Cash On hand

Cash In Bank
Petty Cash Fund
A/R- intl market
A/R- vazquez grocry
merchndise
prepaid supplies
ff
acc dep
delivery eqp
accdep
depo rent
depo uti
ap colgate
ap evergreen
sss
pagibig
philhealth
tax
vat
rent pay
uti pay
capital

55330.2
20000
2000
3856.92
3374.14
43917.3
313.35
26500
650
90000
3000
10000
2000
5730.45
14536.05
3152
1000
825
1633.58
2058.15
10000
1500
213206.7
257291.9 257291.9

7,268.03

A/P- colgate
5,730.45

5,730.45

A/P- evergreen
7,268.02
528.00
7,268.03

14,536.05
11,759.33
25,962.31

15,064.05

52,257.69
37,193.64

Notes Payable
5,124.00

5,124.00

SS and EC Payable

PH payable

Pag-ibig Payable

3,152.00

3,152.00
3,152.00

825.00

825.00
825.00

1,000.00

1,000.00
1,000.00

3,152.00

6,304.00
3,152.00

825.00

1,650.00
825.00

1,000.00

2,000.00
1,000.00

Withholding Taxes payable

1,633.58

1,633.58
816.79
816.79

1,633.58

3,267.16
1,633.58

Rent Payable
10,000.00

10,000.00

Utilities Payable
1,500.00

Utilities Payable
1,500.00

Creditable income tax withheld

500.00

500.00

VAT payable
2,058.15

2,058.15
443.25

443.25

Output tax
8.26
18.13
4.75

31.14

input tax

153.60
1,208.54
558.69
49.80
1,031.25
679.49
154.20
565.59
612.90
142.80

1,259.93
107.14
53.57
549.00

5,156.86
5,125.72

4,751.32
4,682.47

12.28
56.57

2,781.68

68.85

Mabuhay, Capital

Mabuhay,Drawing

Sales

213206.68
36000

200

1280
10071.15
4655.8
415
8593.79
5662.42
1285
4713.26
5107.49
1190

249206.68

200

42973.91

sales discount
68.87

Purchases

Purchases returns and allowances

10499.4
23180.63

471.43

33680.03

471.43

151.07
34.84

254.78

purchase discount

Supplies Expense

Rent expense

102.33

250

10000

102.33

250

10000

utilities expense
1500
552.05

1500

2052.05

1500

552.05

Repair and maint expense

Gas and oil

892.86

446.43

892.86

446.43

Salaries Expense

SS and EC premium expense

Medicare premium expense

13670.71
15683.21
816.79
816.79

3152

825

30987.5

3152

825

dicare premium expense

Pag-ibig Premium Expense

1000

1000

income statement

a. SS and EC premium expense

Pag-ibig premium expense
Medicare premium expense
salaries expense

2052
412.5
500
2,012.50
SS and EC premiums payable
Pag-ibig premiums payable
Philhealth premiums payable

b. rent expense

3152
825
1000
10000

rent payable
utilities expense

10000
1500

utilities payable
c. depreciation - delivery equipment

1500
1500

accumulated depreciation -delivery equipment

1500

depreciation - furniture and equip

accumulated depreciation -furniture and equip

832.19
832.19

d. bank charges

700
cash in bank

e. supplies expense

700
63.35

prepaid supplies
f. prepaid supplies
repair and maintenance expense
gas and oil
input tax

63.35
275
710.1
312.5
155.7

petty cash fund

1453.3

g. output tax

5125.72
input tax
VAT Payable

h. interest expense

4,682.47
443.25
51.24

interest payable

51.24

i.

inventory end
pra
pd
cos

44890.61
102.33
471.43
32,132.96
purchases
inventory beginning

j.

cash on hand

33680.03
43917.3

1,939.98
cash in bank

1,939.98

BUENO MARKETING
Income Statement
For the month ended June 30,2006

1
5
3
8
12
4
11
10
2
6
7
9
13

Sales
Less: Sales Discount
Net Sales
Less: Cost of Sales
Gross Profit from Sales
Less: Expenses
Salaries Expense
Repair and Maintenance Expense
Utilities Expense
Gas and Oil
Supplies Expense
SS and EC premium expense
Pag-ibig premium expense
Medicare premium expense
Rent expense
depreciation - delivery equipment
depreciation - furniture and equip
bank charges
interest expense
Net Loss

P 42,973.91
254.78
P 42,719.13
32,132.96
10,586.17
33,000.00
1,602.96
2,052.05
758.93
313.35
2,052.00
412.50
500.00
10,000.00
1,500.00
832.19
700.00
51.24

53,775.22
P 43,189.05

BUENO MARKETING
Capital Statement
June 30,2006

Mabuhay, Capital, June 1, 2006

Less:
Mabuhay, Personal
Net Loss
Mabuhay, Capital. June 30, 2006

200.00
43,189.05

249,206.68
43,389.05
P 205,817.63

BUENO MARKETING
Balance Sheet
June 30,2006
Assets
Current Assets:
Cash on Hand
Cash in bank
Petty Cash Fund
Accounts Receivable - note 1
Merchandise inventory, June 30, 2006
Prepaid Supplies
Total Current Assets
Non-Current Assets
Delivery Equipment
Less: Accumulated Depreciation -Delivery Equipment
Furniture and Equipment
Less: Accumulated Depreciation- Furniture and Equipment
Deposit for Rent
Deposit for Utilities
Total Non-Current Assets
Total Assets

Liabilities and Owner's Equity

Liabilities
Accounts Payable- Evergreen
Notes Payable
Withholding Taxes payable
SS and EC premiums payable

3,272.78
36,261.67
546.70
18,245.07
44,890.61
275.00

90,000.00
4,500.00
67,075.00
1,482.19
10,000.00
2,000.00

37,193.64
5,124.00
1,633.58
3,152.00

Pag-ibig premiums payable

Philhealth premiums payable
Rent payable
utilities payable
VAT payable
Less: Input Tax
interest payable
Total Liabilities

825.00
1,000.00
10,000.00
1,500.00
443.25
155.70
51.24

Owner's Equity
Mabuhay, Capital. June 30, 2006
Total Liabilities and Owner's Equity

Note 1
A/R- international supermarket
A/R- Vazques Grocery
A/R- Pandong
A/R Fairview Grand Hotel

4,290.29
7,218.78
4,756.43
1,979.57
18,245.07

103,491.83

163,092.81
266,584.64

60,767.01

205,817.63
266,584.64

BUENO MARKETING
CLOSING ENTRIES

Date
2010

DEC

Particulars
Closing Entries:
1) Gross Profit from Sales
Income and expense Summary
to close the credit accounts
2) Income and Expense Summary
Salaries Expense
Repair and Maintenance Expense
Utilities Expense
Gas and Oil
Taxes and Licenses Expense
Supplies Expense
SS and EC premium expense
Pag-ibig premium expense
PH premium expense
Rent expense
depreciation Expense
bank charges
interest expense
to close the debit accounts
3) Income and Expense Summary
Mabuhay, Capital
to close profit to capital
4) Mabuhay, Capital
Mabuhay, Personal
to close drawing to capital

Debit

Credit

42,973.96
42,973.96

54,418.12
33,000.00
1,602.96
2,052.05
758.93
107.14
550.00
2,382.00
500.00
412.50
10,000.00
2,301.30
700.00
51.24

11,444.16
11,444.16

200.00
200.00

BUENO MARKETING
POST CLOSING TRIAL BALANCE

Debit
Cash On Hand
Cash In Bank
Petty Cash Fund
Accounts Receivable
Merchandise Inventory
Prepaid Supplies
Furniture And Equipment
Accumulated Depreciation - Furniture
Delivery Equipment
Accumulated Depreciation -Equipment
Deposit for Rent
Deposit for Utilities
Accounts Payable
Notes Payable
Withholding Tax Payable
Utilities Payable
Interest Payable
Mabuhay, Capital
Totals

Credit

37,232.13
546.70
18,245.07
44,890.61
38.35
67,075.00
1,451.30
90,000.00
4,500.00
10,000.00
2,000.00

270,027.86

37,193.63
5,124.00
1,000.24
1,500.00
51.24
249,510.02
300,330.43

BUENO MARKETING
Statement of Financial Position
As of June 30, 2010

Assets
Cash On Hand
Cash In Bank
Petty Cash Fund
Accounts Receivable
Merchandise Inventory
Prepaid Supplies
Furniture And Equipment
Accumulated Depreciation - Furniture
Delivery Equipment
Deposit for Rent
Deposit for Utilities
Total Assets:

37,232.13
546.70
18,245.07
44,890.61
38.35
67,075.00
90,000.00
10,000.00

Liabilities:
Accounts Payable
Utilities Payable
Notes Payable
Total Liabilities:
Owner's Equity:
Flores, Capital
Total Owner's Equity:
Total Liabilities and Owner's Equity:

2,000.00
164,270
33,200
150,000
347,470
625,650
625,650
973,120

MJ Dry Cleaning Services

Statement of Financial Performance
As of June 30, 2010

Revenue:
Service Fees
Expenses:
Utilities Expense
Supplies Expense
Rent Expense
Wages Expense
Net Income

120,450
33,200
21,400
12,000
7,500

(74,100)
46,350