Answer 1

NO WAY! Do you know what you're asking? How many people out here enjoy doing all that work for NOTHING? No recognition, no money, no anything!

And why would the government provide any kind of funding to a coffee-related business? I'm not trying to put down this plan, but let's be logical.

But since I am normally very nice and I love accounting, I'll provide some help:

Are you listing what should be a real balance sheet? If so, is the balance sheet part supposedly in order? I'm just wondering because I think owner's equity is in the wrong spot. I see what you're doing with that in regards to cash, but you do not detail the balance of the O/E accounts there. I'll give you this: Arlene's and April's O/E accounts should be at the bottom after total liabilities. If their combined balances are the cash balance, use that figure for the cash account balance.

A building is not a current asset; it's a fixed asset. Same goes for the computers.

Answer 2

Looks like homework.

Answer 3

sorry you are cutting into my beer time!!!