Monday, July 9, 2007

Step 18

Got bank draft for 300.50 USD today from first casino I played. I will take it to my bank tomorrow or day after tomorrow to cash it out. Now I'm ready to open account in new casino in order to make some additional profits.

As I have my own non-doubling capital invested in the private deal in Philippines, as well as 300 USD of my doubling capital, I decided to purchase additional 100 USD with my doubling capital from my non-doubling balance. That transaction increased Business Loan account in My Doubling Adventure's balance sheet.

Here is My Doubling Adventure's current balance sheet...

Assets


Cash 170.00
Incoming Checks 2,217.35
Received Checks 1,610.68
Business Loan 2,144.00
Inventory 263.63
Accounts receivable 242.00
IOU 12.00


Total assets 6,659.66




Liabilities


Auction fees 16.50


Total liabilities 16.50




Net worth 6,643.16



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