1. CASE 2 Smoky Valley Café Case Presented by: Anvesh Lanka Fenella Andrade MalleshGoudar Nipun Jain Masters in European Studies and Management (MESM) 2010-2012 Manipal Centre for European Studies Manipal University, Karnataka, India

3. As of August 12th 1946

4. As of August 15th 1946

5. As of October 1946

6. As of November 1946

7. As of December 16th 1946

8. INCOME STATEMENT Value of assets on Dec 16th (Income) =16303.99 (75.13+100+415.95+16000-322.09) Value of Liabilities on Dec 16th (Expenses) = 17292.01 (6400+10800+92.01) Loss = 16303.99 – 17292.01 = 988.02

9. BALANCE SHEET

10. Equities Contributions to Capital Mrs. Bevan = 2400 Mr. Maywood = 2000 Mrs. Maywood = 2000 Total Loss = 988.02 Equal Split on Loss [1/3] = 329.34 Equities on December 16th Mrs. Bevan = 2400 – 329.34 = 2070.66 Mr. Maywood = 2000 – 329.34 = 1670.66 Mrs. Maywood = 2000 – 329.34 = 1670.66