Business Name: Chick Makino

ASSETS LIABILITIES EQUITY

Number Account Title Number Account Title Number
101 Cash 201 Accounts Payable 301
102 Account Receivable 302
103 Sales Discount 303
104 Purchases 304
105 Supplies 305
306
307
akino
EQUITY INCOME EXPENSES
Account Title Number Account Title Number
Capital-Pastera 401 Sales Revenue 501
Capital-Cedo 402 Cost of Goods Sold 502
Capital-Jimenez 403 Retained Earnings 503
Capital-Taller 504
Capital-Naquita 505
Capital-Sto.Domingo 506
Capital-Dacuno
EXPENSES
Account Title
Labor Expense
Supplies Expense
Marketing Expense
Rent Expense
Utilities Expense
Kitchen Expense
 Chick Makino
General Journal

Month Day Account Titles & Description (Debit/Credit) P.R. Debit

Jan 22 Cash 101 ₱535.00
Capital-Pastera 301

Cash 101 ₱535.00

Capital-Cedo 302

Cash 101 ₱535.00

Capital-Jimenez 303

Cash 101 ₱535.00

Capital-Taller 304

Cash 101 ₱535.00

Capital-Naquita 305

Cash 101 ₱535.00

Capital-Sto.Domingo 306

Cash 101 ₱535.00

Capital-Dacuno 307

Marketing Expense 503 ₱945.00

Cash 101

24 Purchases 104 ₱1,683.50

Cash 101

Supplies 105 ₱193.25

Cash 101

Kitchen Expense 506 ₱206.00

Cash 101

27 Cash 101 ₱3,205.00

Sales Discount 101 ₱5.50
Sales Revenue 401
 Supplies Expense 502 ₱193.25
Supplies 105

Supplies 105 ₱106.00

Cash 101

Kitchen Expense 506 ₱106.00

Cash 101

31 Purchases 104 ₱1,497.00

Cash 101

Feb 1 Purchases 104 ₱92.00

Cash 101

Kitchen Expense 506 ₱100.00

Cash 101

Cash 101 ₱4,979.00

Sales Discount 101 ₱70.00
Sales Revenue 401

Supplies Expense 502 ₱106.00

Supplies 105

Labor Expense 501 ₱300.00

Cash 101

Accounts Payable 504 ₱70.00

Rent Expense 201

Accounts Payable 505 ₱60.00

Utilities Expense 201

₱12,972.50
 Copy & paste all Account Titles here:
Cash
Account Receivable
Credit Purchases
Sales Discount
₱535.00 Supplies
Accounts Payable

₱535.00 Capital-Pastera
Capital-Cedo
Capital-Jimenez
₱535.00 Capital-Taller
Capital-Naquita
Capital-Sto.Domingo
₱535.00 Capital-Dacuno

Sales Revenue
₱535.00 Cost of Goods Sold
Retained Earnings

₱535.00 Labor Expense

Supplies Expense
Marketing Expense
₱535.00 Rent Expense
Utilities Expense
Sales Discount
₱945.00 Kitchen Expense

₱1,683.50

₱193.25

₱206.00

₱3,210.50
 ₱193.25

₱106.00

₱106.00

₱1,497.00

₱92.00

₱100.00

₱5,049.00

₱106.00

₱300.00

₱70.00

₱60.00

₱12,972.50
Account Title: Cash Number:
Month Day Description P.R. Debit
Jan 22 Pastera contribution 101 ₱535.00
Cedo contribution 101 ₱535.00
Jimenez contribution 101 ₱535.00
Taller contribution 101 ₱535.00
Naquita contribution 101 ₱535.00
Sto. Domingo contribution 101 ₱535.00
Dacuno contribution 101 ₱535.00
Used to print out ads and buy ingredients 101
for the food taste test (market expense)
24 Used to buy ingredients (purchases) 101
Used to buy supplies (supplies expense) 101
Used to buy butane (kitchen expense) 101
27 Earned from selling (sales revenue) 101 ₱3,205.00
Used to buy supplies (supplies expense) 101
Used to buy butane (kitchen expense) 101
31 Used to buy ingredients (purchases) 101
Feb 1 Used to buy ingredients (purchases) 101
Used to buy butane (kitchen expense) 101
Earned from selling (sales revenure) 101 ₱4,979.00
Total wage paid to employees 101

TOTAL ₱11,929.00
BALANCE ₱6,700.25

Account Title: Purchases Number:

Month Day Description P.R. Debit
Jan 24 Used to buy ingredients for the first day 104
of business ₱1,683.50
Used to buy ingredients for the second
31 104 ₱1,497.00
day
Usedoftobusiness
buy additional ingredients for the
Feb 1 104 ₱92.00
second day of business
TOTAL ₱3,272.50
BALANCE ₱3,272.50

Account Title: Accounts Payable Number:

Month Day Description P.R. Debit
Feb 1 Rent is needed to be paid 201 ₱70.00
Utilities expense is needed to be paid 201 ₱60.00

TOTAL ₱130.00
BALANCE ₱130.00

Account Title: Capital-Pastera Number:

Month Day Description P.R. Debit
Jan 22 Pastera contribution 301
TOTAL ₱0.00
BALANCE -

Account Title: Capital-Taller Number:

Month Day Description P.R. Debit
Jan 22 Talller contribution 301

TOTAL ₱0.00
BALANCE -

Account Title: Capital-Dacuno Number:

Month Day Description P.R. Debit
Jan 22 Dacuno contribution 301
TOTAL ₱0.00
BALANCE -

Account Title: Sales Revenue Number:

Month Day Description P.R. Debit
Earned from selling on the first day of
Jan 27 401
business
Earned from selling on the second day of
Feb 1 401
business

TOTAL ₱0.00
BALANCE -

Account Title: Labor Expense Number:

Month Day Description P.R. Debit
Feb 1 Total wage paid to employees 501 ₱300.00

TOTAL ₱300.00
BALANCE ₱300.00

Account Title: Rent Expense Number:

Month Day Description P.R. Debit
Feb 1 Rent is needed to be paid 504
TOTAL 0
BALANCE -

Account Title: Number:

Month Day Description P.R. Debit

TOTAL ₱0.00
BALANCE -
 101 Account Title: Account Receivable
Credit Month Day Description P.R.
102

₱945.00
₱1,683.50
₱193.25
₱206.00

₱106.00
₱106.00
₱1,497.00
₱92.00
₱100.00

₱300.00

₱5,228.75 TOTAL
- BALANCE

104 Account Title: Supplies

Credit Month Day Description P.R.
Jan 24 Used to buy supplies for the first day of 105
business
Used up the supplies for the first day of
27 105
business
Used to buy supplies for the second day 105
of business
Used up the supplies for the second day
Feb 1 105
of business
₱0.00 TOTAL
- BALANCE

201
Credit

₱0.00
-

301 Account Title: Capital-Cedo

Credit Month Day Description P.R.
₱535.00 Jan 22 Cedo contribution 301
₱535.00 TOTAL
₱535.00 BALANCE

301 Account Title: Capital-Naquita

Credit Month Day Description P.R.
₱535.00 Jan 22 Naquita contribution 301

₱535.00 TOTAL
₱535.00 BALANCE

301
Credit
₱535.00
₱535.00
₱535.00

401 Account Title: Cost of Goods Sold

Credit Month Day Description P.R.
₱3,210.50
₱5,049.00

₱8,259.50 TOTAL
₱8,259.50 BALANCE

501 Account Title: Supplies Expense

Credit Month Day Description P.R.
Jan 27 Used up the supplies for the first day of 502
business
Used up the supplies for the second day
Feb 1 502
of business

₱0.00 TOTAL
- BALANCE

504 Account Title: Utilities Expense

Credit Month Day Description P.R.
₱70.00 Feb 1 Utilities expense is needed to be paid 505
₱70.00 TOTAL
₱70.00 BALANCE

Credit

₱0.00
-
 Number: 102 Account Title: Sales Discount
Debit Credit Month Day Description
Comes from the duscount on sales on the
Jan 27
first
Comes dayfrom
of business
the duscount on sales on the
Feb 1
second day of business

₱0.00 ₱0.00 TOTAL

- - BALANCE

Number: 105
Debit Credit
₱193.25
₱193.25
₱106.00
₱106.00
₱299.25 ₱299.25
- -

Number: 301 Account Title: Capital-Jimenez

Debit Credit Month Day Description
₱535.00 Jan 22 Jimenez contribution
₱0.00 ₱535.00 TOTAL
- ₱535.00 BALANCE

Number: 301 Account Title: Capital-Sto.Domingo

Debit Credit Month Day Description
₱535.00 Jan 22 Sto Domingo contribution

₱0.00 ₱535.00 TOTAL

- ₱535.00 BALANCE
 Number: 402 Account Title: Retained Earnings
Debit Credit Month Day Description

₱0.00 ₱0.00 TOTAL

 - - BALANCE

Number: 502 Account Title: Marketing Expense

Debit Credit Month Day Description
₱193.25 Jan 22 Used to print out ads and buy ingredients
for the food taste test
₱106.00

₱299.25 ₱0.00 TOTAL

₱299.25 - BALANCE

Number: 505 Account Title: Kitchen Expense

Debit Credit Month Day Description
₱60.00 Jan 24 Used to buy butane for the first day of
business
Used to buy additional butane for the
27 first
Feb 1 Usedday of business
to buy additional butane for the
second day of business
₱0.00 ₱60.00 TOTAL
- ₱60.00 BALANCE
 Number: 103
P.R. Debit Credit
103 ₱5.50
103 ₱70.00

₱75.50 ₱0.00
₱75.50 -
 Number: 301
P.R. Debit Credit
301 ₱535.00
 ₱0.00 ₱535.00
- ₱535.00

Number: 301
P.R. Debit Credit
301 ₱535.00

₱0.00 ₱535.00
- ₱535.00
 Number: 403
P.R. Debit Credit

₱0.00 ₱0.00
 - -

Number: 503
P.R. Debit Credit
503 ₱945.00

₱945.00 ₱0.00
₱945.00 -

Number: 506
P.R. Debit Credit
506 ₱206.00
506 ₱106.00
506 ₱100.00
₱412.00 ₱0.00
₱412.00 -
 Chick Makino
Unadjusted Trial Balance

Account Titles No. Debit Credit

Cash 101 ₱6,700.25
Account Receivable 102 - -
Sales Discount 103 ₱75.50
Supplies ₱0.00
Purchases 104 ₱3,272.50
Accounts Payable 201 ₱130.00
Capital-Pastera 301 ₱535.00
Capital-Cedo 302 ₱535.00
Capital-Jimenez 303 ₱535.00
Capital-Taller 304 ₱535.00
Capital-Naquita 305 ₱535.00
Capital-Sto.Domingo 306 ₱535.00
Capital-Dacuno 307 ₱535.00
Sales Revenue 401 ₱8,259.50
Labor Expense 501 ₱300.00
Supplies Expense 502 ₱299.25
Marketing Expense 503 ₱945.00
Rent Expense 505 ₱70.00
Utilities Expense 506 ₱60.00
Kitchen Expense 507 ₱412.00

TOTAL ₱12,134.50 ₱12,134.50

 Chick Makino
Statement of Changes in Equity

Owner's Equity, Beginning

Owner, Capital
Cedo, Capital ₱535.00
Taller, Capital ₱535.00
Jimenez, Capital ₱535.00
Pastera, Capital ₱535.00
Sto. Domingo, Capital ₱535.00
Naquita, Capital ₱535.00
Dacuno, Capital ₱535.00
Less: Owner, Drawing ₱0.00
Net Income (Loss) ₱0.00

Ending Owner's Equity ₱3,745.00

 Chick Makino Chick Makino
Cash Flow Statement Income Statement

Cash, Beginning ₱0.00 Revenue & Gains

Service Revenue, regular
Cash Flow from Operations
Cash receipts from customers ₱8,184.00 Total Revenue
Cash Paid for Merchandise -3,272.50
Cash Paid for Operating Expense -₱1,656.25 Expenses
Cash paid to employees -₱300.00
Total Cash Flow from Operations ₱2,955.25 Utilities Expense
Rent Expense
Cash Flow from Investing Supplies Expense
Total Cash Flow from Investing ₱0.00 Marketing Expense
Kitchen Expense
Cash Flow from Financing Labor Expense
Proceeds from capital contributed ₱3,745.00 Purchases
Total Cash Flow from Financing ₱3,745.00 Total Expenses
-
Total Cash Flow from Financing ₱3,745.00 Net Income

Ending Cash ₱6,700.25

kino Chick Makino
tement Balance Sheet

Assets
₱8,184.00 Cash ₱6,700.25
Supplies ₱0.00
₱8,184.00

Total Assets ₱6,700.25

₱60.00 Liabilities
₱70.00 Accounts Payable ₱130.00
₱299.25
₱945.00 Total Liabilities ₱130.00
₱412.00
₱300.00 Owner's Equity
₱3,272.50 Net Income ₱2,825.25
₱5,358.75 Cedo, Capital ₱535.00
Taller, Capital ₱535.00
₱2,825.25 Jimenez, Capital ₱535.00
Pastera, Capital ₱535.00
Sto. Domingo, Capital ₱535.00
Naquita, Capital ₱535.00
Dacuno, Capital ₱535.00

Total Owner's Equity ₱6,570.25

Total Liabilities and Owner's Equity ₱6,700.25

 Chick Makino
Post-Closing Trial Balance

Account Titles No. Debit Credit

Cash ₱6,700.25
Accounts Payable ₱130.00
Cedo, Capital ₱535.00
Taller, Capital ₱535.00
Jimenez, Capital ₱535.00
Pastera, Capital ₱535.00
Sto. Domingo, Capital ₱535.00
Naquita, Capital ₱535.00
Dacuno, Capital ₱535.00
Retained Earnings ₱2,825.25

TOTAL ₱6,700.25 ₱6,700.25

 Rice Meal: Chicken Fingers with Teriyaki Sauce
Price Points ₱54.50 ₱64.50 ₱74.50 ₱84.50
Yes 241 49 7 3
No 59 251 293 297
Estimated Sales ₱13,134.50 ₱3,160.50 ₱521.50 ₱253.50

Snack: Onion Rings

Price Points ₱15.50 ₱45.50 ₱75.50 ₱105.50
Yes 210 76 12 2
No 90 224 288 298
Estimated Sales ₱3,255.00 ₱3,458.00 ₱906.00 ₱211.00

Drink: Midnight Madness

Price Points ₱23.00 ₱28.00 ₱32.00 ₱38.00
Yes 227 56 16 1
No 73 244 284 299
Estimated Sales ₱5,221.00 ₱1,568.00 ₱512.00 ₱38.00
 STATEMENT OF COST OF GOODS SOLD
Purchases ₱3,272.50
Freight In ₱0.00
Purchase Discount ₱0.00

COGS Available on Sale ₱3,272.50

Ending Inventory ₱0.00
Cost of Goods Sold ₱3,272.50
Contribution per member ₱535.00
Total number of members 7
Total Contribution ₱3,745.00 ₱14,980.00

Percentage Value
Partner Contributions 25% ₱3,745.00
External Investors 35% ₱5,243.00
Long-Term Loans 40% ₱5,992.00
100% ₱14,980.00

Retained Earnings for Day

1
Retained Earnings for Day ₱1,412.63
2
Retained Earnings for a ₱2,825.25
Month
Retained earnings for ₱31,077.75
December ₱30,085.75
50% ₱15,042.87
Partner
Contribution
External 45% ₱6,769.29
Investors 55% ₱8,273.58
100% ₱15,042.87
Return on
Investment 57.80%

Where is your ROI computation?

₱3,030.58
0.578024195
57.8024195
 Price Variable Cost
Chicken Fingers ₱50.00 36.00% Chicken Fingers
Onion Rings ₱15.00 46.00% Onion Rings
Midnight
AverageMadness
Selling ₱12.00 18.00% Midnight Madness
Variable Cost per
Price ₱27.06 Unit
Weighted Average Contribution Margin per Unit

Labour Expense ₱3,300.00

Rent
TotalExpense
Fixed ₱770.00
Expense ₱4,070.00
Variable Cost
₱14.32 36.00%
₱10.08 46.00%
₱2.65 18.00%
₱10.27
₱16.79
 BreakEven Point
Products
Units Price
Chicken Fingers 36.00% 87 ₱4,350.00
Onion Rings 46.00% 111 ₱1,665.00
Midnight Madness 18.00% 44 ₱528.00
Total No. of Units 100% 242 ₱6,543.00
Break Even Point 242.3917575 or 242 units
 Chicken Fingers Rice Meal with Teriyaki
AmountSauce
Materials Unit Cost per Unit Cost per 1
needed per
serving
serving
Chicken breast 3000g ₱450.00 16g ₱7.50
1 carrots 4pcs ₱60.00 15g ₱1.00
1 potato 4pcs ₱56.00 15g ₱0.93
salt 30g ₱5.00 0.17g ₱0.08
pepper 15g ₱2.00 0.08g ₱0.03
1 egg 50g ₱7.00 0.27g ₱0.12
onion 3pcs ₱20.00 0.05g ₱0.33
oyster sauce 405g ₱30.00 0.75g ₱0.50
butter 100g ₱35.00 0.18g ₱0.58
1 Garlic 48g ₱5.00 0.8g ₱0.08
Oil 750mL ₱49.00 12.5mL ₱0.82
Rice 4000g ₱140.00 23g ₱2.33
₱14.32

Midnight Madness Amount

Cost per 1
Materials Unit Cost per Unit needed per
serving serving
Sugar 1/4 kg sugar ₱15.00 14.70588235 ₱0.88
Kamote Tops 2cups ₱10.00 0.1176470588 ₱0.59
Calamansi 16pcs ₱20.00 0.9411764706 ₱1.18
₱2.65
 Onion Rings Amount
Materials Unit Cost per Unit Cost per 1
needed per
serving
serving
Onion 2565g ₱137.00 67.5g ₱3.61
breadcrumbs 1000g ₱95.00 4.13g ₱2.50
salt 30g ₱5.00 0.17g ₱0.13
pepper 15g ₱2.00 0.08g ₱0.05
breadings 310g ₱85.00 1.3g ₱2.24
oil 750mL ₱49.00 12.5mL ₱1.29
flour 120g ₱10.00 0.50g ₱0.26
₱10.08

75.44117647

50
 Products Hours to Make
1 Unit
Chicken Fingers Rice Meal with Teriyaki Sauce 0.5
Onion Rings 0.167
Midnight Madness 0.167
Total Manhours of Production Required
No of Production Employees
Manhours of Production per Week
Manhours of Production per Month
 No. of Units Total Hours
87 43.5
111 18.537
44 7.348
Required 69.385
es 5
Week 20
Month 85.5 Double check your no. of man hours.

550
Sales Regular Service Change
Day 1 ₱3,210.50
Day 2 ₱5,049.00 57.27%
2 days (actual) ₱8,259.50
x 11
(estimated) ₱90,854.50

Supplies All
Day 1 ₱193.25
Day 2 ₱106.00 -45.15%
2 days (actual) ₱299.25
x 11
(estimated) ₱3,291.75

Expenses All
Marketing ₱10,395.00

Labor ₱3,300.00
Rent ₱770.00
Utilities ₱660.00
Kitchen ₱4,532.00
Purchases ₱35,997.50
22 days
(estimated) ₱19,657.00
 Chick Makino
Projected Income Statement
January February March April

Revenue & Gains

Service Revenue, regular ₱90,854.50 ₱59,963.97 ₱50,515.10 ₱99,939.95

Total Revenue ₱90,854.50 ₱59,963.97 ₱50,515.10 ₱99,939.95

Expenses
Start-Up Cost ₱8437.00 ₱0.00 ₱0.00 ₱0.00
Supplies ₱3,291.75 ₱3,324.67 ₱3,324.67 ₱8,229.38
Marketing Expense ₱10,395.00 ₱15,592.50 ₱17,931.38 ₱20,790.00
Labour Expense ₱3,300.00 ₱3,300.00 ₱3,300.00 ₱3,300.00
Rent Expense ₱770.00 ₱770.00 ₱770.00 ₱770.00
Utilities Expense ₱660.00 ₱726.00 ₱726.00 ₱990.00
Kitchen Expense ₱4,532.00 ₱4,758.60 ₱4,758.60 ₱11,330.00
Purchases ₱35,997.50 ₱37,797.38 ₱37,437.40 ₱39,597.25

Total Expenses ₱58,946.25 ₱66,269.14 ₱68,248.04 ₱85,006.63

Net Income /Loss ₱31,908.25 -₱6,305.17 -₱17,732.94 ₱14,933.33

July August September October

Revenue & Gains

Service Revenue, regular ₱99,939.95 ₱109,025.40 ₱122,653.58 ₱136,281.75

Total Revenue ₱99,939.95 ₱109,025.40 ₱122,653.58 ₱136,281.75

Expenses
Start-Up Cost ₱0.00 ₱0.00 ₱0.00 ₱0.00
Supplies ₱4,987.00 ₱5,485.70 ₱6,582.84 ₱8,557.69
Marketing Expense ₱17,931.38 ₱18,110.69 ₱18,291.80 ₱18,474.71
Labour Expense ₱3,300.00 ₱3,300.00 ₱3,300.00 ₱3,300.00
Rent Expense ₱770.00 ₱770.00 ₱770.00 ₱770.00
Utilities Expense ₱726.00 ₱943.80 ₱1,604.46 ₱2,406.69
Kitchen Expense ₱9,064.00 ₱9,970.40 ₱9,970.40 ₱14,955.60
Purchases ₱57,190.31 ₱62,337.44 ₱60,049.82 ₱58,334.11
Total Expenses ₱93,968.68 ₱100,918.03 ₱100,569.32 ₱106,798.81

Net Income/Loss ₱5,971.27 ₱8,107.37 ₱22,084.25 ₱29,482.94

Key Assumptions
• There will be 22 working days in a month
• Sales will decrease on the month of February and March since the business is new.
• There will be no additions to the labor team

Observation: Sales decrease in the first few months. Afterwards, sales will rise up considerably.
for the first 5 months.
 May June

₱92,671.50 ₱98,577.13

₱92,671.50 ₱98,577.13

₱0.00 ₱0.00
₱3,324.67 ₱4,987.00
₱17,931.38 ₱15,592.50
₱3,300.00 ₱3,300.00
₱770.00 ₱770.00
₱1,188.00 ₱990.00
₱9,064.00 ₱9,064.00
₱43,556.98 ₱56,624.07

₱79,135.02 ₱91,327.57

₱13,536.48 ₱7,249.56

November December

₱150,342.75 ₱170,937.00

₱150,342.75 ₱152,009.00

₱0.00 ₱0.00
₱11,980.77 ₱14,376.93
₱18,659.46 ₱18,846.06
₱3,300.00 ₱3,300.00
₱770.00 ₱770.00
₱4,091.37 ₱4,909.65
₱19,442.28 ₱21,386.51
₱60,049.82 ₱58,334.11
 ₱118,293.71 ₱121,923.25

₱32,049.04 ₱30,085.75

e up considerably.
 Chick Makino
Projected Cash Flow Statement
January February

Cash, Beginning ₱0.00 ₱0.00

Cash Flow from Operations ₱8,437.00

Cash receipts from customers ₱90,854.50 ₱59,963.97
Cash Paid for Merchandise -₱35,997.50 -₱37,797.38
Cash Paid for Operating Expense -₱18,218.75 -₱23,675.77
Cash paid to employees -₱3,300.00 -₱3,300.00
Total Cash Flow from Operations ₱41,775.25 -₱4,809.17

Cash Flow from Investing

Total Cash Flow from Investing ₱0.00 ₱0.00

Cash Flow from Financing

Proceeds from capital contributed ₱3,745.00 ₱0.00
Total Cash Flow from Financing ₱3,745.00 ₱0.00
-
Total Cash Flow from Financing ₱3,745.00 ₱0.00

Ending Cash ₱45,520.25 -₱4,809.17

July August

Cash, Beginning ₱0.00 ₱0.00

Cash Flow from Operations

Cash receipts from customers ₱99,939.95 ₱109,025.40
Cash Paid for Merchandise -₱57,190.31 -₱62,337.44
Cash Paid for Operating Expense -₱31,982.38 -₱33,566.79
Cash paid to employees -₱3,300.00 -₱3,300.00
Total Cash Flow from Operations ₱7,467.27 ₱9,821.17

Cash Flow from Investing

Total Cash Flow from Investing ₱0.00 ₱0.00

Cash Flow from Financing

Proceeds from capital contributed ₱0.00 ₱0.00
Total Cash Flow from Financing ₱0.00 ₱0.00
-
Total Cash Flow from Financing ₱0.00 ₱0.00

Ending Cash ₱7,467.27 ₱9,821.17

Chick Makino
d Cash Flow Statement
March April May June

₱0.00 ₱0.00 ₱0.00 ₱0.00

₱50,515.10 ₱99,939.95 ₱92,671.50 ₱98,577.13

-₱37,437.40 -₱39,597.25 -₱43,556.98 -₱56,624.07
-₱26,014.64 -₱40,349.38 -₱30,320.04 -₱29,643.50
-₱3,300.00 -₱3,300.00 -₱3,300.00 -₱3,300.00
-₱16,236.94 ₱16,693.33 ₱15,494.48 ₱9,009.56

₱0.00 ₱0.00 ₱0.00 ₱0.00

₱0.00 ₱0.00 ₱0.00 ₱0.00

₱0.00 ₱0.00 ₱0.00 ₱0.00

₱0.00 ₱0.00 ₱0.00 ₱0.00

-₱16,236.94 ₱16,693.33 ₱15,494.48 ₱9,009.56

September October November December

₱0.00 ₱0.00 ₱0.00 ₱0.00

₱122,653.58 ₱136,281.75 ₱150,342.75 ₱170,937.00

-₱60,049.82 -₱58,334.11 -₱60,049.82 -₱58,334.11
-₱34,845.04 -₱41,988.01 -₱50,082.51 -₱54,609.49
-₱3,300.00 -₱3,300.00 -₱3,300.00 -₱3,300.00
₱24,458.71 ₱32,659.63 ₱36,910.41 ₱54,693.40

₱0.00 ₱0.00 ₱0.00 ₱0.00

₱0.00 ₱0.00 ₱0.00 ₱0.00

 ₱0.00 ₱0.00 ₱0.00 ₱0.00

₱0.00 ₱0.00 ₱0.00 ₱0.00

₱24,458.71 ₱32,659.63 ₱36,910.41 ₱54,693.40

 Chick Makino
Projected Balance Sheet
January February

Assets
Cash ₱45,520.25 -₱4,809.17

Total Assets ₱45,520.25 -₱4,809.17

Liabilities
Accounts Payable ₱1,430.00 ₱1,496.00

Total Liabilities ₱1,430.00 ₱1,496.00

Owner's Equity
Net Income ₱31,908.25 -₱6,305.17
Cedo, Capital ₱535.00 ₱0.00
Taller, Capital ₱535.00 ₱0.00
Jimenez, Capital ₱535.00 ₱0.00
Pastera, Capital ₱535.00 ₱0.00
Sto. Domingo, Capital ₱535.00 ₱0.00
Naquita, Capital ₱535.00 ₱0.00
Dacuno, Capital ₱535.00 ₱0.00

Total Owner's Equity ₱35,653.25 -₱6,305.17

Total Liabilities and Owner's Equity ₱37,083.25 -₱4,809.17

July August

Assets
Cash ₱7,467.27 ₱9,821.17

Total Assets ₱7,467.27 ₱9,821.17

Liabilities
Accounts Payable ₱1,496.00 ₱1,713.80

Total Liabilities ₱1,496.00 ₱1,713.80

 Owner's Equity
Net Income ₱5,971.27 ₱8,107.37
Cedo, Capital ₱0.00 ₱0.00
Taller, Capital ₱0.00 ₱0.00
Jimenez, Capital ₱0.00 ₱0.00
Pastera, Capital ₱0.00 ₱0.00
Sto. Domingo, Capital ₱0.00 ₱0.00
Naquita, Capital ₱0.00 ₱0.00
Dacuno, Capital ₱0.00 ₱0.00

Total Owner's Equity ₱5,971.27 ₱8,107.37

Total Liabilities and Owner's Equity ₱7,467.27 ₱9,821.17

Chick Makino
ted Balance Sheet
March April May June

-₱16,236.94 ₱16,693.33 ₱15,494.48 ₱9,009.56

-₱16,236.94 ₱16,693.33 ₱15,494.48 ₱9,009.56

₱1,496.00 ₱1,760.00 ₱1,958.00 ₱1,760.00

₱1,496.00 ₱1,760.00 ₱1,958.00 ₱1,760.00

-₱17,732.94 ₱14,933.33 ₱13,536.48 ₱7,249.56

₱0.00 ₱0.00 ₱0.00 ₱0.00
₱0.00 ₱0.00 ₱0.00 ₱0.00
₱0.00 ₱0.00 ₱0.00 ₱0.00
₱0.00 ₱0.00 ₱0.00 ₱0.00
₱0.00 ₱0.00 ₱0.00 ₱0.00
₱0.00 ₱0.00 ₱0.00 ₱0.00
₱0.00 ₱0.00 ₱0.00 ₱0.00

-₱17,732.94 ₱14,933.33 ₱13,536.48 ₱7,249.56

-₱16,236.94 ₱16,693.33 ₱15,494.48 ₱9,009.56

September October November December

₱24,458.71 ₱32,659.63 ₱36,910.41 ₱54,693.40

₱24,458.71 ₱32,659.63 ₱36,910.41 ₱54,693.40

₱2,374.46 ₱3,176.69 ₱4,861.37 ₱5,679.65

₱2,374.46 ₱3,176.69 ₱4,861.37 ₱5,679.65

₱22,084.25 ₱29,482.94 ₱32,049.04 ₱30,085.75
₱0.00 ₱0.00 ₱0.00 ₱0.00
₱0.00 ₱0.00 ₱0.00 ₱0.00
₱0.00 ₱0.00 ₱0.00 ₱0.00
₱0.00 ₱0.00 ₱0.00 ₱0.00
₱0.00 ₱0.00 ₱0.00 ₱0.00
₱0.00 ₱0.00 ₱0.00 ₱0.00
₱0.00 ₱0.00 ₱0.00 ₱0.00

₱22,084.25 ₱29,482.94 ₱32,049.04 ₱30,085.75

₱24,458.71 ₱32,659.63 ₱36,910.41 ₱35,765.40

 Chick Makino
Projected Equity Statement
January February

Owner's Equity, Beginning ₱0.00 ₱31,908.25

Additional Investments ₱0.00 ₱0.00

Net Income ₱31,908.25 -₱6,305.17
Less: Profit Sharing ₱0.00 ₱0.00

Owner's Equity Ending ₱31,908.25 ₱25,603.08

July August

Owner's Equity, Beginning ₱43,589.51 ₱49,560.77

Additional Investments ₱0.00 ₱0.00

Net Income ₱5,971.27 ₱8,107.37
Less: Profit Sharing ₱0.00 ₱0.00

Owner's Equity Ending ₱49,560.77 ₱57,668.15

Chick Makino
ed Equity Statement
March April May June

₱25,603.08 ₱7,870.14 ₱22,803.46 ₱36,339.94

₱0.00 ₱0.00 ₱0.00 ₱0.00

-₱17,732.94 ₱14,933.33 ₱13,536.48 ₱7,249.56
₱0.00 ₱0.00 ₱0.00 ₱0.00

₱7,870.14 ₱22,803.46 ₱36,339.94 ₱43,589.51

September October November December

₱57,668.15 ₱79,752.40 ₱109,235.34 ₱141,284.38

₱0.00 ₱0.00 ₱0.00 ₱0.00

₱22,084.25 ₱29,482.94 ₱32,049.04 ₱30,085.75
₱0.00 ₱0.00 ₱0.00 ₱0.00

₱79,752.40 ₱109,235.34 ₱141,284.38 ₱171,370.13