Professional Documents
Culture Documents
Petty cash A
PCIB A
China Bank A
FEBTC A
Accounts receivable trade B
Accounts receivable others C
Spare parts inventory D
Investment property G
Leasehold improvement G
Furniture. Fixtures and equipment G
Accumulated depreciation G
Capital Lease equipment G
Preoperating expenses H
Deposits H
Accounts payable trade AA
Accrued expense AA
Advances from stockholders BB
Income tax CC
Deferred income DD
Capital stock JJ
Retained earnings KK
Retained earnings appropriated for expansion KK
Sales 10
Realized income from sale of equipmnent unde contract 10
Income for rent 10
Cost of sales 20
RO Depreciation 20-2
RO Travel and transportation 20-2
RO Representation 20-2
RO Reapirs and maintenance 20-2
RO Gas and oil 20-2
RO Rent, light and water 20-2
RO Security fees 20-2
RO Miscellaneous 20-2
AE Salaries 40
AE Advertising 40
AE Gas and oil 40
AE Professional fees 40
AE Representation 40
AE Rent, light and water 40
AE Transportation and travel 40
AE Amortization of preoperating expense 40
AE Postage, telephone and telegram 40
AE Repairs and maintenance 40
AE Depreciation 40
AE Taxes and licenses 40
AE Bank charges 40
AE Supplies 40
AE Miscellaneous 40
FC Interet income 80
FC Interest expense 80
FC Miscellaneous 80
Provision for income tax WPL
Err:522
WORKING BALANCE SHEET
Err:522 Net Prior Years'
Per Books Adjustments As Adjusted Balances
Ref W.P. This Year Add (Deduct) 2021
ASSETS
CURRENT ASSETS
Cash A - - - 126,472.00
Accounts receivables - -
Trade B - 2,047,654.00
Others C - 15,000.00
Inventories (Note 6) D - 114,765.00
Total Current Assets - - - 2,303,891.00
NON-CURRENT ASSETS
Investment property F-2 -
Property and equipment - net 6) G - 2,647,148.00
Preoperating expenses - 43,612.00
Refundable Deposit - 37,000.00
- - - 2,727,760.00
- - - 5,031,651.00
CURRENT LIABILITIES
Accounts payable trade and accrued expenses AA - 184,141.00
Advances from stockholders BB - 300,000.00
Income taxes EE - 288,235.00
Total Current Liabilities - - - 772,376.00
NON-CURRENT LIABILITIES
Loans payable -
Lease liability -
Deferred income GG - 52,992.00
- - - 52,992.00
STOCKHOLDERS' EQUITY 11)
Capital stock JJ - - 3,000,000.00
Retained earnings - - - 1,206,283.00
- - - 4,206,283.00
- - - 5,031,651.00
104,576.00
1,724,652.00
20,000.00
89,314.00
1,938,542.00
2,048,732.00
72,686.00
18,000.00
2,139,418.00
4,077,960.00
151,910.00
-
252,279.00
404,189.00
31,354.00
31,354.00
3,000,000.00
642,417.00
3,642,417.00
4,077,960.00
-
Err:522
WORKING PROFIT AND LOSS
Err:522 Net
Per Books Adjustments As Adjusted
Ref W.P. This Year Add (Deduct)
REVENUES
Income from sales 10.00 - -
Realized incoem from sale of equipment under contract - -
Income from rental operation - -
Total Revenue - - -
COST
Cost of sales (Note 13) - -
Expenses from rental operation -
Administrative expenses -
Total Cost and expenses - - -
NET INCOME - - -
1,170,000.00 684,949.00
680,376.00 299,620.00
513,471.00 409,229.00
2,363,847.00 1,393,798.00
877,588.00 762,016.00
10,567.00 8,242.00
(8,342.00) (7,625.00)
(27,712.00) (13,265.00)
(25,487.00) (12,648.00)
288,235.00 252,279.00
WCS/WCF
Err:522
WORKING CHANGES IN EQUITY
Err:522 Net Prior Years' Prior Years'
Per Books Adjustments As Adjusted Balances Balances
Ref W.P. This Year Add (Deduct) 2021 Prior Year
Subscribed:
Balance at beginning of year - - -
Fully paid subscription - -
Subscriptions during the year - -
Balance at end of year - - - - -
- - - - -
RETAINED EARNINGS
Unappropriated
Balance at beginning of year - 242,417.00 145,328.00
Net income during the year WPL - 563,866.00 497,089.00
Appropriated for working capital - - (400,000.00)
Balance at end of year - - - 806,283.00 242,417.00
Approriated
Balance at beginning of year KK-1 - 400,000.00 -
Appropriated for working capital - - 400,000.00
Balance at end of year - - - 400,000.00 400,000.00
- - - 1,206,283.00 642,417.00
- - - 4,206,283.00 3,642,417.00
WBS WBS
See accompanying Notes to Financial Statements
PROPOSED AJE
unlocateed difference #REF!
a/p #REF!
Err:522
WORKING CASH FLOW
Err:522 Prior Years'
As Adjusted Balances
Ref W.P. 2021
749,368.00
105,879.00
-
855,247.00
195,749.00
15,478.00
(159,510.00)
-
906,964.00
(205,329.00)
701,635.00
604,672.00
7,000.00
611,672.00
89,963.00
14,613.00
104,576.00
-
Err:522
CASH AND CASH ITEMS
Err:522 Net Prior Years' Prior Years'
Per Books Adjustments As Adjusted Balances Balances
Ref W.P. MM/DD/YY Add (Deduct) 2021 MM/DD/YY