Question by King D: 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

Featured answer:

Answer by SDD
The whole bottom list are expense items. They don’t go on a balance sheet.

Answer by Wing
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.

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