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    7 views120 pages

    Illustrative

    Uploaded by

    Shiela Jean H. Resco

    Copyright:

    © All Rights Reserved
    Download as PDF or read online from Scribd
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    of 120
    CRUZ, PEREZ, ABAD & CO. ‘CERTIFIED PUBLIC ACCOUNTANTS CONTENTS. -| PARTNER Crispin P sarrmatrce_David MM. Caritio STAEF ASSISTANTS Fidel Alano, duan de fa Cruz Renato Ort i KEY TO STANDARD TICKMARKS j cient; ABL “Tanufactinung. » fre. Period Examined: Geam ended) Deano 81, 191% ; Standard Tickmarks Audit Procedures Performed . K Footings verified (shown under total figure) = « Crone footings or computations verified (shown at right of total figure v Checked. against general or subsidiary ledger figures x Checks paid by bank examined v ‘Vouchers and supporting papers (specify) examined + g Confirmation obtained for items other than receivables | ‘and payables [See note below] cB ‘Confirming balances) ) RD ‘neporting differences) } Results of confirmation AP Returned by Post Office ) requests ‘ ) NR No replies ) UR Items for inclusion in letter of comments ® Items for inclusion in notes to reviewer . ! 4 KEY TO AUDITORS! INITIALS i Name . Initial, Le ivan deta Coun Sd 2. Renate Ontix 3. Bedede Gbewnor ee Eeeeane 4 Bail Te Conese 4 A vorts: TAS ag. written clove to figure of Item confirmed, Cortes See comrirmaston reply. may be uve followed by the . gd insiead of B. b. Unless otherwise Indicated above, tlekmarks are placed to the right of the corresponding figure or (tem. We have examined the balince sheet of, ABU. Abe menor income and Broembn 31,1972. and the related stat petained earnings and changes in financial position for the _ eG 1, WER fo Si, 919-00 Baan Pe 7886, 91900 Tora Aunowr oF Tax Cousnenae 7 Sie. SIaoO ae We declare under the penalties of perjury thit this return has been examined by us and to the best of F ex knowledge and belief is a true, correct and complete return, made in good faith pursuant to the National Water Revenue Code and the regulations issued under authority thereof. : BS — eae oft 202 2 anita Dae | = Tote ted ep by be COLLECTING OFFICER e. e % SECTION C—DETAILS oF INCOME AND DEDUCTIONS P tent tereronr 84, -] ‘SCHEDULE 1—FCOME FROM: OPERATIONS: al aan Pon— ~~ | P| OOD ‘SCHEDULE 2>—GAINS OR LOSSES FROM SALES OR == = E ‘EXCHANGES OF CAPITAL ASSETS: & FE acipe=ey oo) a = |: vegas | YEE" | ex or Sam r 4, one ‘are : = a a = { " ares . & —— Tome trv Carmat Gare on Loma —___| £4800-20 3 . SCHEDULE 3—RENTALS AND ROYALTIES. tenet wore’ corer ef the Dropry tad sal! awed tn tee Perinat rovdone af entrant cng tar wos eth shee [Ett proven, We ane of the tat frame Sombie tease 1s the cane of forsen erperann dprecton sbowsnn shal be be smisid only when suck nncriy fs hese ia the Foose : INTERNAL REVENUE TAXES: Residence tex ‘Additional residence tax Privilege taxes ‘Sales taxes MONTCEPAL TAXES, LICENSES AND PERS: Wholesler's tax Motor vehicle registration fee ‘Workmen's compensation registration tee. a 4,717.05 “daxgh & tog 27,035. 00 TOTAL TAXES AND LICENSES PER INCOME TAX RETURN P 390, 622. 00 (Te above does not include taxes a ae aaa 5,367.50 5 19,657.00 4 12,500.00, 1,561,iH2- 50 x NET TAXABLE INCOME PER INCOME TAX RETURN ‘TAX COMPUTED AS FOLLOWS: F100 Mpg x4 + T Tas 462” x 36%. P35 0.04 EU Sit 00 n p 536,614 00 fot het ny ea SR RAE e e feladute | ' teat 4 faade fats 2 fous Thatwintr Weds £3, 550,000 buried Labow 344,000 DRanufedtuning Aypinare 2666498 | ; Petal Tranufactiining Cut i 659, 499 4 fede im ae : 1 Sonenternp, Auginadng, pte gow 121,000 t Sruunaney 2dr of the paw —C 115,200). i faut feeds Ranuppatinntd 6/491, 495 nukids face Srostony, Auras of thy paw 655,000 rauateny, sadop te yan 200 feet af Peed fabs | hogs ate | | 2007? 2 a i : . JS a j ast “ ans S ont ‘ase ‘a1 | oth His | of ELE a} TVLOL poresnony sox 2018 . 2qo1 mea z2m0 | uy GIgenony 20) 1 neo Fpewsy | penorty wopeyoordag] Noraviomuana - 6 s1nasHOs See eee eee Srirwoas, im production alumi peated ok nanufeRunng Ut items He mary bgripitant. ae of which ary: (he Pls ond Pa) Laan prow, Faw nadercole ward 1,250 000 Buvuech laden 6,000 Damafatharing tipinsis Pdiret halen 192, 560 haptrisdinduccs 19, 800 Fachory Aupphia 8 dao Lops ond uodn- % ooo Srorwaut tm deprrtiorion thorgu totaling 7 195 460 ie due fe Auitding additimy d4 will a4 machina anh tyrignink asquisitiog duning thy yar Adgiatmente padued, Qapiating entvise civelveng immabincal dmtuede try posid mn te dis fon netording, we WS. tee adbyadtnsndy : rerederting wert i svintany gritnng And stinaioon. (ler (5,6 +1) Ntuwlh Uw Umierskatument of aucte ty F472 and sunstatement of oar of ales Ly’ Me dome Qntarnh - | reF Codcfieate of atook of RST to. Sno. for 4,290 Ahan wer trnruausly idutd nv thy name, of Ernesto fine tty fressdent who Ragebiatid Me gurchany for te torpony (Is) Lo nusommund tah Ue urbifizote be Jadarud to oy that a rw Urtificoty Le tiuwade cw Me rare of thy Lom pty WidhRelding San Grmaums urthtutd, on palania of Unrtouns employs nak in acombomey with demi - romthly wrtthelding taht. AA fo_augasat tod diductiont fon wrth - Aatdving tay Le made Un dectrdamin _wikhs Be, unthRabding talble Chrwrie Gmpany nay de penalized with 254, tunchangy fessd Or amraumt of dapiecens tap Sof 4 A. Fidelity body, Snployn fondling aah funds (1ollschum, dnd potty wah) not toned by fiddly donde Sein Sau Aum Arought to Stianty obantion. vn winding Yawk spoon be Detome korg rdoun stipends itm rat adequately dugpertsd By Metra wr vei noy de det Aitowrd dy Ue hurtin of Prtsraot kuvenuy for thtamt fan puur poder f. feuutte of empiomotion of Oetourte darivadle (lu be). : lmpinmakion ruspatat from Min ust ominn rupredrading 54 of tetal number of confirmations tad dutrn rtured dy gor effin to mnggubs tah Uy nuumnd of tual ddan Le updated - LIST OF COMPARATIVE RATIOS cunwr...ABb Mhaaafeturing tee. ‘TYPE OF SUSINESS | _Muaufadluning — i RATIOS rst | sega [1s jas | 19 T 4 2. Working capital ratio (Current * assets current Habilities) aR, [23651 ia tecelv> ' vate 960) | nua ths Hl 3. Ratio of inventories to working * cha BEL ect 4. Ratio of fixed assets (net book @. Number of days’ sal bier (Accounts ree het sales x 380) ativeicelioemrera}aekt 266.144) 65h, fy Ratio of tora] wockoldene ease . Cautty to torel abiiiees HAR 166-24 ©. Grow profie rate (Grote profit om net sates) amy m2h sales + 7, Ratio of cost of goods sold and operating expenses to net tales 8. Ratio of net income to net sales j @. Ratio of net income to average 7 of beginning and ending stock- Fahy} eh " holders’ equity Yo. Book valve per shave (Total sock |_ 1270 ; holders’ equity + number of IT sage | P12 | tharer outendiap | - prkatoment of 141 talaneen End edpislmaat Hox: cd additianal Ye tou pen bo att tro Clee We) ee eee Bis pethtnmdecng apts Utashe dadans nv HPA » Mee Atm ‘ABC MANUFACTURING, INC. ‘TRIAL BALANCE DECEMBER 31, 1972 Cr. Postage Stamps Fund ° 1s0¥~ Petty Cash Fund 2,0007” " Philippine Bank 463, 200 Eastern Banking Corporation: " ‘Current Account 259, 3807 “ Savings Account 50, 0004 ~ Marginal Deposits on Unused Letters of Creait 140, 845 v ~ Accounts Receivable 1, 300,,000¥ Allowance for Doubtful Accounts 2 65,0004 Finished Goods Inventory 772, 900v Goods in Process Inventory 135, 000V/ Raw Materials Inventory 845, 000// 7 Factory Supplies Inventory 378, 00077 Materials and Supplies in Transit 191, 84007 Prepaid Insurance 127, 730¥7 Prepaid Import Charges 6.90007 Prepaid Interest 4, 39077 Investments 134, 070v/ Land 137, 02047 i Land Improvements 277, 000 ‘Accumulated Depreciation - Land Improvements 31, 4007 « , Buildings 2,185, 4000 ; Accumulated Depreciation - Buildings 360, 750¥ ~ Machinery and Equipment 8, 598, 000v ‘Accumulated Depreciation - Machinery and Equipment 1, 244, 250077 Furniture, Fixtures and Equipment 97, 600v,, i ‘Acepmulated Depreciation - Furniture, i Fixtures and Equipment 25, 590% { Delivery and Transportation Equipment 98, 600¥/ { Accumulated Depreciation - Delivery | ‘and Transportation Equipment 32, 700¥~ Buildings under Construction 132, B00¥7 Machinery and Equipment under : Installation 430, 31077 Land Held for Future U . 190, 0007 ‘Advances to Officers and Employees 21,5207 Refundable Deposit: 4, 800.7 Withholding Tax Payable 4, 8004 ~ Accrued Payroll 53, 5007 ~ Accrued Taxes and Expens 61, 0007” ‘Accounts Payable 223, 6100, Customers' Deposits and Credit Balances 19,270 % Notes Payable 280,000 7, ‘Acceptances Payable 120,032 47 Liabilities under Trust Receipts 80,755 v7 Mortgage Payable 4,500, 0007 Authorized Capital Stock 10, 000,000 v” (Forward) . TS a Dr. Cr. Unissued Capital Stock, P 3,187, 500v/ Subscribed Capital Stock : P 100,000” Subscriptions Receivable 25,000v7 Treasury Stock 57, 000ws Retained Earnings 1,819,2757 7 l Sales 9, 250, 7007 / | Sales Returns and Allowances 45, 000v/ a Dividends and Interest 71,4907, ‘ Gain on Sale of Equipment 700v" : Miscellaneous Income 129204 Loss on Sale of Investment 3, 500v/ Interest Expense 242, 5327 : Gain on Sale of Land Held for Future Use 125, 000V7 Cost of Goods Sold 6,458, 135v7 Raw Materials Used 3, 350, 000% Direct Labor 344, 000v7 2, 689, 135 i. Manufacturing Expenses Manufacturing Cost Operating Expenses 6, 583, 13547 s92v/ Re. La. goon Budrs7e TB, tt, ABE Ramafedtaning fro Gdjurding dade Luchaweifuying Jeumnal afte 12. 4a E He:tipinat dank. Het tt He ct ak 26 on, abd | oa | tT np foro atl a q é “pouty oak owdih a ett Meuobt Mo reclassify eucroni' | napicl| Ild P| fn ttatamiad gurporre |B | ta bol Teliebeat TTT tee lulofads dapouishion Melebe Md Ugo 111 alt Marhirsruy Ged. thuviprreot Uy 4 A + = fo adjush dupasiohon, pokethl |i | a yon FAS + fo [Ge [raed en 8 PREPAREL ut 7 ul ae a ae TE Se ASE eae [OO we ABO Panwa Mirada (2. 31. 7 wate i 4 ei ey ASE, Tape a aoe ABC. Thana Werking bahanes JQ. 34 72 we rea 12.9178. q PRN EN etteusd igen end Ueptn Asa poole [eadtlomarn' dapuaid ant tascin, Re ougo Le, tan poyode te poate tandlow tush radeiphy Bc jad, of Long. terme deli, die Within One yearn dutRonied MaBaeni bad Luduoueptions rnceivodle Antal paid-in capital a eOpital dnd rhornsd qe ‘each, test BockRatdere’ Equnuty ila altel 4 i H okad Like ond dena! bguihy betilataells] IT lslati Ms alien i | ] te Do neannify Currently _n| fe Toe lal eT [- [el Rqwea efx _wodatamenk felted [ ‘PREPARED BY TaviEWa wes, etd J Bete Lg Sas pe A an fetie a Be HoAk 17900 19TH - Srb009 aya000) y 397 60-189 2h 140% hee jeoece jodeo940 “eeoaa~ 4010000 6912500 | i “E ve trian Years Golsinesy aT Gy Ad (dunt) || Odjpaatc Bdge mend i aL a. fons Sooky Hi sare tank, laveauird unt iy Meme, rar Name of Fund (Cash Count Dates 1a ABC Pamucfatuning , Ire fectage Hampa tande ae (Gee space below for comments or remaris) Benoens [Quanity | _Amouns TOTAL | F100 e 50 in 20 | HRaCTIONAL DENOMINATIONS: TOTAL BILLS AND FRACTIONAL DENOMINATIONS rs asm 1rems: Z chechs ana PUO for epeaie +} Postdated cheeks | Disbursements not yet reimbursed Advances or 1OU's omens Aeatagy shampy oe AMOUNT OF FUND PER COUNT AMOUNT OF FUND PER BOOKS OR RECEIPTS | i thereby cently thatthe aoe fund of p bo- was counted in my presence by Guam de te Cui, wepreventative of Crus, Peres, Abad tt Co. os Gomory 2, 198, from £22 to $4 A-M, and was returned to me intact. here are no other funds in my:possession for which I am accountable to ABC Manuferluning ‘or funds left in my custody by other parties except as noted below. pT en tate | r funds: f “2 : 7 = Tepaeaey “#2 + iii Jose santos __ - _ | Re is TRS Ksulin of ak Caunk nipartids to Uienk tm aun btn dated 6.18 Tat nplaniakmanks COV fo, a8 datas zt. ta fer 9 0 i i PREPARED 6Y BEVEWED BY ae cae ae [a iv Tae of Fane Camh Cane Bate $BG manufactumng , Ire Putty, Cask fund, Law (Use space below for comments or remarks) To See Jouancity | amount TOTAL is _ 7 F100 | Eee Pe 50 20 Too 10 ilo} - | 5 | iol z 1 | eb lek fe | ce 50 | Mf |? 2s | Bal caf 10 | AN 1 05, Te {| o1 | ho TOTAL BILLS AND FRACTIONAL DENOMINATIONS, st ITEMS: _ Checks and PMO"s for deposit > rontdated checks | Disbursements nox yet reimbursed Ay | die) -| | Advances of 10U: ¥{ [13 | others L > | [Wfeb| eo AMOUNT OF FUND PER COUNT AMOUNT OF FUND PER BOOKS OR RECEIPTS OVERAGE (SHORTAGE) Thereby certify that the above fund of ® 2000.7. ____was counted in my presence fay — be representative of Cruz, Peres, Abad & Co. 2 19%8_, from to £4 A.M, and was returned to me intact, here are no other funds in my possession for which I am accountable to 480 Than fatarng, or funds left in my custody by other parties except as noted below. Custodian: ‘Amount C ee Hee row Pandan t Teint 20; Carne i0 Pay raflunithmants — To.4 2142 dated, 2:40.12 for 7 M00 ennring tgpentin ap to 12.672 fusplinstad item chucked te Aeplarcahnent To. #2281 for P00 doked 1.4.70 nd found hab oa, tae endo = wombat for individual dikunaentady py ply tah, fund i Utoltiatad Ly ongoing TR _ mounts Hooks (ov oben) Yoon — waco fe Sib Spica wh olainae waa THE EE 7 (519 Dien bal TeA iy [BE Panuguctuning he titty ost funds Advances ta_tmpleyew Tae 2 f 200.00" dete, Sottoee : sag 120 statinaunjapfice supple 2 1.3 0 bent Adige aoe i 24.60 mk.ty Cowads Gnloe — © t— 25.00 iMate baiges ging 9 29.10 cmt Mew Bewin 10 t— pen. 0 0.0 0 pentay Asti Ul 2 us 00,00 prvtcty tenste time 4 -— 100.00 : 100.00 300, ca 100,00 300 “ 100.00 A '— We pi 50.00 has 4 sp ult, 9.0.0 | st (a ulidw 5.00 1.160.00+ 60.00* FZ 1s and elinnce, duly oppwrenth: hy Seemunne Gopameticen neplatar _( obfadned pertradly ) or Odwaneey ane tm Aeganate fle Ag. 4 Name of Funde (Cash Count Daves — 480 Ranufartuning , She Mndepotcid albushiona 12% China below for commons ofa Ba [omuiy [anon [Toran ass T I P100 iP { To 50 fim [ 20 La ; 1o_| 45 «| liso a{ Tia u 2 [ > | Tibise Tactionhi DENOMINATIONS: t ALO _ P50 eth ci i 20 y Le TOTAL BILLS AND FRACTIONAL DENOMINATIONS CASH ITEMS: Checks and PMO'S : toa etn Ae | . for depos Postdated checks 2 Disbursements not yet ceimbursed Advances of 10U"s i _ others ttf LK — + re AMOUNT OF FUND PER COUNT [x AMOUNT OF FUND PER BOOKS OR RECEIPTS Ag | o ToAa OVERAGE (SHORTAGE) Ely Thereby certify that the above fund of P £7, Ho- was counted in my presence by henote they representative of Crus, Perez, Abad & Co. on —Gasunny 2 , 198, from #0 __ to F2 ALM. and was returned to me intact, ‘There are no other funds in my possession for which Iam accountable to ABC Manufatlurrng —Se._________ or funds left in my custody by other parties except as noted below. Other funds: (Sigultaneouly controlled o contd Nome Tome | cestdtam Ait: task fund, (Lee As) Tadeb|- yan Harta t bey —fostagy, Hamp Fuad (ler As) iim To eS fisulls, of ah teunt rigartid, te Oink si sow lew datad 16-28 te tush racnigte took and te taherguind bank whieh depoid Abige bepoutih om |. 2. 18 be 2) 72 | 100 ranacfastancng dre a 2, prey haa a pau, ven Ke q ites Aasky 12.48 2 YYOWYSSTT TED j eccocccocccce Ssdddddcdddce eMmoconomonndae 23 COffinit rueripte cnapucted. OR Ao. Mt ya yericfud’ to Ay the, feat the, Jered Ar ‘ABC MANUFACTURING, INC. BANK RECONCILIATION - PHILIPPINE BANK DECEMBER 31, 1972 Balance per bank statement, 12/31/72 470,200 p Less outstanding checks: Check —Date_ payee No. Amount. 9/ 5/T1 Southern Bazar 178562 1,600 # 11/ 9/72, Atlantic & Pacific Co. bogatly 2,000 ¥% 11/20/72 International Hardware - 3697234 200 v, 11/27/72 Luzon Brokerage 3906325 2,000 12/27/72 General Asiatic Go. 3906851 600% 12/28/72 H.E. Heacock & Co. 390690% 400 12/29/72 LBC Air Cargo pp vo0 200% __7,000 n Balance per books, 12/31/72 463,200 / i a i Me © do rund to cask PB check # Mntsc2 which Len dete, tubttanding for mur Or. Yeon 1, boo # Qe odpuated | 2 31. 72 464, too A ba H tachh againat Basimdin tend stotamtal Ufiarad dy tok Ag A Shetek to adh dickuntrmerdy Beek and to January Oh - tank, Batu miad (Ou M4 110.13) Coaminsh paid, neha ita the uh off fenk piaterntar » fack chucky aad cud - off tank Uaderink we, reiived dirvethy frm te tank Yo Uatdbanding fav Du om yor - to de nuitrted do tak AE @ Croke on thd, Oetaunt tre Aigred dy Hy rie prtidenat ow B Hy, trou OAL Catinniqnh Aap ty tmbatln Hin tar te beemdane Lath dudetern’ mination of Thay [6,971 PC. 010.73 Ro- 10.98 Bey 32-78 4 LA CRUZ, PEREZ, ABAD & CO., CPAs HD P. 0. Box 535, Makati, Rizcl 1, We hereby report that at the close of b followin 3 balances to the credit® of iness on__December 91 1912 our records showed the MANUFACTURING, ING. 7410.20. 00 | Regula Checking Account [wool [s Deposit daft, ete. at the cl Nowe Tine Deposie Dae Date None Other (seciy) 2, We further repott that the above-mentioned customer was directly liable to us by way of loans, acceptances, over lose_of business on that date as follows:® tomer as at the above Nene Coda || $a, 500, 000 %HL Loam lsee atiheted te deeat 256,916, 00 | Accepunce carious None | owen pect) 7361, 510, 00bbp at Reco 2. Other direct and/or contingent lables were None fndone of Neves Dicowmed None {Gumanor of News None Obes (pect) : 4 Detall of total unused lene of cedit of id cam | 5. Other accounts with the bank on that date were entioned date were as follows (details atached)* 1. Securitas held for mfebeeping_@ None ar cea, |__ reso 1 tm held for ealection None Tsou Leen of Ged |$40, 529. 00(T0FF) None Dane Leten ef Cet x None Masi! Deas a4, 692. ON. 8. Except at tated above, according to our a ry 11, 1979 : 2243 If the space provided is inadequate, please enter totals hereon and. for by the above column cords, seid customer had no other account with us. Yours truly, (Genk) _ PHILIPPINE BANiC By: Auster ‘Katoraas Stenae Tie ch a statement siving full tals as called headings. Aq ay ' PHILIPPINE BANK Escolta, Manila January 11, 1973 Following are the details of mortgage loan extended to E (ABC Manufacturing, In i Balance of principal as a! December 31, 1972 24, 500,000.00 1 Acerued interest as at December 31, 1972 216, 000.00 4 ‘Terms (principal and interest): Each loan is payable in twenty equal semi-annual installments - pToOL due January 1 and July 1 including 12% interest on the unpaid balance. Security: Machinery and equipment of the com- pany. Insurance policy Nos. 3057, 3058 and 1401 on assets mortgaged are being held by us. /o/Ag BY! Xianndler Aloe RICARDO BLAS __ Auditor TKuthorized Signature) (Title) gi ABC MANUFACTURING, INC. BANK RECONCILIATION - PHILIPPINE BANK NOVEMBER 30, 1972 Balance per bank statement, 11/30/72 2549, 200-4 Add deposit in transit - 11-24-72 9,800 an 558, 700 : yay we 4 outstanding cheeks: a ie . | Check { Date Payee No. Amount ' / 9/ 5/71 Southern Bazar 178562 Pl, ooo 11/ 9/72. Atlantic & Pacific Co. 369411 2,000 11/20/72 International Hardware 369723 | 2008 1 11/27/72 Luzon Brokerage 390632 2, 00 4 11/28/72. Bernabe Marketing Corporation 390640% 3.4008 11/28/72 Champion Investment Co. 390641 % _4,500 13, 700 Balance per books, 11/30/72 545,000 A $F Mack: against Leginming talon af Betemdin faa datument A hated, bo tush ruripty Look and to Reormbin Hawk statumr—Lb nf Uathd agoind yruvous yore uihag papie Ki teed to tah diahurarntnty dock and te diermiry tank { Mada msnks , LO trawd to UUk Laturaemente Fook ; HL autihonding ab a a1 FRC. upaa © saagre Smut was Au Al ‘ABC MANUFACTURING, ING. BANK RECONCILIATION - EASTERN BANKING CORPORATION DECEMBER 31, 1972, Balance per bank statement, 12/31/72 P222,510 6 Add deposit in transit 12/29/72 As 87.420 309, 930 . Less outstanding checks: Check Date Payee No. Amount 11/27/72 Ever Products, Inc. 411361s ® 7, 1000, 12/4/12 7. R. Rason & Co. 411374 12,000 12/19/72 Southeast Industrial Gorpora~ tion a1iz92x 6,550¥ 12/26/72 Continental Sales Company 4114091 4,9004/ 12/29/72 Lunar Commercial, Inc. Aw 4114207 _20, 000 7 _50, 550 A Balance per books, 12/31/72 2259, 380% : To ‘A Pr wickid, agains bent tenk Makiment, tmfirrad ty tink AB. F baud to Usk dinturnunedt Look and to cub - off tonk Maken (ae at |. (0-73) Eramneh, paid chucky remand sth tab. off Bank Aaterin dauetly frm ty bank ech on ue aeetund Ort higud te Vite president ov Be buat Od Uunkintigad by Me Min iv in weemdamey, with dircctors’ minuiliar af May Ie, 1! F Woeids te cash paceipte baal ond te famuariy wh aff Lente Masamund. PC. 110,73 ‘ @ 1898 MMe te CRUZ, PEREZ, ABAD & CO., CPAs P, 0. Box 535, Makati, Rizal 1. «We hereby report that at the clove of busines on. December 31 1912 our cords showed the following bolances to the credit of ABC MANUFACTURING, INC. 7202, 510f fal toda Gnd Acme EEE None Time Deposits Due Date: wens [cen rs dats, ete. at the close of business on that date as follows:* 2. We Turther report that the above-mentioned curlomer was directly liable to us by way of loans, acceptances, over _t wm | omer unm [ait SH epee MESES Nowe Ons 150,000 1% ho, 11, 72 [2.873 12 ‘Land - TCT #21967 Zo/A 20,000 VedNDnabblaheed fin.16. 72 [2.13.78 | 12% 5000 shares of Pacific Compa None Others (specity) Ta FE None Tet Reco 3. Other direct and/or contingent liabilities were: None Cone of Netw Dasond None Guu of Nowe None thes (eas) 4. Details of total unused letters of credit of said cut the above-mentioned date were 2s follows: Other accounts with the bank on that date were (details atached):* ee MT] | nena ie ltens_f_ Hone commence, reso ‘b)_Itam held for collection None Import Letters of Credit : None Trust accounts None Donec Laman of Coit_| None 2) Ot (west) Nose Maal Devos None Tine Dept {Fivene Se Exceot as sated above, according to our records, si pue___tanvary 12, 1979 ue 19848 'N. 8. If the space provided is inadequate, please enter totals for by the above columnar headings. customer had no other account with ws, Yous wuly, (ank)__ EASTERN BANKING CORPORATION By cn __ Auditor hereon and attach « statement giving full details as called Ais PB ABC MANUFACTURING, INC. BANK RECONCILIATION - EASTERN BANKING CORPORATION NOVEMBER 30, 1972 Balance per bank statement, 11/30/72 Add deposit in transit, 11/29/72 Less outstanding check Date Paye 11/16/72 a/i7/72 11/22/72 11/27/72 11/29/72 Balance per books, 11/30/72 186,420 29, 635 216,055 A Check ; No. Amount | 4113504 P 9, 645. 4113524850 411355 —3,500K 411361 ; 7,100 : 411370% _10, 0004 31,095, £184,960 7” A $+ Bathad againat Leginning Galanee of Ducimkin fark atatument . 7 rated fo sash ricrigtu Seok and te Batamtn teak Motemeat X eaead to task ditturerente tok and to betimbey beak . Madiment

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