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  • Marie Elleine Saar

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    The document summarizes Ayala Corporation's statement of comprehensive income for the year ending December 31, 2019. It shows revenues of ₱653,800 and costs of ₱331,700, resulting in a gross profit of ₱429,000. Total expenses for the period were ₱105,700, including administrative expenses of ₱17,500 and selling expenses of ₱53,200. This led to a net income of ₱65,100 for Ayala Corporation.

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    Marie Elleine Saar (2)

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    The document summarizes Ayala Corporation's statement of comprehensive income for the year ending December 31, 2019. It shows revenues of ₱653,800 and costs of ₱331,700, resulting in a gross profit of ₱429,000. Total expenses for the period were ₱105,700, including administrative expenses of ₱17,500 and selling expenses of ₱53,200. This led to a net income of ₱65,100 for Ayala Corporation.

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

    Marie Elleine Saar

    Uploaded by

    kylecantallopez
    The document summarizes Ayala Corporation's statement of comprehensive income for the year ending December 31, 2019. It shows revenues of ₱653,800 and costs of ₱331,700, resulting in a gross profit of ₱429,000. Total expenses for the period were ₱105,700, including administrative expenses of ₱17,500 and selling expenses of ₱53,200. This led to a net income of ₱65,100 for Ayala Corporation.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 2

    Ayala Corporation

    Statement of Comprehensive Income


    As of December 31, 2019

    Revenues ₱22,000
    Expenses:
    Rent Expense ₱3,800
    Salaries Expense ₱5,200
    Utilities Expense ₱2,100
    Total Expenses ₱11,100

    Net Income ₱10,900


    Ayala Corporation
    Statement of Comprehensive Income
    As of December 31, 2019

    A. REVENUE/ INCOME
    Sales ₱707,300
    Sales Return -₱38,900
    Sales Discount -₱14,600
    NET SALES ₱653,800
    B. COST OF GOODS SOLD
    Beginning Inventory ₱156,000
    Purchases ₱196,700
    Purchases Returns ₱30,000
    Purchases Discounts 12,000
    Net Purchases ₱154,200
    Freight In ₱21,500
    Cost of Goods Available for Sales ₱331,700
    Ending Inventory ₱107,000
    GROSS PROFIT ₱429,000
    C. EXPENSES
    GENERAL & ADMINISTRATIVE EXPENSE 17,500
    Depreciation Expense ₱10,000
    Rent Expense ₱19,500
    Utilities Expense ₱54,000
    Salaries Expense( Admin Debt) ₱5,800
    Miscellaneous Expenses
    SELLING EXPENSES
    Freight Out ₱10,800
    Advertising Expense ₱20,500
    Salaries Expense( Sales Debt) ₱21,900

    NET INCOME ₱65,100

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