Rhezel B.

Pusing BSA-I

Start-up Trucking Services

Statement of Financial Position/ Balance Sheet
June 30, 20xx

Assets
Current Assets
Cash in Bank 1, 020, 000.00 1, 1,
Petty Cash Fund 1, 000.00 1, 200.00 1, 200.00
Accounts Receivable 120, 000.00
Estimated Uncollectible Account (1, 200.00) (1, 200.00) (1, 200.00)
Unused Supplies 15, 000.00
Prepaid Insurance 8, 500.00
Prepaid Rent 30, 000.00 1, 194, 500.00 1, 194, 500.00
Total Current Assets 1, 193, 300.00 1, 193, 300.00
Non-Current Assets
Delivery Truck 1, 500, 000.00
Less: Accumulated Depreciation 250, 000.00
Total Non-Current Assets 1, 250, 000.00 1, 250, 000.00 1, 250, 000.00
Total Assets 2, 443, 300.00 P 2, 443, 300.00
1,
1, 200.00
Liabilities 1,
Current Liabilities 1, 200.00 (1, 200.00)
Accounts Payable 130, 000.00
Total Liabilities (1,130,
130,000.00
000.0
0200.00) 1, 194, 500.00
Owner’s Equity 1, 193, 300.00
Han - Mi, Owner’s Equity 1, 818, 500.00
Less: Han - Mi, Withdrawal (50, 000.00) 1, 194, 500.00
Add: Profit 544, 800.00 1, 193, 300.00
Total Owner’s Equity 2, 313, 600.00 2, 313, 300.00 250, 000.00

Total Liabilities and Owner’s Equity P 2, 443, 300.00

1, 250, 000.00
2, 443, 300.00
 Start-up Trucking Services
Income Statement
For the Month Ended June 30, 20xx

Revenue
Trucking Income P 935, 000.00
Total 935, 000.00

Expenses
Taxes and Licenses P 10, 000.00
Repair and Maintenance 27, 000.00
Retainer Fees 25, 000.00
Salaries and Wages 320, 000.00
Utilities Expense 8, 200.00
Total 390, 200.00
Profit P 544, 800.00

Start-up Trucking Services

Statement of Changes in Equity
For the Month Ended June 30, 20xx

Han - Mi, Owner’s Equity P 1, 818, 500.00

Add: Additional Investments by Han - Mi 0
Profit 545, 000.00 545, 000.00
Total: 2, 363, 500.00
Less: Han - Mi Withdrawals 50, 000.00
Han - Mi, Owner’s Equity, 06/30/20xx P 2, 313, 500.00