Documente Academic
Documente Profesional
Documente Cultură
dr cr dr cr
CASH IN BANK ₱ 887,680.20 8400 1200
PETTY CASH FUND ₱ 20,000.00 3810
CHANGE FUND ₱ 3,000.00
ACCOUNTS RECEIVABLE ₱ 74,144.00
ALLOWANCE FOR DOUBTFUL ACCOUNTS ₱ 4,500.00 792.8
NOTES RECEIVABLE ₱ 50,000.00
INTEREST RECEIVABLE 2675
ADVANCES TO EMPLOYEES
CASH DEPOSIT - ANGELES ELECTRIC CORP. ₱ 15,000.00
MERCHANDISE INVENTORY ₱ 340,000.00
STORE SUPPLIES 1300
OFFICE SUPPLIES 900
PREPAID INSURANCE ₱ 40,500.00 18000
LAND ₱ 500,000.00
BUILDING ₱ 1,500,000.00
ACCUMULATED DEPRECIATION-BUILDING ₱ 262,500.00 70000
REPAIR EQUIPMENT AND TOOLS ₱ 273,500.00
ACCUMULATED DEPRECIATION-REP EQUIPT & TOOLS ₱ 72,000.00 20433.33
STORE EQUIPMENT ₱ 180,000.00
ACCUMULATED DEPRECIATION - STORE EQUIPMENT ₱ 67,500.00 18000
FURNITURE AND FIXTURES ₱ 100,000.00
ACCUMULATED DEPRECIATION-FURN & FIXT ₱ 37,500.00 10000
ACCOUNTS PAYABLE ₱ 210,280.00 8400
NOTES PAYABLE
LOAN PAYABLE ₱ 200,000.00
VAT PAYABLE ₱ 48,464.40
UTILITIES PAYABLE 14900
INTEREST PAYABLE 6000
SSS & EC PREMIUMS PAYABLE ₱ 7,640.00
PHILHEALTH PREMIUMS PAYABLE ₱ 1,952.50
HDMF PREMIUMS PAYABLE ₱ 800.00
WITHHOLDING TAXES PAYABLE ₱ 1,176.20
NOEL, CAPITAL ₱ 500,000.00
NOEL, DRAWINGS ₱ 203,000.00
SALES ₱ 9,027,960.00
SALES RETURNS AND ALLOWANCES ₱ 70,000.00
SALES DISCOUNT ₱ 14,290.00
SERVICE INCOME ₱ 1,834,800.00
INTEREST INCOME ₱ 5,600.00 2675
OUTPUT TAX
PURCHASES ₱ 6,793,500.00
FREIGHT-IN ₱ 111,500.00 1460
PURCHASES RETURNS AND ALLOWANCES ₱ 160,000.00
PURCHASE DISCOUNT ₱ 15,000.00
INPUT TAX
SALARIES EXPENSE ₱ 962,000.00
UTILITIES EXPENSE ₱ 165,500.00 14900
DEPRECIATION EXPENSE - BUILDING 70000
DEPRECIATION EXPENSE - REPAIR EQUIPT & TOOLS 20433.33
DEPRECIATION EXPENSE - STORE EQUIPMENT 18000
DEPRECIATION EXPENSE - FURNITURE & FIXTURES 10000
INSURANCE EXPENSE 18000
SSS & EC, PH, AND HDMF CONTRIBUTIONS ₱ 74,488.90
DOUBTFUL ACCOUNTS EXPENSE ₱ 5,600.00 792.80
TRANSPORTATION EXPENSE ₱ 10,050.00 800
DELIVERY EXPENSE ₱ 20,270.00 1250
STORE SUPPLIES EXPENSE ₱ 8,000.00 1300
OFFICE SUPPLIES EXPENSE ₱ 5,050.00 900
INTEREST EXPENSE ₱ 21,500.00 6000
BANK CHARGES ₱ 5,500.00 1200
MISCELLANEOUS EXPENSE ₱ 1,600.00 300
LOSS ON SALE OF AN ASSET ₱ 2,000.00
total ₱ 12,457,673.10 ₱ 12,457,673.10
merCHANDISE INVENTORY end 290000
income summary 290000
total 466411.13 466411.13
₱ -
note number 7
ADJUSTED TB ic spf
dr cr dr cr dr
₱ 894,880.20 ₱ 894,880.20
₱ 16,190.00 ₱ 16,190.00
₱ 3,000.00 ₱ 3,000.00
₱ 74,144.00 ₱ 74,144.00
₱ 3,707.20
₱ 50,000.00 ₱ 50,000.00
2675 2675
₱ 15,000.00 ₱ 15,000.00
₱ 340,000.00 ₱ 340,000.00
1300 1300
900 900
₱ 22,500.00 ₱ 22,500.00
₱ 500,000.00 ₱ 500,000.00
₱ 1,500,000.00 ₱ 1,500,000.00
₱ 332,500.00
₱ 273,500.00 ₱ 273,500.00
₱ 92,433.33
₱ 180,000.00 ₱ 180,000.00
₱ 85,500.00
₱ 100,000.00 ₱ 100,000.00
₱ 47,500.00
₱ 218,680.00
₱ 200,000.00
₱ 48,464.40
14900
6000
₱ 7,640.00
₱ 1,952.50
₱ 800.00
₱ 1,176.20
₱ 500,000.00
₱ 203,000.00 ₱ 203,000.00
₱ 9,027,960.00 ₱ 9,027,960.00
₱ 70,000.00 ₱ 70,000.00
₱ 14,290.00 ₱ 14,290.00
₱ 1,834,800.00 ₱ 1,834,800.00
₱ 8,275.00 ₱ 8,275.00
₱ 6,793,500.00 ₱ 6,793,500.00
₱ 112,960.00 ₱ 112,960.00
₱ 160,000.00 ₱ 160,000.00
₱ 15,000.00 ₱ 15,000.00
₱ 962,000.00 ₱ 962,000.00
₱ 180,400.00 ₱ 180,400.00
70000 70000
20433.33 20433.33
18000 18000
10000 10000
18000 18000
₱ 74,488.90 ₱ 74,488.90
4,807.20 4,807.20
10,850.00 ₱ 10,850.00
21,520.00 ₱ 21,520.00
6,700.00 ₱ 6,700.00
4,150.00 ₱ 4,150.00
27,500.00 ₱ 27,500.00
6,700.00 ₱ 6,700.00
1,900.00 ₱ 1,900.00
2,000.00 ₱ 2,000.00
290000 ₱ 290,000.00
290000 290000
₱ 12,897,288.63 ₱ 12,897,288.63 ₱ 8,770,199.43 ₱ 11,336,035.00 ₱ 4,127,089.20
₱ 2,565,835.57
₱ - ₱ 11,336,035.00
spf
cr
₱ 3,707.20
₱ 332,500.00
₱ 92,433.33
₱ 85,500.00
₱ 47,500.00
₱ 218,680.00
₱ 200,000.00
₱ 48,464.40
14900
6000
₱ 7,640.00
₱ 1,952.50
₱ 800.00
₱ 1,176.20
₱ 500,000.00
###
₱ 1,561,253.63
₱ 2,565,835.57
₱ 4,127,089.20
ACCT#. ACCOUNT TITLES DR CR
CASH IN BANK ₱ 894,880.20
PETTY CASH FUND ₱ 16,190.00
CHANGE FUND ₱ 3,000.00
ACCOUNTS RECEIVABLE ₱ 74,144.00
ALLOWANCE FOR DOUBTFUL ACCOUNTS ₱ - ₱ 3,707.20
NOTES RECEIVABLE ₱ 50,000.00 ₱ -
INTEREST RECEIVABLE ₱ 2,675.00 ₱ -
ADVANCES TO EMPLOYEES ₱ - ₱ -
CASH DEPOSIT - ANGELES ELECTRIC CORP. ₱ 15,000.00 ₱ -
MERCHANDISE INVENTORY ₱ 290,000.00 ₱ -
STORE SUPPLIES ₱ 1,300.00 ₱ -
OFFICE SUPPLIES ₱ 900.00 ₱ -
PREPAID INSURANCE ₱ 22,500.00 ₱ -
LAND ₱ 500,000.00 ₱ -
BUILDING ₱ 1,500,000.00 ₱ -
ACCUMULATED DEPRECIATION-BUILDING ₱ - ₱ 332,500.00
REPAIR EQUIPMENT AND TOOLS ₱ 273,500.00 ₱ -
ACCUMULATED DEPRECIATION-REP EQUIPT & TOO ₱ - ₱ 92,433.33
STORE EQUIPMENT ₱ 180,000.00 ₱ -
ACCUMULATED DEPRECIATION - STORE EQUIPMEN ₱ - ₱ 85,500.00
FURNITURE AND FIXTURES ₱ 100,000.00 ₱ -
ACCUMULATED DEPRECIATION-FURN & FIXT ₱ - ₱ 47,500.00
ACCOUNTS PAYABLE ₱ 218,680.00
NOTES PAYABLE ₱ -
LOAN PAYABLE ₱ 200,000.00
VAT PAYABLE ₱ 48,464.40
UTILITIES PAYABLE ₱ 14,900.00
INTEREST PAYABLE ₱ 6,000.00
SSS & EC PREMIUMS PAYABLE ₱ 7,640.00
PHILHEALTH PREMIUMS PAYABLE ₱ 1,952.50
HDMF PREMIUMS PAYABLE ₱ 800.00
WITHHOLDING TAXES PAYABLE ₱ 1,176.20
NOEL, CAPITAL ₱ 2,862,835.57
INPUT TAX
total ₱ 3,924,089.20 ₱ 3,924,089.20
total
income summary Page
DATE ACCOUNTS & EXPLANATION F DR
SALES ₱ 9,027,960.00
SERVICE INCOME ₱ 1,834,800.00
INTEREST INCOME ₱ 8,275.00
PURCHASES RETURNS AND ALLOWANCES ₱ 160,000.00
PURCHASE DISCOUNT ₱ 15,000.00
Income summary
₱ 11,046,035.00
₱ 340,000.00
₱ 70,000.00
₱ 14,290.00
₱ 6,793,500.00
₱ 112,960.00
₱ 962,000.00
₱ 180,400.00
₱ 70,000.00
₱ 20,433.33
₱ 18,000.00
₱ 10,000.00
₱ 18,000.00
₱ 74,488.90
₱ 4,807.20
₱ 10,850.00
₱ 21,520.00
₱ 6,700.00
₱ 4,150.00
₱ 27,500.00
₱ 6,700.00
₱ 1,900.00
₱ 2,000.00
₱ 2,565,835.57
₱ 203,000.00
Noel Auto Supply
Income statemet
for the year end
Assets
current assets
cassh and cash equivalents note(1)
trade and other receivable note(2)
merchandise inventory note(3)
prepaid expenses note(4)
total current Assets
Non current assets
Property and equipment note
other non-current asset(Deposit-AEC)
ASSETS
₱ 894,880.20 CURRENT ASSETS
₱ 123,111.80 CASH & CASH EQUIVALENTS
₱ 3,000.00 TRADE & OTHER RECEIVABLES
22500 MERCHANDISE INVENTORY
148611.8 PREPAID EXPENSES
TOTAL CURRENT ASSETS
₱ 1,995,566.67
₱ 15,000.00 PROPERTY , PLANT & EQUIPMENT
2010566.67 OTHER ASSETS
₱ 4,021,133.34 CASH DEPOSIT-AEC
₱ 4,169,745.14 TOTAL ASSETS
eto tama
OF FINANCIAL POSITION
NOTE 7 1,995,566.67
15,000.00
3,362,448.67
ND OWNER'S EQUITY
₱ 200,000.00
499,613.10
₱ 2,862,835.57
3,362,448.67 -
Notes to financial statement
income statement
note 7
₱ 340,000.00
₱ 6,793,500.00
₱ 112,960.00
₱ 6,906,460.00
Note 9
note 10
cash and cash equivalents
cash in bank ₱ 894,880.20
petty cash fund ₱ 16,190.00
change fund ₱ 3,000.00
Total ₱ 914,070.20
land ₱ 500,000.00
building ₱ 1,500,000.00
less accum dep ₱ 332,500.00 ₱ 1,167,500.00
repauir and equip tools ₱ 273,500.00
less accum dep ₱ 92,433.33 ₱ 181,066.67
store equipment ₱ 180,000.00
less accum dep ₱ 85,500.00 ₱ 94,500.00
furniture and fixtures ₱ 100,000.00
less accum dep ₱ 47,500.00 ₱ 52,500.00
total ppe ₱ 1,995,566.67