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V. Financial Plan Mas-Issneun Samgyeopsal Income Statement For The Period Ended December 2022 Sales | PDF | Expense | Equity (Finance)
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V. Financial Plan Mas-Issneun Samgyeopsal Income Statement For The Period Ended December 2022 Sales

The document contains financial statements for Mas-issneun Samgyeopsal for the period ended December 2022. The income statement shows net sales of ₱157,000, cost of goods sold of ₱85,000, operating expenses of ₱22,500, and net income of ₱49,500. The statement of equity shows beginning capital of ₱193,000, addition of profit of ₱49,500, and ending capital of ₱242,500. The balance sheet lists total assets of ₱283,500 including current assets of ₱95,000 and non-current assets of ₱188,500, total li

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Yuri Anne Masangkay
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209 views3 pages

V. Financial Plan Mas-Issneun Samgyeopsal Income Statement For The Period Ended December 2022 Sales

The document contains financial statements for Mas-issneun Samgyeopsal for the period ended December 2022. The income statement shows net sales of ₱157,000, cost of goods sold of ₱85,000, operating expenses of ₱22,500, and net income of ₱49,500. The statement of equity shows beginning capital of ₱193,000, addition of profit of ₱49,500, and ending capital of ₱242,500. The balance sheet lists total assets of ₱283,500 including current assets of ₱95,000 and non-current assets of ₱188,500, total li

Uploaded by

Yuri Anne Masangkay
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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V.

Financial Plan
MAS-ISSNEUN SAMGYEOPSAL
INCOME STATEMENT
FOR THE PERIOD ENDED DECEMBER 2022
Sales ₱175,000.00
Less: Sales Discount ₱15,000.00
Sales Return and Allowances ₱3,000.00
Net Sales ₱157,000.00
Less: Cost of Good Sold ₱85,000.00
Gross Profit ₱72,000.00
Less: Operating Expenses
Freight Out ₱5,500.00
Rent Expense ₱9,500.00
Utilities Expense ₱4,000.00
Miscellaneous Expense ₱3,500.00
Total Operating Expenses ₱22,500.00
Net Income ₱49,500.00

MAS-ISSNEUN SAMGYEOPSAL

STATEMENT OF EQUITY

FOR THE PERIOD ENDED DECEMBER 2022

Mas-issneun Samgyeopsal, ₱193,000.00


Capital – Beginning
Add: Profit ₱49,500.00

Mas-issneun Samgyeopsal, ₱242,500.00


Capital - Ended
MAS-ISSNEUN SAMGYEOPSAL
BALANCE SHEET
FOR THE PERIOD ENDED DECEMBER 2022
Assets
Current Assets
Cash ₱ 50,000.00
Account Receivable ₱ 20,000.00
Inventories ₱ 25,000.00
Total Current Assets ₱ 95,000.00
Non-Current Assets
Furniture and Equipment ₱ 68,500.00
Cash Register ₱ 120,000.00
Total Non-Current Assets ₱ 188,500.00
Total Assets ₱ 283,500.00

Liabilities and Equity


Liabilities
Current Liabilities
Accounts Payable ₱ 20,000.00
Notes Payable ₱ 15,500.00
Income Tax Payable ₱ 5,500.00
Total Liabilities ₱ 41,000.00
Owner’s Equity
Mas-issneun Samgyeopsal, Capital ₱ 242,500.00
Total Liabilities and Equity ₱ 283,500.00
Group 5

Participation
Tarcelo, Terry Joy Leader

Endaya, Reiner Joseph 10

Enraca, John Nerbert 10

Maglasang, Jeremiah 10

Diaz, Marius Dionell 10

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