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    The document summarizes the income statement and balance sheet for DOC Enterprise for the period of April 1, 2021 to March 31, 2022. It shows total income of $5 million from face mask sales, with $3.4 million in gross profit. Total expenses were $1.36 million, resulting in a net profit of $2.04 million. The balance sheet lists total assets of $5.17 million including stock, cash, and debtors, with total liabilities of $2.82 million including current and long term liabilities, leaving $1.9 million in retained earnings.

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    The document summarizes the income statement and balance sheet for DOC Enterprise for the period of April 1, 2021 to March 31, 2022. It shows total income of $5 million from face mask sales, with $3.4 million in gross profit. Total expenses were $1.36 million, resulting in a net profit of $2.04 million. The balance sheet lists total assets of $5.17 million including stock, cash, and debtors, with total liabilities of $2.82 million including current and long term liabilities, leaving $1.9 million in retained earnings.

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    Download as XLSX, PDF, TXT or read online from Scribd
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    6 views2 pages

    New Microsoft Excel Worksheet

    Uploaded by

    Keresha Williams
    The document summarizes the income statement and balance sheet for DOC Enterprise for the period of April 1, 2021 to March 31, 2022. It shows total income of $5 million from face mask sales, with $3.4 million in gross profit. Total expenses were $1.36 million, resulting in a net profit of $2.04 million. The balance sheet lists total assets of $5.17 million including stock, cash, and debtors, with total liabilities of $2.82 million including current and long term liabilities, leaving $1.9 million in retained earnings.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    DOC Enterprise Income & Ependiture/Profit & Loss Statement

    as at April 01, 2021 to March 31, 2022

    ITEMS $
    Income generated (sale of face mask) $ 5,000,000.00
    Less Purchase/Cost of Goods Sold $ 1,600,000.00
    Gross Profit $ 3,400,000.00

    Expences
    Electricity $ 250,000.00
    Salary $ 800,000.00
    Water $ 40,000.00
    Promotion Activities $ 50,000.00
    Short-term loan $ 120,000.00
    Mortgage $ 100,000.00
    Total Expense $ 1,360,000.00

    Net profit $ 2,040,000.00

    DOC Enterprise Balance Sheet as at April 01, 2021 - March 31, 2022
    Asset $
    Current Assets
    Stock $ 450,000.00
    Cash in hand $ 70,000.00
    Cash in Bank $ 4,500,000.00
    Debtor $ 150,000.00
    Total Asset $ 5,170,000.00

    Current Liabilities $ 1,220,000.00


    Creditors $ 100,000.00

    Long Term Liability $ 1,500,000.00


    Total Liability $ 2,820,000.00

    Total Captial $ 450,000.00


    Retained Earning $ 1,900,000.00
    Total Liabilities and Equity $ 5,170,000.00

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