Profit & Loss Statement
Jan 1, 2008 – Aug 30, 2008
Ordinary Income/Expense | ||||
Income | ||||
GNT Revenue | $1,935.00 | |||
Interest | $23.95 | |||
NAOP Revenue | $1,000.00 | |||
PV Regional Revenues | $36,584.00 | |||
Regional Tournament Fees | $6,687.80 | |||
Scorecard Revenues | $21,495.40 | |||
STAC Receipts | $11,960.00 | |||
Total Income | $79,686.15 | |||
Expense | ||||
ACBL Labels | $20.00 | |||
Awards | $720.33 | |||
GNT Subsidy | $3,000.00 | |||
Good Will | $1,020.00 | |||
NAOP Expenses | $262.48 | |||
Postage and Delivery | $12.53 | |||
PV Regional Expenses | $32,048.43 | |||
Scorecard Expenses | ||||
Postage | $7,070.00 | |||
Printing | $6,920.20 | |||
Salary | $11,788.50 | |||
Total Scorecard Expenses | $25,778.70 | |||
STAC Expenses | $9,940.79 | |||
Web Hosting | $288.30 | |||
Total Expense | $73,091.56 | |||
Net Ordinary Income | $6,594.59 | |||
Net Income | $6,594.59 |
Balance Sheet
As of Aug 30, 2008
ASSETS | |||||
Checking/Savings | |||||
JP Morgan Chase | $14,365.79 | ||||
Money Market | $16,054.55 | ||||
Scorecard Bank Account | $15,735.36 | ||||
Total Checking/Savings | $46,155.70 | ||||
Other Current Assets | |||||
Accounts Receivable - general | $365.00 | ||||
Accounts Receivable - Scorecard | $6,612.10 | ||||
Pre-paid Web Hosting | $85.25 | ||||
PV hotel deposit | $1,000.00 | ||||
Total Other Current Assets | $8,062.35 | ||||
Total Current Assets | $54,218.05 | ||||
TOTAL ASSETS | $54,218.05 | ||||
LIABILITIES & EQUITY | |||||
Liabilities | |||||
Current Liabilities | |||||
Other Current Liabilities | |||||
Accounts Payable - general | $9,082.00 | ||||
Accounts Payable - Scorecard | $20,801.25 | ||||
Total Other Current Liabilities | $29,883.25 | ||||
Total Current Liabilities | $29,883.25 | ||||
Total Liabilities | $29,883.25 | ||||
Equity | |||||
Opening Bal Equity | $14,892.77 | ||||
Retained Earnings | $2,847.44 | ||||
Net Income | $6,594.59 | ||||
Total Equity | $24,334.80 | ||||
TOTAL LIABILITIES & EQUITY | $54,218.05 |