Sunday, July 8, 2007

Step 17 - part 7

I added some additional books to my doubling inventory. I count that each book has a value of 10 HRK and accounted for that value my Inventory. After that, I sold 7 books on online auction, and for one book the auction is still going on. In total, I moved 8 books from Inventory to Accounts receivable. I sold one book for 20 HRK, 6 for 25 HRK and one is currently at 22 HRK price (the one with auction still going on). I also earned 52 HRK as interest because I borrowed from My Doubling Adventure. We were shopping at the mall and one store didn't have POS terminal and accepted only cash. So I borrowed from My Doubling Adventure and pay it back latter with 10% interest. Nice amount was also added as doubling income tax.

Assets


Cash 634.00
Incoming Checks 3,834.19
Business Loan 1,608.00
Inventory 282.63
Accounts receivable 192.00


Total assets 6,550.82




Liabilities


Auction fees 13.50


Total liabilities 13.50




Net worth 6,537.32



Step 17: Completed!


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