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NADIA BAJAR
MA. CELESTINE TAO-ON
DARWIN CAYABAN
The data which is used in the case study were given by the
owner of Abjamesola Tailoring Services. This includes the assets
(equipments purchased thru credit), the liabilities and the
capital of the business.
The purpose of this study is to state the financial
statement/income statement, balance sheet/statement of
financial position and changes in owners equity of business
name ABjamesola Tailoring Services.
This study also examines the cash outflow and inflow of the said
business. To record all the transaction that ABjamesola tailoring
and how the business gets their income per month and how they
get their capital when they start their business.
Liability
Capital
(Revenue)
Capital
(Expense)
Current Asset
Cash
83,642
Accounts Receivable
31,500
Non-current Assets
Equipment
28,000
Contra-Assets
Accounts Payable
7,870
Utilities Payable
2,400
Service Revenue
456,000
Supplies Expense
12,000
License Fee
13,723
Rent Expense
60,000
Salary Expense
96,000
Utility Expense
144,000
Tax Expense
3,000
Accumulated Depreciation
5,000
Allowance for Bad Debts
2,000