Wednesday, July 11, 2007

Step 18 - part 2

Today I cashed bank draft. Currently, the amount cashed (300.50 USD) is in my foreign currency account. Cost of cashing the bank draft it was 57.50 HRK. I expected higher cost, and was very nicely surprised. I pay the fee from My Doubling Adventure's cash balance. I plan to withdraw deposited funds tomorrow in my local currency.

Also, today I delivered 6 used books to a customer that bought them via auction site. I got 150 HRK for them.

Yesterday I opened casino account at one new casino. I deposited 100 EUR and got 25 EUR bonus. Since I don't have enough cash currently in My Doubling Adventure and since I pay it with my debit card I accounted this transaction as taking a loan from myself. I also increased My Doubling Adventure's assets for the same amount (Casino accounts).

I added some additional items to my inventory.... one used book and 4 packages of office paper, and posted them on the auction site.

And here is my updated balance sheet...

Assets


Cash 300.00
Foreign currency 1,607.68
Incoming Checks 2,217.35
Business Loan 2,144.00
Inventory 309.13
Accounts receivable 92.00
Casino accounts 730.00


Total assets 7,400.16




Liabilities


Auction fees 16.50
Loan 730.00


Total liabilities 746.50




Net worth 6,653.66


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