ALFRESCO MARKETING
STATEMENT OF FINANCIAL POSITION
JUNE 30, 2011
ASSETS
Current Assets:
Cash On Hand and In bank (Note 1)
Petty Cash Fund
Accounts Receivable (Note 2)
Merchandise Inventory (Note 3)
Prepaid Supplies
Total
Property, Plant & Equipment: (Note 4)
Other Assets: (Note 5)
P 30,332.51
94.65
28,965.00
71,800.00
250.00
P131,442.16
154,537.50
12,231.61
P298,211.27
LIABILITIES AND CAPITAL
Current Liabilities:
Accounts Payable (Note 6)
Notes Payable
Interest Payable
SS and EC Premiums Payable
Philhealth Premiums Payable
Pag-ibig Premiums Payable
Withholding Taxes Payable
Rent Payable
Utilities Payable
Total
Mariano Mabuhay, Capital
TOTAL LIABILITIES AND CAPITAL
Note 1:
Cash In Bank
Cash On Hand (undeposited collections)
Total Cash In Bank and On Hand
Note 2:
Accounts Receivable
International Supermarket
Pauline’s
Fair View
Vasquez Grocery
Note 4: Property, Plant & Equipment
Furniture & Equipment
Less Accumulated Depreciation
Delivery Equipment
Less Accumulated Depreciation
Total
Note 5:
Other Assets:
Deferred Tax
Deposit for Rent
Deposit for Utilities
Total
Note 6: Accounts Payable
Ever Bright
P 5,400
P36,900.00
15,120.00
151.20
5,582.00
1,325.00
1,000.00
2,703.90
10,000.00
1,500.00
P 74,282.10
223,929.17
P298,211.27
P 26,485.01
3,847.50
P 30,332.51
P 8,550.00
3,015.00
6,300.00
11,100.00
P 28,965.00
P70,000.00
1,462.50
P90,000.00
4,000.00
P 68,537.50
86,000.00
P154,537.50
P 231.61
10,000.00
2,000.00
P12,231.61
Nature’s Best
Wonder Care
11,700
19,800
P36,900
ALFRESCO MARKETING
STATEMENT OF FINANCIAL POSITION
For the Month Ended JUNE 30, 2011
Sales
Less Sales Discount
Net Sales
Cost of Sales:
Inventory Beg.
Purchases
Purchases returns
Purchase discounts
Inventory End
73,198.67
605.48
P72,593.19
P 57,790
P 64,285.72
(3,214.29)
(48.21)
61,023.22
(71,800.00)
47,013.22
P25,579.97
Gross Profit
Operating Expenses:
Depreciation
Gas and Oil
Medicare
Pag-ibig
Rent
Repairs
SS and EC
Salaries
Supplies
Utilities
Net Operating Loss
Bank Charges
Interest Expense
Net Loss
P 2,183.00
850.00
662.50
500.00
10,000.00
2,247.35
3,795.40
53,000.00
371.35
1,500.00
75,109.60
49,529.63
P700.00
151.20
851.20
P50,380.83
ALFRESCO MARKETING
STATEMENT OF OWNER’S EQUITY
For the Month Ended JUNE 30, 2011
Mabuhay, Capital June 1
Less Net Loss
Drawings
Mabuhay, Capital, June 30
P274,510.00
P50,380.83
200.00
50,580.83
P223,929.17