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    Fs-Buntis Bilis 2023 - 2027

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    John Ssy
    1) Buntis Bilis is a transportation company that provides ambulance services. The documents show its financial statements from 2023 to 2027 including statements of financial position, income, changes in owner's equity, and journal entries. 2) Over the years, the company saw increases in assets like cash and accounts receivable as well as increases in net profits as revenues grew steadily. However, expenses also rose with increases in supplies, salaries, fuel and other costs. 3) The owner made annual drawings of profits ranging from P100,000 to P300,000 while the retained earnings and net worth of the business grew each year from 2023 to 2027.

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    Fs-Buntis Bilis 2023 - 2027

    Uploaded by

    John Ssy
    6 views10 pages
    1) Buntis Bilis is a transportation company that provides ambulance services. The documents show its financial statements from 2023 to 2027 including statements of financial position, income, changes in owner's equity, and journal entries. 2) Over the years, the company saw increases in assets like cash and accounts receivable as well as increases in net profits as revenues grew steadily. However, expenses also rose with increases in supplies, salaries, fuel and other costs. 3) The owner made annual drawings of profits ranging from P100,000 to P300,000 while the retained earnings and net worth of the business grew each year from 2023 to 2027.

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    FS-BUNTIS BILIS 2023- 2027

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    1) Buntis Bilis is a transportation company that provides ambulance services. The documents show its financial statements from 2023 to 2027 including statements of financial position, income, changes in owner's equity, and journal entries. 2) Over the years, the company saw increases in assets like cash and accounts receivable as well as increases in net profits as revenues grew steadily. However, expenses also rose with increases in supplies, salaries, fuel and other costs. 3) The owner made annual drawings of profits ranging from P100,000 to P300,000 while the retained earnings and net worth of the business grew each year from 2023 to 2027.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    6 views10 pages

    Fs-Buntis Bilis 2023 - 2027

    Uploaded by

    John Ssy
    1) Buntis Bilis is a transportation company that provides ambulance services. The documents show its financial statements from 2023 to 2027 including statements of financial position, income, changes in owner's equity, and journal entries. 2) Over the years, the company saw increases in assets like cash and accounts receivable as well as increases in net profits as revenues grew steadily. However, expenses also rose with increases in supplies, salaries, fuel and other costs. 3) The owner made annual drawings of profits ranging from P100,000 to P300,000 while the retained earnings and net worth of the business grew each year from 2023 to 2027.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 10

    BUNTIS BILIS

    Statements of Financial Position


    (Amounts in Philippine Pesos)

    As of December 31
    2023 2024 2025 2026 2027
    ASSETS

    Current Assets
    Cash P 753,000 P 1,141,800 P 1,589,910 P 1,983,947 P 2,620,037
    Accounts Receivable 60,000 79,500 82,300 76,200 72,832

    Total Current Assets 813,000 1,221,300 1,672,210 2,060,147 2,692,869

    Non-current Assets
    Property, plant and equipment 2,075,300 1,839,600 1,603,900 1,368,200 1,132,500

    Total Assets P 2,888,300 P 3,060,900 P 3,276,110 P 3,428,347 P 3,825,369

    LIABILITIES AND NETWORTH

    Current Liabilities
    Income tax payable - 18,390 35,040 13,091 P 84,523

    Total Current Liabilities - 18,390 35,040 13,091 84,523

    Networth 2,888,300 3,042,510 3,241,070 3,415,255 3,740,847

    Total Liabilities and Networth P 2,888,300 P 3,060,900 P 3,276,110 P 3,428,347 P 3,825,369

    .
    BUNTIS BILIS
    Statements of Income
    (Amounts in Philippine Pesos)

    For the year ended December 31


    2023 2024 2025 2026 2027

    Service Revenue P 2,646,000 P 3,510,000 P 3,828,000 P 3,866,667 P 4,375,692


    Operating Expenses
    Supplies 64,600 193,800 290,700 406,980 468,027
    Rent 60,000 63,000 72,600 79,860 83,054
    Salaries 1,742,400 1,782,400 1,842,400 1,853,400 1,942,400
    Fuel 434,000 672,500 682,000 693,200 713,996
    Utilities 59,000 94,000 118,000 135,000 124,200
    Depreciation 235,700 235,700 235,700 235,700 235,700
    Miscellaneous 62,000 96,000 103,000 125,250 98,200
    2,657,700 3,137,400 3,344,400 3,529,390 3,665,577

    Income Before Tax (11,700) 372,600 483,600 337,277 710,114

    Income Tax Expense - 18,390 35,040 13,091 84,523

    Net Profit (Loss) (P 11,700) P 354,210 P 448,560 P 324,185 P 625,591


    BUNTIS BILIS
    Statements of Changes in Owner's Equity
    (Amounts in Philippine Pesos)

    For the year ended December 31


    2023 2024 2025 2026 2027

    Buntis Bilis, Beginning 3,000,000.00 2,888,300.00 3,042,510.00 3,241,070.00 3,415,255.17


    Net Profit (Loss) (11,700.00) 354,210.00 448,560.00 324,185.17 625,591.41
    Drawings 100,000.00 200,000.00 250,000.00 150,000.00 300,000.00

    Buntis Bilis, Ending 2,888,300.00 3,042,510.00 3,241,070.00 3,415,255.17 3,740,846.58


    1/1/2023
    Cash 3,000,000.00
    Buntis Bilis, Capital 3,000,000.00

    Office Equipment 46,000.00


    Cash 46,000.00

    Ambulance 2,265,000.00
    Cash 2,265,000.00

    12/31/2023
    Supplies 64,600.00
    Cash 64,600.00

    Rent 60,000.00
    Cash 60,000.00

    Salaries 1,742,400.00
    Cash 1,742,400.00

    Utilities 59,000.00
    Cash 59,000.00

    Fuel 434,000.00
    Cash 434,000.00

    Depreciation 235,700.00
    Accumulated Depreciation 235,700.00

    Miscellaneous 62,000.00
    Cash 62,000.00

    Cash 2,646,000.00
    Service Revenue 2,646,000.00

    Buntis Bilis, Drawings 100,000.00


    Cash 100,000.00

    Accounts Receivable 60,000.00


    Service Revenue 60,000.00
    12/31/2024 12/31/2025
    Supplies 193,800.00
    Cash 193,800.00

    Rent 63,000.00
    Cash 63,000.00

    Salaries 1,782,400.00
    Cash 1,782,400.00

    Utilities 94,000.00
    Cash 94,000.00

    Fuel 672,500.00
    Cash 672,500.00

    Depreciation 235,700.00
    Accumulated Depreciation 235,700.00

    Miscellaneous 96,000.00
    Cash 92,000.00

    Cash 3,510,000.00
    Service Revenue 3,510,000.00

    Buntis Bilis, Drawings 200,000.00


    Cash 200,000.00

    Accounts Receivable 79,500.00


    Service Revenue 79,500.00
    12/31/2026
    Supplies 290,700.00
    Cash 290,700.00

    Rent 72,600.00
    Cash 72,600.00

    Salaries 1,842,400.00
    Cash 1,842,400.00

    Utilities 118,000.00
    Cash 118,000.00

    Fuel 682,000.00
    Cash 682,000.00

    Depreciation 235,700.00
    Accumulated Depreciation 235,700.00

    Miscellaneous 103,000.00
    Cash 103,000.00

    Cash 3,828,000.00
    Service Revenue 3,828,000.00

    Buntis Bilis, Drawings 250,000.00


    Cash 250,000.00

    Accounts Receivable 82,300.00


    Service Revenue 82,300.00
    12/31/2027
    Supplies 406,980.00
    Cash 406,980.00

    Rent 79,860.00
    Cash 79,860.00

    Salaries 1,853,400.00
    Cash 1,853,400.00

    Utilities 135,000.00
    Cash 135,000.00

    Fuel 693,200.00
    Cash 693,200.00

    Depreciation 235,700.00
    Accumulated Depreciation 235,700.00

    Miscellaneous 125,250.00
    Cash 125,250.00

    Cash 3,866,666.67
    Service Revenue 3,866,666.67

    Buntis Bilis, Drawings 150,000.00


    Cash 150,000.00

    Accounts Receivable 76,200.00


    Service Revenue 76,200.00
    Supplies 468,027.00
    Cash 468,027.00

    Rent 83,054.40
    Cash 83,054.40

    Salaries 1,942,400.00
    Cash 1,942,400.00

    Utilities 124,200.00
    Cash 124,200.00

    Fuel 713,996.00
    Cash 713,996.00

    Depreciation 235,700.00
    Accumulated Depreciation 235,700.00

    Miscellaneous 98,200.00
    Cash 98,200.00

    Cash 4,375,691.67
    Service Revenue 4,375,691.67

    Buntis Bilis, Drawings 300,000.00


    Cash 300,000.00

    Accounts Receivable 72,832.00


    Service Revenue 72,832.00
    Buntis Bilis
    Trial Balance
    2023
    Cash 753,000.00 Income tax payable -
    Accounts Receivable 60,000.00 Accumulated Depreciation 235,700.00
    Propert, Plant & Equipment 2,311,000.00 Capital 3,000,000.00
    Supplies 64,600.00 Revenue 2,646,000.00
    Rent 60,000.00
    Salaries 1,742,400.00
    Fuel 434,000.00
    Utilities 59,000.00
    Depreciation 235,700.00
    Miscellaneous 62,000.00
    Drawings 100,000.00 -
    5,881,700.00 5,881,700.00

    Buntis Bilis
    Trial Balance
    2024
    Cash 1,141,800.00 Income tax payable 18,390.00
    Accounts Receivable 79,500.00 Accumulated Depreciation 471,400.00
    Propert, Plant & Equipment 2,311,000.00 Capital 2,888,300.00
    Supplies 193,800.00 Revenue 3,510,000.00
    Rent 63,000.00
    Salaries 1,782,400.00
    Fuel 672,500.00
    Utilities 94,000.00
    Depreciation 235,700.00
    Income tax Expense 18,390.00
    Miscellaneous 96,000.00
    Drawings 200,000.00 -
    6,888,090.00 6,888,090.00

    Buntis Bilis
    Trial Balance
    2025
    Cash 1,589,910.00 Income tax payable 35,040.00
    Accounts Receivable 82,300.00 Accumulated Depreciation 707,100.00
    Propert, Plant & Equipment 2,311,000.00 Capital 3,042,510.00
    Supplies 290,700.00 Revenue 3,828,000.00
    Rent 72,600.00
    Salaries 1,842,400.00
    Fuel 682,000.00
    Utilities 118,000.00
    Depreciation 235,700.00
    Income tax Expense 35,040.00
    Miscellaneous 103,000.00
    Drawings 250,000.00 -
    7,612,650.00 7,612,650.00

    Buntis Bilis
    Trial Balance
    2026
    Cash 1,983,946.67 Income tax payable 13,091.50
    Accounts Receivable 76,200.00 Accumulated Depreciation 942,800.00
    Propert, Plant & Equipment 2,311,000.00 Capital 3,241,070.00
    Supplies 406,980.00 Revenue 3,866,666.67
    Rent 79,860.00
    Salaries 1,853,400.00
    Fuel 693,200.00
    Utilities 135,000.00
    Depreciation 235,700.00
    Income tax Expense 13,091.50
    Miscellaneous 125,250.00
    Drawings 150,000.00 -
    8,063,628.17 8,063,628.17

    Buntis Bilis
    Trial Balance
    2027
    Cash 2,620,036.94 Income tax payable 84,522.85
    Accounts Receivable 72,832.00 Accumulated Depreciation 1,178,500.00
    Propert, Plant & Equipment 2,311,000.00 Capital 3,415,255.17
    Supplies 468,027.00 Revenue 4,375,691.67
    Rent 83,054.40
    Salaries 1,942,400.00
    Fuel 713,996.00
    Utilities 124,200.00
    Depreciation 235,700.00
    Income tax Expense 84,522.85
    Miscellaneous 98,200.00
    Drawings 300,000.00 -
    9,053,969.20 9,053,969.69

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