Balance Sheet

Bakery Equipment Financing: A long-term financing arrangement specifically for acquiring or upgrading bakery equipment.

Money owed to the business from other businesses for services

Credit Card Payable: Balances owed on business credit cards for ingredient or equipment purchases.

Furniture: Tables and chairs for the bakery's seating area, creating a comfortable atmosphere for customers.

Accrued Wages: Employee salaries and wages that have been earned but not yet paid at the end of the accounting period.

Delivery Vehicle: A bakery-owned delivery van used to transport goods to local retailers or for catering events.

$5500 cash in the business checking account

pre-packaged pastries, cookies, and cakes that are ready for sale on the bakery's shelves.

Payments made in advance to suppliers for large ingredient orders to secure future deliveries.

Funds set aside in a money market account that the bakery can quickly access for operational needs.

Owner's Initial Investment: The initial capital contributed by the bakery's owner(s) to start and establish the business.

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 investments

Short-Term Loans: Borrowed funds with a repayment term of less than one year to cover temporary working capital needs.

Donated Capital: Contributions from the owner(s) or investors in the form of assets, services, or cash for the bakery's benefit.

Amounts received from customers who have placed advance orders for custom cakes or pastries for upcoming events, securing their orders.

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.

Bakery Equipment: Industrial-grade ovens, mixers, dough sheeters, and proofing cabinets used in the production of baked goods.

Interest Payable: Interest owed on short-term loans or credit lines used for business financing.

Convertible Bonds: Bonds that can be converted into the bakery's common stock at a predetermined conversion price.

Ingredients like flour, sugar, eggs, butter, and flavorings that the bakery has in stock to create its products.

Capital Reserves: Reserves established by the bakery for specific purposes, such as expansion, contingencies, or future investments.

Loan Payments Due: Scheduled payments for short-term loans taken out to finance equipment purchases or business expansion.

Accounts Payable: Money owed to suppliers and vendors for ingredients, packaging materials, and equipment purchases.

Owner Financing: Loans provided by the bakery's owners or investors to support the business's long-term growth or development.

Refrigeration Units: Large commercial refrigerators and freezers to store ingredients, perishable goods, and finished products.

Payments made in advance for business expenses like rent for the bakery space, insurance, and utility bills.