<Company>

Chart of Accounts

Account Number Account Title Account Series

1100 Cash 1000
1200 Receivables 2000
1205 Subscription Receivable 3000
1300 Inventory 4000
1400 Office Supplies 5000
1500 Office Furniture & Fixtures
1505 Accumulated Depreciation - Office Furniture & Fixtures
1510 Office Equipment
1515 Accumulated Depreciation - Office Equipment
1520 Leasehold Improvements
1525 Accumulated Depreciation - Leasehold Improvements
1600 Input VAT
1700 Rent Deposit
1800 Creditable Withholding Tax
1900 <empty>
2100 Accounts payable
2200 Accrued expenses
2300 Output VAT
2400 Withholding taxes payable
2500 Advances
2600 Income Tax Payable
2700 Loans
2800 SSS Payable
2900 <empty>
3100 Capital Stock
3110 Additional Paid-in Capital
3200 Retained Earnings
4100 Sales
4200 Service Revenue
4300 Miscellaneous income
5100 Cost of Services
5200 Salaries & allowances
5300 Utilities expense
5400 Supplies expense
5500 Transportation
5600 Meals
5700 Taxes, permits and licenses
5800 Rent
5850 Professional fee
5900 Miscellaneous expense
5150 Depreciation
Classification
Assets
Liabilities
Equity
Revenue / Sales
Expenses
<Company>
Journal Entries

JE # Reference Account # Account Title Debit Credit

1 5600 Meals 19,636.04

1100 Cash 19,636.04
To record payment for meal allowances

2 5500 Transportation 9,557.00

1100 Cash 9,557.00
To record payment for transportation allowances / fuel

3 5400 Supplies expense 3,547.00

1100 Cash 3,547.00
To record payment for office supplies

4 5300 Utilities expense 48,050.98

1100 Cash 48,050.98

4 5900 Miscellaneous expense 102,322.13

1600 Input VAT 111.43
1100 Cash 102,433.56
To record payment for miscellaneous expenses

5 5800 Rent 96,189.34

1600 Input VAT 1,701.86
1100 Cash 97,891.20
To record rental payment to December

6 5100 Cost of Services 1,040,157.66

1600 Input VAT 14,978.36
1100 Cash 1,055,136.02
To record payments for project costs

7 5200 Salaries & allowances 269,316.57

2800 SSS Payable -
1100 Cash 269,316.57
To record payroll for June

9 1100 Cash 1,565,597.15

1800 Creditable Withholding Tax 9,666.65
4200 Service Revenue 1,575,263.80
To record collections from services rendered
2700 Loans
1100 Cash
To record payment of loan

5200 Salaries & allowances

2800 SSS Payable
1100 Cash -
To record SSS premium paid

5850 Professional fee 5,000.00

1100 Cash 5,000.00

1510 Office Equipment 9,500.00

1100 Cash 9,500.00
To record purchase of office equipment printer and 2-way radio

5700 Taxes, permits and licenses 36,745.08

1100 Cash 36,745.08
To record payment of business tax

1100 Cash 100,000.00

2700 Loans 100,000.00
To record loan from Mr. Arivara
<Company>
Sales Journal

Reference # /
Date Invoice / OR Customer Amount
1
2
3
4
5
6
7
8
9
10
TOTAL FOR THE MONTH OF JULY 0
Taxable Sale Output tax
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
0 0
<Company>
Cash Disbursements Journal

Reference # /
Date Check # Invoice / OR / PCV Transaction
1 7/1/2013
2
3
4
5
6
7
8
9
10
TOTAL FOR THE MONTH OF JULY
Supplier / Payee Amount

0
<Company>
Cash Receipts Journal

Reference # /
Date Invoice / OR Transaction
1 7/1/2013
2
3
4
5
6
7
8
9
10
TOTAL FOR THE MONTH OF JULY
Customer Amount

0
<Company>
Purchases Journal

Reference # /
Date Invoice / OR Supplier/Payee Amount
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18

19
TOTAL FOR THE MONTH OF JULY and AUGUST -
Taxable Purchase Input tax

- -
- -
<Company>
Taxes

C. Income Tax

RCIT Computation
Income before tax (55,258.01)
Reconciling items:

(55,258.01)
RCIT (30%) (16,577.40)

MCIT Computation
Serice Revenue 1,575,263.80
Cost of Services -
1,575,263.80
MCIT (2%) 31,505.28

Income tax payable 31,505.28

<Company>
Trial Balance
Balance As of 12/31/14
Debit Credit
1100 Cash 55,035.91
1200 Receivables 11,909.00
1205 Subscription Receivable 27,900.00
1300 Inventory -
1400 Office Supplies -
1500 Office Furniture & Fixtures 9,250.00
1505 Accumulated Depreciation - Office Furniture & Fixtures (4,625.00)
1510 Office Equipment 50,088.00
1515 Accumulated Depreciation - Office Equipment (17,484.78)
1520 Leasehold Improvements 16,570.40
1525 Accumulated Depreciation - Leasehold Improvements (6,075.81)
1600 Input VAT 85,951.17
1700 Rent Deposit 18,000.00
1800 <empty> 11,082.08
1900 Others 3,500.00
2100 Accounts payable -
2200 Accrued expenses 6,000.00
2300 Output VAT -
2400 Withholding taxes payable -
2500 Advances 50,000.00
2600 Income Tax Payable -
2700 Loans -
2800 SSS Payable (0.00)
2900 <empty> -
3100 Capital Stock 37,600.00
3110 Additional Paid-in Capital 186,000.00
3200 Retained Earnings (18,499.03)
4100 Sales -
4200 Service Revenue
4300 Miscellaneous income
5100 Cost of Services
5200 Salaries & allowances
5300 Utilities expense
5400 Supplies expense
5500 Transportation
5600 Meals
52700 Interest Expense
5700 Taxes, permits and licenses
5800 Rent
5850 Professional fee
5900 Miscellaneous expense
261,100.97 261,100.97
-
-
-
 Balance As of 12/31/15
Debit Credit Debit Credit
8,783.70 63,819.60
- 11,909.00
- 27,900.00
- -
- -
- 9,250.00
(4,625.00)
9,500.00 59,588.00
(17,484.78)
- 16,570.40
(6,075.81)
16,791.64 102,742.81
- 18,000.00
9,666.65 20,748.73
- 3,500.00
- -
- 6,000.00
- -
- -
- 50,000.00
- -
100,000.00 100,000.00
- (0.00)
- -
- 37,600.00
- 186,000.00
- (18,499.03)
- -
1,575,263.80 1,575,263.80
- -
1,040,157.66 1,040,157.66
269,316.57 269,316.57
48,050.98 48,050.98
3,547.00 3,547.00
9,557.00 9,557.00
19,636.04 19,636.04
- -
36,745.08 36,745.08
96,189.34 96,189.34
5,000.00 5,000.00
102,322.13 102,322.13
1,675,263.80 1,675,263.80 1,936,364.77 1,936,364.77
- -
- -
- -
<Company>
Balance Sheet
As of March 31, 2013

ASSETS LIABILITIES AND EQUITY

Current Current Liabilities
Cash 63,819.60 63,820.00 Accounts payable
Receivables 39,809.00 39,809.00 Accrued expenses and others
Inventory - - Total Current Liabilities
Supplies - -
Others 144,991.54 144,992.00 Equity
Total Current Assets 248,620.15 248,621.00 Capital
Additional paid-in capital
Noncurrent Retained Earnings
Property and Equipment - net 63,298.63 63,299.00 Total Equity

TOTAL ASSETS 311,918.77 311,920.00 TOTAL LIABILITIES AND EQUITY

checking (12,423.22)
 50,000.00 50,000.00
106,000.00 106,000.00
156,000.00 156,000.00

37,600.00 37,600.00
186,000.00 186,000.00
(55,258.01) (55,257.00)
168,341.99 168,343.00

324,341.99 324,343.00
<Company>
Income Statement
For the Month Ended March 31, 2013

REVENUE
Sales - -
Service Revenue 1,575,263.80 ###
Other income - -
TOTAL REVENUE 1,575,263.80 ###
-
-
EXPENSES -
Cost of services 1,040,157.66 ###
Rent 96,189.34 96,189.00
Meals 19,636.04 19,636.00
Taxes, permits and licenses 36,745.08 36,745.00
Salaries & allowances 269,316.57
Utilities expense 48,050.98 48,051.00
Transportation 9,557.00 9,557.00
Professional fee 5,000.00 5,000.00
Supplies expense 3,547.00 3,547.00
Miscellaneous expense 102,322.13 102,322.00
TOTAL EXPENSES 1,630,521.81 ###
-
INCOME BEFORE TAX (55,258.01) 214,059.00
Provision for Current Income Tax -
NET INCOME (55,258.01) 214,059.00
<Company>
Property and Equipment Schedules
Annual Depreciation
Office equipment 3 years
18-Jun Carrier Aircon with i 28,300.00 9,433.33
24-Jul laminator 1,500.00 500.00
Fire extinguisher 850.00 283.33
8/27/2014 Fax maxhine 4,488.00 1,496.00
27-Aug Laptop 14,950.00 4,983.33
2015 two-way radio 5,000.00
2015 printer 4,500.00

59,588.00 16,696.00

Office furniture 3 years

20-Jun office table (3) 6,750.00 Don and Jay 2,250.00
gaslift w arm (3) 2,500.00 Don and Jay 833.33

9,250.00 3,083.33

Lease improvements 5 years

20-Jun Construction materi 753.75 DIY Shop 150.75
20-Jun Construction materi 75.75 DIY Shop 15.15
20-Jun Construction materi 349.25 DIY Shop 69.85
20-Jun Construction materi 7.75 DIY Shop 1.55
20-Jun Construction materi 60.00 DIY Shop 12.00
19-Jun Construction materi 1,826.00 DIY Shop 365.20
19-Jun Construction materi 82.50 DIY Shop 16.50
19-Jun Construction materi 33.00 DIY Shop 6.60
19-Jun Construction materi 100.00 glory lumber 20.00
18-Jun Construction materi 1,675.00 best built Hardware 335.00
15-Jun Construction materi 99.90 diy 19.98
15-Jun Construction materi 7,513.00 best built Hardware 1,502.60
12-Jun Construction materi 937.00 jober gen merchandis 187.40
12-Jun Construction materi 390.00 diy 78.00
12-Jun Construction materi 2,667.50 diy 533.50

16,570.40 3,314.08

TOTAL PPE 85,408.40

2014 Depn 2015 Depn

9,433.33 9,433.33
500.00 500.00
283.33 283.33
498.67 1,496.00
1,661.11 4,983.33

12,376.44 16,696.00

2,250.00 2,250.00
833.33 833.33

3,083.33 3,083.33

150.75 150.75
15.15 15.15
69.85 69.85
1.55 1.55
12.00 12.00
365.20 365.20
16.50 16.50
6.60 6.60
20.00 20.00
335.00 335.00
19.98 19.98
1,502.60 1,502.60
187.40 187.40
78.00 78.00
533.50 533.50

3,314.08 3,314.08

18,773.86 23,093.41