KCPILLOWS SHOP

FINANCIAL REPORT

August 10, 2013 KCPILLOWS SHOP

KCPILLOWS SHOP Income Statement As of August 10, 2013

Service Revenue Less Operating Expenses: Supplies Miscellaneous Total Operating Expenses Net Income P325 72

P627

397 P230

Figure 1 Income Statement The figure above shows the income statement of KCPillows Shop as of August 10, 2013. The service revenue of the shop is 672Php and its total operating expenses is 397Php. The total net income is 230Php.

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August 10, 2013 KCPILLOWS SHOP

KCPILLOWS SHOP Capital Statement As of August 10, 2013

Capital, August 1, 2013 Net income for the month Increase in Capital Capital, August 10, 2013 P230

P500

230 P730

Figure 2 Capital Statement The figure above shows the capital statement of KCPillows Shop as of August 10, 2013. Starting August 1, the capital was 500Php. The current net income for the month was 230php and the total capital for the month of August was 730Php.

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August 10, 2013 KCPILLOWS SHOP

KCPILLOWS SHOP Balance Sheet August 10, 2013

Assets Current Assets: Cash Accounts Receivable Supplies Total Current Assets Total Assets P430 300 300 P1,030 P1,030

Liabilities Current Liabilities: Unearned Service Revenue Total Liabilities P300 P300

Capital K.Cabildo, Capital Total Liabilities and Capital 730 P1,030

Figure 3 Balance Sheet The figure above shows the balance sheet of KCPillows Shop. The total asset of the business is 1,030php and its total liabilities and capital is 1,030php.

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August 10, 2013 KCPILLOWS SHOP

KCPILLOWS SHOP Statement of Cash Flows As of August 10, 2013

Cash flows from operating activities: Cash received from customers Other operating expenses Net cash used for operating activities Cash flows from financing activities: Cash investment by the owner Cash provided by financing activities Net increase in cash Cash balance, August 1 Cash balance, August 10 P500 500 P430 --P430 P327 (397) (P70)

Figure 4 Statement of Cash Flows The figure above shows the Statement of Cash Flows of KCPillows Shop. The cash balance as of August 10, 2013 is 430Php.

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