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    Sample Fs

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    Locel Maquiran Lamoste
    The document contains financial statements for Reynaldo Santos Granada as of February 2020 and 2019, and for Michael Jericho Reyes Sucaldito for the years ended December 31, 2018 and 2017. Granada's statement of financial position shows his assets consisting of cash and property, and liabilities of accounts payable. Sucaldito's statement of financial performance shows his revenues from commissions and trucking, expenses, and net income before tax. His statement of changes in equity shows beginning capital, additions of net income and capital, and drawings, to calculate ending capital.

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    Sample Fs

    Uploaded by

    Locel Maquiran Lamoste
    39 views3 pages
    The document contains financial statements for Reynaldo Santos Granada as of February 2020 and 2019, and for Michael Jericho Reyes Sucaldito for the years ended December 31, 2018 and 2017. Granada's statement of financial position shows his assets consisting of cash and property, and liabilities of accounts payable. Sucaldito's statement of financial performance shows his revenues from commissions and trucking, expenses, and net income before tax. His statement of changes in equity shows beginning capital, additions of net income and capital, and drawings, to calculate ending capital.

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    The document contains financial statements for Reynaldo Santos Granada as of February 2020 and 2019, and for Michael Jericho Reyes Sucaldito for the years ended December 31, 2018 and 2017. Granada's statement of financial position shows his assets consisting of cash and property, and liabilities of accounts payable. Sucaldito's statement of financial performance shows his revenues from commissions and trucking, expenses, and net income before tax. His statement of changes in equity shows beginning capital, additions of net income and capital, and drawings, to calculate ending capital.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    39 views3 pages

    Sample Fs

    Uploaded by

    Locel Maquiran Lamoste
    The document contains financial statements for Reynaldo Santos Granada as of February 2020 and 2019, and for Michael Jericho Reyes Sucaldito for the years ended December 31, 2018 and 2017. Granada's statement of financial position shows his assets consisting of cash and property, and liabilities of accounts payable. Sucaldito's statement of financial performance shows his revenues from commissions and trucking, expenses, and net income before tax. His statement of changes in equity shows beginning capital, additions of net income and capital, and drawings, to calculate ending capital.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 3

    REYNALDO SANTOS GRANADA

    Purok Caimito, Brgy. Darong Sta. Cruz Davao del Sur


    Sitio, Lipadas Brgy. Daliao Toril Davao City

    In House Statement of Financial Position


    As of February 05 2020 and 2019

    ASSETS: 2020 2019


    Current Assets
    Cash 348,060.02 154,170.02
    Total Current Assets 348,060.02 154,170.02

    Non-current Assets:
    Property and Equipment
    Land 4,500,000.00 4,500,000.00
    Isuzu elf Mini Dumptuck 650,000.00 650,000.00
    Suzuki Multicab ( dropside ) (3) 420,000.00 420,000.00
    Total Non-current Assets 5,570,000.00 5,570,000.00
    Less: Accumulated Depreciation
    Net Book Value 5,570,000.00 5,570,000.00

    TOTAL ASSETS 5,918,060.02 5,724,170.02

    LIABILITIES AND NETWORTH


    LIABILITIES
    Accounts Payable 30,000.00 -
    Loans Payable -
    Total Liabilities 30,000.00 -

    NETWORTH

    Capital, end - -

    TOTAL LIABILITIES AND NETWORTH 30,000.00 -

    5,888,060.02 5,724,170.02

    Certified True and Correct:


    REYNALDO SANTOS GRANADA
    MICHAEL JERICHO REYES SUCALDITO

    Delos Reyes St., Guihing, Hagonoy, Davao del Sur

    In House Statement of Financial Performance


    For the year ended December 31, 2018 and 2017

    REVENUES: 2018 2017


    Commission Income 780,000.00 624,000.00
    Trucking Income 2,835,015.75 1,826,320.00 2191584
    Total Revenues 3,615,015.75 2,450,320.00

    EXPENSES:
    Fuel and Oil 685,410.00 506,400.00
    Salaries and Wages/Allowances 286,520.00 252,000.00
    Repair and Maintenance 268,200.00 253,200.00
    Office Supplies 6,320.00 2,100.00
    Taxes and Licenses 93,415.47 62,391.60
    Depreciation 72,000.00 72,000.00
    Miscellaneous 3,150.00 2,410.00
    Total Expenses 1,415,015.47 1,150,501.60

    NET INCOME BEFORE TAX 2,200,000.28 1,299,818.40

    Certified True and Correct:


    MICHAEL JERICHO REYES SUCALDITO
    MICHAEL JERICHO REYES SUCALDITO

    Delos Reyes St., Guihing, Hagonoy, Davao del Sur

    In House Statement of Changes in Equity


    For the year ended December 31, 2018 and 2017

    2018 2017
    BEGINNING CAPITAL 5,299,818.40 4,000,000.00
    Add: Net Income 2,200,000.28 1,299,818.40
    Additional Capital
    Total 7,499,818.68 5,299,818.40
    Less: Drawings - 1,300,000.00
    ENDING CAPITAL 6,199,818.68 5,299,818.40

    Certified True and Correct:


    MICHAEL JERICHO REYES SUCALDITO

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