Company Name

Statement of Financial Performance

For the month ended September 30, 2019

Revenue: Actual
Sales 270,000.00
Other Income 0.00
Gross Sales 270,000.00
Less: Sales Discounts 2,000.00
Sales Return & Allowances 800.00
Net Sales 267,200.00
Less: Cost of Sales 36,160.00
Gross Profit 231,040.00
Less: Operating Expenses
Salaries and Wages 144,000.00
Electric Expense 2,400.00
Water Expenses 2,400.00
Transportation Expense 3,600.00
Fuel and Lubricants 2,400.00
Depreciation Expense 37,666.67
Rent Expenses 36,000.00
Total Operating Expenses 228,466.67
Net Income before tax 2,573.33
Income Tax 772.00
Net Income after tax 1,801.33
 Company Name
Statement of Financial Position
As of September 30, 2019

ASSET Actual
Current-Assets:
Cash on hand 71,540.00
Cash in bank 3,500.00
Petty Cash Fund 500.00
Inventories 9,040.00
Stationary and Supplies on Hand 500.00
Total Current Assets 85,080.00

Non-Current Assets:
Office Equipment 23,333.33
Utinsils 3,333.33
Furniture & Fixtures 5,333.33
Motorcycle 43,333.33
Total Non-Current Assets 75,333.33

TOTAL ASSETS 160,413.33

LIABILITIES & OWNER'S EQUITY

LIABILITIES
Current-Liabilities:
Accounts Payable 70,612.00

Non-Current Liabilities:
Loans Payable
Total Liabilities 70,612.00

OWNER'S EQUITY
A. Capital 89,801.33

TOTAL LIABILITIES & OWNER'S EQUITY 160,413.33

0.00
 Company Name
Statement of Changes in Equity
As of September 30, 2019

Actual
Beginning Capital balance 100,000.00
Add/less: Net Income/loss 1,801.33
Additional Investment
Increase/Decrease in Capital 101,801.33
Less: Owner's Withdrawals 12,000.00
Ending Capital Balance 89,801.33
 Company Name
Statement of Cash Flows
As of September 30, 2019

Cash Receipts: Actual

Cash receipts from sale of products 270,000.00
Cash receipts from other collections 5,000.00
Total Cash Receipts 275,000.00
Less: Cash Disbursements
Payment for Salaries 144,000.00
Payment for Inventories 36,160.00
Payment for Supplies 1,800.00
Payment for electric 2,400.00
Payment for water 2,400.00
Payment for fuel 2,400.00
Payment for trasportation 3,600.00
Payment for other expenses 500.00
Payment for income taxes 772.00
Payment for Rental 36,000.00
Total Cash Disursements 230,032.00
Increase/Decrease in Cash 44,968.00
Add: Beginning Cash Balance 26,572.00
Ending Cash Balance 71,540.00
A.SALES Actual
Projected Production Per Unit 54,000
Selling Price per unit 5.00
Actual Sales 270,000.00

B.COST OF SALES
Beginning Inventories 35,000.00 9,040.00
Add: Purchases 12,000.00 22,200.00
Transportation-In 500.00 510.00
Total Inventories 47,500.00 31,750.00
Less: Purchase Discounts 2,300.00 2,346.00
Purchase Return & Allowances 0.00 0.00
Total Goods Available For Sale 45,200.00 29,404.00
Less: Ending Inventories 9,040.00 5,880.80
Cost of Sales 36,160.00 23,523.20

C.SALARIES AND WAGES 144,000.00

D.ELECTRIC EXPENSES 2,400.00

E.WATER EXPENSES 2,400.00

F. TRANSPORTATION 3,600.00

G.FUEL 2,400.00

H.DEPRECIATION EXPENSES
USEFUL
ORIGINAL
DATE PURCHASE PROPERTY NAME LIFE \IN
PRICE
MONTHS)
September 1, 2018 OFFICE EQUIPMENT 35,000.00 36
September 1, 2018 UTINSILS 5,000.00 36
September 1, 2018 FURNITURE & FIXTURE 8,000.00 36
September 1, 2018 MOTORCYCLE 65,000.00 36
TOTAL 113,000.00

I.RENT 36,000.00

J.OFFICE SUPPLIES 1,800.00

 MONTHLY ACCUM-
NET BOOK
DEPRECIATI DEPRECIATI
VALUE
ON ON
972.22 11,666.67 23,333.33
138.89 1,666.67 3,333.33
222.22 2,666.67 5,333.33
1,805.56 21,666.67 43,333.33
3,138.89 37,666.67 75,333.33