FRA Assignment

Lone Pine Café

Athena Chowdhury PGP13047 Section A

Balance Sheet for Lone Pine Café as of Nov 2, 2009

Liability Assets
Capital Amount Fixed Assets Amount
Mr. Henry Antoine 16000 Equipment 53200
Mrs. Henry Antoine 16000
Mrs. Sandra Landers 16000 Current Assets
Food & Beverage A/c 2800
Unsecured Loans Checking A/c 10172
Loans 21000 Prepaid Licence fees 1428
Cash Register 1400

Total 69000 Total 69000

Balance Sheet for Lone Pine Café as of Mar 30, 2010

Liability Assets
Capital Amount Fixed Assets Amount
Mr. Henry Antoine 11811 Equipment 50755
Mrs. Henry Antoine 11812
Mrs. Sandra Landers 11812 Current Assets
Food & Beverage A/c 2430
Unsecured Loans Checking A/c 1030
Loans 18900 Prepaid Licence fees 833
Creditors 1583 Cash Register 870

Total 55918 Total 55918

Conclusion-

The partners would not have been able to receive their shares as each owner has a different share of
capital and two of the three partners have stopped working for the café.