Junior Philippine Institute of Accountants Cagayan State University Chapter Interim Income Statement June 2011- February 22,

2012

Revenue Membership fee (3) T-Shirts (4) 29760 31200 60960

Operating Expenses Membership fee (5) T-Shirts (6) 600 (43700) Gross Profit Other Income: Film Viewing SSGP net (7) Donation YEC Registration Fee Total Income Other Expenses: Miscellaneous Expenses College Day Expenses MidYear Convention Expenses Debate Seminar Expenses Outreach Activity Expenses(9) 2170 2185 11160 600 4912 3357 9850 31257 13997 540 250 17260 11620 31480

Tarpaulin Printing

EB Meeting Expenses

2924

23951

Net Income

7306

Junior Philippine Institute of Accountants Cagayan State University Chapter

Interim Statement of Cash Flows June 2011- February 22, 2012

Beginning Balance Cash Inflows T-Shirts (8) Membership fee SSGP-net (7) Film Viewing Subsidies Donation YEC Registration Fee Total Less: Cash Outflows Operating Expenses (5, 6) Miscellaneous Expenses College Day Expenses Debate Seminar Expenses MidYear Convention Expenses Outreach Activity Expenses(9) EB Meeting Expenses Tarpaulin Printing YEC Registration Fee Ending Cash Balance 600 5090 43100 2170 2185 600 9724 4912 2924 30420 21550 250 540 4400 3357 20525

1870

81042 82912

71305 11607

Junior Philippine Institute of Accountants Cagayan State University Chapter Interim Statement of Financial Position June 2011- February 22, 2012

ASSETS
Current Assets Cash on Hand Accounts Receivable-Members (1) Total Assets 11607 5685 17292

LIABILITIES AND EQUITY

Current Liabilities Accounts Payable(2) Total Liabilities Equity Total Liabilities and Equity 15856 17292 1436 1436

NOTES TO FINANCIAL STATEMENTS

Note 1 : Accounts Receivable-Members Membership Fee: P 155/Member Fifth Year: 1. Gines, Larry M.

Second Year B: 1. Licupa, Rio Angelo C. 2. Veracion, Fatima R. 3. Sibal, Mireille G. 4. Domingo, Fritzie Mae B. 5. Dayag, Ayessa Faye B. 6. Soriano, Jayvie T. 7. Oao, Kim Clariss P. 8. Rumias, Roselyn Joy B. 9. Uganiza, Karla Marie B. 10.Paguirigan, Rachell *Balance of those who paid in installment basis-770.00 Second Year C: 1. Dela Cruz, Luigi Boy A. 2. Figueras, Ronald A. 3. Leonud, Generalph L. 4. Malana, Jaynelou G. Second Year J: 1. Darin, Marjorie A. 2. Janolo, Kevin N. 3. Monilla, Ayrron P. 4. Oliveros, Josephine 5. Oao, Allen Joyce 6. Mabatan, Irene S.

Second Year L:

Bartolome, Mary Anne C. Second Year P: 1. Utit, Krischelle P. 2. Christine Joy J. 3. Umipig, Richelle Grace 4. Bias, Vangilin P. 5. Tuazon, Kenneth 6. Bataring, Precious T-shirts: 260 per order Fifth Year: 1. Annang, Laiza Marie V. 2. Gines, Larry M. 3. Liwanag, Ralph Donald **

*Direct Write-off method is used for recording bad debts. ** Balance- 210.00

Note 2: Accounts Payable The accounts payable is due to some of the participants of the Regional Mid Year convention. Note 3: Revenue- Membership Fee 2nd yr: 93 members 3rd yr: 45 members 4th yr: 32 members 5th yr: 22 members_ Total: 192 members

155 per member 29760

Note 4: Revenue- T-shirts Number of orders x Price 31200 Note 5: Operating Expenses- Membership Fee National and Regional Membership Fee- Deposit Bank Service Charge Total Note 6: Operating Expenses- T-shirts Cost of T-shirts Printing Total 31480 20510 10970 11620 11520 _100 120 260 per order

Note 7: Other Income- SSGP-net Income Expenses related (210) 250 Note 8: Cash Inflow- T-shirts Revenue from T-shirts Accounts Receivable-T-shirts Cash Collected 31200 (780)_ 30420 460

Note 9: Outreach Activity Expenses Transportation Food 3212 1000

Miscellaneous Expenses 4912

700

Prepared by:

Signed by:

LEIJOY CABANILLA VP-Finance

ALFREDO CARIAGA President

RHEA MARIE ADDATU VP- Audit

NEO L. AGLUGUB, CPA, MBA Adviser

Certified Correct:

EMERITA GERON, CPA, MBA College Dean

MARIDEN VENTURA CAUILAN, DPA Director, OSSW