MUKBANG SERVICES

INCOME STATEMENT
FOR THE MONTH ENDED OCTOBER 31, 2020

REVENUES EARNED:

INCOME FROM SERVICES P1 9 4 1 9 0 0

LESS: OPERATING EXPENSES

PROMOTIONAL EXPENSE P 2 1 1 8 0 0
SALARIES EXPENSE 1 5 4 8 8 9
MISCELLANEOUS EXPENSE 3 6 1 8 8 5
BAD DEBTS EXPENSE 9 0 7 7 5

TOTAL OPERATING EXPENSES 8 1 9 3 4 9

NET INCOME P1 1 2 2 5 5 1
 MUKBANG SERVICES
STATEMENT OF OWNER'S EQUITY
AS OF OCTOBER 31, 2020

Foodie, Beginning Capital P3 0 1 4 1 3 0

Add: Net Income 1 1 2 2 5 5 1

Total P4 1 3 6 6 8 1

Less: Foodie, Personal 1 2 2 7 8 9 0

CLAUS, ENDING CAPITAL P2 9 0 8 7 9 1

 MUKBANG SERVICES
STATEMENT OF FINANCIAL POSITION
AS OF OCTOBER 31, 2020

ASSETS

Current Assets:

Cash P2 6 9 0 5 5 1
Accounts Receivable 6 8 9 4 4 1
Allowance for Bad Debts ( 6 3 9 1 0)
Notes Receivable 1 9 0 3 3 8
Office Supplies 6 8 3 9 0
Prepaid Rent 7 7 4 8 1 1

Total Current Assets P 4 3 4 9 6 2 1

Non- Current Assets

Land 8 1 3 8 0 0
Building P1 2 1 9 6 6 8
Accumulated Depreciation-Bldg ( 4 5 1 8 2 1)
Equipment 1 8 0 5 5 2
Accumulated Depreciatiion- Eq ( 2 1 7 3 1)

Total Non- Current Assets 1 7 4 0 4 6 8

TOTAL ASSETS P 6 0 9 0 0 8 9

LIABILITIES & OWNER'S EQUITY

Current Liabilities:

Accounts Payable P 4 1 0 6 6 9
 Notes Payable 7 5 1 5 2 1
SSS Payable 8 9 4 4 5
Interest Payable 2 5 6 8 9 4
Salaries Payable 4 5 0 8 8 5

Total Current Liabilities 1 9 5 9 4 1 4

Non- Current Liabilities

Bonds Payable 1 5 8 1 1 9
Mortgage Payable 7 3 1 8 6 5
Loans Payable 3 3 1 9 0 0

Total Non- Current Liabilities 1 2 2 1 8 8 4

Owner's Equity

Foodie, Capital 2 9 0 8 7 9 1

TOTAL LIABILITIES & OWNER'S EQUITY P 6 0 9 0 0 8 9