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    Appendices Coffee

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    Gian Carlo
    The document contains appendices that summarize overhead expenses, administrative expenses, fringe benefits, pre-operating expenses, and general and general ledger entries for a business. Overhead expenses total $242,400 annually. Administrative expenses include salaries totaling $510,000 annually. Fringe benefits add $58,297.50 in monthly costs. Pre-operating expenses were $4,245. The general journal records initial capital investment, asset purchases, expenses, income and cost of sales. The general ledger shows account balances including $579,688 in net income.

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    Appendices Coffee

    Uploaded by

    Gian Carlo
    16 views11 pages
    The document contains appendices that summarize overhead expenses, administrative expenses, fringe benefits, pre-operating expenses, and general and general ledger entries for a business. Overhead expenses total $242,400 annually. Administrative expenses include salaries totaling $510,000 annually. Fringe benefits add $58,297.50 in monthly costs. Pre-operating expenses were $4,245. The general journal records initial capital investment, asset purchases, expenses, income and cost of sales. The general ledger shows account balances including $579,688 in net income.

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    The document contains appendices that summarize overhead expenses, administrative expenses, fringe benefits, pre-operating expenses, and general and general ledger entries for a business. Overhead expenses total $242,400 annually. Administrative expenses include salaries totaling $510,000 annually. Fringe benefits add $58,297.50 in monthly costs. Pre-operating expenses were $4,245. The general journal records initial capital investment, asset purchases, expenses, income and cost of sales. The general ledger shows account balances including $579,688 in net income.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    16 views11 pages

    Appendices Coffee

    Uploaded by

    Gian Carlo
    The document contains appendices that summarize overhead expenses, administrative expenses, fringe benefits, pre-operating expenses, and general and general ledger entries for a business. Overhead expenses total $242,400 annually. Administrative expenses include salaries totaling $510,000 annually. Fringe benefits add $58,297.50 in monthly costs. Pre-operating expenses were $4,245. The general journal records initial capital investment, asset purchases, expenses, income and cost of sales. The general ledger shows account balances including $579,688 in net income.

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    of 11

    APPENDICES

    B. Overhead Expenses

    Overhead Expense   MONTHLY ANNUALLY

    Wifi   1,500.00 18,000.00

    Rent   10,000.00 120,000.00

    Marketing   1,300.00 15,600.00

    Maintenance   2,000.00 24,000.00


    TOTAL   ₱ 20,200.00 ₱ 242,400.00

    D. Administrative Expenses

    ANNUAL
    Position Number MONTHLY SALARY SALARY
    Manager 1 ₱15,000.00 ₱180,000.00
    Cashier 1
    9,500.00 114,000.00
    Barista 2
    18,000.00 216,000.00
    Total   ₱42,500.00 ₱510,000.00

    E. Fringe Benefits

    FRINGE BENEFITS
    Position SSS PAG-IBIG PHIL HEALTH MONTHLY ANNUALLY
    Manager ₱ 1,200.00 ₱300.00 ₱202.50 ₱1,702.50 ₱20,430.00
    Cashier 760.00 190.00 130.63 1,080.63 12,967.50
    Barista 1,440.00 360.00 275.00 2,075.00 24,900.00
    Total Monthly ₱4,858.13 ₱58,297.50
    F. Pre-operating Expenses

    PARTICULARS COST
    Annual Inspection ₱150.00
    Business Plate 180
    Garbage 900
    Mayor's Permit 1,400.00
    Occupation 250
    Police Clearance 150
    Sanitary/Medical 350
    Signages 150
    BIR Permit 500
    DTI Premit 200
    Documentary Stamp 15
    Total ₱4,245.00
    G. General Journal

    PARTICULARS DEBIT CREDIT

    Cash 1,000,000.00  

    , Capital   1,000,000.00
    To record the initial investment capital.  
         
    473,683.
    Renovation 14  

    Cash   473,683.14
    To record the cost of renovation    
         
    18,947.
    Depreciation Expense – Renovation 33  

    Accumulated Depreciation – Renovation   18,947.33


    To record the depreciation expense of the    
    Renovation    
         
    10,544.
    Machineries and Equipment 00  
    10,544.
    Cash   00
    To record the cost of Machineries and
    Equipment    
         
    1,054.
    Depreciation Expense – Machineries and Equipment 40  
    Accumulated Depreciation – Machineries and
    Equipment   1,054.40
    To record the depreciation expense of the    
    Machineries and Equipment    
         
    180,000.
    Furniture and Fixture 00  
    180,000.
    Cash   00
    To record the cost of Furniture and Fixture    
         
    9,000.
    Depreciation Expense – Furniture and Fixture 00  

    Accumulated Depreciation – Furniture and Fixture   9,000.00


    To record the depreciation expense of the    
    Furniture and Fixture    
         

    Producton Tools 4,951.00  

    Cash   4,951.00
    To record production tools    
         

    Pre-Operating Expense 4,245.00  

    Cash   4,245.00
    To record pre-operating expense.    
         

    Administrative expense 510,000.00  

    Cash   510,000.00
    To record administrative expense.    
         

    Overhead Expense 242,400.00  

    Cash   242,400.00
    To record overhead expense.    
         

    Fringe Benefits 58,297.50  

    Cash   58,297.50
    To record fringe benefits.    
         
    2,342,880.
    Cash 00  
    2,342,880.
    Sales Income   00

    To record the annual income of the business.    


         
    1,279,071.
    Cost of sales 36  
    1,279,071.
    Cash   36
    To record the annual CoS    
    H. General Ledger

    Cash  
    1,279,071.3
    1,000,000.00 6
    2,342,880.00 473,683.14
      180,000.00
      4,951.00

      10,544.00

      4,245.00

      510,000.00

      242,400.00

      58,297.50
    3,342,880.00 2,763,192.00
     
    579,688.00

    Renovation  
    473,683.14
     

    Depreciation Expense – Renovation  


    18,947.33  

    Accumulated Depreciation – Renovation  


      18,947.33
     
    Machineries and Equipment  
    10,544.00
     
    Depreciation Expense – Machineries and Equipment  
    1,054.40  

    Accumulated Depreciation – Machineries and


    Equipment  
      1,054.40
     
    Furniture and Fixture  
    180,000.00
     

    Depreciation Expense – Furniture and Fixture  


    9,000.00  

    Accumulated Depreciation – Furniture and Fixture  


      9,000.00
     

    Producton Tools  
    4,951.00
     
    Pre-Operating Expense  
    4,245.00
     

    Overhead Expense  
    242,400.00
     

    Administrative Expense  
    510,000.00
     

    Fringe Benefits  
    58,297.50
     

    Sales Income  

      2,342,880.00
     

    , Capital  

      1,000,000.00
     
    Cost of sales  
    1,279,071.36
     
    I. Trial Balance

    Account Titles Debit Credit


    Cash ₱ 579,688.00  
    473,68
    Renovation 3.14  
    18,94
    Depreciation Expense – Renovation 7.33  
    Accumulated Depreciation – Renovation   ₱ 18,947.33
    10,54
    Machineries and Equipment 4.00  
    Depreciation Expense – Machineries and 1,05
    Equipment 4.40  
    Accumulated Depreciation – RMachineries and
    Equipment   ₱ 1,054.40
    180,00
    Furniture and Fixture 0.00  
    9,00
    Depreciation Expense – Furniture and Fixture 0.00  
    Accumulated Depreciation – Furniture and
    Fixture   ₱ 9,000.00
    4,95
    Producton Tools 1.00  
    1,000,00
     
    Partners Capital 0.00
    Sales Income   2,342,880.00
    1,279,07
    Cost of sales 1.36  
    58,29
    Fringe Benefits 7.50  
    Overhead Expenses 242,400.00  
    Pre-Operating Expenses 4,245.00  
    Administrative Expense 510,000.00  
    Total ₱ 3,371,881.73 ₱ 3,371,881.73

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