Professional Documents
Culture Documents
3,765,000.00
288,180.00
Credit
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62,080.00
1,920.00
170,000.00
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5,100.00
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125,000.00
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3,765,000.00
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11,840.00
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58,000.00
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Teresit Buenaflor Company
Statement of Financial Position
As for the month ended February 29, 2020
Non-Current Assets
Land 460,000 460,000
Building 1,750,000 1,750,000
Less: Accumulated Depreciation - Building 359,000 350,000
Equipment 2,310,000 2,310,000
Less: Accumulated Depreciation - Equipment 642,000 630,000
Total Non-current Assets 3,519,000 3,540,000
Total Assets 5,054,180 4,277,000
Non-current Liabilities
Mortgage Payable
Total Non-current Liabilities
Total Liabilities
Owner's Equity
Buenaflor, Capital
Buenaflor, Withdrawals
Total Owner's Equity
Sales
Sales 1332000
Less: Sales Return and Allowances 141000
Sales Discounts 11840
Net Sales 1179160
Cost of Goods Sold 648980
Gross Profit
Operating Expenses
Salaries Expense 102,000
Supplies Expense 58,000
Insurance Expense 2,000
Depreciation Expense - Building 9,000
Depreciation Expense - Equipment 12,000
Transportation Out 4,000
Advertising Expense 6,000
Interest Expense 26,000
Miscellaneous Expense 7,000
Total Operating Expenses 226,000