Reference no: EM132968112
Question - Using the Given Information, create a Balance Sheet for an electric transport company that has not started business.
Projected Sales 1.3 million
Cash in hand 600,000
Cost of Trucks 800,000. 100,000 depots upfront.
Insurance cost $25,000 annual.
8% interest paid each month on trucks.
Charging station cost 50,000
Office rent $1,200 each month
Utilities $500 each month.
Employees salary $460,000
3 owners each own 33.3% of the company
Add other expenses that might not be mentioned but remember this is a small business that has not yet started.
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