SERBIS YU SERVICE CENTER

COMPREHENSIVE INCOME STATEMENT

FOR YEAR ENDED DECEMBER 31, 2019
Notes
Service Revenue ₱78,560
Other Income 1 6,360
Total Income 84,920
Expenses
Salaries (₱21,000)
Communication (1,250)
Postage and Stamps (50)
Insurance (4,100)
Utilities (160)
Supplies (3,150)
Interest (220) (29,930)
Net Income ₱54,990
 SERBIS YU SERVICE CENTER
STATEMENT OF FINANCIAL POSITION
AS OF DECEMBER 31, 2019
Assets Notes
Current Assets
Cash ₱18,540
Trade and Other Receivables 2 22,660
Total of Current Assets 41,200

Non-Current Assets

Total of Non-Current Assets

Property, Plant, and Equipment 3 163,390

Total Assets ₱204,590

Liabilities
Current Liabilities
Trade and Other Payables 4 ₱44,600

Non-Current Liabilities
Mortgage Payable 30,000

Total Liabilities ₱74,600

Owner's Equity
Mr. Yu, Capital 129,990

Total Liabilities and Capital ₱204,590

 SERBIS YU SERVICE CENTER
STATEMENT OF CHANGES IN OWNER'S EQUITY
FOR YEAR ENDED DECEMBER 31, 2019

Mr. Yu, Capital, Beginning ₱85,000

Add: Net Income 54,990
Total 139,990
Less: Mr. Yu, Drawing (10,000)
Mr. Yu, Capital, End ₱129,990

Notes

Note 1 - Other Income

Interest Income ₱360
Rental Income 6,000
Total ₱6,360

Note 2 - Trade and Other Receivables

Accounts Receivable ₱21,460
Notes Receivable 1,200
Total ₱22,660

Note 3 - Property, Plant, and Equipment

Office Equipment ₱12,000
Tools 21,500
Furniture and Fixtures 8,900
Service Vehicle 84,700
Shop Equipment 36,290
Total ₱163,390

Note 4 - Trade and Other Payables

Accounts Payable ₱16,600
Loan Payable 20,000
Notes Payable 8,000
Total ₱44,600