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Capital Reserves: Reserves established by the bakery for specific purposes, such as expansion, contingencies, or future investments.
Owner's Equity
Donated Capital: Contributions from the owner(s) or investors in the form of assets, services, or cash for the bakery's benefit.
Owner's Equity
Retained Earnings: The cumulative profits earned by Baker's Haven Bakery that have not been distributed to the owner(s) as dividends. Retained earnings increase over time as the bakery generates profits.
Owner's Equity
Owner's Initial Investment: The initial capital contributed by the bakery's owner(s) to start and establish the business.
Owner's equity
Convertible Bonds: Bonds that can be converted into the bakery's common stock at a predetermined conversion price.
Long term liability
Deferred Tax Liabilities: Liabilities arising from differences between the bakery's financial and tax accounting methods that will result in higher taxes in the future.
Long term liability
Owner Financing: Loans provided by the bakery's owners or investors to support the business's long-term growth or development.
Long term liability
Bakery Equipment Financing: A long-term financing arrangement specifically for acquiring or upgrading bakery equipment.
Long Term liability
Credit Card Payable: Balances owed on business credit cards for ingredient or equipment purchases.
Current liability
Interest Payable: Interest owed on short-term loans or credit lines used for business financing.
Current liability
Loan Payments Due: Scheduled payments for short-term loans taken out to finance equipment purchases or business expansion.
Current liability
Accrued Wages: Employee salaries and wages that have been earned but not yet paid at the end of the accounting period.
Current liability
Short-Term Loans: Borrowed funds with a repayment term of less than one year to cover temporary working capital needs.
Current liability
Accounts Payable: Money owed to suppliers and vendors for ingredients, packaging materials, and equipment purchases.
Current Liability
Long term investments
Fixed Asset
Furniture: Tables and chairs for the bakery's seating area, creating a comfortable atmosphere for customers.
Fixed Asset
Delivery Vehicle: A bakery-owned delivery van used to transport goods to local retailers or for catering events.
Fixed Asset
Refrigeration Units: Large commercial refrigerators and freezers to store ingredients, perishable goods, and finished products.
Fixed Asset
Bakery Equipment: Industrial-grade ovens, mixers, dough sheeters, and proofing cabinets used in the production of baked goods.
Fixed Asset
Amounts received from customers who have placed advance orders for custom cakes or pastries for upcoming events, securing their orders.
Current Asset
Payments made in advance to suppliers for large ingredient orders to secure future deliveries.
Current Asset
Funds set aside in a money market account that the bakery can quickly access for operational needs.
Current Asset
Payments made in advance for business expenses like rent for the bakery space, insurance, and utility bills.
Current Asset
pre-packaged pastries, cookies, and cakes that are ready for sale on the bakery's shelves.
Current Asset
Ingredients like flour, sugar, eggs, butter, and flavorings that the bakery has in stock to create its products.
Current Asset
Money owed to the business from other businesses for services
Current Asset
$5500 cash in the business checking account
Current Asset
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