Ong Carpentry Services

Trial Balance
For the Month Ended August 31, 2021
Dr Cr
Cash 39,900.00
Accounts Receivable 28,200.00
Office Supplies 2,680.00
Prepaid Insurance 3,800.00
Furniture and Fixture -
Equipment 33,400.00
Leasehold Improvement -
Accounts Payable 16,900.00
Capital - SCS 75,480.00
Drawings - SCS 6,000.00
Carpentry Service Revenue 106,500.00
Salaries and Wages 68,000.00
Rent Expense 9,600.00
Advertising Expense -
Utilities Expense 4,800.00
Misc. Expenses 2,500.00

198,880.00 198,880.00
 Ong Carpentry Services
Statement of Comprehensive Income
For The Month Ended August 31, 2021

Revenue from Services

Carpentry Services ₱ 106,500

Less Operating Expenses

Salaries and Wages ₱ 68,000
Rent Expenses 9,600
Utilities Expenses 4,800
Misc. Expenses 2,500 84,900

Net Income ₱ 21,600

 Ong Carpentry Services
Statement of Changes in Equity
For The Month Ended August 31, 2021

Capital - OCS, Aug 1, 2021 ₱ 75,480

Add: Net Income 21,600

Total 97,080
Less: Drawing - OCS 6,000

Capital - OCS, Aug 31, 2021 ₱ 91,080

 Ong Carpentry Services
Statement of Financial Position
August 31, 2021

ASSETS
Current Assets
Cash ₱ 39,900
Accounts Receivable 28,200
Office Supplies 2,680
Prepaid Insurance 3,800 ₱ 74,580

Property, Plant and Equipment

Equipment 33,400 33,400

Total Assets ₱ 107,980

LIABILITIES AND CAPITAL

Current Liabilities
Accounts Payable ₱ 16,900

Capital
Capital - OCS, Aug 31, 2021 91,080

Total Liabilities and Capital ₱ 107,980

 Ong Carpentry Services
Statement of Financial Position
August 31, 2021

ASSETS
Current Assets
Cash ₱ 39,900
Accounts Receivable 28,200
Office Supplies 2,680
Prepaid Insurance 3,800 ₱ 74,580

Property, Plant and Equipment

Equipment 33,400 33,400

Total Assets ₱ 107,980

pentry Services
f Financial Position
st 31, 2021

LIABILITIES AND CAPITAL

Current Liabilities
Accounts Payable ₱ 16,900

Capital
Capital - OCS, Aug 31, 2021 91,080

Total Liabilities and Capital ₱ 107,980

Product Information Sheet
Product
Quantity Selling Price Product Cost Total Sales Total Cost Gross Profit
Name
Product A 20.00 260.00 160.00 5,200.00 3,200.00 2,000.00
Product B 30.00 400.00 200.00 12,000.00 6,000.00 6,000.00
Product C 25.00 380.00 280.00 9,500.00 7,000.00 2,500.00
Product D 40.00 350.00 160.00 14,000.00 6,400.00 7,600.00
Product E 35.00 550.00 375.00 19,250.00 13,125.00 6,125.00