Akyat-Aklat Services

Projected Balance Sheet

As of December 31, 20Y1

ASSETS LIABILITIES AND STOCKHOLDERS' EQUITY

Current Assets Current Liabilities

Cash -₱ 1,779,130.00 Accounts Payable ₱ -
Accounts Receivable - Income Taxes Payable (1,096,874.84)
Inventory SSS Premium Payable 82,200.00
Rental Deposit 14,000.00 HDMFPremium Payable 27,456.00
Total Current Assets -₱ 1,793,130.00 PHIC Premium Payable 27,456.00
Salaries Payable 630,144.00
Property, Plant, and Equipment 13th Month Pay Payable 57,200.00
Land ₱ - Short-Term Loans -
Building ₱ - Total Current Liabilities -₱ 272,418.84
Less: Accumulated Depreciation - Building - -
Store Renovation/Reconstruction/Leasehold Improvement ₱ -

Less: Accumulated Depreciation - Store Renovation - - Non-Current Liabilities

Machinery ₱ - Long-Term Loans ₱ -
Less: Accumulated Depreciation - Machinery - - Total Non-Current Liabilities ₱ -
Company Vehicle ₱ 121,000.00
Less: Accumulated Depreciation - Company Vehicle 24,200.00 96,800.00 Total Liabilities -₱ 272,418.84
Office Equipment ₱ 380,000.00
Less: Accumulated Depreciation - Office Equipment 76,000.00 304,000.00
Kitchen Tools & Equipment ₱ 65,674.00
Less: Accumulated Depreciation - Kitchen Tools & Equipment 13,134.80 52,539.20

Furniture and Fixtures ₱ 17,500.00 Stockholders' Equity

Less: Accumulated Depreciation - Furniture & Fixtures 4,166.67 13,333.33 Capital ₱ 500,000.00
Computer Software (150,000.00) Retained Earnings (2,559,374.63)
Total Fixed Assets ₱ 316,672.53 Total Stockholders' Equity -₱ 2,059,374.63

TOTAL ASSETS -₱ 1,476,457.47 TOTAL LIABILITIES & STOCKHOLDERS' EQUITY -₱ 2,331,793.47