Citizen Printer

How can i classify the following items into a balance sheet. Also how can i do an estimated sales revenue?

Required Funds and Their Uses Sources of Funds: Loan $891,471 *Loan repayment for 10yrs. At 7% interest Owners capital $105,000.03 Tiana’s church donation $220,000 Tiana’s parents donation $150,000 Adria’s church donation $200,000 Adria’s family donation $8,000 Chelsea’s family donation $10,000 Anthony’s family donation $15,000 Total Start up cost for the year: $1,601,471.03 Rent $120,000 Kitchen equipment rent $24,000 Utilities $114,000 Telephone line installment $2,000 Insurance $30,000 POS Systems $12,000 Uniforms $924 Small wares $6,000 Menus $4,500 Food vendor $204,000 Liquor & Beverages $180,000 Cable installment $680 Legal Fees $72,000 Accountant $48,000 License and permits $7,800 Computer $527.88 Internet, phone, & cable package $1,305.48 Office supplies $1,384.56 All in one fax & printer $109.99 Marketing $18,050 Entertainment $24,000 Linens $3000 Salary $160,000 Wages $541,920 Payroll $25,269.12 Subtotal $1,601,471.03

Public Comments

1. The whole bottom list are expense items. They don't go on a balance sheet.
2. Majority of the loan and interest goes into Long-term Liability, except repayment within 12 months and interest payment of that portion goes into Current Liability. All the donations and owner's capital are Equity. All the expenses (bottom list) go to Income Statement, instead of Balance Sheet. Use the Income Statement and the top list to build the Cash Flow Statement which gives you the end-of-period cash value for Cash (Current Asset) entry of the Balance Sheet. You may also want to check whether any of the expense in the bottom list are Fixed Assets with Amortization and Depreciation (Balance Sheet items). For Estimated Sales Revenue -- is this a current business? If so, you have an idea of how much sales the business is generating. From there, pick a measuring unit, say, sales per square foot per operating day and you have a base number to work with for the estimate. You can play with different percentage increase (decrease) from the base number, add seasonal effects, increase (decrease) expenses based on sales etc.... depending on how you want to do it, which is not very clear from the way you post the question. hope this help.