Population

Ages 2022 2023 2024

15 – 20 yrs old 1,171,644 1,333,097 1,516,797
21 – 25 yrs old 1,224,621 1,393,374 1,585,381
26 – 30 yrs old 1,198,765 1,363,955 1,551,908
31 – 35 yrs old 1,143,007 1,300,513 1,479,724
36 – 40 yrs old 1,086,178 1,235,853 1,406,154
41 – 45 yrs old 1,000,117 1,137,933 1,294,740
Total 6,824,332 7,764,725 8,834,704

Year Population Using pencil Not satisfied

15 - 45 yrs old 92.30% 26.20%
2022 6,824,332 6,298,858 1,650,301
2023 7,764,725 7,166,841 1,877,712
2024 8,834,704 8,154,432 2,136,461

Trimmed Population 2022

Per piece 136,806
Percentage Population Total per month
Weekly 22.19% 30,357 91,072
Monthly 34.41% 47,075 47,075
Quarterly 19.95% 27,293 9,098
Semi Annually 23.45% 32,081 5,347
Monthly Demand 100.00% 152,591
No. of Months 12
Total Annual Demand 1,831,090
.
Trimmed Population 2022
Per pack (3 pieces) 267,509
Percentage Population Total per month
Weekly 3.00% 8,025 24,076
Monthly 16.70% 44,674 44,674
Quarterly 37.66% 100,744 33,581
Semi Annually 42.64% 114,066 19,011
Monthly Demand 100.00% 121,342
No. of Months 12
Total Annual Demand 1,456,103

Trimmed Population 2022

Per box (12 pieces) 103,749
Percentage Population Total per month
Weekly 3.24% 3,361 10,084
Monthly 5.24% 5,436 5,436
Quarterly 19.45% 20,179 6,726
Semi Annually 72.07% 74,772 12,462
Monthly Demand 100.00% 34,709
No. of Months 12
Total Annual Demand 416,509

The start of the opeartion of the business will be on January 1 2022

Disposable Willing to buy Per Piece Per Pack (3pcs) Per Box (12pcs)
35.30% 87.30% 26.90% 52.60% 20.40%
582,556 508,572 136,806 267,509 103,749
662,832 578,653 155,658 304,371 118,045
754,171 658,391 177,107 346,314 134,312

2023 2024
155,658 177,107
Population Total per month Population Total per month
34,540 103,621 39,300 117,900
53,562 53,562 60,943 60,943
31,054 10,351 35,333 11,778
36,502 6,084 41,532 6,922
173,618 197,542
12 12
2,083,415 2,370,509

2023 2024
304,371 346,314
Population Total Per month Population Total per month
9,131 27,393 10,389 31,168
50,830 50,830 57,834 57,834
114,626 38,209 130,422 43,474
129,784 21,631 147,668 24,611
 138,063 157,088
12 12
1,656,754 1,885,055

2023 2024
118,045 134,312
Population Total Per month Population Total per month
3,825 11,474 4,352 13,055
6,186 6,186 7,038 7,038
22,960 7,653 26,124 8,708
85,075 14,179 96,799 16,133
39,492 44,934
12 12
473,904 539,208
 Per Piece Market Penetration Annual Demand Projected Sales
2022 5% 1,831,090 91,555
2023 5% 2,083,415 104,171
2024 5% 2,370,509 118,525

Per pack (3 pcs) Market Penetration Annual Demand Projected Sales

2022 5% 1,456,103 72,805
2023 5% 1,656,754 82,838
2024 5% 1,885,055 94,253
Per box (12 pcs) Market Penetration Annual Demand Projected Sales
2022 5% 416,509 20,825
2023 5% 473,904 23,695
2024 5% 539,208 26,960
NOTE 1 PROPERTY PLANT AND EQUIPMENT
2022 Total cost Depreciable Amount
Paper Cutter 3,400 3,400
Automatic Pencil Rod and Geletanizing Machines 50,000 50,000
Pencil abrading 75,000 75,000
Drying Machine 32,500 32,500
Water Tank 22,000 22,000
Shrink Molding Machine 30,000 30,000
Hand Truck 4,600 4,600
Storage Rack 7,136 7,136
CCTV - Factory 22,048 22,048
Large Portable Floor Plan 195,000 195,000
Printer 8,100 8100
Air conditioner 59,980 59980
Projector 12,000 12000
Desktop 50,000 50000
Telephone 210,000 210000
Router 8,268 8268
Photocopy Machine 68,000 68000
Fax Machine 5,950 5950
Total 863,982

2023 Total cost Depreciable Amount

Paper Cutter 3,400 3,400
Automatic Pencil Rod and Geletanizing Machines 50,000 50,000
Pencil abrading 75,000 75,000
Drying Machine 32,500 32,500
Water Tank 22,000 22,000
Shrink Molding Machine 30,000 30,000
Hand Truck 4,600 4,600
Storage Rack 7,136 7,136
CCTV 22,048 22,048
Large Portable Floor Plan 195,000 195,000
Printer 8,100 8100
Air conditioner 59,980 59980
Projector 12,000 12000
Desktop 50,000 50000
Telephone 210,000 210000
Router 8,268 8268
Photocopy Machine 68,000 68000
Fax Machine 5,950 5950
Total 863,982
 2024
PPE Total cost Depreciable Amount
Paper Cutter 3,400 3,400
Automatic Pencil Rod and Geletanizing Machines 50,000 50,000
Pencil abrading 75,000 75,000
Drying Machine 32,500 32,500
Water Tank 22,000 22,000
Shrink Molding Machine 30,000 30,000
Hand Truck 4,600 4,600
Storage Rack 7,136 7,136
CCTV 22,048 22,048
Large Portable Floor Plan 195,000 195,000
Printer 8,100 8,100
Air conditioner 59,980 59,980
Projector 12,000 12,000
Desktop 50,000 50,000
Telephone 210,000 210,000
Router 8,268 8,268
Photocopy Machine 68,000 68,000
Fax Machine 5,950 5,950
Total 863,982

NOTE 2 FURNITURE AND FIXTURES

2022 Total Cost Depreciable Amount
Office chair 11,052.00 11,052.00
Executive Office Chair 11,970.00 11,970.00
Executive office desk 15,000.00 15,000.00
8 seaters work station 15,000.00 15,000.00
Reception Sofa 5,000.00 5,000.00
Conference Table 10,000.00 10,000.00
Conference Chair 11,880.00 11,880.00
Filing Cabinet 13,980.00 13,980.00
Total 93,882.00

2023 Total Cost Depreciable Amount

Office chair 11,052.00 11,052.00
Executive Office Chair 11,970.00 11,970.00
Executive office desk 15,000.00 15,000.00
8 seaters work station 15,000.00 15,000.00
Reception Sofa 5,000.00 5,000.00
Conference Table 10,000.00 10,000.00
Conference Chair 11,880.00 11,880.00
Filing Cabinet 13,980.00 13,980.00
Total 93,882.00
 2023 Total Cost Depreciable Amount
Office chair 11,052.00 11,052.00
Executive Office Chair 11,970.00 11,970.00
Executive office desk 15,000.00 15,000.00
8 seaters work station 15,000.00 15,000.00
Reception Sofa 5,000.00 5,000.00
Conference Table 10,000.00 10,000.00
Conference Chair 11,880.00 11,880.00
Filing Cabinet 13,980.00 13,980.00
Total 93,882.00

NOTE 3 SUPPLIES

OFFICE Item Unit Cost Quantity

Ballpen 135 3
Bond paper 179 30
Calculator 268 268
Stapler 130 9
Puncher 128 9
Tape Dispenser 76 15
Tape 36 15
Staple wire 17 20
Scissors 37 10
Folders 4 100
Paper Clips 41 6
Annual Purchases

FACTORY Item Unit cost Quantity

Gloves 9 84
Dusk Mask 15 300
Light bulbs 145 20
Safety Glasses 50 28
Rags 10 50
Uniform 80 14
Annual Purchases

OFFICE SUPPLIES EXPENSE

2022 2023
Beg Bal - 16,595
Purchases 82,975 94,409
Desired End, Balance 16,595.0 18,882
Expenses 66,380.0 92,122
 *Desired end balance is 20% of purchases each year
**Purchases each year grow 13.78% compounded annually
which is the expected annual grow of demand for stationery industry
according to [Link]

FACTORY SUPPLIES EXPENSE

2022 2023
Beg Bal 2,235
Purchases 11,176 12,716
Desired End, Balance 2,235.2 2,543
Expenses 8,940.8 12,408

*Desired end Balance is 20% of purchases each year

**Purchases each year grow 13.78% compounded annually
which is the expected annual grow of demand for stationery industry
according to [Link]

NOTE 4 TRADEMARK

2022
Trademark 8,850.00
Accumulated Amortization and Impairment Losses 0.00
Total Intangible Assets 8,850.00
**It is expected that the tradework will not be impaired for the next 5 years

BASIS FOR THE AMOUNT OF TRADEMARK Cost

Filing Fees 1,200.00
Claim of color 280.00 **The basis for the cost of the trade
Publication 900.00 paid by the small business entity or s
Issuance of certiificate of registration 570.00
Declaration of Actual Use
2nd publication of registration 900.00
Cost and design of trademark 5,000.00
Total 8,850.00

ACCOUNTS RECEIVABLES

Accounts Receivable, Beginning

2022 Sales on Account

2023 Sales on Account
2024 Sales on Account
Total Cash Collections
 Accounts Receivable, Ending
Less: Allowance for Doubtful Accounts
Accounts Receivable, Net

ALLOWANCE FOR DOUBTFUL ACCOUNTS

Beginning Balance
Allowance for doubtful accounts
Total

ACCOUNTS PAYABLE

AP
AP BEG

Purchases 2022
Purchases 2023
Purchases 2024
Disbursement

AP beg
Purchases
Cash disbursement
Ap End

Checking
***It is expected that the AP is paid every beginning of the month
thus the purchases on the month of december will accrue and will be paid on january the following year
Thus, we opted to use 11/12 as our basis for computing the total disbursements from january until novem
Making our ending AP equals to 1/12 of total purchases during the year
Expected Useful Life Yearly Depreciation Accumulated Carrying Amount
10 340 340 3,060
10 5,000 5,000 45,000
10 7,500 7,500 67,500
13 2,500 2,500 30,000
5 4,400 4,400 17,600
10 3,000 3,000 27,000
5 920 920 3,680
5 1,427 1,427 5,709
5 4,410 4,410 17,638
5 39,000 39,000 156,000
5 1620 1,620 6,480
8 7497.5 7,498 52,483
6 2000 2,000 10,000
8 6250 6,250 43,750
5 42000 42,000 168,000
5 1653.6 1,654 6,614
10 6800 6,800 61,200
5 1190 1,190 4,760
137,508 137,508 726,474
726,474

Expected Useful Life Yearly Depreciation Accumulated Carrying Amount

10 340 680 2,720
10 5,000 10,000 40,000
10 7,500 15,000 60,000
13 2,500 5,000 27,500
5 4,400 8,800 13,200
10 3,000 6,000 24,000
5 920 1,840 2,760
5 1,427 2,854 4,282
5 4,410 8,819 13,229
5 39,000 78,000 117,000
5 1620 3,240 4,860
8 7497.5 14,995 44,985
6 2000 4,000 8,000
8 6250 12,500 37,500
5 42000 84,000 126,000
5 1653.6 3,307 4,961
10 6800 13,600 54,400
5 1190 2,380 3,570
137,508 275,016 588,966
588,966
 Expected Useful Life Yearly Depreciation Accumulated Carrying Amount
10 340 1,020 2,380
10 5,000 15,000 35,000
10 7,500 22,500 52,500
13 2,500 7,500 25,000
5 4,400 13,200 8,800
10 3,000 9,000 21,000
5 920 2,760 1,840
5 1,427 4,282 2,854
5 4,410 13,229 8,819
5 39,000 117,000 78,000
5 1620 4,860 3,240
8 7497.5 22,493 37,488
6 2000 6,000 6,000
8 6250 18,750 31,250
5 42000 126,000 84,000
5 1653.6 4,961 3,307
10 6800 20,400 47,600
5 1190 3,570 2,380
137,508 412,524 451,458
451,458

Expected Useful Life Yearly Depreciation Accumulated Carrying Amount

5 2,210.40 2,210.40 8,841.60
5 2,394.00 2,394.00 9,576.00
5 3,000.00 3,000.00 12,000.00
5 3,000.00 3,000.00 12,000.00
5 1,000.00 1,000.00 4,000.00
5 2,000.00 2,000.00 8,000.00
5 2,376.00 2,376.00 9,504.00
5 2,796.00 2,796.00 11,184.00
18,776.40 18,776.40 75,105.60
75,105.60
Expected Useful Life Yearly Depreciation Accumulated Carrying Amount
5 2,210.40 4,420.80 6,631.20
5 2,394.00 4,788.00 7,182.00
5 3,000.00 6,000.00 9,000.00
5 3,000.00 6,000.00 9,000.00
5 1,000.00 2,000.00 3,000.00
5 2,000.00 4,000.00 6,000.00
5 2,376.00 4,752.00 7,128.00
5 2,796.00 5,592.00 8,388.00
18,776.40 37,552.80 56,329.20
56,329.20
Expected Useful Life Yearly Depreciation Accumulated Carrying Amount
5 2,210.40 6,631.20 4,420.80
5 2,394.00 7,182.00 4,788.00
5 3,000.00 9,000.00 6,000.00
5 3,000.00 9,000.00 6,000.00
5 1,000.00 3,000.00 2,000.00
5 2,000.00 6,000.00 4,000.00
5 2,376.00 7,128.00 4,752.00
5 2,796.00 8,388.00 5,592.00
18,776.40 56,329.20 37,552.80

Total Cost
405
5,370
71,824
1,170
1,152
1,140
540
340
370
418
246
82,975

Total Cost
756
4,500
2900
1,400
500
1,120
11,176

2024
18,882
96,297
19,259
95,919
 2024
2,543
12,970
2,594
12,920

2023 2024
8,850.00 8,850.00
0.00 0.00
8,850.00 8,850.00

for the cost of the trademark is the average cost being

mall business entity or start up in filing

2022 2023 2024

- 245,461.03 292,621.39

818,203.43 572,742.40 245,461.03

975,404.62 682,783.23 292,621.39
1,007,832.92 705,483.04
572,742.40 928,244.26 998,104.43
 245,461.03 292,621.39 302,349.87
40,910.17 89,680.40 140,072.05
204,550.86 202,940.98 162,277.83

2022 2023 2024

- 40,910.17 89,680.40
40,910.17 48,770.23 50,391.65
40,910.17 89,680.40 140,072.05

2022 2023 2024

940,191.27 861,841.99 78,349.27

756,359.47 693,329.51 63,029.96
886,702.46 812,810.59
861,841.99 771,678.78 875,840.55

78,349.27 63,029.96
940,191.27 756,359.47 886,702.46
861,841.99 771,678.78 875,840.55
78,349.27 63,029.96 73,891.87

78,349.27 63,029.96 73,891.87

uary the following year

rom january until november purchases
PPE 863,982
CASH

DEP -att. FOH 68,497

DEP- att, S&A 69,011
ACCUM DEP

DEP - att. FOH 68,497

DEP - att. S&A 69,011
ACCUM DEP

DEP - att. FOH 68,497

DEP - att. S&A 69,011
ACCUM DEP
SUMMARY OF JOURNAL ENTRIES FF DR
2022 Furnitures and Fixtures 93,882.00
CASH

DEP EXP-S&A 18,776.40

Accumulated Depreciation

2023
DEP EXP-S&A 18,776.40
Accumulated Depreciation

2024
DEP EXP-S&A 18,776.40
Accumulated Depreciation

150,211.20
SUMMARY OF JOURNAL ENTRIES SUPPLIES

2022 Office Supplies 82,975.00

Factory 11,176.00
Cash

Office suplies expense 66,380.00

Factory Supplies Expense 8,940.80
Office supplies
Factory Supplies

2023 Office Supplies 94,408.96

Factory 12,716.05
Cash

Office suplies expense 92,122.16

Factory Supplies Expense 12,408.04
Office supplies
Factory Supplies

2024 Office Supplies 96,297.13

Factory 12,970.37
Cash

Office suplies expense 95,919.50

Factory Supplies Expense 12,919.51
Office supplies
Factory Supplies

599,233.53
SUMMARY OF JOURNAL ENTRIES TRADEMARK DR
2022 Trademark 8,850.00
CASH

2022 AR
Cash

Cash

2025
302,349.87 BDE

302,349.87 2023 AR
302,349.87 CASH
 CASH

BDE

2024 AR
CASH

CASH

BDE

ENTRIES
2022 AP 861,841.99
CASH

2023
AP 771,678.78
CASH

2024 AP 875,840.55

CASH
863,982

137,508

137,508

137,508
CR

93,882.00

18,776.40

18,776.40

18,776.40

150,211.20
 94,151.00

66,380.00
8,940.80

107,125.01

92,122.16
12,408.04

109,267.51

95,919.50
12,919.51

599,233.53
CR

8,850.00

DR CR
818,203.43
7,363,830.91
SALES 8,182,034.34

572,742.40
AR 572,742.40

40,910.17
ADA 40,910.17

975,404.62
8,778,641.55
SALES 9,754,046.17

928,244.26
AR 928,244.26

48,770.23
ADA 48,770.23

1,007,832.92
9,070,496.25
SALES 10,078,329.16

998,104.43
AR 998,104.43

50,391.65
ADA 50,391.65

861,841.99

771,678.78

875,840.55
Schedule 1 Sales

2022
Products Units Price
Per piece (1) 91,554.52 14.84
Per pack (3) 72,805.15 43.71
Per Box (12) 20,825.46 174.83
TOTAL

Schedule 2 Product Cost per unit

PRODUCTION BUDGET
PER PIECE (1) 2022 2023
Projected sales in units 91,554.52 104,170.73
Desired end inventory 18,310.90 20,834.15
Total needs 109,865.42 125,004.87
Beg., inventory - 18,310.90
Required Production 109,865.42 106,693.97

*The company's desired ending inventory is 20% of the projected sales in units for the year

#OF UNITS PRODUCED PER SIZES

PER PIECE Units per piece 2022
Required Production 109,865.42
# of pencils 1 109,865.42

BASIS FOR DIRECT MATERIALS

Ingredients Cost Produced piece
Newspaper 4.00 220
Glue 4,550.00 10,000
Seedlings 20.00 50
Gelatine Capsule 274.00 1000
Packaging 500 50000
Graphite (Lead) 100 10000

BASIS FOR ALLOCATION OF FOH AND & DIRECT LABOR

SUMMARY 2022 Rate
# of Pencils
per piece 109,865.42 16%
per pack 262,098.56 39%
per box 299,886.58 45%
Total production 671,850.56 100%
ALLLOCATION OF FACTORY OVERHEAD EXPENSES
FACTORY OVERHEAD EXPENSE
Depreciation Expense - Machine Production
Utilities Expense- Factory
Factory Supplies Expense
Rent Expense -Factory
Maintenance - Factory
Indirect Materials
Indirect Labor
Total
Allocation ALLOCATION
per piece 16.35%
per pack 39.01%
per box 44.64%
Total 100.00%

ALLOCATION OF DIRECT LABOR

Allocation of
2022 Ratio
Wages
per piece 16% 163,157.00
per pack 39% 389,232.71
per box 45% 445,350.29
total 100% 997,740.00

PRODUCTION COST PER UNIT COMPUTATIONS

2022
PER PIECE (1)
Materials Quantity Unit
Old Newspaper 1 piece
Seedlings 5 piece
Gelatine Capsules 1 piece
Lead (Graphite) 1 piece
Packaging 1 piece
Direct Material/unit
Number of Pencils
Total Direct Materials
Attributable per
Cost
Piece
Direct Labor 16% 163,157
Manufacturing Overhead 362,723
Total Cost per unit
Mark up
Selling Price

2023
PER PIECE
Materials Quantity Unit
Old Newspaper 1 piece
Seedlings 5 piece
Gelatine Capsules 1 piece
Packaging 1 piece
Lead (Graphite) 1 piece
Direct Material/unit
Number of Pencils
Total Direct Materials
Attributable per
Cost
piece
Direct Labor 16% 163,453.80
Manufacturing Overhead 364,117.64
Total Cost per unit
Mark up
Selling Price

2024
PER PIECE
Materials Quantity Unit
Old Newspaper 1 piece
Seedlings 5 piece
Gelatine Capsules 1 piece
Packaging 1 piece
Lead (Graphite) 1 piece
Direct Material/unit
Number of Pencils
Total Direct Materials
Attributable per
Cost
Piece
Direct Labor 16% 163,750.60
Manufacturing Overhead 373,427.04
Total Cost per unit
Mark up
 Selling Price

Schedule 3: Cost of Goods Sold

STATEMENT OF COST OF GOODS SOLD

TO BE ACCOUNTED FOR
PER PIECE 2022
Direct Materials beg
Purchases 93,758.27
Direct Materials End 15,623.98
Direct Materials Issued 78,134.29
Direct Labor 163,157.00
Manufacturing Overhead 362,722.83
Total Manufacturing Cost 604,014.12
Finished Goods Beg 0
Goods Available for sale 604,014.12
Finished Goods End 100,669.02
COGS 503,345.10

ACCOUNTED FOR
Projected Sales
2022 Sales
91,554.52
5.50 503,345.10

2023 Sales
104,170.73
Beg 18,310.90 100,669.02
During the year 85,859.82 485,614.44

2024 Sales 118,525.45

Beg 20,834.15 117,835.81
During the year 97,691.31 501,759.18

TO BE ACCOUNTED FOR
PER PACK 2022
Raw Materials beg 0
Purchases 223,676.80
Raw Materials End 37,277.07
Raw Materials Issued 186,399.73
Direct Labor 389,232.71
Manufacturing Overhead 865,323.52
Total Manufacturing Cost 1,440,955.96
Finished Goods Beg 0
Goods Available for sale 1,440,955.96
Finished Goods End 240,159.33
COGS 1,200,796.63

ACCOUNTED FOR
Projected Sales
2022 Sales
72,805.15
16.49 1,200,796.63

2023 Sales
82,837.70
Beg 14,561.03 240,159.33
During the year 68,276.67 1,158,497.79

2024 Sales 94,252.74

Beg 16,567.54 281,112.99
During the year 77,685.20 1,197,013.21

TO BE ACCOUNTED FOR
PER BOX 2022
Raw Materials beg 0
Purchases 255,925.79
Raw Materials End 42,651.90
Raw Materials Issued 213,273.88
Direct Labor 445,350.29
Manufacturing Overhead 990,081.42
Total Manufacturing Cost 1,648,705.59
Finished Goods Beg 0
Goods Available for sale 1,648,705.59
Finished Goods End 274,784.26
COGS 1,373,921.32

ACCOUNTED FOR
Projected Sales
2022 Sales
20,825.46
65.97 1,373,921.32
2023 Sales
23,695.20
Beg 4,165.09 274,784.26
During the year 19,530.11 1,325,524.05

2024 Sales 26,960.40

Beg 4,739.04 321,642.41
During the year 22,221.36 1,369,592.42

TOTAL COGS 3,078,063.05

**The figures above will appear at the income statement of the company
***As you are seeing there is a checking of whether the COGS computed using
the product cost per unit will tally when the COGS is computed
base on the inventories being issued as seen beside

SUMMARY OF STATEMENT OF COGS

PER PIECE 2022
Direct Materials beg -
Purchases 573,360.86
Direct Materials End 95,552.96
Direct Materials Issued 477,807.90
Direct Labor 997,740.00
Manufacturing Overhead 2,218,127.76
Total Manufacturing Cost 3,693,675.66
Finished Goods Beg 0
Goods Available for sale 3,693,675.66
Finished Goods End 615,612.61
COGS 3,078,063.05
Schedule 3: Selling and Admin Expenses

2022
Advertising Expense 73,663.75
Rent Expense 393,600.00
Utilities Expense 87,180.00
Office Supplies Expense 66,380.0
Depreciation PPE-S&A 69,011
Depreciation FF 18,776.40
Maintenance Expense 8,446
Salaries Expense 3,661,392.00
Legal Requirements 28,819.00
Bad Debt Expense 40,910.17
Totals 4,448,178.38

NOTE 1: SCHEDULE FOR ADVERTISING EXPENSE

Online Promotion
 Cost Day/s
Facebook 48.5 1
Twitter 24.25 1
Instagram 70 1
Public Sales Promotion
Unit
Product sample (Sponsor) 2000

Total Marketing Cost

2021
2022
2023
**Facebook ave cost per ad boost 1 dollar X 48.50 dollar rate
***Twitter ave cost per ad boost 0.50 dollar X 48.50 dollar rate
****The Advertising Expense grows by 13.85% which is the same growth use in demand analysis

NOTE 2: SCHEDULE FOR RENT EXPENSE

Allocation Monthy
Total Building Rent Expen 100% 82,000.00
Attributable to Production 60% 49,200.00
Attributable to Administrati 40% 32,800.00

NOTE 3: UTILITIES EXPENSE

Electricity Expense Quantity Unit
Factory
Light Bulbs 20.00 KWH
Automatic Pencil Rod and G 1.00 KWH
Pencil abrading 1.00 KWH
Drying Machine 1.00 KWH
Shrink Molding Machine 1.00 KWH
CCTV - Factory 2.00 KWH
Large Portable Floor Plan 1.00 KWH
Totals Attributable to FOH

Admin and Selling Quantity Unit

Printer 3.00 KWH
Air conditioner 2.00 KWH
Projector 1.00 KWH
Desktop 5.00 KWH
Telephone 7.00 KWH
Router 3.00 KWH
Photocopy Machine 2.00 KWH
Fax Machine 1.00 KWH
Totals Attributable to S&A

Water Expense Quantity Unit

Water Tank 50 CUBIC METERS
Allocation of Water Expense Allocation Rate
Attributable to FOH 60%
Attributable to S&A EXPENSE 40%
Balancing Figure

Telephone and CommunicatiQuantity Unit

Attributable to S&A only 3 NA

2022 Att. FOH Att. S&A

Electricity 75,187.20 26,340.00
Water Expense 10,260.00 6,840.00
Telephone and Communication Expense 54000
Total Utilities Expense 85,447.20 87,180.00

2023 Att. FOH Att. S&A

Electricity 85,548.00 29,969.65
Water Expense 11,673.83 7,782.55
Telephone and Communication Expense 54000
Total Utilities Expense 97,221.82 91,752.20

2024 Att. FOH Att. S&A

Electricity 97,336.51 34,099.47
Water Expense 13,282.48 8,854.99
Telephone and Communication Expense 54000
Total Utilities Expense 110,618.99 96,954.46

NOTE 4: SUPPLIES EXPENSE

Office Supplies Unit Cost Quantity

Ballpen 135 3
Bond paper 179 30
Calculator 268 268
Stapler 130 9
Puncher 128 9
Tape Dispenser 76 15
Tape 36 15
Staple wire 17 20
Scissors 37 10
Folders 4 100
Paper Clips 41 6
Annual Purchases

Factory Supplies Unit cost Quantity

Gloves 9 84
Dusk Mask 15 300
Light Bulbs 145 20
Safety Glasses 50 28
Rags 10 50
Uniform 80 14
Annual Purchases

NOTE 5: PPE DEPRECIATION EXPENSE

FACTORY Unit Cost Quantity

Paper Cutter 680 5
Automatic Pencil Rod and Ge 50,000 1
Pencil abrading 75,000 1
Drying Machine 32,500 1
Shrink Molding Machine 30,000 1
Hand Truck 2,300 2
Storage Rack 3,568 2
Water Tank 22,000 1
CCTV 2,756 8
Large Portable Floor Plan 195,000 1
Annual depreciation for Factory Machineries and Equipment

S&A Unit Cost Quantity

Printer 2,700.00 3
Air conditioner 29,990.00 2
Projector 12,000.00 1
Desktop 10,000.00 5
Telephone 30,000.00 7
Router 2,756.00 3
Photocopy Machine 34,000.00 2
Fax Machine 5,950.00 1
Annual Depreciation for Administrative Equipment

NOTE 6: FURNITURES AND FIXTURES ATTRIBUTABLE TO S & A

 ITEMS Unit cost Quantity
Office chair 1,228.00 9
Executive Office Chair 3,990.00 3
Executive office desk 5,000.00 3
8 seaters work station 15,000.00 1
Reception Sofa 5,000.00 1
Conference Table 10,000.00 1
Conference Chair 990.00 12
Filing Cabinet 6,990.00 2
Total

NOTE 7: MAINTENANCE EXPENSE

FACTORY Unit Cost Quantity
Paper Cutter 680 5
Automatic Pencil Rod and Ge 50,000 1
Pencil abrading 75,000 1
Drying Machine 32,500 1
Shrink Molding Machine 30,000 1
CCTV 2,756 8
Large Portable Floor Plan 195,000 1
Attributable to FOH- Annual

S&A Unit Cost Quantity

Printer 2,700.00 3
Air conditioner 29,990.00 2
Projector 12,000.00 1
Desktop 10,000.00 5
Telephone 30,000.00 7
Router 2,756.00 3
Photocopy Machine 34,000.00 2
Fax Machine 5,950.00 1
Attributable to S&A

NOTE 8: LEGAL EXPENSE

2022
BIR Registration 500.00
SEC Registration 17,600.00
Mayor's/Business Permit 5,000.00

Barangay Permit/Clearance 2,000.00

Community Tax 1,300.00
Certificates
Electric Inspection Permit 550.00
Fire Safety Inspection Permit 649.00
Sanitary Permit Certificate 120.00
Garbage Permit 500.00
Zoning Certificate 300.00
Annual Inspection 300.00

TOTAL 28,819.00

NOTE 9: SCHEDULE FOR SALARIES

2022 2023
Gross Pay 2,652,000.00 2,652,000.00
Add:
Premium Pay 183,600.00 183,600.00
Overtime Pay 306,000.00 306,000.00
13th Month pay 224,400.00 224,400.00
Total 3,366,000.00 3,366,000.00
Less:
SSS 99,360.00 99,360.00
Philhealth 53,856.00 60,588.00
Pag-ibig 53,856.00 53,856.00
Withholding 163,660.00 123,520.00
Salaries Expense 2,995,268.00 3,028,676.00

Gross Pay

Designation Hourly Rate Daily Rate

General Manager 187.5 1,500.00

Finance & Accounting
Manager 150 1,200.00
Accountant 125 1,000.00
Marketing & Sales
Manager 150 1,200.00
Product Sales Staff 125 1,000.00
Marketing Staff 125 1,000.00
Administration
Manager 150 1,200.00
Human Resource Staff 125 1,000.00
Delivery 68.75 550
Security Guard 68.75 550
Total

Gross Pay

Designation Hourly Rate Daily Rate

General Manager 187.5 1,500.00

Finance & Accounting
Manager 150 1,200.00
Accountant 125 1,000.00
Marketing & Sales
Manager 150 1,200.00
Product Sales Staff 125 1,000.00
Marketing Staff 125 1,000.00
Administration
Manager 150 1,200.00

Human Resource Staff 125 1,000.00

Delivery 68.75 550
Security Guard 68.75 550
Total

Gross Pay

Designation Hourly Rate Daily Rate

General Manager 187.5 1,500.00

Finance & Accounting
Manager 150 1,200.00
Accountant 125 1,000.00
Marketing & Sales
Manager 150 1,200.00
Product Sales Staff 125 1,000.00
Marketing Staff 125 1,000.00
Administration
Manager 150 1,200.00

Human Resource Staff 125 1,000.00

Delivery 68.75 550
Security Guard 68.75 550
Total

NOTE 10: Employee Benefits - Selling and Admin

2022
ER EE
SSS 187,680.00 99,360.00
Philhealth 53,856.00 53,856.00
Pag-ibig 53,856.00 53,856.00
Total 295,392.00 207,072.00

2022
Designation SSS
ER EE
General Manager 20,400.00 10,800.00
Finance & Accounting
Manager 20,400.00 10,800.00
Accountant 20,400.00 10,800.00
Marketing & Sales
Manager 20,400.00 10,800.00
Product Sales Staff 20,400.00 10,800.00
Marketing Staff 20,400.00 10,800.00
Administration
Manager 20,400.00 10,800.00

Human Resource Staff 20,400.00 10,800.00

Delivery 12,240.00 6,480.00
Security Guard 12,240.00 6,480.00
Total 187,680.00 99,360.00

2023
Designation SSS
ER EE
General Manager 20,400.00 10,800.00
Finance & Accounting
Manager 20,400.00 10,800.00
Accountant 20,400.00 10,800.00
Marketing & Sales
Manager 20,400.00 10,800.00
Product Sales Staff 20,400.00 10,800.00
Marketing Staff 20,400.00 10,800.00
Administration
Manager 20,400.00 10,800.00

Human Resource Staff 20,400.00 10,800.00

Delivery 12,240.00 6,480.00
Security Guard 12,240.00 6,480.00
Total 187,680.00 99,360.00

2024
Designation SSS
ER EE
General Manager 20,400.00 10,800.00
Finance & Accounting
Manager 20,400.00 10,800.00
Accountant 20,400.00 10,800.00
Marketing & Sales
Manager 20,400.00 10,800.00
Product Sales Staff 20,400.00 10,800.00
Marketing Staff 20,400.00 10,800.00
Administration
Manager 20,400.00 10,800.00

Human Resource Staff 20,400.00 10,800.00

Delivery 12,240.00 6,480.00
Security Guard 12,240.00 6,480.00
Total 187,680.00 99,360.00

NOTE 11: WAGES

MOH
 2022 2023
Gross Pay 832,000.00 832,000.00
Add:
Premium Pay 57,600.00 57,600.00
Overtime Pay 96,000.00 96,000.00
13th Month pay 70,400.00 70,400.00
Total 1,056,000.00 1,056,000.00
Less:
SSS 32,400.00 32,400.00
Philhealth 16,896.00 19,008.00
Pag-ibig 16,896.00 16,896.00
Withholding 47,120.00 35,340.00
Salaries Expense 942,688.00 952,356.00

Gross Pay
Designation Hourly Rate Daily Rate
Production and Logisti 150.00 1,200.00
Manufacturing Staff 125.00 1,000.00
Logistics Staff 125.00 1,000.00
Total - MOH
Factory Worker #1 68.75 550.00
Factory Worker #2 68.75 550.00
Factory Worker #3 68.75 550.00
Factory Worker #4 68.75 550.00
Factory Worker #5 68.75 550.00
Total - DL

Gross Pay
Designation Hourly Rate Daily Rate
Production and Logisti 150.00 1,200.00
Manufacturing Staff 125.00 1,000.00
Logistics Staff 125.00 1,000.00
Total - MOH
Factory Worker #1 68.75 550.00
Factory Worker #2 68.75 550.00
Factory Worker #3 68.75 550.00
Factory Worker #4 68.75 550.00
Factory Worker #5 68.75 550.00
Total - DL

Gross Pay
Designation Hourly Rate Daily Rate
Production and Logisti 150.00 1,200.00
Manufacturing Staff 125.00 1,000.00
Logistics Staff 125.00 1,000.00
Total - MOH
Factory Worker #1 68.75 550.00
Factory Worker #2 68.75 550.00
Factory Worker #3 68.75 550.00
Factory Worker #4 68.75 550.00
Factory Worker #5 68.75 550.00
Total - DL

NOTE 12: Employee Benefits Expense - Direct and Indirect Labor

2022
Direct Labor ER EE
SSS 61,200.00 32,400.00
Philhealth 14,520.00 14,520.00
Pag-ibig 14,520.00 14,520.00
Total 90,240.00 61,440.00

2022
Manufacturing Overhead ER EE
SSS 61,200.00 32,400.00
Philhealth 16,896.00 16,896.00
Pag-ibig 16,896.00 16,896.00
Total 94,992.00 66,192.00

2022
SSS
ER EE
Production and Logisti 20,400.00 10,800.00
Manufacturing Staff 20,400.00 10,800.00
Logistics Staff 20,400.00 10,800.00
Total - MOH 61,200.00 32,400.00
Factory Worker #1 12,240.00 6,480.00
Factory Worker #2 12,240.00 6,480.00
Factory Worker #3 12,240.00 6,480.00
Factory Worker #4 12,240.00 6,480.00
Factory Worker #5 12,240.00 6,480.00
Total - DL 61,200.00 32,400.00

2023
SSS
ER EE
Production and Logisti 20,400.00 10,800.00
Manufacturing Staff 20,400.00 10,800.00
Logistics Staff 20,400.00 10,800.00
Total - MOH 61,200.00 32,400.00
Factory Worker #1 12,240.00 6,480.00
Factory Worker #2 12,240.00 6,480.00
Factory Worker #3 12,240.00 6,480.00
Factory Worker #4 12,240.00 6,480.00
Factory Worker #5 12,240.00 6,480.00
Total - DL 61,200.00 32,400.00

2024
SSS
ER EE
Production and Logisti 20,400.00 10,800.00
Manufacturing Staff 20,400.00 10,800.00
Logistics Staff 20,400.00 10,800.00
Total - MOH 61,200.00 32,400.00
Factory Worker #1 12,240.00 6,480.00
Factory Worker #2 12,240.00 6,480.00
Factory Worker #3 12,240.00 6,480.00
Factory Worker #4 12,240.00 6,480.00
Factory Worker #5 12,240.00 6,480.00
Total - DL 61,200.00 32,400.00

NOTE 13: SCHEDULE FOR BAD DEBT EXPENSE

2022 DR
AR 818,203.43
Cash 7,363,830.91
SALES
Cash 572,742.40
AR

BDE 40,910.17
ADA
2023
AR 975,404.62
CASH 8,778,641.55
SALES

CASH 928,244.26
AR

BDE 48,770.23
ADA
2024
AR 1,007,832.92
CASH 9,070,496.25
SALES

CASH 998,104.43
AR

BDE 50,391.65
ADA

***Please see the AR computations in Schedule of Assets tab for more detaailed data
****We just opted to put the journal entries for simplicity

NOTE 14: SCHEDULE FOR INCOME TAX EXPENSE

2022
NET INCOME 655,792.91
Income Tax Rate (CREATE) 20%
Income Tax Expense 131,158.58

*** The income tax rate of 20% is based on the newly approved CREATE LAW for which
20% income tax rate is being levied to businesse having an asset of 5M and below.
 2022 2023 2024
Sales Units Price Sales Units
1,359,031.77 104,170.73 16.97 1,767,537.16 118,525.45
3,182,111.07 82,837.70 44.96 3,724,747.05 94,252.74
3,640,891.50 23,695.20 179.86 4,261,761.96 26,960.40
8,182,034.34 9,754,046.17

2024 PER PACK 2022

118,525.45 Projected sales in uni 72,805.15
23,705.09 Desired end inventor 14,561.03
142,230.55 Total needs 87,366.19
20,834.15 Beg., inventory -
121,396.40 Required Productio 87,366.19

projected sales in units for the year *The company's desired ending inventory is 20% of the projecte

2023 2024 PER PACK Units per piece

106,693.97 121,396.40 Required Production
106,693.97 121,396.40 # of pencils 3

Per piece Description

0.018 *4.00/kilo where 220 units of pencil could be produce in a kilo of old news paper in junkshop
0.46 **20 liters of big fly glue costing 4,550 for which 10,000 pencils
0.4 ***Seedlings bag cost 20 pesos per bag where 250 seeds and intact and it is expected that in each piec
0.274 ****A bag of empty gelatine capsule composed of 1000 pieces
0.01 ****Packaging
0.01 *****100 per kg produce (10,000)

ECT LABOR
2023 Rate 2024 Rate

106,693.97 16% 121,396.40 16%

254,532.65 39% 289,607.24 39%
291,229.85 45% 331,361.33 45%
652,456.47 100% 742,364.97 100%
 2022 2023 2024
68,497 68,497 68,497
85,447 97,222 110,619
8,941 12,408 12,920
590,400 590,400 590,400
8,159 8,159 8,159
305,692.00 296,867.69 337,776.06
1,150,992.00 1,153,104.00 1,155,216.00
2,218,128 2,226,657 2,283,586
ALLOCATION ALLOCATION
362,723 16.35% 364,118 16% 373,427
865,324 39.01% 868,651 39% 890,860
990,081 44.64% 993,889 45% 1,019,299
2,218,128 100.00% 2,226,657 100% 2,283,586

Allocation of
2023 Ratio
Wages
per piece 16% 163,453.80
per pack 39% 389,940.77
per box 45% 446,160.43
total 100% 999,555.00

22
PER PACK (3)
Cost/Unit Total Cost Materials Quantity
0.018182 0.02 Old Newspaper 1
0.08 0.40 Seedlings 5
0.27 0.27 Gelatine Capsules 1
0.01 0.01 Packaging 1
0.01 0.01 Lead (Grpahite) 1
0.71 Direct Material/unit
1.00 Number of Pencils
0.71 Total Direct Materials
Attributable per
Required Production Total
Pack
109,865.42 1.49 Direct Labor 39%
109,865.42 3.30 Manufacturing Overhead
 5.50 Total Cost per unit
170% Mark up
14.84 Selling Price

23
PER PACK
Cost/Unit Total Cost Materials Quantity
0.018182 0.02 Old Newspaper 1
0.08 0.40 Seedlings 5
0.274 0.27 Gelatine Capsules 1
0.01 0.01 Packaging 1
0.01 0.01 Lead (Graphite) 1
0.71 Direct Material/unit
1.00 Number of Pencils
0.71 Total Direct Materials
Attributable per
Required Production Total
Piece
106,693.97 1.53 Direct Labor 39%
106,693.97 3.41 Manufacturing Overhead
5.66 Total Cost per unit
200% Mark up
16.97 Selling Price

24
PER PACK
Cost/Unit Total Cost Materials Quantity
0.02 0.02 Old Newspaper 1
0.08 0.40 Seedlings 5
0.27 0.27 Gelatine Capsules 1
0.01 0.01 Packaging 1
0.01 0.01 Lead (Graphite) 1
0.39 0.71 Direct Material/unit
1.00 Number of Pencils
0.71 Total Direct Materials
Attributable per
Required Production Total
Piece
121,396.40 1.35 Direct Labor 39%
121,396.40 3.08 Manufacturing Overhead
5.14 Total Cost per unit
200% Mark up
 15.41 Selling Price

T OF GOODS SOLD

PRODUCTION BUDGET
PER PIECE (1) 2022
2023 2024 Projected sales in uni 91,554.52
15,623.98 15,172.89 Desired end inventor 18,310.90
75,427.72 88,426.13 Total needs 109,865.42
15,172.89 17,264.11 Beg., inventory -
75,878.81 86,334.91 Required Productio 109,865.42
163,453.80 163,750.60 #of Pencils 1
364,117.64 373,427.04 Total needs 109,865.42
603,450.26 623,512.56
100,669.02 117,835.81
704,119.28 741,348.37
117,835.81 121,753.38
586,283.46 619,594.99 PER PIECE (1 PIECE)
Old news paper
Required Production
Materials per unit (piece)
Production needs to be issued
%Desired ending inventory
Total
Raw Mats Beg
Total Purchases
Cost per piece
Cost of Purchases
586,283.46 Cost of Ending Inventory
Cost of Beg Raw Mats
Issued Raw Mats

619,594.99 Seedlings
Required Production
Materials per unit (piece)
UNTED FOR Production needs to be issued
2023 2024 %Desired ending inventory
37,277.07 36,200.93 Total
179,942.84 210,952.29 Raw Mats Beg
36,200.93 41,189.81 Total Purchases
181,018.99 205,963.41 Cost per piece
389,940.77 390,648.83 Cost of Purchases
 868,651.02 890,859.84 Cost of Ending Invty
1,439,610.78 1,487,472.07 Cost of Beg Invty
240,159.33 281,112.99 Issued Raw Mats
1,679,770.10 1,768,585.06
281,112.99 290,458.87 Gelatine Capsule
1,398,657.12 1,478,126.19 Required Production
Materials per unit (piece)
Production needs to be issued
%Desired ending inventory
Total
Raw Mats Beg
Total Purchases
Cost per piece
Cost of Purchases
Cost of Ending Invty
Cost of Beg Invty
1,398,657.12 Issued Raw Mats

Lead
Required Production
1,478,126.19 Materials per unit (piece)
Production needs to be issued
%Desired ending inventory
Total
UNTED FOR Raw Mats Beg
2023 2024 Total Purchases
42,651.90 41,420.60 Cost per piece
205,886.08 241,366.31 Cost of Purchases
41,420.60 47,128.76 Cost of Ending Invty
207,117.38 235,658.15 Cost of Beg Invty
446,160.43 446,970.57 Issued Raw Mats
993,888.66 1,019,299.44
1,647,166.47 1,701,928.16 Packaging
274,784.26 321,642.41 Required Production
1,921,950.73 2,023,570.57 Materials per unit (piece)
321,642.41 332,335.73 Production needs to be issued
1,600,308.32 1,691,234.84 %Desired ending inventory
Total
Raw Mats Beg
Total Purchases
Cost per piece
Cost of Purchases
Cost of Ending Invty
Cost of Beg Invty
 Issued Raw Mats

Adhesive (Indirect Material)

1,600,308.32 Required Production
Materials per unit (ml)
Production needs to be issued
%Desired ending inventory
1,691,234.84 Total
Raw Mats Beg
3,585,248.90 3,788,956.02 Total Purchases
nt of the company Cost per piece
COGS computed using Cost of Purchases
Cost of Ending Invty
Cost of Beg Invty
Issued Raw Mats
TEMENT OF COGS
2023 2024 SUMMARY
95,552.96 92,794.42 Raw Materials
461,256.63 540,744.73 Total Cost of Purchases
92,794.42 105,582.68 Desired Ending Inventory
464,015.18 527,956.47 Beg Inventory
999,555.00 1,001,370.00 Issued Raw Mats
2,226,657.32 2,283,586.32
3,690,227.50 3,812,912.79
615,612.61 720,591.21
4,305,840.11 4,533,504.00 2022 ENTRIES
720,591.21 744,547.98 DIRECT MATERIALS
3,585,248.90 3,788,956.02 INDIRECT MATERIALS

WIP
FOH

2023 ENTRIES
DIRECT MATERIALS
INDIRECT MATERIALS
 WIP
FOH

ENTRIES
DIRECT MATERIALS
INDIRECT MATERIALS
2024

WIP
FOH

Balancing

2023 2024
83,866.18 95,481.65
393,600.00 393,600.00
91,752.20 96,954.46
92,122.2 95,919.5
69,011 69,011
18,776.40 18,776.40
8,446 8,446
3,668,124.00 3,674,856.00
11,219.00 11,219.00
48,770.23 50,391.65
4,485,687.24 4,514,655.71
 Ave. Days/year Total 2022 Advertising Expense
365 17,702.50 Cash
365 8,851.25
365 25,550.00 2023 Advertising Expense
Cash
Unit Cost Total
10.78 21,560.00 2024 Advertising Expense
Cash
73,663.75
73,663.75
83,866.18
95,481.65

is the same growth use in demand analysis

2022 2023 2024

984,000.00 984,000.00 984,000.00 ** The rent expnse for the building is 82,000 motnhly for which
590,400.00 590,400.00 590,400.00 60% of the floor plan is allocated to the factory while the 40% i
393,600.00 393,600.00 393,600.00 to the administrative and selling departments

Cost/month Monthly rate 2022 2023 2024

5.18 103.60 1,243.20 1,414.51 1,609.43

3,500.00 3,500.00 42,000.00 47,787.60 54,372.73
500.00 500.00 6,000.00 6,826.80 7,767.53
500.00 500.00 6,000.00 6,826.80 7,767.53
1,500.00 1,500.00 18,000.00 20,480.40 23,302.60
6.00 12.00 144.00 163.84 186.42
150.00 150.00 1,800.00 2,048.04 2,330.26
6,265.60 75,187.20 85,548.00 97,336.51

Cost/month Monthly rate 2022 2023 2024

30.00 90.00 1,080.00 1,228.82 1,398.16
500.00 1,000.00 12,000.00 13,653.60 15,535.07
10.00 10.00 120.00 136.54 155.35
80.00 400.00 4,800.00 5,461.44 6,214.03
15.00 105.00 1,260.00 1,433.63 1,631.18
150.00 450.00 5,400.00 6,144.12 6,990.78
20.00 40.00 480.00 546.14 621.40
100.00 100.00 1,200.00 1,365.36 1,553.51
 2,195.00 26,340.00 29,969.65 34,099.47

Cost/month Monthly rate 2022 2023 2024

28.5 1,425.00 17,100.00 19,456.38 22,137.47

10,260.00 11,673.83 13,282.48

6,840.00 7,782.55 8,854.99
17,100.00 19,456.38 22,137.47

Cost/month Monthly rate 2022 2023 2024

1500 4500 54000 54000 54000

FOH 85,447.20
S&A 87,180.00
Utilities Payable 172,627.20

FOH 97,221.82
S&A 91,752.20
Utilities Payable 188,974.03

FOH 110,618.99
S&A 96,954.46
Utilities Payable 207,573.45

Total Cost
405 OFFICE SUPPLIES EXPENSE
5,370 2022 2023
71,824 Beg Bal - 16,595
1,170 Purchases 82,975 94,409
1,152 Desired End, Balanc 16,595.0 18,882
1,140 Expenses 66,380.0 92,122
540
340 *Desired end balance is 20% of purchases each year
370 **Purchases each year grow 13.78% compounded annually
 418 which is the expected annual grow of demand for stationery industry
246 according to [Link]
82,975
FACTORY SUPPLIES EXPENSE
2022 2023
Total Cost Beg Bal 2,235
756 Purchases 11,176 12,716
4,500 Desired End, Balanc 2,235.2 2,543
2,900 Expenses 8,940.8 12,408
1,400
500 *Desired end Balance is 20% of purchases each year
1,120 **Purchases each year grow 13.78% compounded annually
11,176 which is the expected annual grow of demand for stationery industry
according to [Link]

Total cost Dep Amt Useful life Annual Dep

3,400 3,400 10 340
50,000 50,000 10 5,000
75,000 75,000 10 7,500
32,500 32,500 13 2,500
30,000 30,000 10 3,000
4,600 4,600 5 920
7,136 7,136 5 1,427
22,000 22,000 5 4,400
22,048 22,048 5 4,410
195,000 195,000 5 39,000
441,684 68,497

Total cost Dep Amt Useful life Annual Dep

8,100 8,100 5 1,620
59,980 59,980 8 7,498
12,000 12,000 6 2,000
50,000 50,000 8 6,250
210,000 210,000 5 42,000
8,268 8,268 5 1,654
68,000 68,000 10 6,800
5,950 5,950 5 1,190
422,298 69,011

UTABLE TO S & A
Total Cost Dep Amt Useful Life Annual Dep
11,052.00 11,052.00 5 2,210.40
11,970.00 11,970.00 5 2,394.00
15,000.00 15,000.00 5 3,000.00
15,000.00 15,000.00 5 3,000.00
5,000.00 5,000.00 5 1,000.00
10,000.00 10,000.00 5 2,000.00
11,880.00 11,880.00 5 2,376.00
13,980.00 13,980.00 5 2,796.00
93,882.00 93,882.00 18,776.40

PP Mainte rate Mainte Exp

3,400 2% 68
50,000 2% 1,000
75,000 2% 1,500
32,500 2% 650
30,000 2% 600
22,048 2% 441
195,000 2% 3,900
407,948 8,159

PP Mainte rate Mainte Exp

8,100 2% 162
59,980 2% 1,200
12,000 2% 240
50,000 2% 1,000
210,000 2% 4,200
8,268 2% 165
68,000 2% 1,360
5,950 2% 119
422,298 8,446

2023 2024
500.00 500.00 ENTRY

5,000.00 5,000.00 2022 Legal Expense

Cash
2,000.00 2,000.00
1,300.00 1,300.00 2023 Legal Expense
Cash
 550.00 550.00 2024 Legal Expense
649.00 649.00 Cash
120.00 120.00
500.00 500.00
300.00 300.00
300.00 300.00

11,219.00 11,219.00

2024
2,652,000.00

183,600.00
306,000.00
224,400.00
3,366,000.00

99,360.00
67,320.00
53,856.00
123,520.00
3,021,944.00

2022
Add:
No. of days of Premium Pay 13th Month
Total Overtime
work for 2022 for 2022 pay
260 390,000.00 27,000.00 45,000.00 33,000.00

260 312,000.00 21,600.00 36,000.00 26,400.00

260 260,000.00 18,000.00 30,000.00 22,000.00

260 312,000.00 21,600.00 36,000.00 26,400.00

260 260,000.00 18,000.00 30,000.00 22,000.00
260 260,000.00 18,000.00 30,000.00 22,000.00

260 312,000.00 21,600.00 36,000.00 26,400.00

 260 260,000.00 18,000.00 30,000.00 22,000.00
260 143,000.00 9,900.00 16,500.00 12,100.00
260 143,000.00 9,900.00 16,500.00 12,100.00
2,652,000.00 183,600.00 306,000.00 224,400.00

2023
Add:
No. of days of Premium Pay 13th Month
Total Overtime
work for 2023 for 2023 pay
260 390,000.00 27,000.00 45,000.00 33,000.00

260 312,000.00 21,600.00 36,000.00 26,400.00

260 260,000.00 18,000.00 30,000.00 22,000.00

260 312,000.00 21,600.00 36,000.00 26,400.00

260 260,000.00 18,000.00 30,000.00 22,000.00
260 260,000.00 18,000.00 30,000.00 22,000.00

260 312,000.00 21,600.00 36,000.00 26,400.00

260 260,000.00 18,000.00 30,000.00 22,000.00

260 143,000.00 9,900.00 16,500.00 12,100.00
260 143,000.00 9,900.00 16,500.00 12,100.00
2,652,000.00 183,600.00 306,000.00 224,400.00

2024
Add:
No. of days of Premium Pay 13th Month
Total Overtime
work for 2024 for 2024 pay
260 390,000.00 27,000.00 45,000.00 33,000.00

260 312,000.00 21,600.00 36,000.00 26,400.00

260 260,000.00 18,000.00 30,000.00 22,000.00

260 312,000.00 21,600.00 36,000.00 26,400.00

260 260,000.00 18,000.00 30,000.00 22,000.00
260 260,000.00 18,000.00 30,000.00 22,000.00
 260 312,000.00 21,600.00 36,000.00 26,400.00

260 260,000.00 18,000.00 30,000.00 22,000.00

260 143,000.00 9,900.00 16,500.00 12,100.00
260 143,000.00 9,900.00 16,500.00 12,100.00
2,652,000.00 183,600.00 306,000.00 224,400.00

2023 2024
ER EE ER EE
187,680.00 99,360.00 187,680.00 99,360.00
60,588.00 60,588.00 67,320.00 67,320.00
53,856.00 53,856.00 53,856.00 53,856.00
302,124.00 213,804.00 308,856.00 220,536.00

2022
Philhealth Pag-ibig
ER EE ER EE
7,920.00 7,920.00 7,920.00 7,920.00

6,336.00 6,336.00 6,336.00 6,336.00

5,280.00 5,280.00 5,280.00 5,280.00

6,336.00 6,336.00 6,336.00 6,336.00

5,280.00 5,280.00 5,280.00 5,280.00
5,280.00 5,280.00 5,280.00 5,280.00

6,336.00 6,336.00 6,336.00 6,336.00

5,280.00 5,280.00 5,280.00 5,280.00

2,904.00 2,904.00 2,904.00 2,904.00
2,904.00 2,904.00 2,904.00 2,904.00
53,856.00 53,856.00 53,856.00 53,856.00

2023
Philhealth Pag-ibig
ER EE ER EE
 8,910.00 8,910.00 7,920.00 7,920.00

7,128.00 7,128.00 6,336.00 6,336.00

5,940.00 5,940.00 5,280.00 5,280.00

7,128.00 7,128.00 6,336.00 6,336.00

5,940.00 5,940.00 5,280.00 5,280.00
5,940.00 5,940.00 5,280.00 5,280.00

7,128.00 7,128.00 6,336.00 6,336.00

5,940.00 5,940.00 5,280.00 5,280.00

3,267.00 3,267.00 2,904.00 2,904.00
3,267.00 3,267.00 2,904.00 2,904.00
60,588.00 60,588.00 53,856.00 53,856.00

2024
Philhealth Pag-ibig
ER EE ER EE
9,900.00 9,900.00 7,920.00 7,920.00

7,920.00 7,920.00 6,336.00 6,336.00

6,600.00 6,600.00 5,280.00 5,280.00

7,920.00 7,920.00 6,336.00 6,336.00

6,600.00 6,600.00 5,280.00 5,280.00
6,600.00 6,600.00 5,280.00 5,280.00

7,920.00 7,920.00 6,336.00 6,336.00

6,600.00 6,600.00 5,280.00 5,280.00

3,630.00 3,630.00 2,904.00 2,904.00
3,630.00 3,630.00 2,904.00 2,904.00
67,320.00 67,320.00 53,856.00 53,856.00

MOH DL
 2024 2022 2023 2024
832,000.00 715,000.00 715,000.00 715,000.00

57,600.00 49,500.00 49,500.00 49,500.00

96,000.00 82,500.00 82,500.00 82,500.00
70,400.00 60,500.00 60,500.00 60,500.00
1,056,000.00 907,500.00 907,500.00 907,500.00

32,400.00 32,400.00 32,400.00 32,400.00

21,120.00 14,520.00 16,335.00 18,150.00
16,896.00 14,520.00 14,520.00 14,520.00
35,340.00 0.00 0.00 0.00
950,244.00 846,060.00 844,245.00 842,430.00

2022
Add:
No. of days of Premium Pay 13th Month
Total Overtime
work for 2022 for 2022 pay
260 312,000.00 21,600.00 36,000.00 26,400.00
260 260,000.00 18,000.00 30,000.00 22,000.00
260 260,000.00 18,000.00 30,000.00 22,000.00
832,000.00 57,600.00 96,000.00 70,400.00
260 143,000.00 9,900.00 16,500.00 12,100.00
260 143,000.00 9,900.00 16,500.00 12,100.00
260 143,000.00 9,900.00 16,500.00 12,100.00
260 143,000.00 9,900.00 16,500.00 12,100.00
260 143,000.00 9,900.00 16,500.00 12,100.00
715,000.00 49,500.00 82,500.00 60,500.00

2023
Add:
No. of days of Premium Pay 13th Month
Total Overtime
work for 2023 for 2023 pay
260 312,000.00 21,600.00 36,000.00 26,400.00
260 260,000.00 18,000.00 30,000.00 22,000.00
260 260,000.00 18,000.00 30,000.00 22,000.00
832,000.00 57,600.00 96,000.00 70,400.00
260 143,000.00 9,900.00 16,500.00 12,100.00
260 143,000.00 9,900.00 16,500.00 12,100.00
260 143,000.00 9,900.00 16,500.00 12,100.00
260 143,000.00 9,900.00 16,500.00 12,100.00
 260 143,000.00 9,900.00 16,500.00 12,100.00
715,000.00 49,500.00 82,500.00 60,500.00

2024
Add:
No. of days of Premium Pay 13th Month
Total Overtime
work for 2024 for 2024 pay
260 312,000.00 21,600.00 36,000.00 26,400.00
260 260,000.00 18,000.00 30,000.00 22,000.00
260 260,000.00 18,000.00 30,000.00 22,000.00
832,000.00 57,600.00 96,000.00 70,400.00
260 143,000.00 9,900.00 16,500.00 12,100.00
260 143,000.00 9,900.00 16,500.00 12,100.00
260 143,000.00 9,900.00 16,500.00 12,100.00
260 143,000.00 9,900.00 16,500.00 12,100.00
260 143,000.00 9,900.00 16,500.00 12,100.00
715,000.00 49,500.00 82,500.00 60,500.00

and Indirect Labor

2023 2024
ER EE ER EE
61,200.00 32,400.00 61,200.00 32,400.00
16,335.00 16,335.00 18,150.00 18,150.00
14,520.00 14,520.00 14,520.00 14,520.00
92,055.00 63,255.00 93,870.00 65,070.00

2023 2024
ER EE ER EE
61,200.00 32,400.00 61,200.00 32,400.00
19,008.00 19,008.00 21,120.00 21,120.00
16,896.00 16,896.00 16,896.00 16,896.00
97,104.00 68,304.00 99,216.00 70,416.00

2022
Philhealth Pag-ibig
ER EE ER EE
6,336.00 6,336.00 6,336.00 6,336.00
5,280.00 5,280.00 5,280.00 5,280.00
5,280.00 5,280.00 5,280.00 5,280.00
16,896.00 16,896.00 16,896.00 16,896.00
 2,904.00 2,904.00 2,904.00 2,904.00
2,904.00 2,904.00 2,904.00 2,904.00
2,904.00 2,904.00 2,904.00 2,904.00
2,904.00 2,904.00 2,904.00 2,904.00
2,904.00 2,904.00 2,904.00 2,904.00
14,520.00 14,520.00 14,520.00 14,520.00

2023
Philhealth Pag-ibig
ER EE ER EE
7,128.00 7,128.00 6,336.00 6,336.00
5,940.00 5,940.00 5,280.00 5,280.00
5,940.00 5,940.00 5,280.00 5,280.00
19,008.00 19,008.00 16,896.00 16,896.00
3,267.00 3,267.00 2,904.00 2,904.00
3,267.00 3,267.00 2,904.00 2,904.00
3,267.00 3,267.00 2,904.00 2,904.00
3,267.00 3,267.00 2,904.00 2,904.00
3,267.00 3,267.00 2,904.00 2,904.00
16,335.00 16,335.00 14,520.00 14,520.00

2024
Philhealth Pag-ibig
ER EE ER EE
7,920.00 7,920.00 6,336.00 6,336.00
6,600.00 6,600.00 5,280.00 5,280.00
6,600.00 6,600.00 5,280.00 5,280.00
21,120.00 21,120.00 16,896.00 16,896.00
3,630.00 3,630.00 2,904.00 2,904.00
3,630.00 3,630.00 2,904.00 2,904.00
3,630.00 3,630.00 2,904.00 2,904.00
3,630.00 3,630.00 2,904.00 2,904.00
3,630.00 3,630.00 2,904.00 2,904.00
18,150.00 18,150.00 14,520.00 14,520.00

CR

8,182,034.34
 572,742.40

40,910.17

9,754,046.17

928,244.26

89,680.40

10,078,329.16

998,104.43

50,391.65

ets tab for more detaailed data

2023 2024 2022 INCOME TAX EXPENSE

1,683,110.03 1,774,717.43 INCOME TAX PAYABLE
20% 20%
336,622.01 354,943.49
2023 INCOME TAX EXPENSE
approved CREATE LAW for which INCOME TAX PAYABLE
g an asset of 5M and below.

2024 INCOME TAX EXPENSE

INCOME TAX PAYABLE
 2024
Price Sales
15.41 1,826,300.69
40.83 3,848,579.99
163.33 4,403,448.49
10,078,329.16

2023 2024 PER BOX

82,837.70 94,252.74 Projected sales in unit
16,567.54 18,850.55 Desired end inventory
99,405.25 113,103.29 Total needs
14,561.03 16,567.54 Beg., inventory
84,844.22 96,535.75 Required Productio

ng inventory is 20% of the projected sales in units for the year *The company's desired ending inventory is 20%

2022 2023 2024 PER BOX

87,366.19 84,844.22 96,535.75 Required Production
262,098.56 254,532.65 289,607.24 # of pencils

ews paper in junkshop

and it is expected that in each piece of pencil 5 seeds will be put inplace
 Allocation of
2024 Ratio
Wages
per piece 16% 163,750.60
per pack 39% 390,648.83
per box 45% 446,970.57
total 100% 1,001,370.00

PER BOX (12)

Unit Cost/Unit Total Cost Materials
piece 0.02 0.02 Old Newspaper
piece 0.08 0.40 Seedlings
piece 0.27 0.27 Gelatine Capsules
piece 0.01 0.01 Packaging
piece 0.01 0.01 Lead (Graphite)
0.71 Direct Material/unit
3.00 Number of Pencils
2.13 Total Direct Materials
Required
Wages Total
Production
389,232.71 87,366.19 4.46 Direct Labor
865,323.52 87,366.19 9.90 Manufacturing Overhead
 16.49 Total Cost per unit
165% Mark Up
43.71 Selling Price

PER BOX
Unit Cost/Unit Total Cost Materials
piece 0.02 0.02 Old Newspaper
piece 0.08 0.40 Seedlings
piece 0.27 0.27 Gelatine Capsules
piece 0.01 0.01 Packaging
piece 0.01 0.01 Lead (Graphite)
0.71 Direct Material/unit
3.00 Number of Pencils
2.13 Total Direct Materials
Required
Cost Total
Production
389,940.77 84,844.22 4.60 Direct Labor
868,651.02 84,844.22 10.24 Manufacturing Overhead
16.97 Total Cost per unit
165% Mark up
44.96 Selling Price

PER BOX
Unit Cost/Unit Total Cost Materials
piece 0.02 0.02 Old Newspaper
piece 0.08 0.40 Seedlings
piece 0.27 0.27 Gelatine Capsules
piece 0.01 0.01 Packaging
piece 0.01 0.01 Lead (Grpahite)
0.71 Direct Material/unit
3.00 Number of Pencils
2.13 Total Direct Materials
Required
Cost Total
Production
390,648.83 96,535.75 4.05 Direct Labor
890,859.84 96,535.75 9.23 Manufacturing Overhead
15.41 Total Cost per unit
165% Mark up
 40.83 Selling Price

2023 2024 PER PACK

104,170.73 118,525.45 Projected sales in unit
20,834.15 23,705.09 Desired end inventory
125,004.87 142,230.55 Total needs
18,310.90 20,834.15 Beg., inventory
106,693.97 121,396.40 Required Productio
1 1 # of pencils
106,693.97 121,396.40 Total neeeds

PER PIECE (1 PIECE) PER PACK

2022 2023 2024 Old news paper
109,865.42 106,693.97 121,396.40 Required Production
1 1 1 Materials per unit (piece)
109,865.42 106,693.97 121,396.40 Production needs to be issued
21,973.08 21,338.79 24,279.28 %Desired ending inventory
131,838.50 128,032.76 145,675.68 Total
0 21,973.08 21,338.79 Raw Mats Beg
131,680.50 106,059.68 124,336.89 Total Purchases
0.0181818 0.01818181818182 0.0181818181818 Cost per piece
2,394.19 1,928.36 2,260.67 Cost of Purchases
399.51 387.98 441.44 Cost of Ending Inventory
- 399.51 387.98 Cost of Beg Raw Mats
1,997.55 1,939.89 2,207.21 Issued Raw Mats

2022 2023 2024 Seedlings

109,865.42 106,693.97 121,396.40 Required Production
5 5 5 Materials per unit (piece)
549,327.09 533,469.85 606,982.00 Production needs to be issued
109,865.42 106,693.97 121,396.40 %Desired ending inventory
659,192.51 640,163.82 728,378.40 Total
0 109,865.42 106,693.97 Raw Mats Beg
659,192.51 530,298.40 621,684.43 Total Purchases
0.08 0.08 0.08 Cost per piece
52,735.40 42,423.87 49,734.75 Cost of Purchases
 8,789.23 8,535.52 9,711.71 Cost of Ending Invty
- 8,789.23 8,535.52 Cost of Beg Invty
43,946.17 42,677.59 48,558.56 Issued Raw Mats

Gelatine Capsule
109,865.42 106,693.97 121,396.40 Required Production
1 1 1 Materials per unit (piece)
109,865.42 106,693.97 121,396.40 Production needs to be issued
21,973.08 21,338.79 24,279.28 %Desired ending inventory
131,838.50 128,032.76 145,675.68 Total
0 21,973.08 21,338.79 Raw Mats Beg
131,838.50 106,059.68 124,336.89 Total Purchases
0.274 0.274 0.274 Cost per piece
36,123.75 29,060.35 34,068.31 Cost of Purchases
6,020.62 5,846.83 6,652.52 Cost of Ending Invty
- 6,020.62 5,846.83 Cost of Beg Invty
30,103.12 29,234.15 33,262.61 Issued Raw Mats

Lead
109,865.42 106,693.97 121,396.40 Required Production
1 1 1 Materials per unit (piece)
109,865.42 106,693.97 121,396.40 Production needs to be issued
21,973.08 21,338.79 24,279.28 %Desired ending inventory
131,838.50 128,032.76 145,675.68 Total
0 21,973.08 21,338.79 Raw Mats Beg
131,838.50 106,059.68 124,336.89 Total Purchases
0.01 0.01 0.01 Cost per piece
1,318.39 1,060.60 1,243.37 Cost of Purchases
219.73 213.39 242.79 Cost of Ending Invty
- 219.73 213.39 Cost of Beg Invty
1,098.65 1,066.94 1,213.96 Issued Raw Mats

Packaging
109,865.42 106,693.97 121,396.40 Required Production
1 1 1 Materials per unit (piece)
109,865.42 106,693.97 121,396.40 Production needs to be issued
21,973.08 21,338.79 24,279.28 %Desired ending inventory
131,838.50 128,032.76 145,675.68 Total
0 21,973.08 21,338.79 Raw Mats Beg
131,838.50 106,059.68 124,336.89 Total Purchases
0.009 0.009 0.009 Cost per piece
1,186.55 954.54 1,119.03 Cost of Purchases
197.76 192.05 218.51 Cost of Ending Invty
- 197.76 192.05 Cost of Beg Invty
 988.79 960.25 1,092.57 Issued Raw Mats

Adhesive (Indirect Material)

109,865.42 106,693.97 121,396.40 Required Production
1 1 1 Materials per unit (ml)
109,865.42 106,693.97 121,396.40 Production needs to be issued
21,973.08 21,338.79 24,279.28 %Desired ending inventory
131,838.50 128,032.76 145,675.68 Total
0 21,973.08 21,338.79 Raw Mats Beg
131,838.50 106,059.68 124,336.89 Total Purchases
0.46 0.46 0.46 Cost per piece
59,986.52 48,257.15 56,573.28 Cost of Purchases
9,997.75 9,709.15 11,047.07 Cost of Ending Invty
- 9,997.75 9,709.15 Cost of Beg Invty
49,988.77 48,545.76 55,235.36 Issued Raw Mats

SUMMARY
2022 2023 2024 Raw Materials
153,744.79 123,684.87 144,999.41 Total Cost of Purchases
25,624.61 24,884.91 28,314.05 Desired Ending Inventory
- 25,624.61 24,884.91 Beg Inventory
128,123.05 124,424.57 141,570.27 Issued Raw Mats

DR CR 2022 ENTRIES
T MATERIALS 93,758.27
CT MATERIALS 59,986.52
AP 153,744.79

78,134.29
49,988.77
DIRECT MATERIALS 78,134.29
INDIRECT MATERIALS 49,988.77

DR CR 2023 ENTRIES
MATERIALS 75,427.72
CT MATERIALS 48,257.15
AP 123,684.87
 75,878.81
48,545.76
DIRECT MATERIALS 75,878.81
INDIRECT MATERIALS 48,545.76 2024

248,109.44 248,109.44

DR CR ENTRIES
MATERIALS 88,426.13
CT MATERIALS 56,573.28
AP 144,999.41

86,334.91
55,235.36
DIRECT MATERIALS 86,334.91
INDIRECT MATERIALS 55,235.36

286,569.69 286,569.69

DR CR
 73,663.75
73,663.75

83,866.18
83,866.18

95,481.65
95,481.65
253,011.57 253,011.57

2022 Rent Expense -FOH

Rent Expense - S&A

uilding is 82,000 motnhly for which 2023 Rent Expense FOH

ated to the factory while the 40% is allocated RentExpense-S&A
ling departments

2024 Rent Expense - FOH

Rent Expense - S&A

*** It also expected that it will grow by 13.78% compounded annually

*** It also expected that it will grow by 13.78% compounded annually

*** It also expected that it will grow by 13.78% compounded annually

2022 Office Supplies

FOH Supplies
Cash
2024
18,882 Office Supplies Expense
96,297 FOH expenses
19,259 Office Supplies
95,919 FOH Supplies

2023 Office Supplies

FOH Supplies
r stationery industry Cash

Office Supplies Expense

FOH expenses
2024 Office Supplies
2,543 FOH Supplies
12,970
2,594 2024 Office Supplies
12,920 FOH Supplies
Cash

Office Supplies Expense

r stationery industry FOH expenses
Office Supplies
FOH Supplies

Dr
2022 Dep - FOH 68,497
Dep-S&A 69,011
Accum Dep

2023 Dep -FOH 68,497

Dep- S& A 69,011
Accum Dep

2024 Dep -FOH 68,497

Dep S&A 69,011
Accum Dep
412,524

DR
 2022 Dep-S&A 18,776.40
Accum Dep

2023 Dep S&A 18,776.40

Accum Dep

2024 Dep S&A 18,776.40

Acccum Dep

2022 Maintenance - FOH 8,159

Maintenamce - S&A 8,446
Cash 16,605

2023 Maintenance - FOH 8,159

Maintenamce - S&A 8,446
Cash 16,605

2024 Maintenance - FOH 8,159

Maintenamce - S&A 8,446
Cash 16,605

DR CR

28,819.00
28,819.00

11,219.00
11,219.00
 11,219.00
11,219.00

Less:
SSS Philhealth Pag-ibig Withholding Total

10,800.00 7,920.00 7,920.00 45,500.00 422,860.00

10,800.00 6,336.00 6,336.00 23,920.00 348,608.00

10,800.00 5,280.00 5,280.00 11,600.00 297,040.00

10,800.00 6,336.00 6,336.00 23,920.00 348,608.00

10,800.00 5,280.00 5,280.00 11,600.00 297,040.00
10,800.00 5,280.00 5,280.00 11,600.00 297,040.00

10,800.00 6,336.00 6,336.00 23,920.00 348,608.00

 10,800.00 5,280.00 5,280.00 11,600.00 297,040.00
6,480.00 2,904.00 2,904.00 0 169,212.00
6,480.00 2,904.00 2,904.00 0 169,212.00
99,360.00 53,856.00 53,856.00 163,660.00 2,995,268.00

Less:

SSS Philhealth Pag-ibig Withholding Total

10,800.00 8,910.00 7,920.00 34,900.00 432,470.00

10,800.00 7,128.00 6,336.00 17,940.00 353,796.00

10,800.00 5,940.00 5,280.00 8,700.00 299,280.00

10,800.00 7,128.00 6,336.00 17,940.00 353,796.00

10,800.00 5,940.00 5,280.00 8,700.00 299,280.00
10,800.00 5,940.00 5,280.00 8,700.00 299,280.00

10,800.00 7,128.00 6,336.00 17,940.00 353,796.00

10,800.00 5,940.00 5,280.00 8,700.00 299,280.00

6,480.00 3,267.00 2,904.00 0 168,849.00
6,480.00 3,267.00 2,904.00 0 168,849.00
99,360.00 60,588.00 53,856.00 123,520.00 3,028,676.00

Less:

SSS Philhealth Pag-ibig Withholding Total

10,800.00 9,900.00 7,920.00 34,900.00 431,480.00

10,800.00 7,920.00 6,336.00 17,940.00 353,004.00

10,800.00 6,600.00 5,280.00 8,700.00 298,620.00

10,800.00 7,920.00 6,336.00 17,940.00 353,004.00

10,800.00 6,600.00 5,280.00 8,700.00 298,620.00
10,800.00 6,600.00 5,280.00 8,700.00 298,620.00
10,800.00 7,920.00 6,336.00 17,940.00 353,004.00

10,800.00 6,600.00 5,280.00 8,700.00 298,620.00

6,480.00 3,630.00 2,904.00 0 168,486.00
6,480.00 3,630.00 2,904.00 0 168,486.00
99,360.00 67,320.00 53,856.00 123,520.00 3,021,944.00
Less:
SSS Philhealth Pag-ibig Withholding Total
10,800.00 6,336.00 6,336.00 23,920.00 348,608.00
10,800.00 5,280.00 5,280.00 11,600.00 297,040.00
10,800.00 5,280.00 5,280.00 11,600.00 297,040.00
32,400.00 16,896.00 16,896.00 47,120.00 942,688.00
6,480.00 2,904.00 2,904.00 0.00 169,212.00
6,480.00 2,904.00 2,904.00 0.00 169,212.00
6,480.00 2,904.00 2,904.00 0.00 169,212.00
6,480.00 2,904.00 2,904.00 0.00 169,212.00
6,480.00 2,904.00 2,904.00 0.00 169,212.00
32,400.00 14,520.00 14,520.00 0.00 846,060.00

Less:
SSS Philhealth Pag-ibig Withholding Total
10,800.00 7,128.00 6,336.00 17,940.00 353,796.00
10,800.00 5,940.00 5,280.00 8,700.00 299,280.00
10,800.00 5,940.00 5,280.00 8,700.00 299,280.00
32,400.00 19,008.00 16,896.00 35,340.00 952,356.00
6,480.00 3,267.00 2,904.00 0.00 168,849.00
6,480.00 3,267.00 2,904.00 0.00 168,849.00
6,480.00 3,267.00 2,904.00 0.00 168,849.00
6,480.00 3,267.00 2,904.00 0.00 168,849.00
 6,480.00 3,267.00 2,904.00 0.00 168,849.00
32,400.00 16,335.00 14,520.00 0.00 844,245.00

Less:
SSS Philhealth Pag-ibig Withholding Total
10,800.00 7,920.00 6,336.00 17,940.00 353,004.00
10,800.00 6,600.00 5,280.00 8,700.00 298,620.00
10,800.00 6,600.00 5,280.00 8,700.00 298,620.00
32,400.00 21,120.00 16,896.00 35,340.00 950,244.00
6,480.00 3,630.00 2,904.00 0.00 168,486.00
6,480.00 3,630.00 2,904.00 0.00 168,486.00
6,480.00 3,630.00 2,904.00 0.00 168,486.00
6,480.00 3,630.00 2,904.00 0.00 168,486.00
6,480.00 3,630.00 2,904.00 0.00 168,486.00
32,400.00 18,150.00 14,520.00 0.00 842,430.00

SUMMARY OF JOURNAL ENTRIES EMPLOYE

2023

SUMMARY OF JOURNAL ENTRIES EMPLOYE

2023

SUMMARY OF JOURNAL ENTRIES EMPLOYE

2024
 DR CR

131,158.58
E TAX PAYABLE 131,158.58

336,622.01
E TAX PAYABLE 336,622.01

354,943.49
E TAX PAYABLE 354,943.49
 2022 2023 2024
20,825.46 23,695.20 26,960.40
4,165.09 4,739.04 5,392.08
24,990.55 28,434.25 32,352.49
- 4,165.09 4,739.04
24,990.55 24,269.15 27,613.44

pany's desired ending inventory is 20% of the projected sales in units for the year

Units per piece 2022 2023 2024

24,990.55 24,269.15 27,613.44
12 299,886.58 291,229.85 331,361.33
 Quantity Unit Cost/Unit Total Cost
1 piece 0.02 0.02
5 piece 0.08 0.40
1 piece 0.27 0.27
1 piece 0.01 0.01
1 piece 0.01 0.01
0.71
12.00
ect Materials 8.53
Attributable per Required
Wages Total
Pack Production
45% 445,350.29 24,990.55 17.82
uring Overhead 990,081.42 24,990.55 39.62
 65.97
165%
174.83

Quantity Unit Cost/Unit Total Cost

1 piece 0.02 0.02
5 piece 0.08 0.40
1 piece 0.27 0.27
1 piece 0.01 0.01
1 piece 0.01 0.01
0.71
12.00
ect Materials 8.53
Attributable per Required
Cost Total
Piece Production
45% 446,160.43 24,269.15 18.38
uring Overhead 993,888.66 24,269.15 40.95
67.87
165%
179.86

Quantity Unit Cost/Unit Total Cost

1 piece 0.02 0.02
5 piece 0.08 0.40
1 piece 0.27 0.27
1 piece 0.01 0.01
1 piece 0.01 0.01
0.71
12.00
ect Materials 8.53
Attributable per Required
Cost Total
Piece Production
45% 446,970.57 27,613.44 16.19
uring Overhead 1,019,299.44 27,613.44 36.91
61.63
165%
 163.33

RAW MATERIALS SCHEDULE

2022 2023 2024 PER BOX

72,805.15 82,837.70 94,252.74 Projected sales in
14,561.03 16,567.54 18,850.55 Desired end inven
87,366.19 99,405.25 113,103.29 Total needs
- 14,561.03 16,567.54 Beg., inventory
87,366.19 84,844.22 96,535.75 Required Produc
3 3 3 #Pencils
262,098.56 254,532.65 289,607.24 Total needs

PER PACK (3 PIECES)

2022 2023 2024 Old news paper
Production 262,098.56 254,532.65 289,607.24 Required Production
per unit (piece) 1 1 1 Materials per unit (piece)
on needs to be issued 262,098.56 254,532.65 289,607.24 Production needs to be issue
d ending inventory 52,419.71 50,906.53 57,921.45 %Desired ending inventory
314,518.27 305,439.17 347,528.69 Total
0 52,419.71 50,906.53 Raw Mats Beg
314,360.27 253,019.46 296,622.16 Total Purchases
0.01818181818182 0.01818181818182 0.0181818181818 Cost per piece
5,715.64 4,600.35 5,393.13 Cost of Purchases
nding Inventory 953.09 925.57 1,053.12 Cost of Ending Inventory
Beg Raw Mats - 953.09 925.57 Cost of Beg Raw Mats
4,765.43 4,627.87 5,265.59 Issued Raw Mats

2022 2023 2024 Seedlings

Production 262,098.56 254,532.65 289,607.24 Required Production
per unit (piece) 5 5 5 Materials per unit (piece)
on needs to be issued 1,310,492.78 1,272,663.23 1,448,036.22 Production needs to be issue
d ending inventory 262,098.56 254,532.65 289,607.24 %Desired ending inventory
1,572,591.34 1,527,195.87 1,737,643.46 Total
0 262,098.56 254,532.65 Raw Mats Beg
1,572,591.34 1,265,097.31 1,483,110.82 Total Purchases
0.08 0.08 0.08 Cost per piece
125,807.31 101,207.79 118,648.87 Cost of Purchases
nding Invty 20,967.88 20,362.61 23,168.58 Cost of Ending Invty
- 20,967.88 20,362.61 Cost of Beg Invty
104,839.42 101,813.06 115,842.90 Issued Raw Mats

Gelatine Capsule
Production 262,098.56 254,532.65 289,607.24 Required Production
per unit (piece) 1 1 1 Materials per unit (piece)
on needs to be issued 262,098.56 254,532.65 289,607.24 Production needs to be issue
d ending inventory 52,419.71 50,906.53 57,921.45 %Desired ending inventory
314,518.27 305,439.17 347,528.69 Total
0 52,419.71 50,906.53 Raw Mats Beg
314,518.27 253,019.46 296,622.16 Total Purchases
0.274 0.274 0.274 Cost per piece
86,178.01 69,327.33 81,274.47 Cost of Purchases
nding Invty 14,363.00 13,948.39 15,870.48 Cost of Ending Invty
- 14,363.00 13,948.39 Cost of Beg Invty
71,815.00 69,741.94 79,352.38 Issued Raw Mats

Lead
Production 262,098.56 254,532.65 289,607.24 Required Production
per unit (piece) 1 1 1 Materials per unit (piece)
on needs to be issued 262,098.56 254,532.65 289,607.24 Production needs to be issue
d ending inventory 52,419.71 50,906.53 57,921.45 %Desired ending inventory
314,518.27 305,439.17 347,528.69 Total
0 52,419.71 50,906.53 Raw Mats Beg
314,518.27 253,019.46 296,622.16 Total Purchases
0.01 0.01 0.01 Cost per piece
3,145.18 2,530.19 2,966.22 Cost of Purchases
nding Invty 524.20 509.07 579.21 Cost of Ending Invty
- 524.20 509.07 Cost of Beg Invty
2,620.99 2,545.33 2,896.07 Issued Raw Mats

Packaging
Production 262,098.56 254,532.65 289,607.24 Required Production
per unit (piece) 1 1 1 Materials per unit (piece)
on needs to be issued 262,098.56 254,532.65 289,607.24 Production needs to be issue
d ending inventory 52,419.71 50,906.53 57,921.45 %Desired ending inventory
314,518.27 305,439.17 347,528.69 Total
0 52,419.71 50,906.53 Raw Mats Beg
314,518.27 253,019.46 296,622.16 Total Purchases
0.009 0.009 0.009 Cost per piece
2,830.66 2,277.18 2,669.60 Cost of Purchases
nding Invty 471.78 458.16 521.29 Cost of Ending Invty
- 471.78 458.16 Cost of Beg Invty
 2,358.89 2,290.79 2,606.47 Issued Raw Mats

(Indirect Material) Adhesive (Indirect Material)

Production 262,098.56 254,532.65 289,607.24 Required Production
per unit (ml) 1 1 1 Materials per unit (ml)
on needs to be issued 262,098.56 254,532.65 289,607.24 Production needs to be issue
d ending inventory 52,419.71 50,906.53 57,921.45 %Desired ending inventory
314,518.27 305,439.17 347,528.69 Total
0 52,419.71 50,906.53 Raw Mats Beg
314,518.27 253,019.46 296,622.16 Total Purchases
0.46 0.46 0.46 Cost per piece
143,105.81 115,123.86 134,963.08 Cost of Purchases
nding Invty 23,850.97 23,162.47 26,354.26 Cost of Ending Invty
- 23,850.97 23,162.47 Cost of Beg Invty
119,254.84 115,812.35 131,771.30 Issued Raw Mats

SUMMARY
2022 2023 2024 Raw Materials
t of Purchases 366,782.61 295,066.70 345,915.37 Total Cost of Purchases
nding Inventory 61,130.91 59,366.27 67,546.94 Desired Ending Inventory
- 61,130.91 59,366.27 Beg Inventory
305,654.57 296,831.34 337,734.70 Issued Raw Mats

DR CR 2022 ENTRIES
DIRECT MATERIALS 223,676.80
INDIRECT MATERIALS 143,105.81
AP 366,782.61

WIP 186,399.73
FOH 119,254.84
DIRECT MATERIALS 186,399.73
INDIRECT MATERIALS 119,254.84

672,437.18 672,437.18

DR CR
DIRECT MATERIALS 179,942.84 ENTRIES
INDIRECT MATERIALS 115,123.86 2023
AP 295,066.70
WIP 181,018.99
FOH 115,812.35
DIRECT MATERIALS 181,018.99
INDIRECT MATERIALS 115,812.35

591,898.04 591,898.04

2024
DR CR ENTRIES
DIRECT MATERIALS 210,952.29
INDIRECT MATERIALS 134,963.08
AP 345,915.37

WIP 205,963.41
FOH 131,771.30
DIRECT MATERIALS 205,963.41
INDIRECT MATERIALS 131,771.30

683,650.08 683,650.08
 DR CR
590,400.00
393,600.00

Cash 984,000.00

590,400.00
393,600.00
Cash 984,000.00

590,400.00
393,600.00
Cash 984,000.00
2,952,000.00 2,952,000.00
Dr Cr

82,975
11,176
94,151

66,380.0
8,940.8
66,380.0
8,940.8

94,409
12,716
 107,125

92,122.2
12,408.0
92,122.2
12,408.0

96,297
12,970
109,268

95,919.5
12,919.5
95,919.5
12,919.5

599,234 599,234

Cr

137,508

137,508

137,508
412,524

Cr
18,776.40

18,776.40

18,776.40
SUMMARY OF JOURNAL ENTRIES SALARIES DR

2022 Salaries -S&A 3,366,000.00

SSS payable
Philhealth payable
Pag-ibig payable
Witholding Taxes Payable
Salaries Payable

SUMMARY OF JOURNAL ENTRIES SALARIES DR

2023 Salaries -S&A 3,366,000.00

SSS payable
Philhealth payable
Pag-ibig payable
Witholding Taxes Payable
Salaries Payable

SUMMARY OF JOURNAL ENTRIES SALARIES DR

2024 Salaries -S&A 3,366,000.00

SSS payable
Philhealth payable
Pag-ibig payable

Witholding Taxes Payable

Salaries Payable
2022 ENTRIES FOR EMPLOYEE BENEFIT EXPENSE
DR
Employee Benefits Exp -S&A 295,392.00
SSS payable
Philhealth Payable
Pag-ibig payable

2023 ENTRIES FOR EMPLOYEE BENEFIT EXPENSE

DR

Employee Benefits Exp -S&A 302,124.00

SSS payable
Philhealth Payable

Pag-ibig payable

2024 ENTRIES FOR EMPLOYEE BENEFIT EXPENSE

DR
Employee Benefits Exp -S&A 308,856.00
SSS payable
Philhealth Payable
Pag-ibig payable
SUMMARY OF JOURNAL ENTRIES WAGES

2022 WIP
MOH
SSS Payable
Philhealth payable
PAG-IBIG payable
Withholding payable
Salaries Payable

SUMMARY OF JOURNAL ENTRIES WAGES

2023 WIP
MOH
SSS Payable
Philhealth payable
PAG-IBIG payable
Withholding payable
Salaries Payable
 SUMMARY OF JOURNAL ENTRIES WAGES

2023 WIP
MOH
SSS Payable
Philhealth payable
PAG-IBIG payable
Withholding payable
Salaries Payable

RY OF JOURNAL ENTRIES EMPLOYEE BENEFITS EXPENSE DR CR

WIP 90,240.00
MOH 94,992.00
SSS Payable 122,400.00
Philhealth payable 31,416.00
PAG-IBIG payable 31,416.00
185,232.00 185,232.00

RY OF JOURNAL ENTRIES EMPLOYEE BENEFITS EXPENSE DR CR

WIP 92,055.00
MOH 97,104.00
SSS Payable 122,400.00
Philhealth payable 35,343.00
PAG-IBIG payable 31,416.00
189,159.00 189,159.00

RY OF JOURNAL ENTRIES EMPLOYEE BENEFITS EXPENSE DR CR

WIP 93,870.00
MOH 99,216.00
SSS Payable 122,400.00
Philhealth payable 39,270.00
PAG-IBIG payable 31,416.00
193,086.00 193,086.00
 2022 2023 2024
20,825.46 23,695.20 26,960.40
4,165.09 4,739.04 5,392.08
24,990.55 28,434.25 32,352.49
- 4,165.09 4,739.04
24,990.55 24,269.15 27,613.44
12 12 12
299,886.58 291,229.85 331,361.33

PER BOX (12 PIECES)

2022 2023 2024
ired Production 299,886.58 291,229.85 331,361.33
rials per unit (piece) 1 1 1
uction needs to be issued 299,886.58 291,229.85 331,361.33
sired ending inventory 59,977.32 58,245.97 66,272.27
359,863.90 349,475.83 397,633.59
0 59,977.32 58,245.97
Purchases 359,705.90 289,498.51 339,387.62
0.01818181818 0.018181818182 0.0181818181818
of Purchases 6,540.11 5,263.61 6,170.68
of Ending Inventory 1,090.50 1,059.02 1,204.95
of Beg Raw Mats - 1,090.50 1,059.02
d Raw Mats 5,452.48 5,295.09 6,024.75

2022 2023 2024

ired Production 299,886.58 291,229.85 331,361.33
rials per unit (piece) 5 5 5
uction needs to be issued 1,499,432.90 1,456,149.27 1,656,806.64
sired ending inventory 299,886.58 291,229.85 331,361.33
1,799,319.48 1,747,379.13 1,988,167.97
0 299,886.58 291,229.85
Purchases 1,799,319.48 1,447,492.55 1,696,938.12
0.08 0.08 0.08
of Purchases 143,945.56 115,799.40 135,755.05
of Ending Invty 23,990.93 23,298.39 26,508.91
of Beg Invty - 23,990.93 23,298.39
d Raw Mats 119,954.63 116,491.94 132,544.53

tine Capsule
ired Production 299,886.58 291,229.85 331,361.33
rials per unit (piece) 1 1 1
uction needs to be issued 299,886.58 291,229.85 331,361.33
sired ending inventory 59,977.32 58,245.97 66,272.27
359,863.90 349,475.83 397,633.59
0 59,977.32 58,245.97
Purchases 359,863.90 289,498.51 339,387.62
0.274 0.274 0.274
of Purchases 98,602.71 79,322.59 92,992.21
of Ending Invty 16,433.78 15,959.40 18,158.60
of Beg Invty - 16,433.78 15,959.40
d Raw Mats 82,168.92 79,796.98 90,793.00

ired Production 299,886.58 291,229.85 331,361.33

rials per unit (piece) 1 1 1
uction needs to be issued 299,886.58 291,229.85 331,361.33
sired ending inventory 59,977.32 58,245.97 66,272.27
359,863.90 349,475.83 397,633.59
0 59,977.32 58,245.97
Purchases 359,863.90 289,498.51 339,387.62
0.01 0.01 0.01
of Purchases 3,598.64 2,894.99 3,393.88
of Ending Invty 599.77 582.46 662.72
of Beg Invty - 599.77 582.46
d Raw Mats 2,998.87 2,912.30 3,313.61

ired Production 299,886.58 291,229.85 331,361.33

rials per unit (piece) 1 1 1
uction needs to be issued 299,886.58 291,229.85 331,361.33
sired ending inventory 59,977.32 58,245.97 66,272.27
359,863.90 349,475.83 397,633.59
0 59,977.32 58,245.97
Purchases 359,863.90 289,498.51 339,387.62
0.009 0.009 0.009
of Purchases 3,238.78 2,605.49 3,054.49
of Ending Invty 539.80 524.21 596.45
of Beg Invty - 539.80 524.21
d Raw Mats 2,698.98 2,621.07 2,982.25

sive (Indirect Material)

ired Production 299,886.58 291,229.85 331,361.33
rials per unit (ml) 1 1 1
uction needs to be issued 299,886.58 291,229.85 331,361.33
sired ending inventory 59,977.32 58,245.97 66,272.27
359,863.90 349,475.83 397,633.59
0 59,977.32 58,245.97
Purchases 359,863.90 289,498.51 339,387.62
0.46 0.46 0.46
of Purchases 163,738.07 131,721.82 154,421.37
of Ending Invty 27,289.68 26,501.92 30,153.88
of Beg Invty - 27,289.68 26,501.92
d Raw Mats 136,448.39 132,509.58 150,769.40

2022 2023 2024

Cost of Purchases 419,663.86 337,607.90 395,787.68
ed Ending Inventory 69,944.46 67,925.39 77,285.51
- 69,944.46 67,925.39
d Raw Mats 349,722.28 339,626.96 386,427.56

DR CR
DIRECT MATERIALS 255,925.79
INDIRECT MATERIALS 163,738.07
AP 419,663.86

WIP 213,273.88
FOH 136,448.39
DIRECT MATERIALS 213,273.88
INDIRECT MATERIALS 136,448.39

632,937.74 632,937.74

DR CR
DIRECT MATERIALS 205,886.08
INDIRECT MATERIALS 131,721.82
AP 337,607.90
WIP 207,117.38
FOH 132,509.58
DIRECT MATERIALS 207,117.38
INDIRECT MATERIALS 132,509.58

544,725.28 544,725.28

DR CR
DIRECT MATERIALS 241,366.31
INDIRECT MATERIALS 154,421.37
AP 395,787.68

WIP 235,658.15
FOH 150,769.40
DIRECT MATERIALS 235,658.15
INDIRECT MATERIALS 150,769.40

782,215.23 782,215.23
CR

99,360.00
53,856.00
53,856.00
163,660.00
2,995,268.00

CR

99,360.00
60,588.00
53,856.00
123,520.00
3,028,676.00

CR

99,360.00
67,320.00
53,856.00

123,520.00
3,021,944.00
CR

187,680.00
53,856.00
53,856.00

CR

187,680.00
60,588.00

53,856.00

CR

187,680.00
67,320.00
53,856.00
DR CR

907,500.00
1,056,000.00
64,800.00
31,416.00
31,416.00
47,120.00
1,788,748.00

1,963,500.00 1,963,500.00

DR CR

907,500.00
1,056,000.00
64,800.00
35,343.00
31,416.00
35,340.00
1,796,601.00
 1,963,500.00 1,963,500.00

DR CR

907,500.00
1,056,000.00
64,800.00
39,270.00
31,416.00
35,340.00
1,792,674.00

1,963,500.00 1,963,500.00
INVENTORIES

PER PIECE DIRECT MATERIALS

INDIRECT MATERIALS -FOH
ACCOUNTS PAYABLE

PER PACK DIRECT MATERIALS

INDIRECT MATERIALS -FOH
ACCOUNTS PAYABLE

PER BOX DIRECT MATERIALS

INDIRECT MATERIALS -FOH
ACCOUNTS PAYABLE

To records the purchased of raaw materials

PER PIECE WORK IN PROCESS

FOH
DIRECT MATERIALS
INDIRECT MATERIALS -FOH

PER PACK WORK IN PROCESS

FOH
DIRECT MATERIALS
INDIRECT MATERIALS -FOH

PER BOX WORK IN PROCESS

FOH
DIRECT MATERIALS
INDIRECT MATERIALS -FOH
To record the issuance of raw materials

WAGES WORK IN PROCESS

FOH
SSS PAYABLE
PHILHEALTH PAYABLE
PAG-IBIG PAYABLE
WITHOLDING PAYABLE
SALARIES PAYABLE
EMPLOYEE BENEFITS WORK IN PROCESS
FOH
SSS PAYABLE
PHILHEALTH PAYABLE
PAG-IBIG PAYABLE
To record the application of wages to WIP and FOH

MAINTENANCE FOH
MAINTENANCE -S&A
CASH
To record maintenance expense

DEPRECIATION FOH
DEP -S&A
ACCUM. DEP PPE
To record the dep allocated to FOH

SUPPLIES EXPENSE
SUP EXP-S&A
FOH
OFFICE SUPPLIES
FACTORY SUPPLIES
To record the suplies expenses

UTILITIES EXPENSE
FOH
Utilities Expense
UTILITIES PAYABLE
To record the utilities expenses

RENT EXPENSE
RENT EXPENSE -FOH
RENT EXPENSE -S&A
CASH
To record the rent expenses

WORK IN PROCESS
FOH
 Application of FOH to WIP

ALL PRODUCTS FINISHED GOODS

WORK IN PROCESS
To record the application of WIP to FG

ALL PRODUCTS COGS

FINISHED GOODS
To record the Cost of Goods Sold

ADVERTISING EXPENSE
ADVERTISING
CASH
To record the advertising expense

LEGAL EXPENSE
LEGAL EXPENSE
CASH
To record the legal expense

SALARIES
SALARIES EXPENSE
SSS PAYABLE
PHILHEALTH PAYABLE
PAG-IBIG PAYABLE
WITHHOLDING PAYABLE
SALARIES PAYABLE
to record the salaries expense

EMPLOYEE BENEFITS SALARIES EXPENSE

SSS PAYABLE
PHILHEALTH PAYABLE
PAG-IBIG PAYABLE

To record the employee benefits expense

BAD DEBT EXPENSE

ACCOUNTS RECEIVABLE
CASH
SALES
 CASH
AR

BAD DEBT EXPENSE

ALLOWANCE FOR DOUBTFUL
To record the bad debt expense

FURNITURE AND FIXTURES

DEP EXP -S&A

ACCUM DEP
To record the furnitures and fixtures

TRADEMARK
TRADEMARK
CASH

INCOME TAX EXPENSE

INCOME TAX EXPENSE
INCOME TAX PAYABLE

INCOME TAX PAYABLE

CASH
To record income tax expense and payment subsequent yr.

PPE ACQUISITION
PPE
CASH
To record the acquisition of PPE

FF ACQUISITION
FURNITURE AND FIXTURES
CASH
To record the acquisition of FF

ACCOUNTS PAYABLE
ACCOUNTS PAYABLE
CASH
To record the payment of accounts payable

OFFICE SUPPLIES
FACTORY SUPPLIES
 CASH
CAPITAL

CASH
CAPITAL

DISBURSEMENT
SALARIES PAYABLE
CASH

To record the disbursement of cash for salaries payable

SSS PREMIUM PAYABLE

CASH

PHILHEALTH PAYABLE
CASH

PAG-IBIG
CASH

WITHOLDING PAYABLE
CASH

UTILITIES PAYABLE
CASH
 2022
DR CR

1300 93,758.27
1310 59,986.52
2000 153,744.79

1300 223,676.80
1310 143,105.81
2000 366,782.61

1300 255,925.79
1310 163,738.07
2000 419,663.86

1320 78,134.29
1311 49,988.77
1300 78,134.29
1310 49,988.77

1320 186,399.73
1311 119,254.84
1300 186,399.73
1310 119,254.84

1320 213,273.88
1311 136,448.39
1300 213,273.88
1310 136,448.39

1320 907,500.00
1311 1,056,000.00
2100 64,800.00
2300 31,416.00
2200 31,416.00
2400 47,120.00
2500 1,788,748.00
1320 90,240.00
1311 94,992.00
2100 122,400.00
2300 31,416.00
2200 31,416.00

1311 8,159
5000 8,446
1000 16,605

1311 68,497
5200 69,011
1411 137,508

5300 66,380
1311 8,941
1340 66,380
1350 8,941

1311 85,447
5400 87,180
2010 172,627

1311 590,400
5100 393,600
1000 984,000

1320 2,218,128
1311 2,218,128
1330 3,693,675.66
1320 3,693,675.66

6000 3,078,063.05
1330 3,078,063.05

5600 73,663.75
1000 73,663.75

5700 28,819.00
1000 28,819.00

5800 3,366,000.00
2100 99,360.00
2300 53,856.00
2200 53,856.00
2400 163,660.00
2500 2,995,268.00

5800 295,392.00
2100 187,680.00
2300 53,856.00
2200 53,856.00

1200 818,203.43
1000 7,363,830.91
4000 8,182,034.34
1000 572,742.40
1200 572,742.40

5500 40,910.17
1201 40,910.17

5200 18,776.40
1401 18,776.40

1420 8,850.00
1000 8,850.00

5900 131,158.58
2600 131,158.58

2600
1000

1410 863,982.00
1000 863,982.00

1400 93,882.00
1000 93,882.00

2000 861841.993519574
1000 861841.993519574

1340 82,975.00
1350 11,176.00
1000 94,151.00

1000 8,800,000.00
3000 8,800,000.00

2500 4,784,016.00
1000 4,784,016.00

2100 434,720.00
1000 434,720.00

2300 156,332.00
1000 156,332.00

2200 156,332.00
1000 156,332.00

2400 193,215.00
1000 193,215.00

2010 158,241.60
1000 158,241.60

43,563,410.69 43,563,410.69
 2023 2024
DR CR DR

75,427.72 88,426.13
48,257.15 56,573.28
123,684.87

179,942.84 210,952.29
115,123.86 134,963.08
295,066.70

205,886.08 241,366.31
131,721.82 154,421.37
337,607.90

75,878.81 86,334.91
48,545.76 55,235.36
75,878.81
48,545.76

181,018.99 205,963.41
115,812.35 131,771.30
181,018.99
115,812.35

207,117.38 235,658.15
132,509.58 150,769.40
207,117.38
132,509.58

907,500.00 907,500.00
1,056,000.00 1,056,000.00
64,800.00
35,343.00
31,416.00
35,340.00
1,796,601.00
 92,055.00 93,870.00
97,104.00 99,216.00
122,400.00
35,343.00
31,416.00

8,158.96 8,158.96
8,445.96 8,445.96
16,604.92

68496.8 68496.8
69011.1 69011.1
137507.9

92,122.20 95,919.50
12,408.00 12,919.50
92,122.20
12,408.00

97,221.82 110,618.99
91,752.21 96,954.46
188,974.03

590,400.00 590,400.00
393,600.00 393,600.00
984,000.00

2,226,657 2,283,586
2,226,657
3,690,227.45 3,812,913
3,690,227.45

3,585,248.90 3,788,956.02
3,585,248.90

83,866.18 95,481.65
83,866.18

11,219.00 11,219.00
11,219.00

3,366,000.00 3,366,000.00
99,360.00
60,588.00
53,856.00
123,520.00
3,028,676.00

302,124.00 308,856.00
187,680.00
60,588.00
53,856.00

975,404.62 1,007,832.92
8,778,641.55 9,070,496.25
9,754,046.17
928,244.26 998,104.43
928,244.26

48,770.23 50,391.65
48,770.23

18,776.40 18,776.40
18,776.40

336,622.01 354,943.49
336,622.01

131,158.58 336,622.01
131,158.58

771,678.78 875,840.55
771,678.78

94,409.00 96,297.00
12,716.00 12,970.00
 107,125.00

4,825,277.00 4,814,618.00
4,825,277.00

474,240.00 474,240.00
474,240.00

190,085.50 211,403.50
190,085.50

170,544.00 170,544.00
170,544.00

163,186.67 158,860.00
163,186.67

187,611.79 206,023.50
187,611.79

36,474,227.58 36,474,227.58 37,888,521.69

2024
CR

144,999.41

345,915.37

395,787.68

86,334.91
55,235.36

205,963.41
131,771.30

235,658.15
150,769.40

64,800.00
39,270.00
31,416.00
35,340.00
1,792,674.00
122,400.00
39,270.00
31,416.00

16,604.92

137507.9

95,919.50
12,919.50

207,573.45

984,000.00

2,283,586
3,812,912.77

3,788,956.02

95,481.65

11,219.00

99,360.00
67,320.00
53,856.00
123,520.00
3,021,944.00

187,680.00
67,320.00
53,856.00

10,078,329.17
998,104.43

50,391.65

18,776.40

354,943.49

336,622.01

875,840.55
 109,268.00

4,814,618.00

474,240.00

211,403.50

170,544.00

158,860.00

206,023.50

37,888,522.69
 WASTESCAPE CO.
STATEMENT OF FINANCIAL PERFORMANCE
FOR THE YEARS ENDED DECEMBER 31, 2022 TO DECEMBER 31, 2024
Schedule
Total Sales
Less: Cost of Goods Sold
Gross Profit
Less: Selling and Administrative Expenses
Net Income/(Net Loss) before tax
Income Tax Expense
Net Income/ (Net Loss) after tax
FORMANCE
TO DECEMBER 31, 2024
2022 2023 2024
8,182,034.34 9,754,046.17 10,078,329.16
3,078,063.05 3,585,248.90 3,788,956.02
5,103,971.29 6,168,797.27 6,289,373.14
4,448,178.38 4,485,687.24 4,514,655.71
655,792.91 1,683,110.03 1,774,717.43
131,158.58 336,622.01 354,943.49
524,634.33 1,346,488.02 1,419,773.95
 ACCOUNT TITLE CHART OF ACCOUNTS CODE

ASSETS
Current Assets
Cash Regular 1000
Accounts Receiveble 1200
Allowance DA 1201
Direct Materials 1300
Indirect Materials 1310
FOH-control 1311
Work in Process 1320
Finished Goods Invty 1330
Office Supplies 1340
Factory Supplies 1350

Non-current Assets
Furniture and Fixture 1400
Acumm Dep FF 1401
PPE 1410
Accum Dep PPE 1411
Trademark 1420

LIABILITIES
Current Liabilities
Accounts Payable 2000
Utilities Payable 2010
SSS Payable 2100
Pag-Ibig Payable 2200
Philhealth Payable 2300
Witholding Taxes Payble 2400
Salaries Payable 2500
Income Tax Payable 2600

Partnership Capital 3000

REVENUES 4000

EXPENSES
Maintenance Expense 5000
Rent Expense 5100
Depreciation Expense 5200
Supplies Expense 5300
Utilities Expense 5400
Bad Debt Expense 5500
Advertising Expense 5600
Legal Expense 5700
Salaries Expense 5800
Income Tax Expense 5900
COGS 6000

SUB-TOTAL
NET INCOME
TOTAL
 PENCIL OF LIFE COMPANY
WORKING TRIAL BALANCE
DECEMBER 31, 2022
ADJUSTED TRIAL BALANCE
DR CR DR CR

16,736,573.31 8,908,651.26 7,827,922.05

818,203.43 572,742.40 245,461.03
- 40,910.17 40,910.17
573,360.86 477,807.90 95,552.96
366,830.40 305,692.00 61,138.40
2,218,127.76 2,218,127.76
3,693,675.66 3,693,675.66
3,693,675.66 3,078,063.05 615,612.61
82,975.00 66,380.00 16,595.00
11,176.00 8,940.80 2,235.20

- - -
93,882.00 - 93,882.00
- 18,776.40 18,776.40
863,982.00 - 863,982.00
- 137,507.90 137,507.90
8,850.00 - 8,850.00
- -
- -

861,841.99 940,191.26 78,349.27

158,241.60 172,627.20 14,385.60
434,720.00 474,240.00 39,520.00
156,332.00 170,544.00 14,212.00
156,332.00 170,544.00 14,212.00
193,215.00 210,780.00 17,565.00
4,784,016.00 4,784,016.00 -
- 131,158.58 131,158.58
- -
- 8,800,000.00 8,800,000.00
- -
- 8,182,034.34 8,182,034.34

- -
 8,445.96 - 8,445.96
393,600.00 - 393,600.00
87,787.50 - 87,787.50
66,380.00 - 66,380.00
87,180.00 - 87,180.00
40,910.17 - 40,910.17
73,663.75 - 73,663.75
28,819.00 - 28,819.00
3,661,392.00 - 3,661,392.00
131,158.58 - 131,158.58
3,078,063.05 3,078,063.05

43,563,410.69 43,563,410.69 17,488,631.26 17,488,631.26

STATEMENT OF FINANCIAL PERFORMANCE STATEMENT OF FINANCIAL POSITION
DR CR DR

7,827,922.05
245,461.03

95,552.96
61,138.40

615,612.61
16,595.00
2,235.20

93,882.00

863,982.00

8,850.00

8,182,034.34
 8,445.96
393,600.00
87,787.50
66,380.00
87,180.00
40,910.17
73,663.75
28,819.00
3,661,392.00
131,158.58
3,078,063.05

7,657,400.02 8,182,034.34 9,831,231.25

524,634.32
8,182,034.34 8,182,034.34 9,831,231.25
T OF FINANCIAL POSITION
CR ACCOUNT TITLE

ASSETS
Current Assets
Cash Regular
Accounts Receiveble
40,910.17 Allowance DA
Direct Materials
Indirect Materials
FOH-control
Work in Process
Finished Goods Invty
Office Supplies
Factory Supplies

Non-current Assets
Furniture and Fixture
18,776.40 Acumm Dep FF
PPE
137,507.90 Accum Dep PPE
Trademark

LIABILITIES
Current Liabilities
78,349.27 Accounts Payable
14,385.60 Utilities Payable
39,520.00 SSS Payable
14,212.00 Pag-Ibig Payable
14,212.00 Philhealth Payable
17,565.00 Witholding Taxes Payble
Salaries Payable
131,158.58 Income Tax Payable

8,800,000.00 Partnership Capital

REVENUES

EXPENSES
 Maintenance Expense
Rent Expense
Depreciation Expense
Supplies Expense
Utilities Expense
Bad Debt Expense
Advertising Expense
Legal Expense
Salaries Expense
Income Tax Expense
COGS

9,306,596.92 SUB-TOTAL
524,634.32 NET INCOME
9,831,231.25 TOTAL
 TRIAL BALANCE 2022
CHART OF ACCOUNTS CODE

1000 7,827,922.05
1200 245,461.03
1201 40,910.17
1300 95,552.96
1310 61,138.40
1311
1320
1330 615,612.61
1340 16,595.00
1350 2,235.20

1400 93,882.00
1401 18,776.40
1410 863,982.00
1411 137,507.90
1420 8,850.00

2000 78,349.27
2010 14,385.60
2100 39,520.00
2200 14,212.00
2300 14,212.00
2400 17,565.00
2500
2600 131,158.58

3000 9,324,634.32

4000
5000
5100
5200
5300
5400
5500
5600
5700
5800
5900
6000

9,831,231.25 9,831,231.25
 PENCIL OF LIFE COMPANY
WORKING TRIAL BALANCE
DECEMBER 31, 2023
CHANGES 2023 ADJUSTED TRIAL BALANCE
DR CR DR CR

9,706,885.81 8,116,597.43 9,418,210.43

975,404.62 928,244.26 292,621.39
48,770.23 89,680.40
461,256.64 464,015.18 92,794.42
295,102.83 296,867.69 59,373.54
2,226,657.27 2,226,657.27
3,690,227.45 3,690,227.45
3,690,227.45 3,585,248.90 720,591.16
94,409.00 92,122.20 18,881.80
12,716.00 12,408.00 2,543.20

93,882.00
18,776.40 37,552.80
863,982.00
137,507.90 275,015.80
8,850.00

771,678.78 756,359.47 63,029.96

187,611.79 188,974.03 15,747.84
474,240.00 474,240.00 39,520.00
170,544.00 170,544.00 14,212.00
190,085.50 191,862.00 15,988.50
163,186.67 158,860.00 13,238.33
4,825,277.00 4,825,277.00
131,158.58 336,622.01 336,622.01

9,324,634.32

9,754,046.17 9,754,046.17
 8,445.96 8,445.96
393,600.00 393,600.00
87,787.50 87,787.50
92,122.20 92,122.20
91,752.21 91,752.21
48,770.23 48,770.23
83,866.18 83,866.18
11,219.00 11,219.00
3,668,124.00 3,668,124.00
336,622.01 336,622.01
3,585,248.90 3,585,248.90

36,474,227.58 36,474,227.58 19,979,288.13 19,979,288.13

-
STATEMENT OF FINANCIAL PERFORMANCE STATEMENT OF FINANCIAL POSITION
DR CR DR

9,418,210.43
292,621.39

92,794.42
59,373.54

720,591.16
18,881.80
2,543.20

93,882.00

863,982.00

8,850.00

9,754,046.17
 8,445.96
393,600.00
87,787.50
92,122.20
91,752.21
48,770.23
83,866.18
11,219.00
3,668,124.00
336,622.01
3,585,248.90

8,407,558.19 9,754,046.17 11,571,729.94

1,346,488
9,754,046.17 9,754,046.17 11,571,729.94
EMENT OF FINANCIAL POSITION
CR ACCOUNT TITLE

ASSETS
Current Assets
Cash Regular
Accounts Receiveble
89,680.40 Allowance DA
Direct Materials
Indirect Materials
FOH-control
Work in Process
Finished Goods Invty
Office Supplies
Factory Supplies

Non-current Assets
Furniture and Fixture
37,552.80 Acumm Dep FF
PPE
275,015.80 Accum Dep PPE
Trademark

LIABILITIES
Current Liabilities
63,029.96 Accounts Payable
15,747.84 Utilities Payable
39,520.00 SSS Payable
14,212.00 Pag-Ibig Payable
15,988.50 Philhealth Payable
13,238.33 Witholding Taxes Payble
Salaries Payable
336,622.01 Income Tax Payable

9,324,634.32 Partnership Capital

REVENUES

EXPENSES
 Maintenance Expense
Rent Expense
Depreciation Expense
Supplies Expense
Utilities Expense
Bad Debt Expense
Advertising Expense
Legal Expense
Salaries Expense
Income Tax Expense
COGS

10,225,241.96 SUB-TOTAL
1,346,488 NET INCOME
11,571,729.94 TOTAL
 PENCIL O
WORKING
DECEM
TRIAL BALANCE 2023
CHART OF ACCOUNTS CODE

1000 9,418,210.43
1200 292,621.39
1201 89,680.40
1300 92,794.42
1310 59,373.54
1311
1320
1330 720,591.16
1340 18,881.80
1350 2,543.20

1400 93,882.00
1401 37,552.80
1410 863,982.00
1411 275,015.80
1420 8,850.00

2000 63,029.96
2010 15,747.84
2100 39,520.00
2200 14,212.00
2300 15,988.50
2400 13,238.33
2500
2600 336,622.01

3000 10,671,122.31

4000
5000
5100
5200
5300
5400
5500
5600
5700
5800
5900
6000

11,571,729.94 11,571,729.94
 PENCIL OF LIFE COMPANY
WORKING TRIAL BALANCE
DECEMBER 31, 2024
CHANGES 2023 ADJUSTED TRIAL BALANCE
DR CR DR CR

10,068,600.68 8,464,725.12 11,022,085.99

1,007,832.92 998,104.43 302,349.88
50,391.65 140,072.05
540,744.73 527,956.47 105,582.69
345,957.73 337,776.06 67,555.22
2,283,586.31 2,283,586.31
3,812,912.77 3,812,912.77
3,812,912.77 3,788,956.02 744,547.91
96,297.00 95,919.50 19,259.30
12,970.00 12,919.50 2,593.70

93,882.00
18,776.40 56,329.20
863,982.00
137,507.90 412,523.70
8,850.00

875,840.55 886,702.46 73,891.87

206,023.50 207,573.45 17,297.79
474,240.00 474,240.00 39,520.00
170,544.00 170,544.00 14,212.00
211,403.50 213,180.00 17,765.00
158,860.00 158,860.00 13,238.33
4,814,618.00 4,814,618.00
336,622.01 354,943.49 354,943.49

10,671,122.31

10,078,329.17 10,078,329.17
-
-
 8,445.96 - 8,445.96
393,600.00 - 393,600.00
87,787.50 - 87,787.50
95,919.50 - 95,919.50
96,954.46 - 96,954.46
50,391.65 - 50,391.65
95,481.65 - 95,481.65
11,219.00 - 11,219.00
3,674,856.00 - 3,674,856.00
354,943.49 - 354,943.49
3,788,956.02 - 3,788,956.02
- -

37,888,521.69 37,888,522.69 21,889,243.91 21,889,244.91

STATEMENT OF FINANCIAL PERFORMANCE STATEMENT OF FINANCIAL POSITION
DR CR DR CR

11,022,085.99
302,349.88
140,072.05
105,582.69
67,555.22

744,547.91
19,259.30
2,593.70

93,882.00
56,329.20
863,982.00
412,523.70
8,850.00

73,891.87
17,297.79
39,520.00
14,212.00
17,765.00
13,238.33

354,943.49

10,671,122.31

10,078,329.17
 8,445.96
393,600.00
87,787.50
95,919.50
96,954.46
50,391.65
95,481.65
11,219.00
3,674,856.00
354,943.49
3,788,956.02

8,658,555.23 10,078,329.17 13,230,688.68 11,810,915.74

1,419,773.94 1,419,773.94
10,078,329.17 10,078,329.17 13,230,688.68 13,230,689.68
NOTE 1: CASH

NOTE 2: ACCOUNTS RECEIVABLE

Accounts Receivable, Beginning

2022 Sales on Account 818,203.43

2023 Sales on Account 975,404.62
2024 Sales on Account 1,007,832.92
Total Cash Collections

Accounts Receivable, Ending

Less: Allowance for Doubtful Accounts
Accounts Receivable, Net

ALLOWANCE FOR DOUBTFUL ACCOUNTS

Beginning Balance
Allowance for doubtful accounts
Total

NOTE 3: SALARIES AND WAGES PAYABLE

2022 2023
Salaries Payable 4,784,016.00 4,825,277.00
Salaries Paid 4,784,016.00 4,825,277.00
TOTAL - -

2022 202
199,334.00

January 199,334.00 199,334.00 January January

199,334.00 199,334.00
February 199,334.00 199,334.00 February February
199,334.00 199,334.00
March 199,334.00 199,334.00 March March
199,334.00 199,334.00
April 199,334.00 199,334.00 April April
199,334.00 199,334.00
 May 199,334.00 199,334.00 May May
199,334.00 199,334.00
June 199,334.00 199,334.00 June June
199,334.00 199,334.00
July 199,334.00 199,334.00 July July
199,334.00 199,334.00
August 199,334.00 199,334.00 August August
199,334.00 199,334.00
September 199,334.00 199,334.00 September September
199,334.00 199,334.00
October 199,334.00 199,334.00 October October
199,334.00 199,334.00
November 199,334.00 199,334.00 November November
199,334.00 199,334.00
December 199,334.00 199,334.00 December December
199,334.00 199,334.00
4,784,016.00 4,784,016.00
-

NOTE 3: SSS PREMIUMS PAYABLE

2022 202
12,920.00

- Beginning January
12,920.00
February 25,840.00 12,920.00 January February
12,920.00
March 25,840.00 12,920.00 February March
12,920.00
April 25,840.00 12,920.00 March April
12,920.00
May 25,840.00 12,920.00 April May
12,920.00
June 25,840.00 12,920.00 May June
12,920.00
July 25,840.00 12,920.00 June July
12,920.00
August 25,840.00 12,920.00 July August
12,920.00
September 25,840.00 12,920.00 August September
12,920.00
October 25,840.00 12,920.00 September October
12,920.00
 November 25,840.00 12,920.00 October November
12,920.00
December 25,840.00 12,920.00 November December
12,920.00
12,920.00 December
284,240.00 310,080.00
25,840.00

Selling and admin

2022 202
4,140.00

- Beginning January
4,140.00
February 8,280.00 4,140.00 January February
4,140.00
March 8,280.00 4,140.00 February March
4,140.00
April 8,280.00 4,140.00 March April
4,140.00
May 8,280.00 4,140.00 April May
4,140.00
June 8,280.00 4,140.00 May June
4,140.00
July 8,280.00 4,140.00 June July
4,140.00
August 8,280.00 4,140.00 July August
4,140.00
September 8,280.00 4,140.00 August September
4,140.00
October 8,280.00 4,140.00 September October
4,140.00
November 8,280.00 4,140.00 October November
4,140.00
December 8,280.00 4,140.00 November December
4,140.00
4,140.00 December
91,080.00 99,360.00
8,280.00

Factory

2022 202
2,700.00
 - Beginning January
2,700.00
February 5,400.00 2,700.00 January February
2,700.00
March 5,400.00 2,700.00 February March
2,700.00
April 5,400.00 2,700.00 March April
2,700.00
May 5,400.00 2,700.00 April May
2,700.00
June 5,400.00 2,700.00 May June
2,700.00
July 5,400.00 2,700.00 June July
2,700.00
August 5,400.00 2,700.00 July August
2,700.00
September 5,400.00 2,700.00 August September
2,700.00
October 5,400.00 2,700.00 September October
2,700.00
November 5,400.00 2,700.00 October November
2,700.00
December 5,400.00 2,700.00 November December
2,700.00
2,700.00 December
59,400.00 64,800.00
5,400.00

Cash Disbursement
SSS Premium Payable

NOTE 3: ACCOUNTS PAYABLE

Accounts Payable, Beginning 2022

Purchases 2022 940,191.26 861,841.99

Purchases 2023 756,359.47
Purchases 2024 886,702.46
Total Disbursement 861,841.99

Accounts Payable, Beg

Purchases 940,191.26
Cash disbursement 861,841.99
Accounts Payable, Ending 78,349.27

Checking 78,349.27
 2022 2023 2024 2025
- 245,461.03 292,621.39 302,349.87

572,742.40 245,461.03
682,783.23 292,621.39
705,483.04 302,349.87
572,742.40 928,244.26 998,104.43 302,349.87

245,461.03 292,621.39 302,349.87

40,910.17 89,680.40 140,072.05
204,550.86 202,940.98 162,277.83

2022 2023 2024

- 40,910.17 89,680.40
40,910.17 48,770.23 50,391.65
40,910.17 89,680.40 140,072.05

2024
4,814,618.00
4,814,618.00
-

2023 2024
201,053.21

201,053.21 201,053.21 January January 200,609.08

201,053.21 201,053.21 200,609.08
201,053.21 201,053.21 February February 200,609.08
201,053.21 201,053.21 200,609.08
201,053.21 201,053.21 March March 200,609.08
201,053.21 201,053.21 200,609.08
201,053.21 201,053.21 April April 200,609.08
201,053.21 201,053.21 200,609.08
 201,053.21 201,053.21 May May 200,609.08
201,053.21 201,053.21 200,609.08
201,053.21 201,053.21 June June 200,609.08
201,053.21 201,053.21 200,609.08
201,053.21 201,053.21 July July 200,609.08
201,053.21 201,053.21 200,609.08
201,053.21 201,053.21 August August 200,609.08
201,053.21 201,053.21 200,609.08
201,053.21 201,053.21 September September 200,609.08
201,053.21 201,053.21 200,609.08
201,053.21 201,053.21 October October 200,609.08
201,053.21 201,053.21 200,609.08
201,053.21 201,053.21 November November 200,609.08
201,053.21 201,053.21 200,609.08
201,053.21 201,053.21 December December 200,609.08
201,053.21 201,053.21 200,609.08
4,825,277.00 4,825,277.00 4,814,618.00
-

2023 2024
12,920.00

25,840.00 25,840.00 Beginning January 25,840.00

12,920.00
25,840.00 12,920.00 January February 25,840.00
12,920.00
25,840.00 12,920.00 February March 25,840.00
12,920.00
25,840.00 12,920.00 March April 25,840.00
12,920.00
25,840.00 12,920.00 April May 25,840.00
12,920.00
25,840.00 12,920.00 May June 25,840.00
12,920.00
25,840.00 12,920.00 June July 25,840.00
12,920.00
25,840.00 12,920.00 July August 25,840.00
12,920.00
25,840.00 12,920.00 August September 25,840.00
12,920.00
25,840.00 12,920.00 September October 25,840.00
12,920.00
 25,840.00 12,920.00 October November 25,840.00
12,920.00
25,840.00 12,920.00 November December 25,840.00
12,920.00
12,920.00 December
310,080.00 335,920.00 310,080.00
25,840.00

2023 2023
4,140.00

8,280.00 8,280.00 Beginning January 8,280.00

4,140.00
8,280.00 4,140.00 January February 8,280.00
4,140.00
8,280.00 4,140.00 February March 8,280.00
4,140.00
8,280.00 4,140.00 March April 8,280.00
4,140.00
8,280.00 4,140.00 April May 8,280.00
4,140.00
8,280.00 4,140.00 May June 8,280.00
4,140.00
8,280.00 4,140.00 June July 8,280.00
4,140.00
8,280.00 4,140.00 July August 8,280.00
4,140.00
8,280.00 4,140.00 August September 8,280.00
4,140.00
8,280.00 4,140.00 September October 8,280.00
4,140.00
8,280.00 4,140.00 October November 8,280.00
4,140.00
8,280.00 4,140.00 November December 8,280.00
4,140.00
4,140.00 December
99,360.00 107,640.00 99,360.00
8,280.00

2023 2023
2,700.00
 5,400.00 5,400.00 Beginning January 5,400.00
2,700.00
5,400.00 2,700.00 January February 5,400.00
2,700.00
5,400.00 2,700.00 February March 5,400.00
2,700.00
5,400.00 2,700.00 March April 5,400.00
2,700.00
5,400.00 2,700.00 April May 5,400.00
2,700.00
5,400.00 2,700.00 May June 5,400.00
2,700.00
5,400.00 2,700.00 June July 5,400.00
2,700.00
5,400.00 2,700.00 July August 5,400.00
2,700.00
5,400.00 2,700.00 August September 5,400.00
2,700.00
5,400.00 2,700.00 September October 5,400.00
2,700.00
5,400.00 2,700.00 October November 5,400.00
2,700.00
5,400.00 2,700.00 November December 5,400.00
2,700.00
2,700.00 December
64,800.00 70,200.00 64,800.00
5,400.00

2022 2023 2024

434,720.00 474,240.00 474,240.00
39,520.00 39,520.00 39,520.00

2023 2024

Journal Entry
78,349.27 2022
693,329.51 63,029.96 Purchases 940,191.26
812,810.59 Accounts Payable 940,191.26
771,678.79 875,840.54
Accounts Payable 861,841.99
78,349.27 63,029.96 Cash 861,841.99
756,359.47 886,702.46
771,678.79 875,840.54
63,029.96 73,891.87

63,029.96 73,891.87
2024
200,609.08

200,609.08 January
200,609.08
200,609.08 February
200,609.08
200,609.08 March
200,609.08
200,609.08 April
200,609.08
 200,609.08 May
200,609.08
200,609.08 June
200,609.08
200,609.08 July
200,609.08
200,609.08 August
200,609.08
200,609.08 September
200,609.08
200,609.08 October
200,609.08
200,609.08 November
200,609.08
200,609.08 December
200,609.08
4,814,618.00
-

2024
12,920.00

25,840.00 Beginning
12,920.00
12,920.00 January
12,920.00
12,920.00 February
12,920.00
12,920.00 March
12,920.00
12,920.00 April
12,920.00
12,920.00 May
12,920.00
12,920.00 June
12,920.00
12,920.00 July
12,920.00
12,920.00 August
12,920.00
12,920.00 September
12,920.00
 12,920.00 October
12,920.00
12,920.00 November
12,920.00
12,920.00 December
335,920.00
25,840.00

2023
4,140.00

8,280.00 Beginning
4,140.00
4,140.00 January
4,140.00
4,140.00 February
4,140.00
4,140.00 March
4,140.00
4,140.00 April
4,140.00
4,140.00 May
4,140.00
4,140.00 June
4,140.00
4,140.00 July
4,140.00
4,140.00 August
4,140.00
4,140.00 September
4,140.00
4,140.00 October
4,140.00
4,140.00 November
4,140.00
4,140.00 December
107,640.00
8,280.00

2023
2,700.00
 5,400.00 Beginning
2,700.00
2,700.00 January
2,700.00
2,700.00 February
2,700.00
2,700.00 March
2,700.00
2,700.00 April
2,700.00
2,700.00 May
2,700.00
2,700.00 June
2,700.00
2,700.00 July
2,700.00
2,700.00 August
2,700.00
2,700.00 September
2,700.00
2,700.00 October
2,700.00
2,700.00 November
2,700.00
2,700.00 December
70,200.00
5,400.00
FINANCIAL ANALYSIS

LIQUIDITY RATIOS
Working Capital
2022 2023
Current Assets 8,823,607.08 10,515,335.54
Less: Current Liabilities 178,243.87 498,358.63
Working Capital 8,645,363.21 10,016,976.91

CURRENT RATIO
2022 2023
Current Assets 8,823,607.08 10,515,335.54
Divided by: Current Liabilities 178,243.87 498,358.63
Current Ratio 49.50 21.10

QUICK ACID RATIO

2022 2023
Quick Assets 8,073,383.08 9,710,831.82
Divided by: Current Liabilities 178,243.87 498,358.63
Quick Acid Ratio 45.29 19.49

OPERATING EFFICIENCY RATIOS

ACCOUNTS RECEIVABLE TURNOVER
2022 2023
Net Sales 8,182,034.34 9,754,046.17
Divided by: Average Accounts Receivable 245,461.03 269,041.21
Accounts Receivable Turnover 33.33 36.25

AVERAGE COLLECTION PERIOD

2022 2023
Number of days in a year 365.00 365.00
Divided by: Accounts Receivable Turnover 33.33 36.25
Average Collection Period 10.95 10.07

INVENTORY TURNOVER
2022 2023
Cost of Good Sold 3,078,063.05 3,585,248.90
 Divided by: Average Inventory 774,539.17 824,920.75
Inventory Turnover 3.97 4.35

AVERAGE SALES PERIOD

2022 2023
Number of days in a year 365.00 365.00
Divided by: Inventory Turnover 3.97 4.35
Average Sales Period 91.85 83.98

SOLVENCY RATIOS
DEBT-TO-EQUITY RATIO
2022 2023
Total Liabilities 309,402.45 498,358.63
Divided by: Total Equity 9,324,634.32 10,671,122.31
DEBT-TO-EQUITY RATIO 0.03 0.05

DEBT RATIO
2022 2023
Total Liabilities 309,402.45 498,358.63
Divided by: Total Assets 9,634,036.78 11,169,480.94
DEBT RATIO 0.03 0.04

RETURN ON ASSET AND EQUITY

RETURN ON ASSETS
2022 2023
Net Income 524,634.33 1,346,488.02
Divided by: Average Total Assets 9,634,036.78 10,401,758.86
RETURN ON ASSETS 0.05 0.13

RETURN ON EQUITY
2022 2023
Net Income 524,634.33 1,346,488.02
Divided by: Average Total Equity 9,324,634.32 9,997,878.32
RETURN ON EQUITY 0.06 0.13
 2024
12,123,902.63
530,868.48
11,593,034.15

2024
12,123,902.63
530,868.48
22.84

2024
11,324,435.87
530,868.48
21.33

2024
10,078,329.16
297,485.64
33.88

2024
365.00
33.88
10.77

2024
3,788,956.02
 872,600.13
4.34

2024
365.00
4.34
84.06

2024
530,868.48
12,090,896.25
0.04

2024
530,868.48
12,621,763.73
0.04

2024
1,419,773.95
11,895,622.34
0.12

2024
1,419,773.95
11,381,009.28
0.12