Shoppersville Trading

Trial Balance
December 31, 202A

Cash ₱ 208,000.00
Inventory ₱ 260,000.00
Accounts Receivable ₱ 72,000.00
Property and Equipment ₱ 600,000.00
Noes Payable ₱ 134,400.00
Long-Term Debts ₱ 240,000.00
Preferred Stock ₱ 120,000.00
Common Stock ₱ 300,000.00
Additional Paid-In Capital ₱ 84,000.00
Retained Earnings ₱ 181,260.00
Net Sales ₱ 1,080,000.00
Cost of Goods Sold ₱ 636,000.00
Operating Expenses ₱ 291,600.00
Interest Expense ₱ 28,800.00
Income Tax ₱ 43,260.00

₱ 2,139,660.00 ₱ 2,139,660.00
 Gamara, Jessa Mae D.
BSBA 4.1A

Shoppersville Trading
Statement of Financial Performance
December 31, 202A

Net Sales 1,080,000.00

Less: Cost of Goods Sold 636,000.00
Groff Profit 444,000.00
Less: Operating Expenses 291,600.00
Operating Income 152,400.00
Less: Interest Expense 28,800.00
Income Before Income Tax 123,600.00
Less: Income Tax 43,260.00
Net Income 80,340.00 4

Shoppersville Trading
Statement of Financial Performance
December 31, 202A

Net Sales ₱ 1,080,000.00

Cost of Goods Sold ₱ 636,000.00
Operating Expenses ₱ 291,600.00
Interest Expense ₱ 28,800.00
Income Tax ₱ 43,260.00 ₱ 999,660.00

Profit ₱ 80,340.00
 Shoppersville Trading
Statement of Changes in Equity
December 31, 202A

0
Shoppersville Trading
Statement of Changes in Equity
December 31, 202A

Preferred Stock ₱ 120,000.00

Common Stock ₱ 300,000.00
Additional Paid-In Capital ₱ 84,000.00
Retained Earnings ₱ 181,260.00
Add: Profit ₱ 80,340.00 ₱ 261,600.00

Total Equity ₱ 765,600.00

 Shoppersville Trading
Statement of Financial Position
December 31, 202A
Current Assets Liabilities and Shareholders' Equity
Cash 208,000.00 Liabilities
Inventory 260,000.00 Notes Payable 134,400.00
Accounts Receivable 72,000.00 Long-term debts 240,000.00
Total Current assets 540,000.00 Total Liabilities 374,400.00

Property and Eqyuipment 600,000.00 Stockholders' Equity

Preferred Stock 120,000.00
Total Assets 1,140,000.00 Common Stock 300,000.00
Additional Paid-in Cap 84,000.00
Retained Earnings 261,600.00
TOTAL
Total Stockholders 765,600.00
LIABILITIES AND
1,140,000.00
STOCKHOLDERS
EQYUITY
2
 Shoppersville Trading
Statement of Financial Position
December 31, 202A
uity

Current Assets
Cash
Inventory
Accounts Receivable
Total Current Assets
Property and Equipment
TOTAL ASSETS

Notes Payable
Long-Term Debts
Total Liabilities

Preferred Stock
Common Stock
Additional Paid-In Capital
Retained Earnings
Total Equity

TOTAL LIABILITIES AND EQUITY

₱ 208,000.00
₱ 260,000.00
₱ 72,000.00
₱ 540,000.00
₱ 600,000.00
₱ 1,140,000.00

₱ 134,400.00
₱ 240,000.00
₱ 374,400.00

₱ 120,000.00
₱ 300,000.00
₱ 84,000.00
₱ 261,600.00
₱ 765,600.00

₱ 1,140,000.00