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  • Income Statement - LC2

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    Cheenee Otarra
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    This financial document summarizes the cash inflows and outflows of a business. It shows that PHP 2860 was received from LC2 tag sales, PHP 5000 was received as an initial investment, and PHP 3000 was received from shirt sales, for a total cash in of PHP 9500. It outlines PHP 7500 of cash out for shirts and PHP 2000 paid to the initial investor, for a total cash out of PHP 10860, leaving a balance of PHP 1360. It notes an account payable of PHP 3000 to the initial investor and projects future sales of 32 shirts that could generate PHP 8000 and bring total funds to PHP 9360.

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    This financial document summarizes the cash inflows and outflows of a business. It shows that PHP 2860 was received from LC2 tag sales, PHP 5000 was received as an initial investment, and PHP 3000 was received from shirt sales, for a total cash in of PHP 9500. It outlines PHP 7500 of cash out for shirts and PHP 2000 paid to the initial investor, for a total cash out of PHP 10860, leaving a balance of PHP 1360. It notes an account payable of PHP 3000 to the initial investor and projects future sales of 32 shirts that could generate PHP 8000 and bring total funds to PHP 9360.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    27 views1 page

    Income Statement - LC2

    Uploaded by

    Cheenee Otarra
    This financial document summarizes the cash inflows and outflows of a business. It shows that PHP 2860 was received from LC2 tag sales, PHP 5000 was received as an initial investment, and PHP 3000 was received from shirt sales, for a total cash in of PHP 9500. It outlines PHP 7500 of cash out for shirts and PHP 2000 paid to the initial investor, for a total cash out of PHP 10860, leaving a balance of PHP 1360. It notes an account payable of PHP 3000 to the initial investor and projects future sales of 32 shirts that could generate PHP 8000 and bring total funds to PHP 9360.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    of 1

    Sources CASH IN CASH OUT Justification

    Sales from LC2 tags 2860    

    Cheenee Otarra (Initial


    investment for Shirts -
    Utang) 5000    

        7500 Shirts

        2000 Payment to C. Otarra

    Sales from Shirts 3000    

    Total Cash-Out 10860 9500 Total Cash-In

    BALANCE 1360 (Cash on Hand)

    Account Payables:

    3,000 - C. Otarra

    Projections:

    Current Cash 1360

    32 shirts x PHP 250 8000

    Total Funds Raised: 9360

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