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The Passion of the Christ

Autor:   •  November 24, 2017  •  449 Words (2 Pages)  •  113 Views

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Accounts Payable 17,800.00

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Total Current Liabilities 17,800.00

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Total Liabilities 17,800.00

Stockholders' Equity

Capital Stock (Common) 60,000.00

Net Income 108,114.00

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Total Stockholders' Equity 168,114.00

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Total Liabilities & Equity 185,914.00

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My Place, House of Decor

Retained Earnings Statement

For Period Ended 04/29/15

Retained Earnings (Beg. of Period)

Net Income 108,114.00

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Retained Earnings (End of Period) 108,114.00

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My Place, House of Decor

Income Statement

For Period Ended 05/30/15

Monthly Monthly Yearly Yearly

Amount Percent Amount Percent

Operating Revenue

Decorating Fees 56,600.00 59.21 235,900.00 81.37

Sales - Furniture 39,000.00 40.80 54,000.00 18.63

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Total Operating Revenue 95,600.00 100.00 289,900.00 100.00

Cost

Cost of Merchandise Sold 24,375.00 25.50 35,125.00 12.12

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Total Cost 24,375.00 25.50 35,125.00 12.12

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Gross Profit 71,225.00 74.50 254,775.00 87.88

Operating Expenses

Salaries Expense - Admin. 7,500.00 7.85 31,800.00 10.97

Rent Expense 3,000.00 3.14 11,000.00 3.79

Advertising Expense 21,500.00 22.49 48,300.00 16.66

Automobile Expense 750.00 0.78 2,800.00 0.97

Supplies Expense 1,010.00 1.06 3,460.00 1.19

Insurance Expense 500.00 0.52 2,500.00 0.86

Utilities Expense 240.00 0.25 1,165.00 0.40

Telephone Expense 320.00 0.33 1,620.00 0.56

Postage Expense 350.00 0.37 1,330.00 0.46

Depreciation Expense 2,000.00 2.09 2,000.00 0.69

Uncollectible Accts. Exp. 1,290.00 1.35 8,071.00 2.78

Payroll Taxes Expense 847.50 0.89 847.50 0.29

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Total Operating Expenses 39,307.50 41.12 114,893.50 39.63

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Net Income 31,917.50 33.39 139,881.50 48.25

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My Place, House of Decor

Balance Sheet

05/30/15

Assets

Petty Cash 350.00

Cash - Checking Account 102,962.50

Accounts Receivable 133,000.00

Allow. for Doubt. Accts. -4,071.00

Merchandise Inventory 35,875.00

Supplies 3,375.00

Prepaid Insurance 3,500.00

Prepaid Rent 2,000.00

Deposits 2,000.00

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Total Current Assets 278,991.50

Furniture & Fixtures 17,040.00

Accumulated Depreciation -2,000.00

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Total Plant Assets 15,040.00

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Total Assets 294,031.50

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