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  • Process Report

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    Alyana Ignacio
    22 views2 pages
    This balance sheet provides financial information for Modern Style Clothing Co. as of December 7, 2022. It shows total assets of $25,338,935.71 including current assets of $22,605,935.71 such as cash of $20,850,600 and accounts receivable of $352,000. Non-current assets include fixed assets of $2,733,000. Total liabilities are $787,114.35 which are current liabilities. Equity includes authorized capital stock of $22,560,000 and profit for the period of $1,991,821.36, giving total capital and reserves of $24,551,821.36.

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    A process report

    Original Title

    processReport (10)

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    This balance sheet provides financial information for Modern Style Clothing Co. as of December 7, 2022. It shows total assets of $25,338,935.71 including current assets of $22,605,935.71 such as cash of $20,850,600 and accounts receivable of $352,000. Non-current assets include fixed assets of $2,733,000. Total liabilities are $787,114.35 which are current liabilities. Equity includes authorized capital stock of $22,560,000 and profit for the period of $1,991,821.36, giving total capital and reserves of $24,551,821.36.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    22 views2 pages

    Process Report

    Uploaded by

    Alyana Ignacio
    This balance sheet provides financial information for Modern Style Clothing Co. as of December 7, 2022. It shows total assets of $25,338,935.71 including current assets of $22,605,935.71 such as cash of $20,850,600 and accounts receivable of $352,000. Non-current assets include fixed assets of $2,733,000. Total liabilities are $787,114.35 which are current liabilities. Equity includes authorized capital stock of $22,560,000 and profit for the period of $1,991,821.36, giving total capital and reserves of $24,551,821.36.

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    of 2

    Page 1 of 2

    Date Process : 12/07/2022 9:03:57PM


    Printed By : Alyana R. Ignacio

    MODERN STYLE CLOTHING CO.


    #10 Gilmore Ave., cor. Aurora Blvd.Brgy., Valencia, Quezon City
    VAT Reg. TIN:

    BALANCE SHEET
    Date as of : 12/07/2022

    100000000000000 ASSETS
    10000000 CURRENT ASSETS
    10100000 CASH AND CASH EQUIVALENTS
    10110000 CASH ON HAND
    10110101 Cash on Hand 20,850,600.00
    TOTAL CASH ON HAND : 20,850,600.00

    TOTAL CASH AND CASH EQUIVALENTS : 20,850,600.00


    10200000 ACCOUNTS RECEIVABLE
    10210000 ACCOUNTS RECEIVABLE - TRADE
    10210100 Accounts Receivable 352,000.00
    TOTAL ACCOUNTS RECEIVABLE - TRADE : 352,000.00

    TOTAL ACCOUNTS RECEIVABLE : 352,000.00


    10400000 OTHER CURRENT ASSETS
    10420000 PREPAID EXPENSES
    10420100 Prepaid Rent 1,350,000.00
    TOTAL PREPAID EXPENSES : 1,350,000.00

    10430000 TAXES
    10430100 Input VAT 53,335.71
    TOTAL TAXES : 53,335.71

    TOTAL OTHER CURRENT ASSETS : 1,403,335.71


    TOTAL CURRENT ASSETS : 22,605,935.71
    15000000 NON CURRENT ASSETS
    15100000 FIXED ASSETS
    15110000 FIXED ASSETS
    15110300 Office Equipment 3,300,000.00
    TOTAL FIXED ASSETS : 3,300,000.00

    15180000 ACCUMULATED DEPRECIATION


    15180300 Accum. Depreciation - Office Equipment (567,000.00)
    TOTAL ACCUMULATED DEPRECIATION : (567,000.00)

    TOTAL FIXED ASSETS : 2,733,000.00


    TOTAL NON CURRENT ASSETS : 2,733,000.00
    TOTAL ASSETS : 25,338,935.71
    25,338,935.71

    200000000000000 LIABILITIES
    20000000 CURRENT LIABILITIES
    20100000 CURRENT PAYABLE ACCOUNTS
    20100100 Accounts Payable 77,400.00
    TOTAL CURRENT PAYABLE ACCOUNTS : 77,400.00
    20120000 ACCRUED EXPENSE PAYABLE
    20120200 Accrued Payable 60,000.00
    TOTAL ACCRUED EXPENSE PAYABLE : 60,000.00
    20140000 OUTPUT TAX
    20140100 Output Tax 649,714.35
    TOTAL OUTPUT TAX : 649,714.35
    TOTAL CURRENT LIABILITIES : 787,114.35
    TOTAL LIABILITIES : 787,114.35
    300000000000000 EQUITY
    Page 2 of 2
    Date Process : 12/07/2022 9:03:57PM
    Printed By : Alyana R. Ignacio

    MODERN STYLE CLOTHING CO.


    #10 Gilmore Ave., cor. Aurora Blvd.Brgy., Valencia, Quezon City
    VAT Reg. TIN:

    BALANCE SHEET
    Date as of : 12/07/2022

    30000000 EQUITY
    30100000 EQUITY
    30110000 CAPITAL STOCK
    30110100 Authorized Capital Stock 22,560,000.00
    30110200 Unissued Capital Stock 0.00
    TOTAL CAPITAL STOCK : 22,560,000.00

    TOTAL EQUITY : 22,560,000.00


    TOTAL EQUITY : 22,560,000.00

    Profit Period 1,991,821.36

    TOTAL Capital and Reserves : 24,551,821.36

    25,338,935.71

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