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Bart M

The document contains the income statement and balance sheet for Bart M. Manuel Architect for the year ended December 31, 20xx. The income statement lists various sources of income and expenses. The balance sheet lists current assets such as cash, receivables, and prepaid expenses as well as non-current assets such as furniture, equipment, and leasehold improvements. It also lists current liabilities like accounts payable and unearned fees as well as non-current liabilities and owner's equity.

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Steph Borinaga
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423 views3 pages

Bart M

The document contains the income statement and balance sheet for Bart M. Manuel Architect for the year ended December 31, 20xx. The income statement lists various sources of income and expenses. The balance sheet lists current assets such as cash, receivables, and prepaid expenses as well as non-current assets such as furniture, equipment, and leasehold improvements. It also lists current liabilities like accounts payable and unearned fees as well as non-current liabilities and owner's equity.

Uploaded by

Steph Borinaga
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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BART M.

MANUEL, ARCHITECT
Income Statement
For the year ended of December 31 20xx

Income
Professional Fees
Interest Income
Miscellaneous Income
Gain on Sale of Investment

Less: Expenses
Salaries and Wages
Consultancy expenses
Accounting and legal expenses
Taxes
Supplies Expense
Tools Expense
Rent Expense
Utility Expense
Insurance
Repairs and Maintenance
Travel and Transportation
Representation and Entertainment expenses
Doubtful Accounts
Depreciation- Furniture and Fixtures
Depreciation- Office Equipment
Depreciation- Automobile
Depreciation- Leasehold Improvements
Interest Expense
Bank Service Charges
Miscellaneous Expenses

NET INCOME












BART M. MANUEL, ARCHITECT
Balance Sheet
December 31 20xx

ASSETS

Current Assets:
Cash on Hand
Cash in Bank-Metro Bank
Professional fees receivable- Estrella Flores
Professional fees receivable- Armando Vargas
Professional fees receivable- Others
Allowance for Doubtful Accounts
Investment in Trading Securities
Prepaid Taxes
Prepaid rent
Prepaid Insurance
Unused Suppplies
Other Prepaid Expense
Total Current Asset:

Non-Current Assets
Furnitures and Fixtures
Accumulated Depreciation-Furniture and Fixture
Office Equipment
Accumulated Depreciation-Office Equipment
Automobile
Accumulated Depreciation-Automobile
Leasehold Improvements
Accumulated Depreciation-Leasehold Improvements
Tools
Deposit with utility companies
Total Non-Current Asset:
TOTAL ASSETS

LIABILITIES AND OWNERS EQUITY

Current Liabilities
Accounts Payable-Corona Supplies
Accounts Payable-Printers Art
Accounts Payable-ProData Corporation
Accounts Payable-Modern Designs
Unearned Professional Fees
Accrued Utility Expenses
Accrued Consultancy Expenses
Other accrued Expenses
Total current liabilities

Non-current liability
Loans Payable
Total non-current liability

Equity
Bart M. Manuel, Capital
Bart M. Manuel, Drawing
Income Summary
Total equity
TOTAL LIABILITIES AND OWNERS EQUITY

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