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Paper Types
- Admission Essay
- Annotated Bibliography
- Application Essay
- Article
- Article Critique
- Article Review
- Article Writing
- Assessment
- Book Review
- Business Plan
- Business Proposal
- Capstone Project
- Case Study
- Coursework
- Cover Letter
- Creative Essay
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- Dissertation - Conclusion
- Dissertation - Discussion
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- Advertising
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- African-American Studies
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- APA
- Archaeology
- Architecture
- Art
- Asian History
- Asian Literature
- Astronomy
- Aviation
- Biology
- Business
- Canadian Studies
- Chemistry
- Chicago/Turabian
- Classic English Literature
- Communication Strategies
- Communications and Media
- Company Analysis
- Computer Science
- Creative Writing
- Criminal Justice
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- Design
- Drama
- E-commerce
- Earth science
- East European Studies
- Ecology
- Economics
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- Education Theories
- Educational Theories
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- Engineering and Technology
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- Ethics
- Family and Consumer Science
- Fashion
- Finance
- Food Safety
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- Geology
- Harvard
- Healthcare
- High School
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- Holocaust
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- IT Management
- Journalism
- Latin-American Studies
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- Legal Issues
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- Literature
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- Marketing
- Master's
- Mathematics
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- Music
- Native-American Studies
- Natural Sciences
- Nature
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- Nutrition
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- Paintings
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- Pharmacology
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- Philosophy
- Physics
- Political Science
- Psychology
- Public Relations
- Relation of Global Warming and Extreme Weather Condition
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- Science
- Shakespeare
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- Sociology
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- Statistics
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Lawn Business to Earn Income, Essay Example
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Abstract
This paper is in response to a written prompt about a student named Doug Maltbee who formed a lawn business to earn income during the summer. The purpose of this short essay is to determine whether or not Doug’s business was successful. To determine Doug’s success, an income statement will be created and a classified balance sheet will be created.
Maltbee Lawn Services
Income Statement
| Revenue | $1,000 |
| Startup Capital
|
$1,000
$400 is Doug’s Cash $600 is Doug’s Father’s loan |
| Less: | |
| Supply Payments | $400 |
| Misc. Supplies | $50 |
| Paid Employee Wages | $1,900 |
| Owed Wages | $200 |
| Trailer | $300 |
| Doug’s Cash Withdrawals | $460 |
| Loan Repayment | $600 |
| Owed Payments from Customers | $500 |
| Ending Balance | $690 |
| Lawn Mower | $600 |
| Lawn Mower Repair | $300 |
| Lawn Mower Refund | $300 |
| Net Income | $490 |
Maltbee Lawn Services
Classified Balance Sheet
August 31, 2010
Assets
Current Assets
Cash $690
Accounts Receivable $0
Supplies $1,350
Total Current Assets $2,040
Liabilities
Current Liabilities
Accounts Payable $200
Unearned Revenues $500
Total Liabilities $700
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