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Financial Worksheet

The document provides a detailed financial overview of Jose Consulting, including cash flow, accounts receivable, assets, liabilities, and owner's equity for the period ending May 31, 2010. It highlights key financial metrics such as net income of ₱27,665.00 and ending capital of ₱61,965.00 after accounting for withdrawals. Additionally, it includes a statement of comprehensive income and changes in equity, summarizing the company's financial performance and position.

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Erica Chricel T. Esperas
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3 views

Financial Worksheet

The document provides a detailed financial overview of Jose Consulting, including cash flow, accounts receivable, assets, liabilities, and owner's equity for the period ending May 31, 2010. It highlights key financial metrics such as net income of ₱27,665.00 and ending capital of ₱61,965.00 after accounting for withdrawals. Additionally, it includes a statement of comprehensive income and changes in equity, summarizing the company's financial performance and position.

Uploaded by

Erica Chricel T. Esperas
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Cash Accounts receivable

DATE - -
1/4/2010 ₱ 13,100.00 ₱ 3,000.00
1/4/2010 -₱ 4,800.00
2/4/2010 -₱ 1,800.00
4/4/2010 ₱ 5,000.00
5/4/2010
6/4/2010 ₱ 1,800.00 -₱ 1,800.00
10/4/2010 -₱ 120.00
12/4/2010 -₱ 1,200.00
12/4/2010 ₱ 4,200.00
04/14/2010 -₱ 750.00
04/17/2010 ₱ 6,250.00
04/18/2010 -₱ 800.00
04/20/2010 ₱ 2,100.00
04/24/2010 ₱ 3,850.00
04/26/2010 ₱ 5,600.00 -₱ 5,600.00
04/27/2010 -₱ 750.00
04/29/2010 -₱ 130.00
04/30/2010 -₱ 200.00
04/30/2010 ₱ 3,050.00
04/30/2010 ₱ 1,500.00
04/30/2010 -₱ 6,000.00
₱ 22,100.00 ₱ 3,400.00
ADJUSTMENTS
04/30/2010
04/30/2010
04/30/2010
04/30/2010
04/30/2010
04/30/2010
₱ 22,100.00 ₱ 3,400.00
CLOSING ENTRIES
04/30/2010
04/30/2010
04/30/2010
04/30/2010
04/30/2010
04/30/2010
04/30/2010
04/30/2010
04/30/2010
₱ 22,100.00 ₱ 3,400.00
3/5/2010 ₱ 2,500.00
5/5/2010 ₱ 1,750.00 -₱ 1,750.00
9/5/2010 -₱ 300.00
05/13/2010 -₱ 400.00
05/15/2010 ₱ 6,100.00
05/16/2010 -₱ 750.00
05/17/2010 ₱ 8,200.00
05/20/2010
05/21/2010 ₱ 3,900.00
05/25/2010 ₱ 5,100.00
05/27/2010 ₱ 9,500.00 -₱ 9,500.00
05/28/2010 -₱ 750.00
05/30/2010 -₱ 120.00
05/30/2010 -₱ 290.00
05/30/2010 ₱ 3,875.00
05/30/2010 ₱ 3,200.00
05/31/2010 -₱ 8,000.00
₱ 42,415.00 ₱ 5,350.00
ADJUSTMENTS
05/31/2010
05/31/2010
05/31/2010
05/31/2010
05/31/2010
05/31/2010
₱ 42,415.00 ₱ 5,350.00
CLOSING ENTRIES
05/31/2010
05/31/2010
05/31/2010
05/31/2010
05/31/2010
05/31/2010
05/31/2010
05/31/2010
05/31/2010
₱ 42,415.00 ₱ 5,350.00
ASSETS
Supplies Prepaid rent Prepaid insurance Office Equipment
- - - -
₱ 1,400.00 ₱ 12,500.00
₱ 4,800.00

₱ 2,000.00
₱ 1,800.00

₱ 800.00

₱ 2,200.00 ₱ 4,800.00 ₱ 1,800.00 ₱ 14,500.00

-₱ 300.00
-₱ 850.00

-₱ 1,600.00

₱ 1,350.00 ₱ 3,200.00 ₱ 1,500.00 ₱ 14,500.00

₱ 1,350.00 ₱ 3,200.00 ₱ 1,500.00 ₱ 14,500.00


₱ 400.00

₱ 1,750.00 ₱ 3,200.00 ₱ 1,500.00 ₱ 14,500.00

-₱ 300.00
-₱ 1,150.00

-₱ 1,600.00

₱ 600.00 ₱ 1,600.00 ₱ 1,200.00 ₱ 14,500.00

₱ 600.00 ₱ 1,600.00 ₱ 1,200.00 ₱ 14,500.00


LIABILITIES
Accumulated dep. Accounts payable Salaries Payable
- - -

₱ 2,000.00

-₱ 1,200.00

₱ - ₱ 800.00

-₱ 330.00
₱ 120.00

-₱ 330.00 ₱ 800.00 ₱ 120.00

-₱ 330.00 ₱ 800.00 ₱ 120.00


-₱ 400.00

₱ 400.00

-₱ 330.00 ₱ 800.00 ₱ 120.00

-₱ 330.00
₱ 120.00

-₱ 660.00 ₱ 800.00 ₱ 240.00

-₱ 660.00 ₱ 800.00 ₱ 240.00


S
Unearned fees Jose Redoblado, capital
- -
₱ 30,000.00

₱ 5,000.00

₱ 5,000.00 ₱ 30,000.00

-₱ 2,500.00
₱ 2,500.00 ₱ 30,000.00

₱ 2,500.00 ₱ 30,000.00
₱ 2,500.00
₱ 5,000.00 ₱ 30,000.00

-₱ 3,000.00
₱ 2,000.00 ₱ 30,000.00

₱ 2,000.00 ₱ 30,000.00
Jose Redoblado, drawing Income summary
- -

₱ 6,000.00
₱ 6,000.00 ₱ -

₱ 6,000.00 ₱ -

₱ 23,450.00
-₱ 1,620.00
-₱ 1,600.00
-₱ 850.00
-₱ 330.00
-₱ 300.00
-₱ 450.00
₱ 18,300.00
-₱ 6,000.00
₱ - -
₱ 8,000.00
₱ 8,000.00 ₱ -

₱ 8,000.00 ₱ -

₱ 33,375.00
-₱ 1,620.00
-₱ 1,600.00
-₱ 1,150.00
-₱ 330.00
-₱ 300.00
-₱ 710.00
₱ 27,665.00
-₱ 8,000.00
₱ -
OWNER'S EQUITY
Accumulated profit Fees earned Salaries expense
- - -

₱ 4,200.00
-₱ 750.00
₱ 6,250.00

₱ 2,100.00
₱ 3,850.00

-₱ 750.00

₱ 3,050.00
₱ 1,500.00

₱ 20,950.00 -₱ 1,500.00

-₱ 120.00

₱ 2,500.00
₱ - ₱ 23,450.00 -₱ 1,620.00

-₱ 23,450.00
₱ 1,620.00

₱ 18,300.00
-₱ 6,000.00
₱ 12,300.00 ₱ - ₱ -
₱ 6,100.00
-₱ 750.00
₱ 8,200.00

₱ 3,900.00
₱ 5,100.00

-₱ 750.00

₱ 3,875.00
₱ 3,200.00

₱ 12,300.00 ₱ 30,375.00 -₱ 1,500.00

-₱ 120.00

₱ 3,000.00
₱ 12,300.00 ₱ 33,375.00 -₱ 1,620.00

-₱ 33,375.00
₱ 1,620.00

₱ 27,665.00
-₱ 8,000.00
₱ 31,965.00 ₱ - ₱ -
UITY
Rent expense Supplies expense Depreciation expense
- - -

₱ - ₱ - ₱ -

-₱ 850.00

-₱ 330.00
-₱ 1,600.00

-₱ 1,600.00 -₱ 850.00 -₱ 330.00

₱ 1,600.00
₱ 850.00
₱ 330.00

₱ - ₱ - ₱ -
₱ - ₱ - ₱ -

-₱ 1,150.00
-₱ 330.00

-₱ 1,600.00

-₱ 1,600.00 -₱ 1,150.00 -₱ 330.00

₱ 1,600.00
₱ 1,150.00
₱ 330.00

₱ - ₱ - ₱ -
Insurance expense Miscellaneous Expense
- -

-₱ 120.00

-₱ 130.00
-₱ 200.00

₱ - -₱ 450.00

-₱ 300.00

-₱ 300.00 -₱ 450.00

₱ 300.00
₱ 450.00

₱ - ₱ -
-₱ 300.00

-₱ 120.00
-₱ 290.00

₱ - -₱ 710.00

-₱ 300.00

-₱ 300.00 -₱ 710.00

₱ 300.00
₱ 710.00

₱ - ₱ -
Statement of comprehensive income
Fot the period ended April-May 2010
MAY, 2010
Fees earned ₱ 33,375.00
Cost of service -
Gross profit ₱ 33,375.00
Less: Operating Expense
Salaries expense ₱ 1,620.00
Rent expense ₱ 1,600.00
Supplies expense ₱ 1,150.00
Depreciation Expense ₱ 330.00
Insurance Expense ₱ 300.00
Miscellaneous Expense ₱ 710.00 ₱ 5,710.00
NET INCOME ₱ 27,665.00
e income
May 2010
APRIL, 2010
₱ 23,450.00
-
₱ 23,450.00

₱ 1,620.00
₱ 1,600.00
₱ 850.00
₱ 330.00
₱ 300.00
₱ 450.00 ₱ 5,150.00
₱ 18,300.00
Jose consulting
Statement in changes in Equity
for the period ended April-May 2010
MAY, 2010
Jose Redoblado, capital BEG. ₱ 42,300.00
add: Initial investment ₱ -
Net income ₱ 27,665.00
Subtotal ₱ 69,965.00
Less: Jose Redoblado, withdrawal ₱ 8,000.00
Jose Redoblado, capital END ₱ 61,965.00
sulting
anges in Equity
d April-May 2010
APRIL, 2010
₱ -
₱ 30,000.00
₱ 18,300.00
₱ 48,300.00
₱ 6,000.00
₱ 42,300.00
Jose Consulting
Statement of Financial Position
As of May 31, 2010
ASSETS
Current Assets
Cash ₱ 42,415.00
Accounts receivable ₱ 5,350.00
Supplies ₱ 600.00
Prepaid rent ₱ 1,600.00
Prepaid insurance ₱ 1,200.00
Total current asset
Non-current asset
Office equipment ₱ 14,500.00
Less: Accumulated Dep. -₱ 660.00
Total non-current asset
TOTAL ASSETS
LIABILITIES
Current Liabilities
Accounts Payable-Equipment ₱ 400.00
Accounts Payable-Supplies ₱ 400.00
Salaries payable ₱ 240.00
Unearned Fees ₱ 2,000.00
OWNER'S EQUITY TOTAL LIABILITIES

Jose Redoblado, capital ₱ 30,000.00


Add: Accumulated profit ₱ 31,965.00
TOTAL OWNER'S EQUITY

TOTAL LIABILITIES AND EQUITY


Jose Consulting
Statement of Financial Position
As of April 30, 2010
ASSETS
Current assets
Cash
Accounts receivable
Supplies
Prepaid rent
Prepaid insurance
₱ 51,165.00 Total current assets
Non-current assets
Office equipment
Less: Accumulated Dep.
₱ 13,840.00 Total non- current assets
₱ 65,005.00 TOTAL ASSETS
LIABILITIES
Current liabilities
Accounts Payable-Equipment
Accounts Payable-Supplies
Salaries payable
Unearned Fees
₱ 3,040.00 TOTAL LIABILITIES
OWNER'S EQUITY
Jose Redoblado, capital
Add: Accumulated profit
₱ 61,965.00 TOTAL OWNER'S EQUITY

₱ 65,005.00 TOTAL LIABILITIES AND EQUITY


ulting
cial Position
0, 2010

₱ 22,100.00
₱ 3,400.00
₱ 1,350.00
₱ 3,200.00
₱ 1,500.00
₱ 31,550.00

₱ 14,500.00
-₱ 330.00
₱ 14,170.00
₱ 45,720.00

₱ 800.00
-
₱ 120.00
₱ 2,500.00
₱ 3,420.00

₱ 30,000.00
₱ 12,300.00
₱ 42,300.00

₱ 45,720.00
JOSE CONSULTING
Statement of Cash flows
For the Month ended May 2010
Cash flow for Operating Activities
Collection from clients ₱ 30,925.00
Payment for salaries -₱ 1,500.00
Payment for supplies -
Payment for rent -
Payment for Insurance -
Payment for Miscellaneous -₱ 710.00
Cash provided by operating activities ₱ 28,715.00

Cash Flow for Investing activities


Payment for acquisition of office equipment -₱ 400.00
Cash used in Investing activities -₱ 400.00

Cash flow for Financing activities


Owner's investment -
Owner's withdrawal -₱ 8,000.00
Cash provided by financing activities -₱ 8,000.00

NET CASH CHANGE ₱ 20,315.00


ADD: BEGINNING CASH BLANCE ₱ 22,100.00
END CASH BALANCE ₱ 42,415.00
JOSE CONSULTING
Statement of Cash flows
For the Month ended April 2010
Cash flow for Operating Activities
Collection from clients ₱ 22,550.00
Payment for salaries -₱ 1,500.00
Payment for supplies -₱ 800.00
Payment for rent -₱ 4,800.00
Payment for Insurance -₱ 1,800.00
Payment for Miscellaneous -₱ 450.00
Cash provided by operating activities ₱ 13,200.00

Cash Flow for Investing activities


Payment for acquisition of office equipment -₱ 1,200.00
Cash used in Investing activities -₱ 1,200.00

Cash flow for Financing activities


Owner's investment ₱ 16,100.00
Owner's withdrawal -₱ 6,000.00
Cash provided by financing activities ₱ 10,100.00

NET CASH CHANGE ₱ 22,100.00


ADD: BEGINNING CASH BLANCE ₱ -
END CASH BALANCE ₱ 22,100.00

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