JOURNAL ENTRIES

DATE ACCOUNT TITLE DEBIT

01-Feb-2019 Rent Expense 60,000.00
Input Vat 7,200.00
WTAX - 5 %
Accounts Payable
To record the rent expense for the month

Accounts Payable 64,200.00

Cash
To record the cash payment

01-Feb-2019 Office Supplies Expense 300,000.00

Input Vat 36,000.00
WTAX - 1%
Accounts Payable
To record the supplies expense

Accounts Payable 333,000.00

Cash
To record the cash payment

10-Feb-2019 Cash 65,945,880.00

Creditable Wtax 1% 666,120.00
Accounts Receivable - A - 350mL
Accounts Receivable - B - 500mL
Accounts Receivable - C - 750mL
To record the collection of accounts receivables (Jan)

14-Feb-2019 Accrued Electricity Expense 5,500.00

Electricity Expense
To record the accrual of electricity expense

Electricity Expense 5,500.00

Cash
To record the cash payment (Jan)

14-Feb-2019 Accrued Water Expense 11,000.00

Water Expense
To record the accrual of water expense
 Water Expense 11,000.00
Cash
To record the cash payment (JAN)

14-Feb-2019 Accrued Telecommunication Expense 3,300.00

Telecommunication Expense
To record the accrual of telecommunication expense

Telecommunication Expense 3,300.00

Cash
To record the cash payment (JAN)

15-Feb-2019 Cash 2,524,480.00

Creditable WTAX - 2% 51,520.00
Accounts Receivable - Distribution Fee
To record the collection of distribution fee (January)

15-Feb-2019 Accounts Payable - A - 350mL 22,933,333.34

Accounts Payable - B - 500mL 32,106,666.67
Accounts Payable - C - 750mL 41,280,000.00
Cash
To record the cash payments (JAN)

18-Feb-2019 Purchases - A - 350mL 16,000,000.00

Freight In 393,442.62
Input Vat 1,967,213.11
Accounts Payable
To record the purchases of product A on account

Purchases - B - 500mL 21,000,000.00

Freight In 516,393.44
Input Vat 2,581,967.21
Accounts Payable
To record the purchases of product B on account

Purchases - C - 750mL 24,000,000.00

Freight In 590,163.93
Input Vat 2,950,819.67
Accounts Payable
To record the purchases of product C on account
18-Feb-2019 Accounts Receivables 11,648,000.00
Sales - A - 350mL
Output Vat
To record the sales of product A on account

Accounts Receivables 12,740,000.00

Sales - B - 500mL
Output Vat
To record the sales of product B on account

Accounts Receivables 17,472,000.00

Sales - C - 750mL
Output Vat
To record the sale of product C on account

20-Feb-2019 Freight Out 1,000,000.00

Input Vat 120,000.00
WTAX - 2%
Accounts Payable
To record the delivery expense

Accounts Payable 1,100,000.00

Cash
To record the cash payment

20-Feb-2019 Accounts Receivable - Distribution Fee 2,576,000.00

Distribution Fee
Output Vat
To record the distribution fee for the month

22-Feb-2019 Accounts Payable 1,120,000.00

Purchase Returns - A - 350mL (5000*200)
Input Vat
To record the purchase returns of product A on account (FEB)

22-Feb-2019 Sales Returns - A - 350mL (2500*260) 650,000.00

Output Vat 78,000.00
Accounts Receivable
To record the sales returns of product A on account
 Sales Returns - B - 500mL (3500*455) 1,592,500.00
Output Vat 191,100.00
Accounts Receivable
To record the sales returns of product B on account

Sales Returns - C - 750mL (4500*780) 3,510,000.00

Output Vat 421,200.00
Accounts Receivable
To record the sales returns of product C on account

28-Feb-2019 Salaries Expense 800,000.00

Cash
To record the cash payment

ADJUSTING ENTRIES
DATE ACCOUNT TITLE DEBIT
28-Feb-2019 Electricity Expense 9,500.00
Input Vat 1,140.00
Accrued Electricity Expense
WTAX - 2%
To record the accrual of electricity expense

Water Expense 5,500.00

Input Vat 660.00
Accrued Water Expense
WTAX - 2%
To record the accrual of water expense

Telecommunication Expense 3,000.00

Input Vat 360.00
Accrued Telecommunication Expense
WTAX - 2%
To record the accrual of telecommunication expense

28-Feb-2019 Input Vat 12,500.00

Deferred Input Vat - Executive Vehicle
To record deferred input VAT on executive vehicle

Input Vat 2,000.00

 Deferred Input Vat - Delivery Truck
To record deferred input VAT on delivery truck

Input Vat 10,000.00

Deferred Input Vat - Furniture & Fixtures
To record deferred input VAT on furniture and fixtures

Input Vat 2,000.00

Deferred Input Vat - Computer Equipment
To record deferred input VAT on computer equipment

28-Feb-2019 Depreciation Expense - Executive Vehicle 104,166.67

Accumulated Depreciation - Executive Vehicle
To record accumulated depreciation on executive vehicle

Depreciation Expense - Delivery Truck 16,666.67

Accumulated Depreciation - Delivery Truck
To record accumulated depreciation on delivery truck

Depreciation Expense - Furniture & Fixtures 83,333.33

Accumulated Depreciation - Furniture & Fixtures
To record accumulated depreciation on furniture and fixtures

Depreciation Expense - Computer Equipment 16,666.67

Accumulated Depreciation - Computer Equipment
To record accumulated depreciation on computer equipment

28-Feb-2019 Output VAT 4,070,700.00

Creditable Input VAT 3,501,160.00
Input VAT
To record creditable input vat

WTAX 1% 3,000.00
Witholding Payable

WTAX 2% 20,360.00
Witholding Payable

WTAX 5% 3,000.00
Witholding Payable
 Witholding Payable 26,360.00
Accounts Payable

Accounts Payable 26,360.00

Cash

Cost of Goods Sold 29,454,290.16

Ending Inventory 67,802,257.46
Purchase Return and Allowances 1,000,000.00
Purchases
Freight In
Beginning Inventory
To record the Cost of Goods Sold for the Month

CLOSING ENTRIES
28-Feb-2019 Revenue 33,922,500.00
Income and Expense Summary
To close revenue account

Income and Expense Summary 31,853,123.50

Cost of Goods Sold
Rent Expense
Supplies Expense
Freight Out
Salaries Expense
Electricity Expense
Water Expense
Telecommunication Expense
Depreciation Expense
To close all expense account

Income and Expense Summary 2,069,376.50

Retained Earnings
To close income summary to retained earnings
CREDIT

3,000.00
64,200.00

64,200.00

3,000.00
333,000.00

333,000.00

17,472,000.00
22,932,000.00
26,208,000.00

5,500.00

5,500.00

11,000.00
 11,000.00

3,300.00

3,300.00

2,576,000.00

96,320,000.01

FREIGHT IN

PRODUCT QTY TOTAL

A 80,000.00 16,000,000.00
18,360,655.74 B 60,000.00 21,000,000.00
C 40,000.00 24,000,000.00
61,000,000.00

BEG. INV JAN. COST

24,098,360.66 A @200 40,000.00 204.76
B @350 25,500.00 358.33
C @600 30,000.00 614.29

Beginning 35,756,547.62
Purchases 61,000,000.00
27,540,983.61 Freight In 1,500,000.00
Puchases Return (1,000,000.00)
 97,256,547.62
Ending (67,802,257.46)
10,400,000.00 COGS 29,454,290.16
1,248,000.00

11,375,000.00
1,365,000.00

15,600,000.00
1,872,000.00

20,000.00
1,100,000.00

1,100,000.00

2,300,000.00
276,000.00

1,000,000.00
120,000.00

728,000.00
 1,783,600.00

3,931,200.00

800,000.00

S
CREDIT

10,450.00
190.00

6,050.00
110.00

3,300.00
60.00

12,500.00
 2,000.00

10,000.00

2,000.00

104,166.67

16,666.67

83,333.33

16,666.67

7,571,860.00

3,000.00

20,360.00

3,000.00
 26,360.00

26,360.00

61,000,000.00
1,500,000.00
35,756,547.62

33,922,500.00

29,454,290.16
60,000.00
300,000.00
1,000,000.00
800,000.00
9,500.00
5,500.00
3,000.00
220,833.34

2,069,376.50
1,500,000.00

% AMOUNT NEW COST

0.26 393,442.62 204.92
0.34 516,393.44 358.61
0.39 590,163.93 614.75

SALES REMAINING PURCHASES RETURN ENDING INVENTORY

40,000.00 8,190,476.19 - 80,000.00 5,000.00 75,000.00
25,000.00 8,958,333.33 500.00 60,000.00 - 60,500.00
20,000.00 12,285,714.29 10,000.00 40,000.00 - 50,000.00
NEW COST ENDING AMOUNT
204.92 15,368,852.46
358.61 21,695,905.00
614.75 30,737,500.00
67,802,257.46
ENDING INVENTORY
 ASSETS
1001-Cash 1006- Computer Equipment
DATE AMOUNT AMOUNT DATE DATE AMOUNT
10-Feb 65,945,880.00 64,200.00 01-Feb
15-Feb 2,524,480.00 333,000.00 01-Feb
5,500.00 14-Feb -
11,000.00 14-Feb
3,300.00 14-Feb 1008- Furnitures & Fixtures
96,320,000.01 15-Feb DATE AMOUNT
1,100,000.00 20-Feb
800,000.00 28-Feb
28-Feb -
28-Feb
28-Feb
68,470,360.00 98,637,000.01 1010-Transportation Equipment-Executive
- 30,166,640.01 DATE AMOUNT

68,470,360.00 68,470,360.00
26,360.00

1002-Accounts Receivable -
DATE AMOUNT AMOUNT DATE
18-Feb 11,648,000.00 17,472,000.00 10-Feb 1020-Transportation Equipment-Delivery
18-Feb 12,740,000.00 22,932,000.00 10-Feb DATE AMOUNT
18-Feb 17,472,000.00 26,208,000.00 10-Feb
20-Feb 2,576,000.00 2,576,000.00 15-Feb
728,000.00 22-Feb
1,783,600.00 22-Feb
3,931,200.00 22-Feb
44,436,000.00 75,630,800.00 -
- 31,194,800.00
44,436,000.00 44,436,000.00 1012-Security Deposits
DATE AMOUNT
1013-Input VAT
DATE AMOUNT AMOUNT DATE

01-Feb 7,200.00 120,000.00 22-Feb -

01-Feb 36,000.00
18-Feb 1,967,213.11 Creditable Input VAT
18-Feb 2,581,967.21 DATE AMOUNT
18-Feb 2,950,819.67 3,501,160.00
20-Feb 120,000.00
3,501,160.00

1003-Inventory
DATE AMOUNT
67,802,257.46
7,543,200.00
1,140.00 7,571,860.00 32,045,709.84
660.00
360.00
12,500.00
2,000.00
10,000.00
2,000.00
(7,543,200.00)
006- Computer Equipment 1016-Deferred Input VAT - Computer Equipment
AMOUNT DATE DATE AMOUNT AMOUNT DATE
2,000.00

2,000.00

008- Furnitures & Fixtures 1017-Deferred Input VAT - Furnitures and Fixtures
AMOUNT DATE DATE AMOUNT AMOUNT DATE
10,000.00

10,000.00

tation Equipment-Executive Vehicles 1014-Deferred Input Vat - Executive Vehicle

AMOUNT DATE DATE AMOUNT AMOUNT DATE
12,500.00

12,500.00

portation Equipment-Delivery Truck 1015-Deferred Input VAT - Delivery Truck

AMOUNT DATE DATE AMOUNT AMOUNT DATE
2,000.00

2,000.00

1012-Security Deposits Creditable Witholding Tax

AMOUNT DATE DATE AMOUNT AMOUNT DATE
10-Feb 666,120.00
15-Feb 51,520.00
717,640.00

Creditable Input VAT

AMOUNT DATE
1003-Inventory
AMOUNT DATE
35,756,547.62
 Accumulated Depreciation - Computer Equipment
DATE AMOUNT AMOUNT DATE
16,666.67

16,666.67

Accumulated Depreciation - Furnitures and Fixtures

DATE AMOUNT AMOUNT DATE
83,333.33

83,333.33

Accumulated Depreciation - Executive Vehicle

DATE AMOUNT AMOUNT DATE
104,166.67

104,166.67

Accumulated Depreciation - Delivery Truck

DATE AMOUNT AMOUNT DATE
16,666.67

16,666.67
 LIABILTIES
2001-Accounts Payable (A/P) 2005-Output VAT
DATE AMOUNT AMOUNT DATE DATE AMOUNT
01-Feb 64,200.00 64,200.00 01-Feb 22-Feb 78,000.00
01-Feb 333,000.00 333,000.00 01-Feb 22-Feb 191,100.00
15-Feb 22,933,333.34 18,360,655.74 18-Feb 22-Feb 421,200.00
15-Feb 32,106,666.67 24,098,360.66 18-Feb
15-Feb 41,280,000.00 27,540,983.61 18-Feb
20-Feb 1,100,000.00 1,100,000.00 20-Feb 690,300.00
22-Feb 1,120,000.00
690,300.00
4,070,700.00

2007- WTAX 1%
DATE AMOUNT

98,937,200.01 71,497,200.00
27,440,000.01
98,937,200.01 98,937,200.01 3,000.00
26,360.00 26,360.00
2008-WTAX 2%
2002-Accrued Electricity Expense DATE AMOUNT
DATE AMOUNT AMOUNT DATE
14-Feb 5,500.00 5,500.00 30-Jan

-
10,450.00

2003-Accrued Water Expense 20,360.00

DATE AMOUNT AMOUNT DATE
14-Feb 11,000.00 11,000.00 30-Jan 2009-WTAX 5%
DATE AMOUNT

-
6,050.00
 2004-Accrued Telecommunication Expense
DATE AMOUNT AMOUNT DATE 3,000.00
14-Feb 3,300.00 3,300.00 30-Jan

-
3,300.00
2005-Output VAT 200-Withholding Payable
AMOUNT DATE DATE AMOUNT AMOUNT DATE
1,248,000.00 18-Feb 26,360.00 3,000.00
1,365,000.00 18-Feb 20,360.00
1,872,000.00 18-Feb 3,000.00
276,000.00 20-Feb

4,761,000.00 26,360.00 26,360.00

- 4,070,700.00
690,300.00

2007- WTAX 1%
AMOUNT DATE
3,000.00 01-Feb

3,000.00

2008-WTAX 2%
AMOUNT DATE
20,000.00 20-Feb

20,000.00
190.00
110.00
60.00
360.00

2009-WTAX 5%
AMOUNT DATE
3,000.00 01-Feb
3,000.00
 EQUITY
3001-Ordinary shares
DATE AMOUNT AMOUNT DATE

3002-Share Premium
DATE AMOUNT AMOUNT DATE

-
 REVENUE
4001-Sales A350ML 4004-Distribution Income
DATE AMOUNT AMOUNT DATE DATE AMOUNT AMOUNT
10,400,000.00 18-Feb 2,300,000.00

10,400,000.00 2,300,000.00

4002-Sales B500ML
DATE AMOUNT AMOUNT DATE 4005-Sales Return and Allowances
11,375,000.00 18-Feb DATE AMOUNT AMOUNT
22-Feb 650,000.00
11,375,000.00 22-Feb 1,592,500.00
22-Feb 3,510,000.00
4003-Sales C750ML
DATE AMOUNT AMOUNT DATE 5,752,500.00
15,600,000.00 18-Feb

15,600,000.00
come
DATE
20-Feb

Allowances
DATE
 COST OF SALES
5003-Purchase Return & Allowances-B500ML
DATE AMOUNT AMOUNT DATE
1,000,000.00 22-Feb

1,000,000.00
1,000,000.00

5005-Freight In
DATE AMOUNT AMOUNT DATE
18-Feb 393,442.62
18-Feb 516,393.44
18-Feb 590,163.93

1,500,000.00
1,500,000.00

5000-Cost of Good Sold

DATE AMOUNT AMOUNT DATE
29,454,290.16
 EXPENSES
6001-Rent Expense 6011-Supplies Expense
DATE AMOUNT AMOUNT DATE DATE AMOUNT AMOUNT
01-Feb 60,000.00 01-Feb 300,000.00

60,000.00 300,000.00

6002-Salaries Expense 6006-Telecommunication Expense

DATE AMOUNT AMOUNT DATE DATE AMOUNT AMOUNT
28-Feb 800,000.00 30-Jan 3,300.00 3,300.00
14-Feb 3,300.00
800,000.00 3,300.00
6,600.00
3,000.00

6004-Electricity Expense 6007-Freight Out

DATE AMOUNT AMOUNT DATE DATE AMOUNT AMOUNT
30-Jan 5,500.00 5,500.00 14-Feb 20-Feb 1,000,000.00
14-Feb 5,500.00
11,000.00

- 5,500.00 1,000,000.00
9,500.00

6005-Water Expense Depreciation Expense - Executive Vehicle

DATE AMOUNT AMOUNT DATE DATE AMOUNT AMOUNT
30-Jan 11,000.00 11,000.00 14-Feb 104,166.67
14-Feb 11,000.00
22,000.00 104,166.67
11,000.00
5,500.00
Depreciation Expense - Furnitures and Fixtures
DATE AMOUNT AMOUNT
6003-Depreciation Expense 83,333.33
DATE AMOUNT AMOUNT DATE

104,166.67 83,333.33
 83,333.33
16,666.67
16,666.67

220,833.34
Expense 6008-Purchases A350ML
DATE DATE AMOUNT AMOUNT DATE
18-Feb 16,000,000.00

16,000,000.00
16,000,000.00

ation Expense 6009-Puchases B500ML

DATE DATE AMOUNT AMOUNT DATE
14-Feb 18-Feb 21,000,000.00

21,000,000.00

21,000,000.00

t Out 6010-Purchases C750ML

DATE DATE AMOUNT AMOUNT DATE
18-Feb 24,000,000.00

24,000,000.00
24,000,000.00

Executive Vehicle Depreciation Expense - Delivery Truck

DATE DATE AMOUNT AMOUNT DATE
16,666.67

16,666.67

nitures and Fixtures Depreciation Expense - Computer Equipment

DATE DATE AMOUNT AMOUNT DATE
16,666.67

16,666.67
 Trial Balance
Account Titles period ended month of January
Debit
Current Assets
1001-Cash 81,796,440.00
1002-Accounts Receivable 61,908,000.00
1003-Inventory 35,756,547.62
1013-Input VAT
1018-Creditable Input VAT 3,744,260.00
1009-Creditable Withholding Tax 1%
1009-Creditable Withholding Tax 2%
Non-Current Assets
1006-Transportation Equipment-Executive Vehicles 5,000,000.00
1007-Accumulated Depreciation-Executive Vehicle
1008-Transportation Equipment-Delivery Truck 1,200,000.00
1009-Accumulated Depreciation-Delivery Truck
1010-Computer Equipment 600,000.00
1011-Accumulated Depreciation-Computer Equipment
1012-Furnitures and Fixtures 5,000,000.00
1013-Accumulated Depreciation-Furnitures and Fixtures
1014-Security Deposits 200,000.00
1015-Deferred Input VAT - Computer Equipment 70,000.00
1016-Deferred Input VAT - Furnitures and Fixtures 590,000.00
1017-Deferred Input VAT - Executive Vehicle 587,500.00
1018-Deferred Input VAT - Delivery Truck 141,600.00
Current Liabilities
2001-Accounts Payable (A/P)
2002-Accrued Electricity Expense
2003-Accrued Water Expense
2004-Accrued Telecommunication Expense
2005-Output VAT
2007- WTAX 1%
2008-WTAX 2%
2009-WTAX 5%
2010-Withholding Payable
Owner's Equity
3001-Ordinary shares
3002-Share Premium
3003-Retained Earnings
Income
4001-Sales A350ML
4002-Sales B500ML
4003-Sales C750ML
4004-Distribution Income
4005-Sales Return and Allowances
Cost of Sales
5000-Cost of Good Sold
5001-Purchases A350ML
5002-Puchases B500ML
5003-Purchases C750ML
5005-Purchase Return & Allowances-B500ML
5007-Freight In
Expenses
6001-Rent Expense
6002-Salaries Expense
6004-Electricity Expense
6005-Water Expense
6006-Telecommunication Expense
6007-Freight Out
6011-Supplies Expense
6003-Depreciation Expense

TOTAL 196,594,347.62
 Trial Balance Trial Balance Initial Trial Balance
eriod ended month of January As of February 2019 as of February 2019
Credit Debit Credit Debit

30,166,640.01 51,629,799.99
31,194,800.00 30,713,200.00
35,756,547.62
7,543,200.00 7,543,200.00
3,744,260.00
666,120.00 666,120.00
51,520.00 51,520.00

5,000,000.00
104,166.67
1,200,000.00
16,666.67
600,000.00
16,666.67
5,000,000.00
83,333.33
200,000.00
70,000.00
590,000.00
587,500.00
141,600.00

92,596,000.00 27,440,000.01
5,500.00 5,500.00 -
11,000.00 11,000.00 -
3,300.00 3,300.00 -
4,070,700.00
3,000.00
20,000.00
3,000.00

80,000,000.00
20,000,000.00
3,757,714.29

10,400,000.00
11,375,000.00
15,600,000.00
2,300,000.00
5,752,500.00 5,752,500.00

16,000,000.00 16,000,000.00
 21,000,000.00 21,000,000.00
24,000,000.00 24,000,000.00
1,000,000.00
1,500,000.00 1,500,000.00

60,000.00 60,000.00
800,000.00 800,000.00
5,500.00 5,500.00 -
11,000.00 11,000.00 -
3,300.00 3,300.00 -
1,000,000.00 1,000,000.00
300,000.00 300,000.00

- -
196,594,347.62 106,152,940.01 106,152,940.01 213,906,247.61
Initial Trial Balance Adjustments Adjusted Trial Balance
as of February 2019 As of February 2019 As of February 2019
Credit Debit Credit Debit

26,360.00 51,603,439.99
30,713,200.00
32,045,709.84 67,802,257.46
7,543,200.00 -
3,501,160.00 7,245,420.00
666,120.00
51,520.00

5,000,000.00
104,166.67 104,166.67
1,200,000.00
16,666.67 16,666.67
600,000.00
16,666.67 16,666.67
5,000,000.00
83,333.33 83,333.33
200,000.00
2,000.00 68,000.00
10,000.00 580,000.00
12,500.00 575,000.00
2,000.00 139,600.00

65,155,999.99 26,360.00 26,360.00

10,450.00
6,050.00
3,300.00
4,070,700.00 4,070,700.00
3,000.00 3,000.00
20,000.00 20,360.00 360.00
3,000.00 3,000.00
26,360.00 26,360.00

80,000,000.00
20,000,000.00
3,757,714.29

10,400,000.00
11,375,000.00
15,600,000.00
2,300,000.00
5,752,500.00

29,454,290.16 29,454,290.16
16,000,000.00 -
 21,000,000.00 -
24,000,000.00 -
1,000,000.00 1,000,000.00
1,500,000.00 -

60,000.00
800,000.00
9,500.00 9,500.00
5,500.00 5,500.00
3,000.00 3,000.00
1,000,000.00
300,000.00
220,833.34 220,833.34

-
213,906,247.61 70,389,773.34 70,389,773.34 209,050,180.94
Adjusted Trial Balance Balance Sheet Post Closing Trial Balance
As of February 2019 As of February 2019 As of February 2019
Credit Debit Credit Debit

51,603,439.99
30,713,200.00
67,802,257.46
- -
7,245,420.00 -
666,120.00
51,520.00 -

5,000,000.00
208,333.34 208,333.34
1,200,000.00
33,333.33 33,333.33
600,000.00
33,333.33 33,333.33
5,000,000.00
166,666.67 166,666.67
200,000.00
68,000.00
580,000.00
575,000.00
139,600.00

65,155,999.99 65,155,999.99
10,450.00 10,450.00
6,050.00 6,050.00
3,300.00 3,300.00
-
-
-
-
-

80,000,000.00 80,000,000.00
20,000,000.00 20,000,000.00
3,757,714.29 3,757,714.29

10,400,000.00 10,400,000.00
11,375,000.00 11,375,000.00
15,600,000.00 15,600,000.00
2,300,000.00 2,300,000.00
 -

171,444,557.45 169,375,180.94 39,675,000.00

- 2,069,376.50
209,050,180.94 171,444,557.45 171,444,557.45 39,675,000.00
Post Closing Trial Balance Trial Balance
As of February 2019 As of February 2019
Credit Debit Credit

51,603,439.99
30,713,200.00
67,802,257.46

7,245,420.00
666,120.00
51,520.00

5,000,000.00
208,333.34
1,200,000.00
33,333.33
600,000.00
33,333.33
5,000,000.00
166,666.67
200,000.00
68,000.00
580,000.00
575,000.00
139,600.00

65,155,999.99
10,450.00
6,050.00
3,300.00

80,000,000.00
20,000,000.00
2,069,376.50 5,827,090.79

5,752,500.00

29,454,290.16
 60,000.00
800,000.00
9,500.00
5,500.00
3,000.00
1,000,000.00
300,000.00
220,833.34

39,675,000.00 171,444,557.45 171,444,557.45

- -
39,675,000.00 171,444,557.45 171,444,557.45
 CARRY ME ANYWHERE CORPORATION
Profit and Loss
As of February 2019
4001-Sales A350ML 10,400,000.00
4002-Sales B500ML 11,375,000.00
4003-Sales C750ML 15,600,000.00
4005-Sales Return and Allowances 5,752,500.00
NET SALES 31,622,500.00

5000-Cost of Good Sold 29,454,290.16

GROSS PROFIT 2,168,209.84

6001-Rent Expense 60,000.00

6002-Salaries Expense 800,000.00
6004-Electricity Expense 9,500.00
6005-Water Expense 5,500.00

6006-Telecommunication Expense 3,000.00

6007-Freight Out 1,000,000.00
6011-Supplies Expense 300,000.00
6003-Depreciation Expense 220,833.34 2,398,833.34
OPERATING INCOME - 230,623.50

4004-Distribution Income 2,300,000.00

GROSS INCOME 2,069,376.50