Thursday, July 5, 2007

Step 17 - part 6

Today I completed transaction and got 25 HRK for book I sold via auction site. I added 140 HRK to my doubling project as doubling income tax. Still didn't have time to go to the ATM to pick it up in cash, but I issue an IOU to my doubling project. Also, I borrowed some change from my doubling project and issued IOUs for that with interest (10% minimum). In addition, I started to collect plastic bottles. I can get 0.50 HRK for each plastic bottle. Currently I have 5 bottles, and I added their value under Inventory in my balance sheet.

Assets


Cash 373.00
Incoming Checks 3,834.19
Business Loan 1,608.00
Inventory 270.13
IOUs 153.00


Total assets 6,238.32




Liabilities


Total liabilities 0.00




Net worth 6,238.32


So, new net worth of My Doubling Adventure is 6,238.32 HRK.


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