Week 1-3 financial report

Income

  • $90.50 admission contributions
  • $15 drink sales
  • $16.45 marketing material contributed

Total income: $121.95

Expenses

  • $16.45 marketing materials, printing, tacks, plastic bags
  • $69.24 rent
  • $2.25 foam cups
  • $5.12 cost of drinks sold

Total expenses: $93.06
Net income: $28.89

Assets

  • $73.50 Petty cash
  • $11.27 Drink inventory
  • $25 Held by Mark in trust

Total assets: $109.77

Liabilities

  • $69.24 rent
  • $11.64 owed to Mark

Total liabilities: $80.88
Net worth: $28.89

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