Tuesday, July 31, 2007

Step 18 - Another Quick Update

I sold foreign currency as I will need it to make another personal loan tomorrow with 10% interest. Loss due to exchange rates and strong kuna is way bellow the amount I will earn in interest, so it was an easy decision.

Assets


Cash 3,752.84
Received checks 1,078.76
Accounts receivable 262.00
Inventory 160.88
Personal loan 1,200.00
Business loan 3,175.86


Total assets 9,630.34




Liabilities


Check cashing fees 57.50
Accounts payable 600.00


Total liabilities 657.50




Net worth 8,972.84

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