KASHATO SHIRTS

WORKSHEET
October 31, 2008

NO.
ACCOUNT TITLE
100 Cash
101 Petty Cash
110 Notes Receivable
111 Interest Receivable
112 Accounts Receivable
113 Allowance for Uncollectible Accounts
120 Merchandise Inventory
130 Supplies
140 Prepaid Insurance
141 Prepaid Rent
150 Furniture and Fixtures
151 Accum. Dep. - Furniture & Fixture
152 Equipment
153 Accum. Dep. - Equipment
154 Service Vehicle
155 Accum. Dep. - Service Vehicle
160 Rent Deposit
161 Utilities Deposit
200 Notes Payable
201 Interest Payable
202 Accounts Payable
210 Salaries Payable
211 SSS and EC Contribution Payable
212 Philhealth Contribution Payable
213 PAG-IBIG Contribution Payable
214 Withholding Tax Payable
220 Rent Payable
221 Utilities Payable
230 Value Added Tax Payable
230-1 Input Vat
230-2 Output Vat
240 Voucher's Payable
300 Therese Ballada , Capital
301 Therese Ballada, Withdrawals
400 Sales
401 Sales Discounts
402 Sales Returns and Allowances
410 Interest Income

UNADJUSTED
TRIAL BALANCE
DEBIT
CREDIT
854,253.66
16,000.00
33,600.00
0.00
188,160.00
2,688.00
871,200.00
32,272.00
12,750.00
150,000.00
676,000.00
74,250.00
735,000.00
134,500.00
410,000.00
33,000.00
150,000.00
18,500.00
0.00
0.00

ADJUSTMENTS
DEBIT
CREDIT
22,400.00

134.40
22,400.00
4,771.20
22,772.00
2,750.00
50,000.00
7,056.00
12,250.00
5,500.00

0.00
0.00
0.00
0.00

ADJUSTED
TRIAL BALANCE
DEBIT
CREDIT
876,653.66
16,000.00
33,600.00
134.40
165,760.00
7,459.20
871,200.00
9,500.00
10,000.00
100,000.00
676,000.00
81,306.00
735,000.00
146,750.00
410,000.00
38,500.00
150,000.00
18,500.00

482,049.00

482,049.00

15,400.00
5,175.00
1,800.00
34,721.02

15,400.00
5,175.00
1,800.00
34,721.02

123,050.40

123,050.40

0.00
14,052.00
662,195.42
2,501,008.67

14,052.00
662,195.42
2,501,008.67

205,000.00

205,000.00
1,896,200.00

1,896,200.00

5,640.00

5,640.00

4,000.00

4,000.00
1,600.00

134.40

1,734.40

500 Purchases
501 Transportation IN
502 Purchases Discounts
503 Purchases Returns and Allowances
600 Advertising Expense
601 Supplies Expense
602 Insurance Expense
603 Rent Expense
604 Utilities Expense
605 Repairs and maintenance Expense
610 Salaries Expense
611 SSS and EC Contribution Expense
612 Philhealth Contribution Expense
613 PaG-IBIG Contribution Expense
620 Uncollectible Accounts Expense
630 Dep. Exp. - Furniture and Fixture
631 Dep. Exp. - Equipment
632 Dep. Exp - Service vehicle
640 Miscellaneous Expense
650 Interest Expense
TOTALS
NET INCOME

684,400.00
4,000.00

684,400.00
4,000.00
10,400.00
10,000.00

10,400.00
10,000.00

8,000.00

8,000.00
22,772.00
2,750.00
50,000.00
22,300.00
7,400.00
233,000.00
10,563.60
2,587.50
900.00
4,771.20
7,056.00
12,250.00
5,500.00
784.00
3,833.33

22,772.00
2,750.00
50,000.00
22,300.00
7,400.00
233,000.00
10,563.60
2,587.50
900.00
4,771.20
7,056.00
12,250.00
5,500.00
784.00
3,833.33
5,340,144.09

5,339,894.09
250.00

789,829.02

789,829.02

5,369,855.69

5,369,605.69

INCOME
STATEMENT
DEBIT
CREDIT

BALANCE SHEET
DEBIT
876,653.66
16,000.00
33,600.00
134.40
165,760.00

CREDIT

7,459.20
871,200.00

700,360.00

700,360.00
9,500.00
10,000.00
100,000.00
676,000.00
81,306.00
735,000.00
146,750.00
410,000.00
38,500.00
150,000.00
18,500.00

482,049.00
15,400.00
5,175.00
1,800.00
34,721.02

123,050.40
14,052.00
2,501,008.67
205,000.00
1,896,200.00
5,640.00
4,000.00
1,734.40

684,400.00
4,000.00
10,400.00
10,000.00
8,000.00
22,772.00
2,750.00
50,000.00
22,300.00
7,400.00
233,000.00
10,563.60
2,587.50
900.00
4,771.20
7,056.00
12,250.00
5,500.00
784.00
3,833.33
1,963,707.63
654,986.77

2,618,694.40

4,106,508.06

3,451,271.29
655,236.77

2,618,694.40

2,618,694.40

4,106,508.06

4,106,508.06

Kashato Shirt Company

Income Statement
For the Month Ended Oct. 31, 2010

Net Sales
Gross Sales
Sales Discounts

5,640.00

Sales Returns and Allowances

4,000.00

Less:
Net Sales
Cost of Goods Sold
Merchandise Iinventory 10/1/10

871,200.00

Add:Purchases

684,400.00

Purchases Discounts

10,400.00

Purchases Returns and Allowances

10,000.00

Less:
Add:Transportation IN

20,400.00
4,000.00

Available for Sale

Less:Merchandise Iinventory 10/31/10
Cost of Sales
Gross Profit
Operating Expenses
Selling Expenses
Advertising Expense
Supplies Expense
Insurance Expense

8,000.00
22,772.00
2,750.00

Total:Selling Expenses
Rent Expense

50,000.00

Utilities Expense

22,300.00

Repairs and maintenance Expense

Salaries Expense
SSS and EC Contribution Expense
Philhealth Contribution Expense
PaG-IBIG Contribution Expense

7,400.00
233,000.00
10,313.60
2,587.50
900.00

Uncollectible Accounts Expense

4,771.20

Dep. Exp. - Furniture and Fixture

7,056.00

Dep. Exp. - Equipment

Dep. Exp - Service vehicle
Miscellaneous Expense
Interest Expense
Total:Admistrative Expenses
Total:Operating Expense
Add: Interest Income

12,250.00
5,500.00
784.00
3,833.33

Profit

1, 2010

1,896,200.00

9,640.00
1,886,560.00

1,539,200.00
700,360.00
838,840.00

33,522.00

360,695.63
394,217.63
1,734.40

655,236.77

Kashato Shirt Company

Statement of Changes in Equity
For the Month Ended Oct. 31, 2010

Therese Ballada , Owners Equity 10/1/13

Add:Profit
Total
Less:Withdrawal
Therese Ballada , Owners Equity 10/31/13

2,501,008.67

655236.77
3,156,245.44
205,000.00

2,951,245.44

Kashato Shirt Company

Balance Sheet
Oct. 31, 2010

ASSETS
Current Assets
Cash
Petty Cash
Notes Receivable
Interest Receivable
Accounts Receivable
Allowance for Uncollectible Accounts
Merchandise Inventory
Supplies
Prepaid Insurance
Prepaid Rent
Total Current Assets
Non-current Assets
Furniture and Fixtures
Accum. Dep. - Furniture & Fixture
Equipment
Accum. Dep. - Equipment
Service Vehicle
Accum. Dep. - Service Vehicle
Rent Deposit
Utilities Deposit
Total Non-current Assets
Total Assets

876,653.66
16,000.00
33,600.00
134.40
165,760.00
700,360.00
9,500.00
10,000.00
100,000.00

676,000.00
735,000.00
410,000.00
150,000.00
18,500.00

LIABILITIES
Current Liabilities
Accounts Payable
SSS and EC Contribution Payable
Philhealth Contribution Payable
PAG-IBIG Contribution Payable
Withholding Tax Payable
Value Added Tax Payable
Total Liabilities
OWNERS EQUITY
Therese Ballada , Owners Equity 10/31/13
Total Liabilities and Owners Equity

pany

7,459.20

1,904,548.86

81,306.00
146,750.00
38,500.00

1,722,944.00
3,627,492.86

482,049.00
15,400.00
5,175.00
1,800.00
34,721.02

14,052.00
123,050.40
676,247.42

2951245.44
3,627,492.86

0.00

Kashato Shirts
Bank Reconciliation
31-Oct-10
Balance per book
Add: Note collected by bank
Adjusted book balance

Balance per Bank

Add: Deposit in Transit
Total
Less: Outstanding Checks
Check No. 81213
Check No. 81214
Check No. 81215
Adjusted bank balance

16,800.00
8,176.00
8,960.00

876,653.66

22,400.00
854,253.66

865,588.66
45,000.00

33,963.00
876,625.66

(22,372.00)

Kashato Shirt Company

Post closing Trial Balance
31-Oct-10

Cash
Petty Cash
Notes Receivable
Interest Receivable
Accounts Receivable
Allowance for Uncollectible Accounts
Merchandise Inventory
Supplies
Prepaid Insurance
Prepaid Rent
Furniture and Fixtures
Accum. Dep. - Furniture & Fixture
Equipment
Accum. Dep. - Equipment
Service Vehicle
Accum. Dep. - Service Vehicle
Rent Deposit
Utilities Deposit
Accounts Payable
SSS and EC Contribution Payable
Philhealth Contribution Payable
PAG-IBIG Contribution Payable
Withholding Tax Payable
Value Added Tax Payable
Therese Ballada , Owners Equity 10/31/13
Total

876,653.66

16,000.00
33,600.00
134.40
165,760.00
700,360.00

9,500.00
10,000.00
100,000.00
676,000.00
735,000.00
410,000.00
150,000.00
18,500.00

3,901,508.06

7,459.20

81,306.00
146,750.00
38,500.00

482,049.00
15,400.00
5,175.00
1,800.00
34,721.02

14,052.00

123,050.40
2951245.44

3,901,508.06

KASHATO SHIRTS
STATEMENT OF CASH FLOWS
For the month ended October 31, 2010

CASH FLOWS FROM OPERATING ACTIVITIES

Cash received from clients
Payments to suppliers
Payments to employess
Payments to office rent
Payments for maintenance
Payments to office rent
Payments for merchandise inventory
Net cash provided by (used in ) operating activities
CASH FLOWS FROM INVESTING ACTIVITIES
Payments to acquire service vehicle
Payments to acquire equipment
Payments to acquire equipment
Payments to acquire equipment
Net cash provided by (used in ) financing activities
CASH FLOWS FROM FINANCING ACTIVITIES
Cash received as investments by owner
Payments for withdrawals by owner
Net Increase in Cash
Cash balance 3/01/10
Cash balance 3/31/10

87808

26880

2688
1120