Scribd Logo
Upload

Welcome to Scribd!

  • Alfresco Marketing

    Uploaded by

    Arra Fenella Montemayor
    3K views2 pages
    This document summarizes Alfresco Marketing's statement of financial position as of June 30, 2011. It lists the company's current assets of $131,442.16 including cash, accounts receivable, and inventory. Non-current assets include property and equipment of $154,537.50 and other assets of $12,231.61. Current liabilities total $74,282.10, and owner's equity is $223,929.17 held by Mariano Mabuhay. Notes provide additional details on cash, accounts receivable, property and equipment, accounts payable, and the statement of owner's equity.

    Original Description:

    Accounting

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    This document summarizes Alfresco Marketing's statement of financial position as of June 30, 2011. It lists the company's current assets of $131,442.16 including cash, accounts receivable, and inventory. Non-current assets include property and equipment of $154,537.50 and other assets of $12,231.61. Current liabilities total $74,282.10, and owner's equity is $223,929.17 held by Mariano Mabuhay. Notes provide additional details on cash, accounts receivable, property and equipment, accounts payable, and the statement of owner's equity.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    3K views2 pages

    Alfresco Marketing

    Uploaded by

    Arra Fenella Montemayor
    This document summarizes Alfresco Marketing's statement of financial position as of June 30, 2011. It lists the company's current assets of $131,442.16 including cash, accounts receivable, and inventory. Non-current assets include property and equipment of $154,537.50 and other assets of $12,231.61. Current liabilities total $74,282.10, and owner's equity is $223,929.17 held by Mariano Mabuhay. Notes provide additional details on cash, accounts receivable, property and equipment, accounts payable, and the statement of owner's equity.

    Copyright:

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

    ALFRESCO MARKETING

    STATEMENT OF FINANCIAL POSITION


    JUNE 30, 2011
    ASSETS
    Current Assets:
    Cash On Hand and In bank (Note 1)
    Petty Cash Fund
    Accounts Receivable (Note 2)
    Merchandise Inventory (Note 3)
    Prepaid Supplies
    Total
    Property, Plant & Equipment: (Note 4)
    Other Assets: (Note 5)

    P 30,332.51
    94.65
    28,965.00
    71,800.00
    250.00
    P131,442.16
    154,537.50
    12,231.61
    P298,211.27

    LIABILITIES AND CAPITAL


    Current Liabilities:
    Accounts Payable (Note 6)
    Notes Payable
    Interest Payable
    SS and EC Premiums Payable
    Philhealth Premiums Payable
    Pag-ibig Premiums Payable
    Withholding Taxes Payable
    Rent Payable
    Utilities Payable
    Total
    Mariano Mabuhay, Capital
    TOTAL LIABILITIES AND CAPITAL
    Note 1:

    Cash In Bank
    Cash On Hand (undeposited collections)
    Total Cash In Bank and On Hand

    Note 2:

    Accounts Receivable
    International Supermarket
    Paulines
    Fair View
    Vasquez Grocery

    Note 4: Property, Plant & Equipment


    Furniture & Equipment
    Less Accumulated Depreciation
    Delivery Equipment
    Less Accumulated Depreciation
    Total
    Note 5:
    Other Assets:
    Deferred Tax
    Deposit for Rent
    Deposit for Utilities
    Total
    Note 6: Accounts Payable
    Ever Bright

    P 5,400

    P36,900.00
    15,120.00
    151.20
    5,582.00
    1,325.00
    1,000.00
    2,703.90
    10,000.00
    1,500.00
    P 74,282.10
    223,929.17
    P298,211.27

    P 26,485.01
    3,847.50
    P 30,332.51
    P 8,550.00
    3,015.00
    6,300.00
    11,100.00
    P 28,965.00

    P70,000.00
    1,462.50
    P90,000.00
    4,000.00

    P 68,537.50
    86,000.00
    P154,537.50
    P 231.61
    10,000.00
    2,000.00
    P12,231.61

    Natures Best
    Wonder Care

    11,700
    19,800

    P36,900

    ALFRESCO MARKETING
    STATEMENT OF FINANCIAL POSITION
    For the Month Ended JUNE 30, 2011
    Sales
    Less Sales Discount
    Net Sales
    Cost of Sales:
    Inventory Beg.
    Purchases
    Purchases returns
    Purchase discounts
    Inventory End

    73,198.67
    605.48
    P72,593.19
    P 57,790
    P 64,285.72
    (3,214.29)
    (48.21)

    61,023.22
    (71,800.00)
    47,013.22
    P25,579.97

    Gross Profit
    Operating Expenses:
    Depreciation
    Gas and Oil
    Medicare
    Pag-ibig
    Rent
    Repairs
    SS and EC
    Salaries
    Supplies
    Utilities
    Net Operating Loss
    Bank Charges
    Interest Expense
    Net Loss

    P 2,183.00
    850.00
    662.50
    500.00
    10,000.00
    2,247.35
    3,795.40
    53,000.00
    371.35
    1,500.00

    75,109.60
    49,529.63

    P700.00
    151.20

    851.20
    P50,380.83

    ALFRESCO MARKETING
    STATEMENT OF OWNERS EQUITY
    For the Month Ended JUNE 30, 2011
    Mabuhay, Capital June 1
    Less Net Loss
    Drawings
    Mabuhay, Capital, June 30

    P274,510.00
    P50,380.83
    200.00

    50,580.83
    P223,929.17

    You might also like