SFP - ACCOUNT FORM

Dipolog Rice Mill

Statement of Financial Position
For the Month of April 30,2021

Assets Liabilities and Equity

Current Assets Current Liabilities
Cash ₱ 76,200.00 Unearned Revenue ₱ 7,000.00
Petty Cash Fund ₱ 500.00 Total Current Liabilities ₱ 7,000.00
Accounts Receivable ₱ 33,000.00
Total Current Assets: ₱ 109,700.00 Total Liabilities ₱ 7,000.00

Non-Current Assets Owner's Equity

Satake Rice Mill ₱ 950,000.00 Dipolog Capital ₱ 1,132,700.00
Furniture ₱ 80,000.00
Total Non-Current Assets ₱ 1,030,000.00 Total Owner's Equity ₱ 1,132,700.00

Total Assets ₱ 1,139,700.00 Total Liabilities and Owner's Equity ₱ 1,139,700.00

 SFP - REPORT FORM

Dipolog Rice Mill

Statement of Financial Position
For the Month of April 30,2021

Assets
Current Assets
Cash ₱ 76,200.00
Petty Cash Fund ₱ 500.00
Accounts Receivable ₱ 33,000.00
Total Current Assets: ₱ 109,700.00

Non-Current Assets
Satake Rice Mill ₱ 950,000.00
Furniture ₱ 80,000.00
Total Non-Current Assets ₱ 1,030,000.00

Total Assets ₱ 1,139,700.00

Liabilities and Equity

Current Liabilities
Unearned Revenue ₱ 7,000.00
Total Current Liabilities ₱ 7,000.00

Non-Current Liabilities

Total Liabilities ₱ 7,000.00

Owner's Equity
Dipolog Capital ₱ 1,132,700.00
Total Owner's Equity ₱ 1,132,700.00

Total Liabilities and Owner's Equity ₱ 1,139,700.00

 SCE

Dipolog Rice Mill

Statement of Changes in Equity
For the Month of April 30, 2021

Account
Initial Investment ₱ 1,130,000.00
Add: Net Income ₱ 10,700.00
Less: Dipolog' Drawing -₱ 8,000.00
Dipolog- Capital, Ending ₱ 1,132,700.00
 PHILIP ANDRE O. MAROTO

SCI

Dipolog Rice Mill

Statement of Comprehensive Income
For the Month of April 30,2021

Accounts Dr. Cr.

Service Income ₱ 52,000.00
Operating Expenses
Diesoline ₱ 15,000.00
Business Permits and Liscences ₱ 2,800.00
Repair and Maintenance ₱ 500.00
Utilities Expense ₱ 8,000.00
Salaries Expense ₱ 15,000.00
Total ₱ 41,300.00 ₱ 52,000.00
Net Income ₱ 10,700.00
₱ 52,000.00 ₱ 52,000.00
 CASH FLOW - DIRECT METHOD

Dipolog Rice Mill

Statement of Cash Flows
For the Month of April 30, 2021

Cash Flow From Operating Activities

Cash receipts from rendering of service ₱ 26,000.00
Cash payments to suppliers of goods and services -₱ 25,800.00
Cash payments to employees -₱ 15,000.00
Net cashflow from operating activities -₱ 14,800.00

Cash Flow From Investing Activites

Cash Flow From Financing Activities

Proceeds from cash investment if owners ₱ 99,000.00
Payment to owners -₱ 8,000.00
Net cashflow from financing activities ₱ 91,000.00

Net Increase in Cash ₱ 76,200.00

Cash at the Beginning of the Period ₱ -
Cash at the End of the Period ₱ 76,200.00
 CASH FLOW - INDIRECT METHOD

Dipolog Rice Mill

Statement of Cash Flows
For the Month of April 30, 2021

Cash Flow From Operating Activities

Net Income ₱ 10,700.00
Increase in petty cash fund ₱ 500.00
Increase in Accounts Receivable -₱ 33,000.00
Increase in Unearned Revenue ₱ 7,000.00
Net cashflow from operating activities -₱ 14,800.00

Cash Flow From Investing Activites

Cash Flow From Financing Activities

Proceeds from cash investment if owners ₱ 99,000.00
Payment to owners -₱ 8,000.00
Net cashflow from financing activities ₱ 91,000.00

Net Increase in Cash ₱ 76,200.00

Cash at the Beginning of the Period ₱ -
Cash at the End of the Period ₱ 76,200.00
 TRIAL BALANCE

Unadjusted Adjustments Adjusted

Account Titles Dr. Cr. Dr. Cr. Dr. Cr.
Cash ₱ 76,200.00 ₱ 76,200.00
Petty Cash Fund ₱ 500.00 ₱ 500.00
Accounts Receivable ₱ 33,000.00 ₱ 33,000.00
Satake Rice Mill ₱ 950,000.00 ₱ 950,000.00
Furniture ₱ 80,000.00 ₱ 80,000.00
Unearned Revenue ₱ 7,000.00 ₱ 7,000.00
Dipolog Capital ₱ 1,130,000.00 ₱ 1,130,000.00
Dipolog' Drawings ₱ 8,000.00 ₱ 8,000.00
Service Income ₱ 52,000.00 ₱ 52,000.00
Diesoline ₱ 15,000.00 ₱ 15,000.00
Business Permits and Liscences ₱ 2,800.00 ₱ 2,800.00
Repair and Maintenance ₱ 500.00 ₱ 500.00
Utilities Expense ₱ 8,000.00 ₱ 8,000.00
Salaries Expense ₱ 15,000.00 ₱ 15,000.00
TOTAL: ₱ 1,189,000.00 ₱ 1,189,000.00 ₱ - ₱ - ₱ 1,189,000.00 ₱ 1,189,000.00
 POST-CLOSING TRIAL BALANCE

Post -Closing Trial balance

Dr. Cr.
₱ 76,200.00
₱ 500.00
₱ 33,000.00
₱ 950,000.00
₱ 80,000.00
₱ 7,000.00
₱ 1,132,700.00

₱ 1,139,700.00 ₱ 1,139,700.00
 CLOSING ENTRY

Closing Entry
Account Title Dr. Cr.
Service Income ₱ 52,000.00
Dipolog Capital ₱ 52,000.00

Dipolog Capital ₱ 41,300.00

Diesoline ₱ 15,000.00
Business Permits and Liscences ₱ 2,800.00
Repair and Maintenance ₱ 500.00
Utilities Expense ₱ 8,000.00
Salaries Expense ₱ 15,000.00

Dipolog Capital ₱ 8,000.00

Dipolog' Drawings ₱ 8,000.00
 ANALYZATION OF CASH LEDGER

Debits Amount Nature Classification Reason

Apr-01 ₱ 99,000.00 Cash Investment of Owner Financing Affects Equity
Apr-14 ₱ 9,000.00 Collection from customers Operating Affects net income
Apr-27 ₱ 10,000.00 Collection from customers Operating Affects net income
Apr-28 ₱ 7,000.00 Collection from customers Operating Affects net income

Credits Amount Nature Classification Reason

Apr-05 ₱ 2,800.00 Payments of Business Permits and Liscences Operating Affects Net Income
Apr-07 ₱ 3,000.00 Advance partial payment of salaries Operating Affects Net Income
Apr-18 ₱ 8,000.00 Cash withdrawal of owner Financing Affects Equity
Apr-23 ₱ 15,000.00 Payment of gas Operating Affects Net Income
Apr-29 ₱ 8,000.00 Payment of utilities Operating Affects Net Income
Apr-30 ₱ 12,000.00 Payment of Salaries Operating Affects Net Income