BLACKLIST GROOMING SERVICES

Work Sheet
For Year Ended December 31, 2021

ACCOUNT TRIAL BALANCE

ACCOUNT NAME
NO.
Debit
101 Cash in Bank ₱ 4,296.00
105 Accts. Rec. - Adel Alvarez 1,528.00
110 Accts. Rec. - Nicolai Carls 904.00
115 Accts. Rec. - Quin Giles 1,219.00
120 Grooming Supplies 1,368.00
125 Office Equipment 8,467.00
130 Office Furniture 3,396.00
135 Computer Equipment 2,730.00
140 Grooming Equipment 1,974.00
145 Kennel Equipment 7,412.00
201 Accts. Pay. - Able Store Equipment
205 Accts. Pay. - Dogs & - Cats Inc.
207 Accts. Pay. - Pet Gourmet
301 Abe Shultz, Capital
305 Abe Shultz, Withdrawals 1,900.00
310 Income Summary -
401 Boarding Revenue
405 Grooming Revenue
501 Advertising Expense 3,934.00
505 Equipment Repair Expense 943.00
510 Maintenance Expense 2,483.00
520 Rent Expense 8,850.00
530 Utilities Expense 3,836.00
₱ 55,240.00
Net Loss
BLACKLIST GROOMING SERVICES
Work Sheet
For Year Ended December 31, 2021

TRIAL BALANCE INCOME STATEMENT BALANCE SHEET

Credit Debit Credit Debit Credit

₱ 4,296.00
1,528.00
904.00
1,219.00
1,368.00
8,467.00
3,396.00
2,730.00
1,974.00
7,412.00
₱ 3,876.00 ₱ 3,876.00
2,746.00 2,746.00
1,281.00 1,281.00
30,928.00 30,928.00
1,900.00
- - - - -
11,989.00 ₱ 11,989.00
4,420.00 4,420.00
₱ 3,934.00
943.00
2,483.00
8,850.00
3,836.00
₱ 55,240.00 ₱ 20,046.00 ₱ 16,409.00 ₱ 35,194.00 ₱ 38,831.00
₱ 3,637.00 ₱ 3,637.00
₱ 20,046.00 ₱ 20,046.00 ₱ 38,831.00 ₱ 38,831.00
 BLACKLIST GROOMING SERVICES
Income Statement
For the Year Ended December 31, 2021

Revenue
Boarding Revenue ₱ 11,989.00
Grooming Revenue 4420
Total Revenue ₱ 16,409.00

Expenses:
Advertising Expense 3,934.00
Equipment Repair Expense 943.00
Maintenance Expense 2,483.00
Rent Expense 8,850.00
Utilities Expense 3,836.00
Total Expense 20,046.00

Net Loss -₱ 3,637.00

 BLACKLIST GROOMING SERVICES
Statement of Changes in Owners Equity
For the Year Ended December 31, 2021

Abe Shultz, Capital, beginning ₱ 30,928.00

Add Additional Investment -
Total ₱ 30,928.00
Less Withdrawals by Owner ₱ 1,900.00
Net Loss ₱ 3,637.00
Total Decrease in Capital ₱ 5,537.00
Ending Capital, September 30, 2021 ₱ 25,391.00
 BLACKLIST GROOMING SERVICES
Balance Sheet
As at December 31, 2021

Assets
Current Assets
Cash in Bank ₱ 4,296.00
Accts. Rec. - Adel Alvarez 1,528.00
Accts. Rec. - Nicolai Carls 904.00
Accts. Rec. - Quin Giles 1,219.00
Grooming Supplies 1,368.00
Total Current Assets

Non-Current Assets
Office Equipment 8,467.00
Office Furniture 3,396.00
Computer Equipment 2,730.00
Grooming Equipment 1,974.00
Kennel Equipment 7,412.00
Total Non-Current Assets
TOTAL ASSETS

Liabilities
Current Liabilities
Accts. Pay. - Able Store Equipment ₱ 3,876.00
Accts. Pay. - Dogs & - Cats Inc. 2,746.00
Accts. Pay. - Pet Gourmet 1,281.00
TOTAL LIABLITIES

Owners Equity
Abe Shultz, Capital
TOTAL LIABILITIES AND OWNER'S EQUITY
₱ 9,315.00

23979.00
₱ 33,294.00

₱ 7,903.00

₱ 25,391.00
₱ 33,294.00
 BLACKLIST GROOMING SERVICES
Statement of Cash Flows: Indirect Method
For the Year Ended December 31,2021

Cash flow from operating activities

Net Loss

Changes in current assets and liabilities:

Decrease (Increase) in:
Accts. Rec. - Adel Alvarez
Accts. Rec. - Nicolai Carls
Accts. Rec. - Quin Giles
Grooming Supplies
Decrease (Increase) in:
Accts. Pay. - Able Store Equipment
Accts. Pay. - Dogs & - Cats Inc.
Accts. Pay. - Pet Gourmet
Net cash flows from operating activities

Cash flow from investing activities

Office Equipment
Office Furniture
Computer Equipment
Grooming Equipment
Kennel Equipment
Net cash flows from investing activities

Cash flow from financing activities

Abe Shultz, Capital
Abe Shultz, Withdrawals
Net cash flows from financing activities

Net Increase (Decrease) in Cash

Add: Cash balance, beginning

Cash, end
 SERVICES
irect Method
r 31,2021

-₱ 3,637.00
(3637.00)

(1528.00)
(904.00)
(1219.00)
(1368.00)

3876.00
2746.00
1281.00
(753.00)

(8467.00)
(3396.00)
(2730.00)
(1974.00)
(7412.00)
(24732.00)

30928
(1900.00)
29028

4296.00

₱ 4,296.00
-