SHOTOPS

Statement of Comprehensive Income

For the period ended August 10, 2017

Sales P1,198

Cost of Sales
Beginning Inventory P33.33
Purchases 686.20
Freight-in 3
Cost of Good Aailable for Sale 722.53
Ending Inventory 33.33 689.2

Profit P508.80

SHOTOPS
Statement of Changes of Equity
For the period ended August 10, 2017

Bacalan, Capital Baron, Capital Delos Reyes, Capital Pansoy, Capital

Beginning Capital 359.436 359.436 359.436 359.436
Add: Profit 101.76 101.76 101.76 101.76
Less: Drawing 0 0 0 0
Ending Capital 461.196 461.196 461.196 461.196

SHOTOPS SHOTO
Statement of Financial Position Notes to Financia
As of August 10, 2017 For the period ende

Assets Note (1) - Cash

Current Assets Cash on hand
Cash P
Inventory 33.33 Note (2) - Inventory
shorts (1 pc. @ 33.33)
Total Assets P1,797.18
Note (3) - Purchases
Liabilities 0 shorts
Flat tops
Owners' Equity Curly tops
Bacalan, Captial P359.436 cake
Baron, Capital 359.436 Kay kay
Delos Reyes, Capital 359.436
Pansoy, Capital 359.436 Note (4) - Sales
Sanchez, Capital 359.436 shorts
Total Capital P1,797.18 Flat tops
Curly tops
Total Liabilities and Capital P1,797.18 cake
Kay kay

SHOTOPS
Statement of Cash Flows
For the period ended July 20, 2017
 Cash from operating activities:
Cash received from sales of inventory
Cash received from return of purchase
Cash paid for purchases of goods
Cash paid for freight charges
Net cash from operating activities

Cash from investing activities:

Cash from financing activities:

Cash received from Bacalan
Cash received from Baron
Cash received from Delos Reyes
Cash received from Pansoy
Cash received from Sanchez
Net cash from investment of owners

Net cash flow

SHOTOPS
T- Accounts

Bacalan, Capital Baron, Capital Delos Reyes, Capital Pansoy, Capital

50 50 50
50 50 50

Purchases Sales Cash Accounts Payable

243.1 60 Beg. 203
243.1 106
200 188 60 4 203
686.20 46 106 12
86 188 14.75
48 46 243.1
60 86 243.1 Freight-in
134 48 203 3
72 60 3
 148 134
150 72
100 148
1,198 150
100
1,198 719.95
478.05

SHOTOPS
Trial Balance
For the period ended July 21, 2017

Account Titles Debit Credit

Cash P1,763.85
Accounts Receivable 0
Bacalan, Capital P50
Baron, Capital 50
Delos Reyes, Capital 50
Pansoy, Capital 50
Sanchez, Capital 50
Sales 3,512
Purchases 2,135.15
Freight-in 3
Purchase Returns 140
Total P3902 P3902
 Sanchez, Capital
359.436
101.76
0
461.196

SHOTOPS
Notes to Financial Statements
For the period ended July 21, 2017

Cash on hand P1,763.85

shorts (1 pc. @ 33.33) P33.33

shorts P300
Flat tops 1,458.60
Curly tops 36.55
cake 300
Kay kay 40
P2,135.15

shorts P660
Flat tops 60
Curly tops 2,400
cake 320
Kay kay 72
P3,512
 3,512
140
2,135.15
3
1,513.85

50
50
50
50
50
250

1,763.85

Pansoy, Capital Sanchez, Capital

50 50
50 50

Accounts Payable Printing Expense

200 4
3 12
203 16
0
Supplies Expense
14.75
Freight-in