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  • Incomestatement Financialposition Cashflow

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    Shaina Javier
    7 views7 pages
    The document contains income statements, statements of financial position, and projected statements of cash flows for 5 days of operations of a business. It shows increasing sales, costs, expenses and net income each day. The statements of financial position track the growth in assets, equity and retained earnings. The cash flow statements project the changes in cash from operating, investing and financing activities each day.

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    incomestatement-financialposition-cashflow

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    The document contains income statements, statements of financial position, and projected statements of cash flows for 5 days of operations of a business. It shows increasing sales, costs, expenses and net income each day. The statements of financial position track the growth in assets, equity and retained earnings. The cash flow statements project the changes in cash from operating, investing and financing activities each day.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    7 views7 pages

    Incomestatement Financialposition Cashflow

    Uploaded by

    Shaina Javier
    The document contains income statements, statements of financial position, and projected statements of cash flows for 5 days of operations of a business. It shows increasing sales, costs, expenses and net income each day. The statements of financial position track the growth in assets, equity and retained earnings. The cash flow statements project the changes in cash from operating, investing and financing activities each day.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    of 7

    For Day 1

    Income Statement

    Net Sales (1) ₱500


    Less: Cost of Sales ₱1500
    Gross Sales ₱2000
    Less: Operating Expenses
    Miscellaneous Expenses ₱ 15 (₱ 15)
    Net Income ₱ 485

    For Day 2
    Income Statement

    Net Sales (1) ₱690


    Less: Cost of Sales ₱1610
    Gross Sales ₱ 2300
    Less: Operating Expenses
    Miscellaneous Expenses ₱ 15 (₱15)
    Net Income ₱ 675

    For Day 3
    Income Statement

    Net Sales (1) ₱825


    Less: Cost of Sales ₱1925
    Gross Sales ₱2750
    Less: Operating Expenses
    Miscellaneous Expenses ₱ 15 (₱ 15)
    Net Income ₱ 805

    For Day 4
    Income Statement

    Net Sales (1) ₱900


    Less: Cost of Sales ₱2100
    Gross Sales ₱300
    Less: Operating Expenses
    Miscellaneous Expenses ₱ 15 (₱ 15)
    Net Income ₱ 885

    For Day 5
    Income Statement
    Net Sales (1) ₱1050
    Less: Cost of Sales ₱2450
    Gross Sales ₱740
    Less: Operating Expenses
    Miscellaneous Expenses ₱ 15 (₱ 15)
    Net Income ₱1035

    StatementofFinancialPosition
    ForDay1

    Assets Note
    Current Assets
    Cash ₱2600
    Total Current Assets ₱2600
    Non-Current Assets ------------
    Property and Equipment 3 ₱500
    Total Non-Current Assets ₱500
    TOTAL ASSETS ₱3100

    Owner’s Equity
    Emily in Pares Capital ₱3100
    Add: Net Income ₱485
    TOTAL OWNER’S EQUITY ₱3585

    StatementofFinancialPosition
    ForDay2

    Assets Note
    Current Assets
    Cash ₱2750
    Total Current Assets ₱2750
    Non-Current Assets ------------
    Property and Equipment 3 ₱500
    Total Non-Current Assets ₱500
    TOTAL ASSETS ₱3250

    Owner’s Equity
    Emily in Pares Capital ₱3585
    Add: Net Income ₱675
    TOTAL OWNER’S EQUITY ₱4260

    StatementofFinancialPosition
    ForDay3

    Assets Note
    Current Assets
    Cash ₱2900
    Total Current Assets ₱2900
    Non-Current Assets ------------
    Property and Equipment 3 ₱500
    Total Non-Current Assets ₱500
    TOTAL ASSETS ₱3400

    Owner’s Equity
    Emily in Pares Capital ₱4260
    Add: Net Income ₱805
    TOTAL OWNER’S EQUITY ₱5065

    StatementofFinancialPosition
    ForDay4

    Assets Note
    Current Assets
    Cash ₱3065
    Total Current Assets ₱3065
    Non-Current Assets ------------
    Property and Equipment 3 ₱500
    Total Non-Current Assets ₱500
    TOTAL ASSETS ₱3565

    Owner’s Equity
    Emily in Pares Capital ₱5065
    Add: Net Income ₱885
    TOTAL OWNER’S EQUITY ₱5950

    StatementofFinancialPosition
    ForDay5

    Assets Note
    Current Assets
    Cash ₱3150
    Total Current Assets ₱3150
    Non-Current Assets ------------
    Property and Equipment 3 ₱500
    Total Non-Current Assets ₱500
    TOTAL ASSETS ₱3650
    Owner’s Equity
    Emily in Pares Capital ₱5950
    Add: Net Income ₱1035
    TOTAL OWNER’S EQUITY ₱6985

    ProjectedStatementofCashFlows

    ForDay1

    Cash Flows from Operating Activities


    Receipts
    Collection from customers ₱2000
    ₱2000
    Payments
    Operating Expenses ₱15
    Inventory ₱1500 ₱1515
    Net Cash from Operating Activities ₱485
    Cash Flows and Investing Activities
    Receipts
    Payments
    Property, Plant, Equipment (₱500)
    Net of Cash from Investing Activities ₱500
    Cash Flows from Financing Activities
    Receipts
    Investment of Owners ₱3100
    Payments
    Net Cash from Financing Activities ₱3100

    Net Increase in Cash ₱0


    Cash Balance –Beginning ₱2600

    ProjectedStatementofCashFlows

    ForDay2

    Cash Flows from Operating Activities


    Receipts
    Collection from customers ₱2300
    ₱2300
    Payments
    Operating Expenses ₱15
    Inventory ₱1610 ₱1625
    Net Cash from Operating Activities ₱675

    Net Increase in Cash ₱2600


    Cash Balance –Beginning ₱3275

    ProjectedStatementofCashFlows

    ForDay3

    Cash Flows from Operating Activities


    Receipts
    Collection from customers ₱2750
    ₱2750
    Payments
    Operating Expenses ₱15
    Inventory ₱1925 ₱1950
    Net Cash from Operating Activities ₱805

    Net Increase in Cash ₱3275


    Cash Balance –Beginning ₱4080

    ProjectedStatementofCashFlows

    ForDay4

    Cash Flows from Operating Activities


    Receipts
    Collection from customers ₱3000
    ₱3000
    Payments
    Operating Expenses ₱15
    Inventory ₱2100 ₱2115
    Net Cash from Operating Activities ₱885

    Net Increase in Cash ₱4080


    Cash Balance –Beginning ₱4965

    ProjectedStatementofCashFlows

    ForDay5

    Cash Flows from Operating Activities


    Receipts
    Collection from customers ₱3500
    ₱3500
    Payments
    Operating Expenses ₱15
    Inventory ₱2450 ₱2465
    Net Cash from Operating Activities ₱1035

    Net Increase in Cash ₱4965


    Cash Balance –Beginning ₱6000

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