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    SAMPLE Elderwand Business

    Uploaded by

    Sheinna Mae Von Calupig

    Copyright:

    © All Rights Reserved
    Download as PDF or read online from Scribd

    SAMPLE Elderwand Business

    Uploaded by

    Sheinna Mae Von Calupig
    15 views3 pages

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    © © All Rights Reserved

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    Copyright:

    © All Rights Reserved
    Download as PDF or read online from Scribd
    Download as pdf
    15 views3 pages

    SAMPLE Elderwand Business

    Uploaded by

    Sheinna Mae Von Calupig

    Copyright:

    © All Rights Reserved
    Download as PDF or read online from Scribd
    Download as pdf
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    Elder Wand INCOME STATEMENT. for the period ending 31st December 2016 Sales ‘500,000.00 Sales Returns & Allowances (35,000.00) Sales Discount (32,000.00) Net Sales 453,000.00] Cost of Goods Sold (285,600.00) Gross Income 267,400.00] Less: Operating Expenses: Marketing Expense 3,000.00 Utilities Expense 10,000.00 Supplies Expense 500.00 Salaries Expense 60,000.00] Rent Expense 12,000.00 Depreciation Expense 2,500.00) Insurance Expense 4,000.00) Subtotal (92,000.00) Operating Income 175,400.00] Other Revenues and Expenses: Rent Income 12,000.00 NET INCOME. 187,400.00] Elder Wand (BALANCE SHEET) 2016 2015 Assets CURRENT ASSETS Cash 353,100.00| 244,000.00] Accounts Receivable 50,000.00] 65,000.00] Supplies 8,500.00] 9,000.00] Prepaid Insurance 8,000.00] 412,000.00 Merchandise Inventory 25,000.00] 45,000.00 PROPERTY, PLANT, and EQUIPMENT. Equipment 15,000.00 15,000.00 Accumulated Depreciation - Equipment (6,000.00)| (2,500.00) Furnitures & Fixtures 10,000.00 40,000.00 TOTAL ASSETS 464,600.00| _367,500.00| Liabilities ‘CURRENT LIABILITIES ‘Accounts Payable 110,000.00] 195,000.00] LONG TERM LIABILITIES Loans Payable 45,000.00] 50,300.00 TOTAL LIABILITIES 155,000.00| 245,300.00 Owner's Equity ‘Antioch Peverell, Capital 309,600.00] 122,200.00] TOTAL OWNER'S EQUITY 309,600.00/ 122,200.00] [TOTAL LIABILITIES & OWNER'S EQUITY 464,600.00] _367,500.00| CASH FLOW STATEMENT Cash Flows from Operating Activities Cash Collections from Customers ‘480,000.00 Net Sales (Revenue) 453,000.00] Change in Accounts Receivable 15,000.00} Other Income 12,000.00} Cash Paid for Merchandise 280,600.00] Cost of Goods Sold 185,600.00] Change in Inventory 10,000.00} Change in Accounts Payable 85,000.00} Cash Paid for Operating Activities 85,000.00] Cash Paid for Interest 0.00 Cash Paid for Income Taxes 0.00 Dividends Received 0.00 (eines ered ee ee Cash paid for reduction of bonds or long term debts Cash paid for Equipment 0.00 Cash received on sale of Equipment 0.00 Cash paid for Investment 0.00 Cash received on sale of Investment 0.00 Pa en Kereta Lud eine ee -P5,300.00 [cash received on the issuance of bonds or long term debts [cash received on the issuance of shares [Cash paid for the redemption of shares [Cash paid for dividends [Cash paid/received on short term debts ens Grom

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