RNDM COMPU

Purchases 64285.72
Purchase Discount 48.21
Purchase Returns and Allowances 3214.29 61023.22

Beginning Inventory 57790 47013.22

Ending Inventory 71800

Sales 73848.22
Sales Discount 1255.04 72593.18
Sales Returns etc

63000
7790
70790
 Alfresco Marketing
Trial Balance

Debits Credits
Cash in Bank 31,032.50
Petty Cash Fund 2,000.00
Accounts Receivable 28,965.00
Merchandise Inventory, Beginning 57,790.00
Furniture and Equipment 71,620.00
Accumulated Depreciation - Furniture and Equipment 612.50
Delivery Equipment 90,000.00
Accumulated Depreciation - Delivery Equipment 2,667.00
Deposit For Rent 10,000.00
Deposit for Utilities 2,000.00
Accounts Payable 36,900.00
Notes Payable 15,120.00
SS and EC Premiums Payable 1,786.60
MCR Premiums Payable 662.50
Pag-IBIG Premiums Payable 500.00
Withholding Tax Payable 2,703.90
Input Tax 7,322.78
Output Tax 8,711.17
Mabuhay, Capital 274,510.00
Mabuhay, Personal 200.00
Sales 73,848.22
Sales Discount 1,255.04
Purchases 64,285.72
Purchase Discount 48.21
Purchase Returns and Allowances 3,214.29
Gas and Oil 500.00
Salaries Expense 53,000.00
Supplies Expense 313.35
Repairs and Maintenance Expense 1,000.00
Totals 421,284.39 421,284.39
Accounts Balance Sheet
Debits Credits
Cash in Bank 26,485.00
Petty Cash Fund 94.65
Accounts Receivable 28,965.00
Furniture and Equipment 71,620.00
Accumulated Depreciation - Furniture and Equipment 1,482.75
Delivery Equipment 90,000.00
Accumulated Depreciation - Delivery Equipment 4,000.00
Deposit For Rent 10,000.00
Deposit for Utilities 2,000.00
Accounts Payable 36,900.00
Notes Payable 15,120.00
SS and EC Premiums Payable 5,582.00
MCR Premiums Payable 1,325.00
Pag-IBIG Premiums Payable 1,000.00
Withholding Tax Payable 2,703.90
Mabuhay, Capital 223,908.91
Prepaid Supplies 250.00
Cash on Hand 3,847.50
Rent Payable 10,000.00
Utilities Payable 1,500.00
VAT Payable 1,388.39
Interest Payable 151.20
Merchandise Inventory, End 71,800.00
BALANCES 305,062.15 305,062.15
Accounts Unadjusted Trial Balance Adjustments
Debits Credits Debits
Cash in Bank 31,032.50
Petty Cash Fund 2,000.00
Accounts Receivable 28,965.00
Merchandise Inventory, Beginning 57,790.00
Furniture and Equipment 71,620.00
Accumulated Depreciation - Furniture and Equipment 612.50
Delivery Equipment 90,000.00
Accumulated Depreciation - Delivery Equipment 2,667.00
Deposit For Rent 10,000.00
Deposit for Utilities 2,000.00
Accounts Payable 36,900.00
Notes Payable 15,120.00
SS and EC Premiums Payable 1,786.60
MCR Premiums Payable 662.50
Pag-IBIG Premiums Payable 500.00
Withholding Tax Payable 2,703.90
Input Tax 7,322.78
Output Tax 8,711.17 8,711.17
Mabuhay, Capital 274,510.00
Mabuhay, Personal 200.00
Sales 73,848.22
Sales Discount 1,255.04
Purchases 64,285.72
Purchase Discount 48.21
Purchase Returns and Allowances 3,214.29
Gas and Oil 500.00 350.00
Salaries Expense 53,000.00
Supplies Expense 313.35 58.00
Repairs and Maintenance Expense 1,000.00 1,247.35
Totals 421,284.39 421,284.39

SS and EC Premium Expense 3,795.40

MCR Premium Expense 662.50
PAG-IBIG Premium Expense 500.00
Rent Expense 10,000.00
Utilities Expense 1,500.00
Depreciation Expense-Furniture and Equipment 870.25
Depreciation Expense-Delivery Equipment 1,333.00
Prepaid Supplies 250.00
Bank Charges 700.00
Cash on Hand 3,847.50
Interest Expense 151.20
Rent Payable
Utilities Payable
VAT Payable
Interest Payable
Merchandise Inventory, End 71,800.00
Income and Expense Summary
BALANCES 105,776.37
NET LOSS-DEBIT
BALANCES
Adjustments Adjusted Trial Balance Balance Sheet Income Statement
Credits Debits Credits Debits Credits Debits
4,547.50 26,485.00 26,485.00
1,905.35 94.65 94.65
28,965.00 28,965.00
57,790.00 57,790.00
71,620.00 71,620.00
870.25 1,482.75 1,482.75
90,000.00 90,000.00
1,333.00 4,000.00 4,000.00
10,000.00 10,000.00
2,000.00 2,000.00
36,900.00 36,900.00
15,120.00 15,120.00
3,795.40 5,582.00 5,582.00
662.50 1,325.00 1,325.00
500.00 1,000.00 1,000.00
2,703.90 2,703.90
7,322.78

274,510.00 274,510.00
200.00 200.00
73,848.22
1,255.04 1,255.04
64,285.72 64,285.72
48.21
3,214.29
850.00 850.00
53,000.00 53,000.00
371.35 371.35
2,247.35 2,247.35

3,795.40 3,795.40
662.50 662.50
500.00 500.00
10,000.00 10,000.00
1,500.00 1,500.00
870.25 870.25
1,333.00 1,333.00
250.00 250.00
700.00 700.00
3,847.50 3,847.50
151.20 151.20
 10,000.00 10,000.00 10,000.00
1,500.00 1,500.00 1,500.00
1,388.39 1,388.39 1,388.39
151.20 151.20 151.20
71,800.00 71,800.00
71,800.00 71,800.00
105,776.37 504,573.96 504,573.96 305,262.15 355,663.24 199,311.81
50,401.09
355,663.24 355,663.24 199,311.81
Income Statement
Credits

73,848.22

48.21
3,214.29
 71,800.00
148,910.72
50,401.09
199,311.81
 ALFRESCO MARKETING Co.
STATEMENT OF FINANCIAL POSITION
As of June 30, 2011

ASSETS

Notes
CURRENT ASSETS
Cash and Cash Equivalents 3 30,427.15
Accounts Receivable 4 28,965.00
Merchandise Inventory 5 71,800.00
Prepaid Supplies 250.00
TOTAL CURRENT ASSETS 131,442.15 131,442.15

NONCURRENT ASSETS
Property, Plant and Equipment 6 156,137.25
Other Assets 7 12,000.00
TOTAL NONCURRENT ASSETS 168,137.25 168,137.25

TOTAL ASSETS 299,579.40 299,579.40

LIABILITIES AND EQUITY

CURRENT LIABILITIES
Accounts Payable 8 36,900.00
Notes Payable 15,120.00
Interest Payable 151.20
SS and EC Premiums Payable 9 5,582.00
MCR Premiums Payable 9 1,325.00
Pag-IBIG Premiums Payable 9 1,000.00
Withholding Taxes Payable 9 2,703.90
VAT Payable 10 1,388.39
Rent Payable 10,000.00
Utilities Payable 1,500.00
TOTAL CURRENT LIABILITIES 75,670.49 75,670.49

Mariano Mabuhay, Capital 223,908.91 223,908.91

TOTAL LIABILITY AND EQUITY 299,579.40 299,579.40

 ALFRESCO MARKETING
STATEMENT OF PROFIT OR LOSS AND COMPREHENSIVE INCOME
For the month ended June 30,2011

Notes
Sales, NET 11 72,593.18
Less: Cost of Goods Sold 12 47,013.22
GROSS PROFIT 25,579.96 25,579.96

Expenses:
Gas and Oil 850.00
Salaries Expense 53,000.00
Supplies Expense 371.35
Repairs and Maintenance Expense 2,247.35
SS and EC Premium Expense 3,795.40
MCR Premium Expense 662.50
PAG-IBIG Premium Expense 500.00
Rent Expense 10,000.00
Utilities Expense 1,500.00
Depreciation Expense 13 2,203.25
Interest Expense 151.20
Bank Charges 700.00
Total Expenses 75,981.05 75,981.05

NET INCOME (or -LOSS) -50,401.09

 ALFRESCO MARKETING
STATEMENT OF CHANGES IN EQUITY
For the month ended June 30, 2011

Mariano Mabuhay, Capital, June 1 244,510.00

Add: Additional Investment 30,000.00
Net Income - 30,000.00
Deduct: Net Loss 50,401.09
Withdrawals 200.00 50,601.09
Mariano Mabuhay, Capital, June 30 223,908.91
 ALFRESCO MARKETING CO
STATEMENT OF CASH FLOWS
For the month ended June 30, 2011

CASH FLOWS FROM OPERATING ACTIVITIES

Cash Received from Customers 68,914.35

Cash Paid to Suppliers - 39,996.00
Cash Paid for Expenses - 75,621.10
TOTAL CASH OUTFLOW FROM OPERATING ACTIVITIES - 46,702.75 - 46,702.75

CASH FLOWS FROM FINANCING ACTIVITIES

Cash disbursed for Capital withdrawal - 200.00

TOTAL CASH OUTFLOW FROM FINANCING ACTIVITIES - 200.00 - 200.00

NET CASH OUTFLOW - 46,902.75

Cash and Cash Equivalents, beginning 77,330.00
CASH AND CASH EQUIVALENTS, END 30,427.25
 ALFRESCO MARKETING
BANK RECONCILIATION STATEMENT
For the period ended June 30, 2011

Bank Name:

Balance Per Book: P 26,485.00

Add: Credit Memoranda None
Deduct: Debit Memoranda None
Add or Deduct: Errors None
Adjusted Balance Per Book: P 26,485.00
LFRESCO MARKETING
ECONCILIATION STATEMENT
period ended June 30, 2011

Filipinas Bank

Balance Per Bank Statement: P 46,285.01

Add: Deposits in Transit None
Deduct: Outstanding Checks P 19,800.00
Add or Deduct: Errors P 0.01
Adjusted Balance per Bank: P 26,485.00
 ALFRESCO MARKETING
STATEMENT OF ACCOUNTS RECEIVABLE

Entity Amount Due

International Supermarket P 8,550.00
Vasquez Grocery P 11,100.00
Paula’s Mini Mart P 3,015.00
Fairview Grand Hotel P 6,300
TOTAL P 28,965.00

ALFRESCO MARKETING
STATEMENT OF ACCOUNTS PAYABLE

Supplier Amount owed

Ever Bright Candles 5,400
Nature’s Best Products 11,700
Wonder Care Beauty Products 19,800
TOTAL P 36,900.00