15.

a.)

b.)

c.)

d.)
Cash Receive from customers
Cash Borrowed from the banks
Siojo’s cash withdrawal
Utilities, salaries, supplies, and rent paid
Cash paid of the bank
Cash purchase for equipment
Cash purchase for furniture

Statement of Income (well produced for July)

Sales
Utilities, Salaries, and Rent paid

Statement of changes in Equity for December

Doria Capital, July 1
Add Profit
Less Drawings
Doria, Capital December 31

Statement of Cash flow from October to December 31

Cash Receipts from customers
Cash paid to Siojo
Cash Paid for Utilities, Salaries and rent paid
Cash paid for the bank
Cash paid for the equipment
Cash paid for furniture
Cash Increased during October to December
Add Cash Balance

Statement of Financial Position as at December 31. Statement of Financial Posi

Cash
Equipment
Furniture

Loans Payable
Doria Capital, December 31
Total of Liabilities and Equity
₱ 205,000.00
150,000
15,000
115,000
50,000
100,000
25,000

₱205,000
-115,000
₱ 90,000.00

₱150,000
90,000
-15,000
₱225,000

₱205,000
-15,000
-115,000
-50,000
-100,000
-25,000
₱100,000
300,000
₱200,000

₱100,000
225,000
25,000
₱350,000
₱100,000
225,000
₱325,000
 WATERFRONT HOTEL
STATEMENT OF CASH FLOWS
For the Month ended December 2021
Cash inflows from sales revenues
LESS: Cash outflows:
Expenses paid ₱600,000
Owner's cash drawing 100,000
Payment of loans 300,000
Acquisition of equipment 175,000
Net cash inflows during the month
ADD: Cash balance December 31, 2022
Cash balance December 31, 2019

Revenues ₱1,300,000
Uncollected ₱200,000

Expenses ₱600,000
Unpaid ₱150,000

Loans ₱300,000

Owner's Drawing ₱100,000

Equipment ₱175,000
₱1,300,000

₱1,175,000
₱125,000
750,000
₱875,000
 WATERFRONT HOTEL
INCOME STATEMENT
For the month ended December 2021
Sales Revenue (cash and credit) 1,500,00
Expenses incurred (cash and credit) ₱750,000
Net Income ₱2,250,000
 L
T
mber 2021
1,500,00
₱750,000
₱2,250,000
 WATERFRONT HOTEL
STATEMENT OF OWNER'S EQUITY
For the month ended January 2021
Owner's Equity, December 31 ₱1,250,000
Net Income 2,250,000
Owner's Drawing 100,000
Owner's Equity, January 31 ₱3,400,000