FINANCIAL REPORT

Journal Entry
2022

Date Particulars Note Debit Credit

19-May Cash 500
EYT Co., Capital 500
To record initial investment in the
form of cash
3-Jun Materials Expense 322
Cash 322
To record purchase of materials
9-Jun Cash 1765
Sales 1765
To record sold products

Ledger
Cash
Date Explanation Post ref. Debit Credit Balance
5/19/2022 Capital J-1 500 500
6/3/2022 Payment for purchased materials J-1 322 178
6/9/2022 Cash received from customers J-1 1765 1943

Materials Expenses
Date Explanation Post ref. Debit Credit Balance
6/3/2022 Payment for purchased materials J-1 322 322

Breakdown
ENTREPREN-YOUTH-TUAL
Pre-loved clothes
Capital 500.00 Total gathered contribution from each member of the group

Total Initial Capital 500.00

Preparation
Collecting and washing of clothes
Drying and the clothes must be ironed
Packaging is 5-7 minutes

Needed Materials Pre-loved clothes

1st month of operation

Cost of materials Clothes
Packaging paper 100.00
Packaging rope 80.00
Cartolina 32.00
Scissors 40.00
Double-sided 20.00
Appreciation card 50.00

Total 322.00
Income Statement

ENTREPREN-YOUTH-TUAL
Income Statement
for the Month Ended June 10, 2022

2022
Sales 1,765.00

Total Sales 1,765.00

Less: COGS (Cost of Goods Sold)
Purchases
Materials 322.00
Total Gross Profit 1,443.00
Less Operating Expenses
Salaries -
Transpotation -
Gas -
Utility Expenses 50.00
Advertisement -
Licenses / Permit -

Total Expenses 50.00

Total Income before Tax 1,393.00
Less: Income Tax -
Total Net Income After Tax 1,393.00

Cash Flow Statement

ENTREPREN-YOUTH-TUAL
Cashflow Statement
for the Month Ended June 10, 2022

2022
Beginning Cash Balance
Initial Investment 500.00
Cash Inflows:
Cash Sales 1,765.00
Total 2,265.00
Cash Outflows:
Equipment 0.00
Operating Expenses:
Salaries 0.00
Transpotation 0.00
Gas 0.00
Utility Expenses 50.00
Advertisement 0.00
Licenses / Permit 0.00
Loan and Interest Expense 0.00
Income Taxes 0.00
Total Cash Outflows 50.00
Cash Balance, End 2,215.00
Balance Sheet

ENTREPREN-YOUTH-TUAL
Balance Sheet
for the Month Ended June 10, 2022

2022
Assets
Current Assets:
Cash 2,215
Account Receivable, 0
Inventories 300
Total 2,515

Equipment 0
Total Assets 2,515

Liabilities and Owners Equity

Current Liabilities 0
Long Term Liabilities 0
Owner's Equity 2,515
Total Liabilities & Owners' Equity 2,515

Profitable Ratio

ENTREPREN-YOUTH-TUAL
Financial Analysis
for the Month Ended June 10, 2022

Financial Analysis (to the nearest units)

2021
A. Profitability Ratios
1. Profit Margins (ROS)
( Net income / Sales) 79%
2. Return on Investment (ROI)
(Net income / total assets) 55%
3. Return on Equity (ROE)
(Net income / Owner's Equity) 55%

B. Payback Period - Schedule 1

Investment = Php 3,000.00 (Cash)

Net Cash Flows:

2021 = 1,393.00

C. Internal Rate of Return (IRR) - Schedule 2

Investment Php500.00
Net Cash Flows:
2021 Php1,393.00

Php1,393

Php1,393 Average Net Cash Flows

= Php464.33
3 yrs

IRR = 500
= 107.68% at Period 3;
Php464.33