Waiter Industry Waiter Industry

Statement of Cost of Goods Sold Statement of Comprehensive Income

For the month ended (month) For the month ended (month)

Beg Inventory P 0.00

Add: Purchase P xxx Sale P xxx

Less: Purchased return and Allowances P xxx Less: Sales return and Allowances P xxx
Purchase Discount P xxx (P xxx) Sales Discount P xxx (P xxx)
Net Purchase P xxx Net Sale P xxx
Add: Freight In P xxx Less: Cost of Good Sold (P xxx)
Good Available for Sale P xxx Gross Profit P xxx
Less: Ending Inventory (P xxx) Less: Operating Expenses (P xxx)
Cost of Good Sold P xxx Net income P xxx
 Waiter Industry Waiter Industry

Statement of Financial Position

Statement of Changes in Owner’s Equity
For the month ended (month)
For the month ended (month)
ASSETS

Current assets P xxx

Reyes Capital (month w/date) P xxx Cash P xxx

Add: Net Income P xxx Account receivable P xxx

Inventories P xxx
Subtotal P xxx
Supplies P xxx
Less: Drawings (P xxx)
TOTAL Current Assets P xxx
Reyes Capital Ended P xxx Non-Current Assets

Equipment P xxx

TOTAL NON-Current Assets P xxx

TOTAL ASSETS P xxx

LIABILITY

Current Liability

Account Payable P xxx

TOTAL CURRENT LIABILITY P xxx

Non-Current Liability

Note Payable P xxx

TOTAL Non-Current Liability P xxx

TOTAL LIABILITY P xxx

EQUITY

Reyes Capital P xxx P xxx

 Waiter Industry Date Income Summary P xxx

Closing Journal Entry Reyes Capital P xxx

For the month ended (month) Update Capital

Date Particulars F Dr Cr Date Reyes Capital P xxx

Sale P xxx Reyes Drawing P xxx
Sales Return P xxx To Closing Drawing
Sales Discount P xxx

Income Summary P xxx Date Income Summary P xxx

To close Sale Account Purchase Return and All. P xxx

Purchase Discount P xxx

Date Income Summary Expense P xxx Inventories P xxx
Advertising P xxx Purchase P xxx
Freight Out P xxx Freight In P xxx
Rent Expense P xxx

Salaries P xxx

Utilities P xxx
 Waiter Industry Waiter Industry

Statement of Cash Flow

Post-Closing Trial Balance
For the month ended (month)
For the month ended (month)
Cash Flow Operating

Cash Received

Particulars F Dr Cr Collected from March 6 P xxx

Refund from supplies P xxx

Cash P xxx
Sold merchandise P xxx
Account Receivable P xxx
TOTAL Cash Received P xxx
Inventory P xxx Cash Payout
Supplies Equipment P xxx Bought merchandise P xxx

Account Payable P xxx Paid freight on March 6 P xxx

Paid Uptown P xxx

Note Payable P xxx
Bought merchandise P xxx
Capital _____________ P xxx
Paid salary P xxx
TOTAL BALANCE P xxx P xxx Paid freight P xxx

Bought merchandise P xxx

Partial payment to Seiko P xxx

Refund to costumer P xxx

Paid expense P xxx

TOTAL Cash Payout P xxx

Total Cash Flow Operating P xxx

Cash Flow Investing

 Cash Received

(kung meron man) P xxx

TOTAL Cash Received P xxx

Cash Payout

Bought equipment P xxx

TOTAL Cash Payout P xxx

TOTAL Cash Flow Investing P xxx

Cash Flow Financing

Cash Received

Initial Investment P xxx

Borrowed money (RCBC) P xxx

TOTAL Cash Payout P xxx

TOTAL Cash Flow Financing P xxx

Increase/Decrease Cash P xxx

Cash Beginning 0

Cash End P xxx