(UNITS) (PESOS) DAY 1 55 P11,000 DAY 2 70 P14,000 DAY 3 75 P15,000 DAY 4 80 P16,000 DAY 5 90 P18,000 TOTAL 360 P74,000
OPERATING BUDGET PROJECTION
DAY 1 DAY 2 DAY 3 DAY 4 DAY 5 RENT P70 P70 P70 P70 P70 EXPENSE UTILITIES P50 P50 P50 P50 P50 EXPENSE SALARIES P500 P500 P500 P500 P500 EXPENSE TOTAL P620 P620 P620 P620 P620 PROJECTED INCOME STATEMENT DAY 1 DAY 2 DAY 3 DAY 4 DAY 5 TOTAL SALES P1000 P1400 P1570 P1780 P2180 P7930 LESS: COST P200 P280 P314 P356 P436 P1586 OF GOODS SOLD 20% GROSS P800 P1120 P1256 P1424 P1744 P6344 MARGIN OPERATING EXPENSES RENT P70 P70 P70 P70 P70 P350 EXPENSES UTILITIES P50 P50 P50 P50 P50 P250 EXPENSES SALARIES P500 P500 P500 P500 P500 P2500 EXPENSES TOTAL P620 P620 P620 P620 P620 P620 OPERATING EXPENSE NET P180 P500 P636 P804 P1124 P5724 PROFIT/LOSS PIZZA CO. GENERAL JOURNAL PAGE 1 DATE DESCRIPTION PR DEBIT CREDIT 2017 NOV 20 CASH 101 P10000 PIZZA CO. CAPITAL 301 P10000 Invested cash in the business
21 SALARIES EXPENSE 502 P500
CASH 101 P500 Owner paid the employees
22 EQUIPMENT 104 P5000
CASH 101 P5000 Owner purchase equipment
23 FURNITURE 103 P500
ACCOUNTS PAYABLE 201 P500 Owner purchased furniture on account
24 ACCOUNTS PAYABLE 201 P500
CASH 101 P500 Owner paid the purchased furniture on account PIZZA CO. STATEMENT OF CASH FLOW FOR THE WEEK ENDED NOVEMBER 24, 2017 Cash flow from operations Net income P16,500 Adjustments for depreciation (P3,000) Net Cash Flow from Operations P13,500 Cash flow from Investing Cash receipts from sale of products P11,000 Cash paid for purchase of equipment (P5,000) Net Cash Flow from Investing P6,000 Cash Flow from Financing Proceeds from short-term borrowings P700 Repayment of short-term borrowings P740 Net Cash Flow from Financing P1,440 Net increased in Cash P20,940