PROBLEM # 1

MAJESTIC LIMO
BALANCE SHEET
March 31, 1994
ASSETS
CASH
A/C RECIEVEABLE
SUPPLIES
AUTOMOBILES

LIABILITY
19000 A/C PAYABLE
41000 NOTE PAYABLE
7000 INTREST PAYABLE
96000

24000
86000
5000
$115,000.00

JOHN, CAPITAL

$48,000.00

$163,000.00

$163,000.00

PROBLEM # 2
GEORGE
BALANCE SHEET
December 31, 1994
ASSETS
CASH
A/C RECIEVEABLE

LIABILITY
18,150 A/C PAYABLE
28,350 NOTE PAYABLE

21,900
97,500
$119,400.00

LAND
BUILDING
OFFICE EQUIPMENT

135,000
1,085,000
15,100 GEORGE, CAPITAL

$1,281,600.00

$1,162,200.00

$1,281,600.00

PROBLEM # 3
PEARL BEACH RESORT
BALANCE SHEET AS ON DECEMBER 31, 1994
December 31, 1994
ASSETS

LIABILITY

CASH
A/C RECIEVEABLE

14,600 A/C PAYABLE

4,800 NOTE PAYABLE

FURNISHING
SAILBOATS

29,100
15,200

LAND
BUILDING
OFFICE EQUIPMENT

13,500
320,000
$333,500.00

210,000
225,000
9,200 GEORGE, CAPITAL

$174,400.00

$507,900.00

$507,900.00

PROBLEM # 4A
TIGER
BALANCE SHEET
June 30, 1994
ASSETS
CASH
A/C RECIEVEABLE
NOTE RECIEVEABLE
ANIMALS
COSTUMES
TENTS
Cages
TRUCKS
WAGONS

PROP ANDEQUIPMENT

LIABILITY
21,680 A/C PAYABLE
8,900 NOTE PAYABLE
2,400 SALARIES PAYABLE
126,040
21,000
42,000
16,400
42,460
28,100

59,720 TIGER HAYES, CAPITAL

$368,700.00

17,400
120,000
6,500
143,900

$224,800.00

$368,700.00

PROBLEM # 4B
TIGER
BALANCE SHEET
June 30, 1994
ASSETS
CASH
A/C RECIEVEABLE
NOTE RECIEVEABLE
ANIMALS
COSTUMES
TENTS
Cages
TRUCKS
WAGONS

PROP ANDEQUIPMENT

LIABILITY
21,680 A/C PAYABLE
8,900 NOTE PAYABLE
2,400 SALARIES PAYABLE
126,040
21,000
30,800
16,400
42,460
28,100

59,720 TIGER HAYES, CAPITAL

$357,500.00

17,400
120,000
6,500
143,900

$213,600.00

$357,500.00

PROBLEM # 5
THE ORIGINAL MALT SHOP
BALANCE SHEET
September 30, 1994
ASSETS
CASH
A/C RECIEVEABLE
SUPPLIES
FURNITURE & FIXTURE
LAND
BUILDING
T.L

LIABILITY
7,400 A/C PAYABLE
1,250 NOTE PAYABLE
3,440
20,000
KAY MARTIN CAPITAL
55,000
45,500
132,590

8,500
70,000

54,090

132,590

PROBLEM # 6
MYSTERY MOUNTAIN LODGE
BALANCE SHEET
December 31, 1994
ASSETS
CASH
A/C RECIEVEABLE
SNOW MOBILE
FURNITURE

LIABILITY
19,300 A/C PAYABLE
7,800 NOTE PAYABLE
15,700 T.L
47,800
DANIAL, CAPITAL

LAND
BUILDING
EQUIPMENT

35,800
339,000
374,800
145,200

115,000
296,000
18,400

T.L

$520,000.00

$520,000.00

PROBLEM # 7
VALENCIA FARMS
BALANCE SHEET
December 30, 1995
ASSETS
CASH
A/C RECIEVEABLE
Barns & Sheds

LIABILITY
9,285 A/C PAYABLE
12,425 NOTE PAYABLE
43,500 WAGES PAYABLE
Property Taxes
42,600 Payable
11,180 T.L
18,650
67,100
WALTER, CAPITAL

CITRUS TREES
IRRIGATION SYSTEM
FENCES AND GATES
LIVESTOCK

LAND
MACHINERY
T.L

305,000
23,872
$533,612.00

42,830
295,000
1,010
5,075
343,915

189,697

$533,612.00

PROBLEM # 4B
TIGER
BALANCE SHEET
June 30, 1994
ASSETS
CASH
A/C RECIEVEABLE
NOTE RECIEVEABLE
ANIMALS
COSTUMES
TENTS
Cages
TRUCKS
WAGONS

PROP ANDEQUIPMENT

LIABILITY
21,680 A/C PAYABLE
8,900 NOTE PAYABLE
2,400 SALARIES PAYABLE
126,040
21,000
30,800
16,400
42,460
28,100

59,720 TIGER HAYES, CAPITAL

$357,500.00

17,400
120,000
6,500
143,900

$213,600.00

$357,500.00