Accounts March April May June July

Dr Cr Dr Cr Dr Cr Dr Cr Dr Cr

Cash 1,018,317.40 993,754.80 966,550.20 726,517.60 704,027

Accounts Receivable 167,500 125,000 225,000
Office Supplies 4,500 4,050 5,000 4,500 4,050
Decoration Supplies 45,000 41,000 56,900 39,830 35,847
Prepaid Rent 45,000 30,000 15,000 75,000 60,000
Office Furniture 15,000 15,000 15,000 15,000 15,000
Office Equipment 50,000 50,000 50,000 50,000 50,000
Office Vehicle 500,000 500,000 500,000 500,000 500,000
Accounts Payable 500,000 500,000 250,000
Unearned Revenue 167,500 125,000 225,000
Arejola, Capital 1,000,000 1,177,817.40 1,133,804.80 1,358,450.20 1,410,847.60
Arejola, Drawing
Fees Earned 492,500 292,500 675,000 565,000 225,000
Catering Expense 88,000 110,000 176,000 198,000 66,000
Photo Studio Expense 35,000 50,000 70,000 85,000 30,000
Lights and Sound Expense 45,000 45,000 75,000 85,000 45,000
Depreciation Expense- Vehicle (40%)
Gross Profit 324,500 87,500 354,000 197,000 84,000
Salaries Expense 82,902.60 82,902.60 82,902.60 82,902.60 82,902.60
Wages Expense 3,700 3,700 6,400 8,500 3,000
Utilities Expense 4,000 4,080 4,167 4,250 4,208
Communication Expense 2,900 2,900 2,900 2,900 2,900
Advertising Expense 5,000
Miscellaneous Expense 5,000
Business Permit 9,200
SSS 9,680 9,680 9,680 9,680 9,680
PAGIBIG 1,600 1,600 1,600 1,600 1,600
PHILHEALTH 2,200 2,200 2,200 2,200 2,200

Rent Expense 15,000 15,000 15,000 15,000 15,000

Office Supplies Expense 500 450 405 500 450
Decoration Supplies 5,000 9000 4100 17070 3983
Employees' Bonus Expense
Depreciation Expense- Furniture (29%)
Accumulated Depreciation -Furniture
Depreciation Expense -Equipment (40%)
Accumulated Depreciation- Equipment
Accumulated Depreciation- Vehicle

Net Profit before tax 177817.4 -44012.6 224645.4 52397.4 -41923.6

Tax
Net Profit
Total 1992000 1992000 1890317.40 1890317.40 1962804.80 1962804.80 1555450.20 1555450.20 1494847.60 1494847.60
 August September October November December January
Dr Cr Dr Cr Dr Cr Dr Cr Dr Cr Dr Cr

738,901.40 836,283.80 783,123.20 868,036.60 805,947 906,604.40

90,000 225,000 87,500
7,000 6,300 5,670 5,103 4,593 4,134
50,000 45,000 40,500 60,000 48,000 43,200
45,000 30,000 15,000 75,000 60,000 45,000
15,000 30,000 30,000 45,000 45,000 45,000
50,000 50,000 50,000 50,000 50,000 50,000
500,000 500,000 500,000 500,000 500,000 500,000

90,000 225,000 87,500

1,368,924.00 1,405,901.40 1,497,583.80 1,424,293.20 1,603,139.60 1,324,408

375,000 405,000 265,000 450,000 400,000 402,500

132,000 88,000 110,000 66,000 154,000 88,000
35,000 40,000 45,000 30,000 55,000 45,000
45,000 55,000 55,000 45,000 55,000 60,000
166,666
163,000 222,000 55,000 309,000 (30,666) 209,500
82,902.60 82,902.60 82,902.60 82,902.60 82,902.60 82,902.60
3,500 6,000 4,500 6,000 5,500 4,200
4,250 4,335 4,378 5,254 5,307 5,360
2,900 2,900 2,900 2,900 2,900 2,900

9,680 9,680 9,680 9,680 9,680 9,680

1,600 1,600 1,600 1,600 1,600 1,600
2,200 2,200 2,200 2,200 2,200 2,200

15,000 15,000 15,000 15,000 15,000 15,000

405 700 630 567 510 459
3585 5000 4500 4050 12000 4800
88000
5,800
5800 5800
16,666
16666 16666
166666 166666

36977.4 91682.4 -73290.6 178846.4 -278731.6 80398.4

1531924 1531924 1717901.40 1717901.40 1552583.80 1552583.80 1958293.20 1958293.20 1761605.60 1761605.60 1,810,540 1,810,540
 February Income Statement Balance Sheet Total
Dr Cr Dr Cr Dr Cr Dr Cr

902,244.76 902,244.76 902,244.76

3,721 3,721 3,721

38,880 38,880 38,880
30,000 30,000 30,000
45,000 45,000 45,000
50,000 50,000 50,000
500,000 500,000 500,000

1,404,806.40 1,000,000.00 1,000,000

537,500 5,085,000 5,085,000

154,000 1,430,000 1,430,000
55,000 575,000 575,000
60,000 670,000 670,000
166,666 166,666
268,500 2,243,334 2,243,334
82,902.60 994,831.20 994,831
5,000 60,000 60,000
5,414 55,003 55,003
2,900 34,800 34,800
5,000 5,000
5,000 5,000
9,200 9,200
9,680 116,160 116,160
1,600 19,200 19,200
2,200 26,400 26,400

15,000 180,000 180,000

413 5,989 5,989
4320 77,408 77,408
88,000 88,000
5,800 5,800
5800 5,800 5,800
16,666 16,666
16666 16,666 16,666
166666 166666 166666

139070.4
163163.04 163163.04 163163.04
-24092.64 380713.76 380713.76 380713.76
1,862,438.40 1,862,438.40 5,085,000 5,085,000 1,569,846 1,569,846 3,432,466 3,432,466
 AREJOLA DREAM CATCHER
Income Statement
For the year ended February 2018

Revenue
Cost of Revenue
Gross Profit

Other Expenses
Salaries Expense 994,831.20
Rent Expense 180,000.00
Taxes 163,163.04
SSS 116,160.00
Employees' Bonus Expense 88,000.00
Decoration Supplies 77,408.00
Wages Expense 60,000.00
Utilities Expense 55,003.00
Communication Expense 34,800.00
PHILHEALTH 26,400.00
PAGIBIG 19,200.00
Depreciation Expense -Equipment (40%) 16,666.00
Business Permit 9,200.00
Office Supplies Expense 5,989.00
Depreciation Expense- Furniture (29%) 5,800.00
Advertising Expense 5,000.00
Miscellaneous Expense 5,000.00
Net Profit

AREJOLA DREAM CATCHER

Balance Sheet Statement
As of February 2018

ASSETS
Current Assets
Cash 902,244.76
Office Supplies 3,721.00
Decoration Supplies 38,880.00
 Prepaid Rent 30,000.00

Non-Current Assets
Office Furniture 45,000.00
Less Accumulated Depreciation - Furniture 5,800.00 39,200.00
Office Equipment 50,000.00
Less Accumulated Depreciation - Equipment 16,666.00 33,334.00
Office Vehicle 500,000.00
Less Accumulated Depreciation - Vehicle 166,666.00 333,334.00
Total Assets

OWNER'S EQUITY
Arejola, Capital 1,000,000.00
ADD: Profit 380,713.76
Total Liabilities and Equity
 5,085,000.00
(2,841,666.00)
2,243,334.00

1,862,620.24
380,713.76
 974,845.76

405,868.00
1,380,713.76

1,380,713.76
1,380,713.76