Current balance sheet of My Doubling Adventure project....
| Assets | |
| Cash | 205.00 |
| Foreign currency | 3,809.05 |
| Incoming checks | 1,084.72 |
| Accounts receivable | 372.00 |
| Inventory | 204.82 |
| Business loan | 2,144.00 |
| Total assets | 7,819.59 |
| Liabilities | |
| Auction fees | 34.50 |
| Check cashing fees | 57.50 |
| Loan | 70.00 |
| Total liabilities | 162.00 |
| Net worth | 7,657.59 |
My third casino play finished with 49 EUR profit. It is about 357.21 HRK. I requested withdrawal from casino account with bank draft. Fees for cashing the check are 57.50 HRK, so net profit of this venture is 299.71 HRK. I also got bids for 11 products I have listed on the auction site.
| Assets | |
| Cash | 404.70 |
| Foreign currency | 1,607.68 |
| Received checks | 2,217.35 |
| Incoming checks | 1,086.21 |
| Accounts receivable | 356.00 |
| Inventory | 130.32 |
| Business loan | 2,144.00 |
| Total assets | 7,946.26 |
| Liabilities | |
| Auction fees | 33.00 |
| Postal fees | 15.00 |
| Check cashing fees | 115.00 |
| Loan | 330.00 |
| Total liabilities | 493.00 |
| Net worth | 7,453.26 |
Net worth of My Doubling Adventure didn't changed much since last post. Changes are primarily in the structure of assets and liabilities.
| Assets | |
| Cash | 402.70 |
| Foreign currency | 1,607.68 |
| Received checks | 2,217.35 |
| Business loan | 2,144.00 |
| Inventory | 218.82 |
| Accounts receivable | 170.00 |
| Casino accounts | 730.00 |
| Total assets | 7,490.55 |
| Liabilities | |
| Auction fees | 16.50 |
| Postal fees | 15.00 |
| Check cashing fees | 57.50 |
| Loan | 330.00 |
| Total liabilities | 419.00 |
| Net worth | 7,071.55 |
Sold 3 of my haiku books for 75 HRK each. Received payment for 4 second-hand books I sold on online auction, together with postal fee associated with ending those books via postal system. I plan to send them on Monday. Following types of incomes increased assets of my doubling project: doubling income tax (140 HRK), saved amount from business trip traveling allowance (170 HRK). There were also some smaller amount incomes in form of donations, rounding ups and savings.
Current Balance Sheet....
| Assets | |
| Cash | 324.20 |
| Cash in bank | 400.00 |
| Foreign currency | 1,607.68 |
| Received checks | 2,217.35 |
| Business loan | 2,144.00 |
| Inventory | 198.82 |
| Accounts receivable | 245.00 |
| Casino accounts | 730.00 |
| Total assets | 7,867.05 |
| Liabilities | |
| Auction fees | 16.50 |
| Postal fees | 15.00 |
| Check cashing fees | 57.50 |
| Loan | 730.00 |
| Total liabilities | 819.00 |
| Net worth | 7,048.05 |
Received check from second casino, amount 205.50 GBP. I also add check cashing fees in my liabilities section. I will do the same thing next time in the moment when someone issue check to me. Also, received 6 of my haiku books.
| Assets | |
| Cash | 307.20 |
| Foreign currency | 1,607.68 |
| Received checks | 2,217.35 |
| Business loan | 2,144.00 |
| Inventory | 310.13 |
| Accounts receivable | 92.00 |
| Casino accounts | 730.00 |
| Total assets | 7,408.36 |
| Liabilities | |
| Auction fees | 16.50 |
| Check cashing fees | 57.50 |
| Loan | 730.00 |
| Total liabilities | 804.00 |
| Net worth | 6,604.36 |
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 |
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 |
