JEC'S COFFEE SHOP

PROJECTED BALANCE SHEET

FOR THE YEAR ENDED DECEMBER 31, 2019
JANUARY FEBRUARY MARCH
ASSET:
CASH 579,056.00 1,023,628.48 1,551,949.76
ACCOUNTS RECIEVABLE 1,800,720.00 1,800,720.00 1,800,720.00
INVENTORIES 131,760.00 131,760.00 131,760.00
TOTAL CURRENT ASSET 2,511,536.00 2,956,108.48 3,484,429.76
NON-CURRENT ASSET
BUILDING 1,684,000.00 1,684,000.00 1,684,000.00
ACCUMULATED DEPRECIATION-BUILDING (4,622.22) (9,244.44) (13,866.67)
DINNER WARES/CUTLERIES/GLASSWARE 157,865.00 157,865.00 157,865.00
OTHER KITCHEN WARE 14,050.00 14,050.00 14,050.00
TABLE AND CHAIRS 118,250.00 118,250.00 118,250.00
OFFICE COMPUTER 81,000.00 81,000.00 81,000.00
OVEN 69,000.00 69,000.00 69,000.00
WATER DISPENSER 20,000.00 20,000.00 20,000.00
FIRE EXTINGUISHED 12,000.00 12,000.00 12,000.00
GENERATOR 115,000.00 115,000.00 115,000.00
ACCUMULATED DEPRECIATION-EQUIPMENT (9,911.08) (19,822.17) (29,733.25)
TOTAL NON CURRENT ASSET 2,256,631.69 2,242,098.39 2,227,565.08
TOTAL ASSET 4,768,167.69 5,198,206.87 5,711,994.84

VAT PAYABLE 69,534.12 88,141.32 88,141.32

INCOME TAX PAYABLE 173,588.79 180,578.79 180,578.79
TRADE and other PAYABLE 1,279,270.00 1,262,361.47 1,354,798.94
NON CURRENT ASSET:
NOTES PAYABLE 300,000.00 300,000.00 300,000.00
TOTAL LIABILITIES 1,822,392.91 1,831,081.58 1,923,519.05
PARTNER'S EQUITY:
PEDRO PENDUKO 736,443.70 841,781.32 947,118.95
JUAN DELA CRUZ 736,443.70 841,781.32 947,118.95
PABLO GOMEZ 736,443.70 841,781.32 947,118.95
SATIAGO PANIQUE 736,443.70 841,781.32 947,118.95
TOTAL EQUITY 2,945,774.79 3,367,125.29 3,788,475.80
TOTAL LIABILITIES AND EQUITY 4,768,167.69 5,198,206.87 5,711,994.84
 JEC'S COFFEE SHOP
PROJECTED BALANCE SHEET
FOR THE YEAR ENDED DECEMBER 31, 2019
APRIL MAY JUNE
ASSET:
CASH 2,080,271.04 2,608,592.32 3,136,913.60
ACCOUNTS RECIEVABLE 1,800,720.00 1,800,720.00 1,800,720.00
INVENTORIES 131,760.00 131,760.00 131,760.00
TOTAL CURRENT ASSET 4,012,751.04 4,541,072.32 5,069,393.60
NON-CURRENT ASSET
BUILDING 1,684,000.00 1,684,000.00 1,684,000.00
ACCUMULATED DEPRECIATION-BUILDING (18,488.89) (23,111.11) (27,733.33)
DINNER WARES/CUTLERIES/GLASSWARE 157,865.00 157,865.00 157,865.00
OTHER KITCHEN WARE 14,050.00 14,050.00 14,050.00
TABLE AND CHAIRS 118,250.00 118,250.00 118,250.00
OFFICE COMPUTER 81,000.00 81,000.00 81,000.00
OVEN 69,000.00 69,000.00 69,000.00
WATER DISPENSER 20,000.00 20,000.00 20,000.00
FIRE EXTINGUISHED 12,000.00 12,000.00 12,000.00
GENERATOR 115,000.00 115,000.00 115,000.00
ACCUMULATED DEPRECIATION-EQUIPMENT (39,644.33) (49,555.42) (59,466.50)
TOTAL NON CURRENT ASSET 2,213,031.78 2,198,498.47 2,183,965.17
TOTAL ASSET 6,225,782.82 6,739,570.79 7,253,358.77

VAT PAYABLE 88,141.32 88,141.32 88,141.32

INCOME TAX PAYABLE 180,578.79 180,578.79 180,578.79
TRADE and other PAYABLE 1,447,236.41 1,539,673.87 1,632,111.34
NON CURRENT ASSET:
NOTES PAYABLE 300,000.00 300,000.00 300,000.00
TOTAL LIABILITIES 2,015,956.51 2,108,393.98 2,200,831.45
PARTNER'S EQUITY:
PEDRO PENDUKO 1,052,456.58 1,157,794.20 1,263,131.83
JUAN DELA CRUZ 1,052,456.58 1,157,794.20 1,263,131.83
PABLO GOMEZ 1,052,456.58 1,157,794.20 1,263,131.83
SATIAGO PANIQUE 1,052,456.58 1,157,794.20 1,263,131.83
TOTAL EQUITY 4,209,826.30 4,631,176.81 5,052,527.32
TOTAL LIABILITIES AND EQUITY 6,225,782.82 6,739,570.79 7,253,358.77
 JEC'S COFFEE SHOP
PROJECTED BALANCE SHEET
FOR THE YEAR ENDED DECEMBER 31, 2019
JULY AUGUST SEPTEMBER
ASSET:
CASH 3,665,234.88 4,193,556.16 4,711,336.64
ACCOUNTS RECIEVABLE 1,800,720.00 1,800,720.00 1,800,720.00
INVENTORIES 131,760.00 131,760.00 158,112.00
TOTAL CURRENT ASSET 5,597,714.88 6,126,036.16 6,670,168.64
NON-CURRENT ASSET
BUILDING 1,684,000.00 1,684,000.00 1,684,000.00
ACCUMULATED DEPRECIATION-BUILDING (32,355.56) (36,977.78) (41,600.00)
DINNER WARES/CUTLERIES/GLASSWARE 157,865.00 157,865.00 157,865.00
OTHER KITCHEN WARE 14,050.00 14,050.00 14,050.00
TABLE AND CHAIRS 118,250.00 118,250.00 118,250.00
OFFICE COMPUTER 81,000.00 81,000.00 81,000.00
OVEN 69,000.00 69,000.00 69,000.00
WATER DISPENSER 20,000.00 20,000.00 20,000.00
FIRE EXTINGUISHED 12,000.00 12,000.00 12,000.00
GENERATOR 115,000.00 115,000.00 115,000.00
ACCUMULATED DEPRECIATION-EQUIPMENT (69,377.58) (79,288.67) (89,199.75)
TOTAL NON CURRENT ASSET 2,169,431.86 2,154,898.56 2,140,365.25
TOTAL ASSET 7,767,146.74 8,280,934.72 8,810,533.89

VAT PAYABLE 88,141.32 88,141.32 84,979.08

INCOME TAX PAYABLE 180,578.79 180,578.79 180,578.79
TRADE and other PAYABLE 1,724,548.81 1,816,986.28 1,928,397.19
NON CURRENT ASSET:
NOTES PAYABLE 300,000.00 300,000.00 300,000.00
TOTAL LIABILITIES 2,293,268.92 2,385,706.39 2,493,955.06
PARTNER'S EQUITY:
PEDRO PENDUKO 1,368,469.46 1,473,807.08 1,579,144.71
JUAN DELA CRUZ 1,368,469.46 1,473,807.08 1,579,144.71
PABLO GOMEZ 1,368,469.46 1,473,807.08 1,579,144.71
SATIAGO PANIQUE 1,368,469.46 1,473,807.08 1,579,144.71
TOTAL EQUITY 5,473,877.82 5,895,228.33 6,316,578.84
TOTAL LIABILITIES AND EQUITY 7,767,146.74 8,280,934.72 8,810,533.89
 JEC'S COFFEE SHOP
PROJECTED BALANCE SHEET
FOR THE YEAR ENDED DECEMBER 31, 2019
OCTOBER NOVEMBER DECEMBER
ASSET:
CASH 5,253,360.96 5,913,863.87 6,574,366.78
ACCOUNTS RECIEVABLE 2,160,864.00 2,160,864.00 2,160,864.00
INVENTORIES 158,112.00 158,112.00 158,112.00
TOTAL CURRENT ASSET 7,572,336.96 8,232,839.87 8,893,342.78
NON-CURRENT ASSET
BUILDING 1,684,000.00 1,684,000.00 1,684,000.00
ACCUMULATED DEPRECIATION-BUILDING (46,222.22) (50,844.44) (55,466.67)
DINNER WARES/CUTLERIES/GLASSWARE 157,865.00 157,865.00 157,865.00
OTHER KITCHEN WARE 14,050.00 14,050.00 14,050.00
TABLE AND CHAIRS 118,250.00 118,250.00 118,250.00
OFFICE COMPUTER 81,000.00 81,000.00 81,000.00
OVEN 69,000.00 69,000.00 69,000.00
WATER DISPENSER 20,000.00 20,000.00 20,000.00
FIRE EXTINGUISHED 12,000.00 12,000.00 12,000.00
GENERATOR 115,000.00 115,000.00 115,000.00
ACCUMULATED DEPRECIATION-EQUIPMENT (99,110.83) (109,021.92) (118,933.00)
TOTAL NON CURRENT ASSET 2,125,831.94 2,111,298.64 2,096,765.33
TOTAL ASSET 9,698,168.90 10,344,138.51 10,990,108.12

VAT PAYABLE 106,166.09 106,166.09 106,166.09

INCOME TAX PAYABLE 225,640.71 225,640.71 225,640.71
TRADE and other PAYABLE 2,223,288.29 2,342,762.91 2,462,237.53
NON CURRENT ASSET:
NOTES PAYABLE 300,000.00 300,000.00 300,000.00
TOTAL LIABILITIES 2,855,095.08 2,974,569.70 3,094,044.32
PARTNER'S EQUITY:
PEDRO PENDUKO 1,710,768.46 1,842,392.20 1,974,015.95
JUAN DELA CRUZ 1,710,768.46 1,842,392.20 1,974,015.95
PABLO GOMEZ 1,710,768.46 1,842,392.20 1,974,015.95
SATIAGO PANIQUE 1,710,768.46 1,842,392.20 1,974,015.95
TOTAL EQUITY 6,843,073.82 7,369,568.81 7,896,063.79
TOTAL LIABILITIES AND EQUITY 9,698,168.90 10,344,138.51 10,990,108.12