AUGUST'S CAKIES

In settlement of the following: Danao St, Atulayan Norte

Particulars Amount Tuguegarao City, Philippines 3500
T: (632) 759 5000 F: (632) 759-3270
NONVAT Reg. TIN: 207-390-476-000

Total Sales (VAT Inclusive) N0. 2006

less: VAT

Total OFFICIAL RECEIPT Date

Total Due

less: Witholding Tax Received From

Amount Due Business Style with TIN
with address at
VATable Sales the sum of pesos
VAT-Exempt Sales (P )
Zero Rated Sales In partial/full payment of
VAT amount

Total Sales

Form of Payment 10 BKLTS (50x3) 2001-2500

Cash Check BIR Authority to Print No. 9AU0000583223

Check No.: Date issued: 06/19/2019; Valid Until :6/18/2024

Printing Press - 477-1551-0906-2629998 By:

Bank 3 Magsikap st., Dulong Bayan 1, San Mateo Rizal Authorized Signature
TIN: 214-259-506-000 NON VAT

printer's Accreditation No.: PROVAN003390

Date Issued: March 13 - 2023

THIS OFFICIAL RECEIPT SHALL BE VALID FOR FIVE (5) YEARS FROM THE DATE OF ATP
 AUGUST'S CAKIES
Danao St, Atulayan Norte
Tuguegarao City, Philippines 3500 "Annex C.3"
NONVAT Reg. TIN: 207-390-476-000

SALES INVOICE

Sold to: Date:

TIN: Terms:
Address: OSCA/PWD ID NO.:
SC/PWD Signature:
Business Style:

QUANTITY UNIT ARTICLES UNIT PRICE AMOUNT

Total Sales (Vat Inclusive)

Less: VAT
VATable Sales Amount: Net of VAT
VAT-Exempt Sales Less: SC/PWD Discount
Zero Rated Sales Amount Due
VAT Amount Add: VAT
TOTAL AMOUNT DUE

10 Bklts (3x) 1001-1500

BIR Authority to Print No. 3AU000805222

Date Issued: 07-30-13: Valid Until 07-29-2024 Cashier/Authorized Representative

JDC PRINTIMG SERVICES, INC.

Bgy. 123, Quezon City Printer's accreditation No. P08051200

TIN: 123-456-789-0000 Date Issued: 08-01-12

No. 1001
 No. 1001
THIS INVOICE SHALL BE VALID FOR FIVE (5) YEARS FROM THE DATE OF ATP.
 AUGUST'S CAKIES
Danao St, Atulayan Norte
Tuguegarao City, Philippines 3500
NONVAT Reg. TIN: 207-390-476-000

CUSTOMER NUMBER FULL NAME FIRST NAME MIDDLE NAME

1001 Maria Cauilan Garcia Maria Cauilan
1002 Franz Gomez Rivera Franz Gomez
1003 Xyra Alvarez Lopez Xyra Alvarez
1004 Estella Corpuz Ramirez Estella Corpuz
1005 Joram Diaz Villanueva Joram Diaz
1006 Chantal Reyes Chu Chantal Reyes
1007 Alliana Dolino McDonny Alliana Dolino
1008 Hayme Reid Castro Hayme Reid
1009 Marem Santos Ocampo Marem Santos
1010 Elyse Havier Co Elyse Havier
1011 Jon Mercadejas Yanai Jon Mercadejas
1012 Mark Garcia Gozon Mark Garcia
1013 Sher Jones Marchessa Sher Jones
1014 Jane Bacud Pamittan Jane Bacud
1015 Xenia Meyers Addatu Xenia Meyers
1016 Zeny Ty Santos Zeny Ty
1017 Ben Montefalco Fernandez Ben Montefalco
1018 Dulce Sandejas Valerio Dulce Sandejas
1019 Howard Moon Ledezma Howard Moon
1020 Kris Enrile Mendez Kris Enrile
GUST'S CAKIES
nao St, Atulayan Norte
arao City, Philippines 3500
T Reg. TIN: 207-390-476-000

LAST NAME ADDRESS TIN CONTACT NUMBER

Garcia Atulu, Solana, Cagayan 006-005-089-000 63 917 123 4567
Rivera Alicaocao, Tuao, Cagayan 007-835-158-000 63 998 765 4321
Lopez Centro, Gattaran, Cagayan 225-973-234-000 63 920 555 1212
Ramirez Dabbac Grande, Lal-Lo, Cagayan 223-567-799-000 63 933 777 8899
Villanueva Salvacion, Claveria, Cagayan 004-111-266-000 63 947 321 0987
Chu San Francisco, Appari, Cagayan 947-765-567-000 63 926 555 7777
McDonny Lanna, Enrile, Cagayan 206-498-604-000 63 942 555 6666
Castro Aggugaddan, Penablanca, Cagayan 068-254-167-000 63 939 123 4567
Ocampo Annafunan, Tuguegaraco City, Cagayan 160-670-987-000 63 945 444 3421
Co San Gabriel, Tuguegarao City, Cagayan 937-675-493-000 63 987 765 1049
Yanai Bagay, Tuguegarao City, Cagayan 465-673-956-135 63 989 679 4597
Gozon Camasi, Penablanca, Cagayan 098-328-683-493 63 965 798 4586
Marchessa Carig Sur, Tuguegaraco City, Cagayan 875-076-492-789 63 952 791 4581
Pamittan Divisoria, Enrile, Cagayan 024-546-674-789 63 935 876 2351
Addatu Caritan Sur, Tuguegaraco City, Cagayan 154-568-642-568 63 959 756 4793
Santos Larion Bajo, Tuguegarao City, Cagayan 564-897-726-400 63 985 461 3164
Fernandez Abra, Gattaran, Cagayan 476-325-687-004 63 936 497 3431
Valerio Basi, Solana, Cagayan 598-832-894-792 63 938 897 3698
Ledezma Alibago, Enrile, Cagayan 567-568-679-005 63 998 673 3658
Mendez Linao East, Tuguegarao City, Cagayan 586-986-984-065 63 945 312 4343.
 VERIFIED
Jasper Molina, CPA
Jasper Molina, CPA
Jasper Molina, CPA
Jasper Molina, CPA
Jasper Molina, CPA
Jasper Molina, CPA
Jasper Molina, CPA
Jasper Molina, CPA
Jasper Molina, CPA
Jasper Molina, CPA
Jasper Molina, CPA
Jasper Molina, CPA
Jasper Molina, CPA
Jasper Molina, CPA
Jasper Molina, CPA
Jasper Molina, CPA
Jasper Molina, CPA
Jasper Molina, CPA
Jasper Molina, CPA
Jasper Molina, CPA
 AUGUST'S CAKIES
Danao St, Atulayan Norte
Tuguegarao City, Philippines 3500
VAT Reg. TIN: 207-390-476-000

SUPPLIER'S NUMBER SUPPLIERS' NAME TIN ADDRESS VERIFIED

1 SYSCO 002-123-457-001 Carig Norte, Tuguegarao City, Cagayan Jasper Molina, CPA
2 PH FOODS 321-443-221-004 Camasi, Penablance, Cagayan Jasper Molina, CPA
3 The Party Pros 456-978-094-435 Iguig, Cagayan Jasper Molina, CPA
4 caterer's Awarehouse 003-450-986-098 Sta Mesa Heights, Quezon City Jasper Molina, CPA
5 Restaurant Depot 483-097-678-041 Tuazon St, Sampaloc, Manila Jasper Molina, CPA
6 Shanel Food Service 495-697-048-098 Caritan Norte, Tuguegarao City, Cagayan Jasper Molina, CPA
7 Honey Industrial 480-284-278-174 Buntun Highway, Tuguegarao City, Cagayan Jasper Molina, CPA
 AUGUST'S CAKIES
CHART OF ACCOUNTS
ASSETS RE
110 Cash Cash 410
120 Accounts Receivable Trade and other Receivables 420
130 Merchandise Inventory Inventory 430
140 Supplies Prepayments C
150 Prepaid Insurance Prepayments 510
160 Land Property, Plant and, Equipment 520
170 Building Property, Plant and, Equipment 530
175 Acc. dep - Building Property, Plant and, Equipment 540
180 Equipment Property, Plant and, Equipment EXP
185 Acc. dep - Equipment Property, Plant and, Equipment 610
LIABILITIES 620
210 Account's Payable Trade and Other Payables 630
220 Salaries Payable Trade and Other Payables 640
230 Mortgage Payable Long term Liabilities 650
EQUITY 660
310 Owner's capital Equity 670
320 Owner's withdrawals Equity 680
330 Income Summary Equity 690
AKIES
COUNTS
REVENUE
Sales Sales
Sales Return and Allowances Sales
Sales Discounts Sales
COGS
Purchases COGS
Purchase Return and Allowances COGS
Purchase Discounts COGS
Transportation In COGS
EXPENSES
salaries expense Operating Expenses
supplies expense Operating Expenses
insurance expense Operating Expenses
Depreciation Expense - bldg Operating Expenses
Depreciation Expense - equipment Operating Expenses
Transportation out Operating Expenses
advertising expense Operating Expenses
Interest Expense Operating Expenses
Missellaneous Expense Operating Expenses
 August's Cakies
GENERAL JOURNAL

Date
2023 PARTICULARS PR DEBIT CREDIT
February 7 Advertising Expense ₱6,000.00
Cash ₱6,000.00

9 Transportation In ₱4,000.00
Cash ₱4,000.00

10 Sales Return and Allowances ₱70,000.00

Accounts Receivable ₱70,000.00

18 Transportation Out ₱4,000.00

Cash ₱4,000.00

24 Transportation In ₱9,000.00
Cash ₱9,000.00

26 Sales Return and Allowances ₱71,000.00

Accounts Receivable ₱71,000.00

28 August, Withdrawal ₱400,000.00

Cash ₱400,000.00

28 Accounts Payable ₱25,000.00

Purchase Return and Allowances ₱25,000.00

TOTAL ₱564,000.00 ₱564,000.00

 August's Cakies
CASH RECEIPTS JOURNAL

Date OR Invoice Accounts Receivable

2023 No. No. Accounts Credited PR Credit
February 1 Accounts Receivable ₱113,000.00

12 ₱200,000.00

23 Accounts Receivable ₱392,000.00

TOTAL ₱705,000.00
Cakies
TS JOURNAL

Sales Output VAT Sales Discount Cash

Credit Credit debit Debit
₱113,000.00

₱250,000.00 ₱250,000.00

₱4,000.00 ₱196,000.00

₱7,840.00 ₱384,160.00

₱250,000.00 ₱11,840.00 ₱943,160.00

 August's Cakies
SALES JOURNAL

Date Invoice Sales Output VAT

2023 No. Accounts Debited PR Credit Credit
February 5 Accounts Receivable ₱270,000.00

16 Accounts Receivable ₱392,000.00

25 Accounts Receivable ₱420,000.00

TOTAL ₱1,082,000.00
 Page 1
Accounts Receivable
Debit
₱270,000.00

₱392,000.00

₱420,000.00

₱1,082,000.00
 August's Cakies
PURCHASES JOURNAL

Date Invoice Purchases Input VAT

2023 No. Accounts Credited PR Debit Debit
February 4 Accounts Payable ₱170,000.00

20 Accounts Payable ₱125,000.00

24 Accounts Payable ₱373,000.00

TOTAL ₱668,000.00
 Page 1
Accounts Payable
Credit
₱170,000.00

₱125,000.00

₱373,000.00

₱668,000.00
 August's C
CASH DISBURSEME

Date Check Voucher Check Sundry

2023 No. No. Accounts Debited PR Debit (Credit)
February 2 Accounts Payable

8 Accounts Payable

14 Interest Expense ₱26,000.00

15 Salaries Expense

19 Supplies ₱21,000.00

22 Miscellaneous Expense ₱7,000.00

TOTAL ₱54,000.00
 August's Cakies
CASH DISBURSEMENTS JOURNAL

Salaries Expense SSS,PH,PAG-IBIG PAYABLE Withholding Tax Payable Accounts Payable

Debit Debit (Credit) Debit (Credit) Debit
₱64,000.00

₱170,000.00

₱51,000.00

₱51,000.00 ₱234,000.00
Purchase Discount Cash
Credit Credit
₱1,920.00 ₱62,080.00

₱5,100.00 ₱164,900.00

₱26,000.00

₱51,000.00

₱21,000.00

₱7,000.00

₱7,020.00 ₱331,980.00
 August Cakies
GENERAL LEDGERS

Account: CASH 110 Account: SUPPLIES

Date Item PR Debit Credit Balance Date
February Beggining Balance Beg.Bal. ₱33,000.00 ₱33,000.00
1 Sold Merchandise J2 ₱113,000.00 ₱146,000.00 19
2 Payment of Merchandise J5 ₱62,080.00 ₱83,920.00
7 Payment for Advertising J1 ₱6,000.00 ₱77,920.00 Account: PREPAID INSURANCE
7 Cash Sales J2 ₱250,000.00 ₱327,920.00 Date
8 Payment for Merchandise J5 ₱164,900.00 ₱163,020.00
9 Payment for Freight Charges J1 ₱4,000.00 ₱159,020.00
12 Collection of Receivable J2 ₱196,000.00 ₱355,020.00
14 Payment for Interest J5 ₱26,000.00 ₱329,020.00 Account: LAND
15 Payment for Salaries J5 ₱51,000.00 ₱278,020.00 Date
18 Payment for Freight Charges J1 ₱4,000.00 ₱274,020.00
19 Payment of Supplies J5 ₱21,000.00 ₱253,020.00
22 Payment of Miscellaneous J5 ₱7,000.00 ₱246,020.00
23 Collection of Receivable J2 ₱384,160.00 ₱630,180.00 Account: BUILDING
24 Payment of freight Charges J1 ₱9,000.00 ₱621,180.00 Date
28 August's Withdrawal J1 ₱400,000.00 ₱221,180.00

Account: ACCOUNTS RECEIVABLE 120

Date Item PR Debit Credit Balance Account: ACCUMULATED DEPRECIATION
Beggining Balance Beg.Bal. ₱192,000.00 ₱192,000.00 Date
1 Collection from Customer J2 ₱113,000.00 ₱79,000.00
5 Sold Merchandise on Account J3 ₱270,000.00 ₱349,000.00
10 Return of Merchandise J1 ₱70,000.00 ₱279,000.00
12 Collection from Customer J2 ₱200,000.00 ₱79,000.00 Account: EQUIPMENT
16 Sold Merchandise on Account J3 ₱392,000.00 ₱471,000.00 Date
23 Collection from Customer J2 ₱392,000.00 ₱79,000.00
25 Sold Merchandise on Account J3 ₱420,000.00 ₱499,000.00
26 Return of Merchandise J1 ₱71,000.00 ₱428,000.00
Account: ACCUMULATED DEPRECIATION
Account: MERCHANDISE INVENTORY 130 Date
Date Item PR Debit Credit Balance
Beggining Balance Beg.Bal. ₱413,000.00 Beg.Bal. ₱413,000.00
Account: SUPPLIES 140
Item PR Debit Credit Balance
Beggining Balance Beg.Bal. ₱51,000.00 ₱51,000.00
Bought Supplies J5 ₱21,000.00 ₱72,000.00

Account: PREPAID INSURANCE 150

Item PR Debit Credit Balance
Beggining Balance Beg.Bal. ₱48,000.00 ₱48,000.00

Account: LAND 160

Item PR Debit Credit Balance
Beginning Balance Beg.Bal. ₱460,000.00 ₱460,000.00

Account: BUILDING 170

Item PR Debit Credit Balance
Beginning Balance Beg.Bal. ₱1,750,000.00 ₱1,750,000.00

Account: ACCUMULATED DEPRECIATION-BLDG 175

Item PR Debit Credit Balance
Beginning Balance Beg.Bal. ₱350,000.00 ₱350,000.00

Account: EQUIPMENT 180

Item PR Debit Credit Balance
Beginning Balance Beg.Bal. ₱2,310,000.00 ₱2,310,000.00

Account: ACCUMULATED DEPRECIATION-EQUIPMENT 185

 Item PR Debit Credit Balance
Beginning Balance Beg.Bal. ₱630,000.00 ₱630,000.00
 August Cakies
GENERAL LEDGERS

Account: ACCOUNTS PAYABLE 210

Date Item PR Debit Credit Balance
Beginning Balance Beg.Bal. ₱108,000.00 ₱108,000.00
2 Payment of Purchases J5 ₱64,000.00 ₱44,000.00
4 Purchases on Account J4 ₱170,000.00 ₱214,000.00
8 Payment of Purchases J5 ₱170,000.00 ₱44,000.00
20 Purchases on Account J4 ₱125,000.00 ₱169,000.00
24 Purchases on Account J4 ₱373,000.00 ₱542,000.00
28 Return of Purchases J1 ₱25,000.00 ₱517,000.00

Account: MORTGAGE PAYABLE 230

Date Item PR Debit Credit Balance
Beginning Balance Beg.Bal. ₱2,600,000.00 ₱2,600,000.00
 A
GEN

Account: AUGUST'S CAPITAL 310 Account: SALES

Date Item PR Debit Credit Balance Date
Beginning Balance Beg.Bal. ₱1,569,000.00 ₱1,569,000.00 5
7
16
Account: AUGUST'S DRAWINGS 320 25
Date Item PR Debit Credit Balance
28 August's Withdrawals J1 ₱400,000.00 ₱400,000.00 Account: SALES RETURN AND ALLOWANCES
Date
10
26

Account: SALES DISCOUNTS

Date
12
23
 August Cakies
GENERAL LEDGERS

Account: SALES 410 Account: PURCHASES

Item PR Debit Credit Balance Date
Merchandise Sold on Account J3 ₱270,000.00 ₱270,000.00 4
Cash Sales J2 ₱250,000.00 ₱520,000.00 20
Merchandise Sold on Account J3 ₱392,000.00 ₱912,000.00 24
Merchandise Sold on Account J3 ₱420,000.00 ₱1,332,000.00
Account: PURCHASE RETURN AND ALLOWANCES
Account: SALES RETURN AND ALLOWANCES 420 Date
Item PR Debit Credit Balance 28
Received Returned Dective Goods J1 ₱70,000.00 ₱70,000.00
Received Returned Dective Goods J1 ₱71,000.00 ₱141,000.00
Account: PURCHASE DISCOUNTS
Account: SALES DISCOUNTS 430 Date
Item PR Debit Credit Balance 2
Collection Within the Discount period J2 ₱4,000.00 ₱4,000.00 8
Collection Within the Discount period J2 ₱7,840.00 ₱11,840.00
Account: TRANSPORTATION IN
Date
9
24
Account: PURCHASES 510
Item PR Debit Credit Balance
Credit Purchases J4 ₱170,000.00 ₱170,000.00
Credit Purchases J4 ₱125,000.00 ₱295,000.00
Credit Purchases J4 ₱373,000.00 ₱668,000.00

Account: PURCHASE RETURN AND ALLOWANCES 520

Item PR Debit Credit Balance
Return of Defective Goods J1 ₱25,000.00 ₱25,000.00

Account: PURCHASE DISCOUNTS 530

Item PR Debit Credit Balance
Payment Within the Discount Period J5 ₱1,920.00 ₱1,920.00
Payment Within the Discount Period J5 ₱5,100.00 ₱7,020.00

Account: TRANSPORTATION IN 540

Item PR Debit Credit Balance
Freight Charges J1 ₱4,000.00 ₱4,000.00
Freight Charges J1 ₱9,000.00 ₱13,000.00
 August Cakies
GENERAL LEDGER

Account: SALARIES EXPENSE 610 Account: INTEREST EXPENSE

Date Item PR Debit Credit Balance Date Item PR
15 Payment for Salaries J5 ₱51,000.00 ₱51,000.00 14 Paid the Interest J5

Account: TRANSPORTATION OUT 660 Account: MISCELLANEOUS EXPENSE

Date Item PR Debit Credit Balance Date Item PR
18 Freight charges J1 ₱4,000.00 ₱4,000.00 22 Paid Miscellaneous Fee J5

Account: ADVERTISING EXPENSE 670

Date Item PR Debit Credit Balance
7 Paid Advertising J1 ₱6,000.00 ₱6,000.00
 680
Debit Credit Balance
₱26,000.00 ₱26,000.00

690
Debit Credit Balance
₱7,000.00 ₱7,000.00
 August's Cakies
Adjusting Journal Entries
For the Month of February 2023

Particulars Debit Credit

a. Salaries Expense ₱51,000.00
Salaries Payable ₱51,000.00

b. Insurance Expense ₱2,000.00

Prepaid Insurance ₱2,000.00

c. Depreciation Expense ₱9,000.00

Accumulated Depreciation -bldg ₱9,000.00

Depreciation Expense ₱12,000.00

Accumulated Depreciation -equipment ₱12,000.00

d. Supplies Expense ₱58,000.00

Supplies ₱58,000.00

e. 2/28/23 Merchandise Inventory ₱397,000.00

Income Summary ₱397,000.00

TOTAL ₱529,000.00 ₱529,000.00

 As

Account Titles Unadjusted Trial Balance Adjustme

Account No. . Debit Credit .
110 Cash ₱221,180.00
120 Accounts Receivable ₱428,000.00
130 Merchandise Inventory ₱413,000.00
140 Supplies ₱72,000.00
150 Prepaid Insurance ₱48,000.00
160 Land ₱460,000.00
170 Building ₱1,750,000.00
175 Accumulated Depreciation-Building ₱350,000.00
180 Equipment ₱2,310,000.00
185 Accumulated Depreciation-Equipment ₱630,000.00
210 Accounts Payable ₱517,000.00
220 Salaries Payable
230 Mortgage Payable ₱2,600,000.00
310 August's Capital ₱1,569,000.00
320 August's Withdrawals ₱400,000.00
330 Income Summary
410 Sales ₱1,332,000.00
420 Sales Return and Allowances ₱141,000.00
430 Sales Discounts ₱11,840.00
510 Purchases ₱668,000.00
520 Purchase Returns and Allowances ₱25,000.00
530 Purchase Discounts ₱7,020.00
540 Transportation In ₱13,000.00
610 Salaries Expense ₱51,000.00 a.
620 Supplies Expense d.
630 Insurance Expense b.
640 Depreciaiton Expense - bldg c.
650 Depreciation Expense - equipment c.
660 Transportation Out ₱4,000.00
670 advertisinhg expense ₱6,000.00
680 Interest Expense ₱26,000.00
690 Misellaneous Expense ₱7,000.00

TOTAL ₱7,030,020.00 ₱7,030,020.00

 August's Cakies
Worksheet
As of February 28, 2023

Adjustments Adjusted Trial Balance Statement of Comp. Income

Debit . Credit Debit Credit Debit
₱221,180.00
₱428,000.00
₱413,000.00 ₱413,000.00
d. ₱58,000.00 ₱14,000.00
b. ₱2,000.00 ₱46,000.00
₱460,000.00
₱1,750,000.00
c. ₱9,000.00 ₱359,000.00
₱2,310,000.00
c. ₱12,000.00 ₱642,000.00
₱517,000.00
a. ₱51,000.00 ₱51,000.00
₱2,600,000.00
₱1,569,000.00
₱400,000.00

₱1,332,000.00
₱141,000.00 ₱141,000.00
₱11,840.00 ₱11,840.00
₱668,000.00 ₱668,000.00
₱25,000.00
₱7,020.00
₱13,000.00 ₱13,000.00
₱51,000.00 ₱102,000.00 ₱102,000.00
₱58,000.00 ₱58,000.00 ₱58,000.00
₱2,000.00 ₱2,000.00 ₱2,000.00
₱9,000.00 ₱9,000.00 ₱9,000.00
₱12,000.00 ₱12,000.00 ₱12,000.00
₱4,000.00 ₱4,000.00
₱6,000.00 ₱6,000.00
₱26,000.00 ₱26,000.00
7,000.00 7,000.00

₱132,000.00 132,000.00 7,102,020.00 7,102,020.00 ₱1,472,840.00

₱288,180.00
₱1,761,020.00
atement of Comp. Income Statement of Financial Position
Credit Debit Credit
₱221,180.00
₱428,000.00
₱397,000.00 ₱397,000.00
₱14,000.00
₱46,000.00
₱460,000.00
₱1,750,000.00
₱359,000.00
₱2,310,000.00
₱642,000.00
₱517,000.00
₱51,000.00
₱2,600,000.00
₱1,569,000.00
₱400,000.00

₱1,332,000.00

₱25,000.00
₱7,020.00

₱1,761,020.00 ₱6,026,180.00 ₱5,738,000.00

₱288,180.00
₱1,761,020.00 ₱6,026,180.00 ₱6,026,180.00
 AUGUST'S CAKIES
STATEMENT OF COMPREHENSIVE INCOME
FOR THE MONTH ENDED FEBRUARY 28, 2023

Revenue - Net
Gross Sales
Less: Sales Return and Allowances ₱141,000.00
Sales Discounts ₱11,840.00
Net Sales

Cost of Goods Sold

Merchandise Inventory 2/28/23 ₱413,000.00
Purchases ₱668,000.00
less: Purchase Return and Allowances ₱25,000.00
Purchase Discounts ₱7,020.00 ₱32,020.00
Net Purchases ₱635,980.00
Transportation In ₱13,000.00
Net Cost of Purchases ₱648,980.00
Goods Available for Sale ₱1,061,980.00
Less: Merchandise Inventory 2/28/23 ₱397,000.00
Cost of Sales
Gross Profit
Operating Expenses
Selling Expense
Transportation Out ₱4,000.00
Advertising Expense ₱6,000.00
Total Selling Expense ₱10,000.00
Administrative Expense
Salaries Expense ₱102,000.00
Supplies Expense ₱58,000.00
Insurance Expense ₱2,000.00
Depreciation Expense - bldg ₱9,000.00
Depreciation Expense - Equipment ₱12,000.00
Total Administrative Expense ₱183,000.00
Other Operating Expenses
Interest Expense ₱26,000.00
Miscellaneous Expense ₱7,000.00
Total Other Operating Expenses ₱33,000.00
Total Operating Expense
Net Income
₱1,332,000.00

₱152,840.00
₱1,179,160.00

₱664,980.00
₱514,180.00

₱226,000.00
₱288,180.00
 AUGUST'S CAKIES
STATEMENT OF FINANCIAL POSITION
FOR THE MONTH OF FEBRUARY

2023
ASSETS
Current Assets
Cash ₱221,180.00
Trade and Other Receivables ₱428,000.00
Inventories ₱397,000.00
Prepayments and Current Other Assets ₱60,000.00
TOTAL CURRENT ASSETS ₱1,106,180.00
Non-Current Assets
Property, Plant and Equipment ₱4,520,000.00
Accumulated Depreciation - Plant and Equipment ₱1,001,000.00
TOTAL NON-CURRENT ASSETS ₱3,519,000.00
TOTAL ASSETS ₱4,625,180.00

LIABILITIES
Current Liabilities
Trade and Other Payables ₱568,000.00
Accrued Payables
TOTAL CURRENT LIABILITIES ₱568,000.00
Non-Current Liabilities
Long term Debts ₱2,600,000.00
TOTAL NON-CURRENT LIABILITIES ₱2,600,000.00
TOTAL LIABILITIES ₱3,168,000.00

EQUITY
Owner's Capital ₱1,857,180.00
Owner's Drawings ₱400,000.00
TOTAL EQUITY ₱1,457,180.00
TOTAL LIABILITIES AND OWNER'S EQUITY ₱4,625,180.00
 AUGUST'S CAKIES
STATEMENT OF FINANCIAL POSITION
For The Month of February

ASSETS
CURRENT ASSETS
Cash
Accounts Receivable
Merchandise Inventory
Supplies
Prepaid Insurance
TOTAL CURRENT ASSETS

NON-CURRENT ASSETS
Land
Building ₱1,750,000.00
Less: Accumulated Depreciation - bldg ₱359,000.00
Equipment ₱2,310,000.00
Less: Accumulated Depreciation - Equipment ₱642,000.00
TOTAL NON-CURRENT ASSETS
TOTAL ASSETS

LIABILITIES AND EQUITY

LIABILITIES
CURRENT LIABILITIES
Accounts Payable
Salaries Payablle
TOTAL CURRENT LIABILITIES
NON-CURRENT LIABILITIES
Mortgage Payable
TOTAL NON-CURRENT LIABILITIES
TOTAL LIABILITIES

OWNER'S EQUITY
August's Capital 2/1/2023
Less: August's Withdrawals
Add: Net Income
TOTAL OWNER'S EQUITY

TOTAL LIABILITIES AND EQUITY

 ₱221,180.00
₱428,000.00
₱397,000.00
₱14,000.00
₱46,000.00
₱1,106,180.00

₱460,000.00

₱1,391,000.00

₱1,668,000.00
₱3,519,000.00
₱4,625,180.00

₱517,000.00
₱51,000.00
₱568,000.00

₱2,600,000.00
₱2,600,000.00
₱3,168,000.00

₱1,569,000.00
₱400,000.00
₱288,180.00
₱1,457,180.00

₱4,625,180.00
 AUGUST'S CAKIES
STATEMENT OF CHANGES IN EQUITY
FOR THE MONTH OF FEBRUARY 2023

August's Capital, 2/28/23 ₱1,569,000.00

Add: Profit ₱288,180.00
Total ₱1,857,180.00
Less: Withdrawals ₱400,000.00
August's , Owner's Equity, 2/28/23 ₱1,457,180.00
 August's Cakies
POST-CLOSING TRIAL BALANCE
As of March 31, 2023

Account Titles Debit Credit

Cash ₱221,180.00
Accounts Receivable ₱428,000.00
Merchandise Inventory ₱397,000.00
Supplies ₱14,000.00
Prepaid Insurance ₱46,000.00
Land ₱460,000.00
Building ₱1,750,000.00
Accumulated Depreciation - bldg ₱359,000.00
Equipment ₱2,310,000.00
Accumulated Depreciation - Equipment ₱642,000.00
Accounts Payable ₱517,000.00
Salaries Payable ₱51,000.00
Mortgage Payable ₱2,600,000.00
August's Capital ₱1,457,180.00
TOTAL ₱5,626,180.00 ₱5,626,180.00
 August's Cakies
Sales Journal

Accounts Quantity
Date Invoice Customer Debited PR Chocolate Sold
2023 No. No. ₱2,500.00
 Quantity Quantity Quantity Quantity
Butter Cream Sold Ube Sold Carrot Sold Vanilla Sold
₱3,000.00 ₱4,500.00 ₱5,000.00 ₱40.00
 Quantity Quantity cookies n Quantity Total Invoice
Red Velvet Sold Strawberry Sold cream Sold Amount No.
₱80.00 ₱60.00 ₱70.00
₱0.00
₱0.00
₱0.00
₱0.00
₱0.00
₱0.00
₱0.00
₱0.00
₱0.00
₱0.00
₱0.00
₱0.00
₱0.00
₱0.00
₱0.00
₱0.00
₱0.00
₱0.00
₱0.00
₱0.00
₱0.00
₱0.00
₱0.00
₱0.00
Sales Sales Sales Bank Accounts
Discounts Returns Allowances sales Cash Gcash Transfer Receivable

₱0.00
₱0.00
₱0.00
₱0.00
₱0.00
₱0.00
₱0.00
₱0.00
₱0.00
₱0.00
₱0.00
₱0.00
₱0.00
₱0.00
₱0.00
₱0.00
₱0.00
₱0.00
₱0.00
₱0.00
₱0.00
₱0.00
₱0.00
₱0.00
 August Cakies
Cash Receipts Journal

INVOICE Advances - Advances -

Date OR NO. NO. employee customers
2023 ACCOUNTS CREDITED PR Credit Credit
ugust Cakies
Receipts Journal

Cash in Cash in
Bank Accounts bank, bank, Accounts
Loan Sundry Receivable Sales Cash BDO BPI Receivable
Credit Credit Credit Credit Debit Debit Debit Debit
 August's Cakies
2-Year Cash Flow
For the Year Ending 31/12/2022 31/12/2023
Cash at Beginning of Year 0
Cash at End of Year

Operations 2022 2023

Cash receipts from
Customers
Other operations
Cash paid for
Inventory purchases
General operating and administrative expenses
Salaries expenses
Interest
Net Cash Flow from Operations

[42] Investing Activities

Cash receipts from
Sale of property and equipment
Collection of principal on loans
Sale of investment securities
Cash paid for
Purchase of property and equipment
Making loans to other entities
Purchase of investment securities
Net Cash Flow from Investing Activities

Financing Activities
Cash receipts from
Issuance of stock
Borrowing
Cash paid for
Repurchase of stock (treasury stock)
Repayment of loans
Dividends
Net Cash Flow from Financing Activities

Net Cash Flow