RODES PHARMACY AND GEN.

MSDE
Working Trial Balance (TIN # 137-714-587-000) 200,000.00
As Of December 31, 2014 25,000.00
15,000.00
250,000.00
10,000.00
Beginning Balance Transaction
Account Title Dr. Cr.
Cash on Hand and in Bank 149,202 a)

Ceditable Deffered Taxes - a)

Rental Deposit -
Medicine Inventory 85,005 b)
Land 300,000
Building 200,000
Acc. Dep.- Building 40,333
Store Equipment 25,000
Acc. Dep.- Store Equipment 5,042
Store Furniture & Fixtures 15,000
Acc. Dep.- Store Furniture & Fixtures 3,025
Service Vehicle 250,000
Acc. Dep.- Service Vehicle 50,417
Tools 10,000
Acc. Dep.- Tools 2,017
Trade Payable 366,151 e)
Percentage Tax Pyable d
Income Tax Payable
Rolando Blancia Capital 567,222
Drawings -
Net Income (Loss) -
Total 1,034,207 1,034,207
-
Sales

Cost Of Sales c
Medicines Purchases c)
Communication, Light & Water c)
Fuel, Oil & Lubricant c)
Miscellaneous 1 c)
Office Supplies c)
Taxes & Licenses c)
Depreciation
Total
-
 100,833 36,667
40,333 14,667 199,583.00
5,042 1,833
3,025 1,100
50,417 18,334
500,000.00 2,017 733
Transaction Adjustment
Dr. Cr. Dr. Cr.
466,085 c) 314,680
d 10,286
e) 150,000

169,167 c 201,500

a) 14,667

a) 1,833

a) 1,100

a) 18,334

a) 733
150,000 C)
10,286 a) 13,575

a) 452,510

201,500
169,167 b) 169,167
33,870
31,700
19,300
23,417
37,226
a) 36,667
1,311,718 1,311,718 36,667 36,667
-
 50,000.00
28,577.00 768.00 27,809.30 28,577.30
237,700.00

316,277.00
Adjusted Trial Balance Profit & Loss Balance Sheet
Dr. Cr. Dr. Cr. Dr.
140,321 140,321

- -
- -
- -
52,672 52,672
300,000 300,000
200,000 200,000
55,000
25,000 25,000
6,875
15,000 15,000
4,125
250,000 250,000
68,751
10,000 10,000
2,750
216,151
3,289
-
567,222
- -
-

452,510 452,510
-
201,500 201,500
- -
33,870 33,870
31,700 31,700
19,300 19,300
23,417 23,417
37,226 37,226
36,667 36,667
1,376,673 1,376,673 383,680 452,510 992,993
68,830
- 452,510 452,510 992,993
-
70,000 - 68,830

50,000

18,830

10,000 500

8,830 883

1,383
Balance Sheet
Cr.

55,000

6,875

4,125

68,751

2,750
216,151
3,289
-
567,222

924,163
68,830
992,993
67,447
RODES PHARMACY AND GEN. MSDE
Notes To Financial Statement

1 Operating Expenses
2014
This account consist of :
Communication, Light & Water P 33,870
Fuel, Oil & Lubricant 31,700
Miscellaneous 19,300
Office Supplies 23,417
Taxes & Licenses 37,226
Depreciation 36,667
Total P 182,180

2 Property and Equipment

2014
This account consist of :
Land P 300,000
Building 200,000
Store Equiptment 25,000
Store Furniture & Fixtures 15,000
Service Vehicle 250,000
Tools 10,000
Total 800,000
Accumulated Depreciation-Beg 100,834
Depreciation for the year 36,667
Accumulated Depreciation- End 137,501
Net Book Value P 662,499

3 Cost Of Sales 2014

This account consist of :
Medical Drugs Inventories-Beginning P 85,005
Add: Purchases 169,167
Medical Drugs Available For Sale 254,172
Deduct : Medical Drugs Inventories-End 52,672
Cost Of Sales P 201,500
RODES PHARMACY AND GEN. MSDE
STATEMENT OF INCOME
For The Year Ended December 31, 2014

Notes 2014
Revenues:

Sales P 452,510

Cost Of Sales 3 201,500

Gross Profit 251,010

Operating Expenses 1 182,180

Net Income (Loss) Before Tax 68,830

Provision for Income Tax 1,383

Net Income (Loss) After Tax P 67,447

See accompanying Notes to Financial Statements
RODES PHARMACY AND GEN. MSDE
Statements of Financial Position
As Of December 31, 2014

Assets
Notes
2014
Currrent Assets:
Cash on Hand & Cash Equivalent P 140,321
Medicines Inventories 3 52,672
Total 192,993

Noncurrent assets
Property and Equipment 2 662,499
Total 662,499

Total Assets P 855,492

Liabilities and Capital

Current Liabilities :
Trade & Other Payable P 216,151
Percentage Tax Payable 3,289
Income Tax Payable 1,383
Total 220,823

Capital :
Rolando Blancia Capital 567,222
Net Income for The Year 67,447
Less : Drawings -
Total 634,669

Total Liabilities and Capital P 855,492

See accompanying Notes to Financial Statements

-
RODES PHARMACY AND GEN. MSDE
Working Trial Balance (TIN # 137-714-587-000)
As Of December 31, 2016

24,756.30

Beginning Balance Transaction

Account Title Dr. Cr. Dr.
Cash on Hand and in Bank 47,841 a) 675,125 c)
e)
f)
g)
h)
d)

Deferred Taxes 897 g) 961 h)

Medicine Inventory 210,887 - c) 404,991 d)

Land 300,000
Building 200,000
Acc. Dep.- Building 69,667
Store Equipment 25,000
Acc. Dep.- Store Equipment 8,708
Store Furniture & Fixtures 15,000
Acc. Dep.- Store Furniture & Fixtures 5,225
Service Vehicle 250,000
Acc. Dep.- Service Vehicle 87,085
Tools 10,000
Acc. Dep.- Tools 3,483
Trade Payable 179,749 f) 100,000 C)
Percentage Tax Pyable 3,289 d) 21,467 a)
Income Tax Payable 1,270 h) 1,270
Rolando Blancia Capital 701,149
Drawings
Net Income (Loss)
Total 1,059,625 1,059,625
-
Sales a)

Cost Of Sales d) 394,504

Medicines Purchases c) 404,991 c)
Communication, Light & Water 45,897 159,832 e) 59,832
Fuel, Oil & Lubricant 59,832 e) 45,897
Miscellaneous e) 24,103
Office Supplies e) 4,941
Taxes & Licenses e) 15,000
Depreciation
Total 2,153,083
-
 27,809.30

Transaction Adjustment Adjusted Trial Balance Profit & Loss

Cr. Dr. Cr. Dr. Cr. Dr.
404,991 45,401
149,773
100,000
961
373
21,467

897 961

394,504 221,374
300,000
200,000
a) 14,667 84,334
25,000
a) 1,833 10,541
15,000
a) 1,100 6,325
250,000
a) 18,334 105,419
10,000
a) 733 4,216
79,749
19,664 1,486
-
701,149

655,462 655,462

394,504 394,504
404,991 -
59,832 59,832
45,897 45,897
24,103 24,103
4,941 4,941
15,000 15,000
a) 36,667 36,667 36,667
2,153,083 36,667 36,667 1,648,680 1,648,680 580,944
74,518
- 655,462
70,000 - 74,518

50,000

24,518

10,000

14,518
 27,809.30

Profit & Loss Balance Sheet

Cr. Dr. Cr.
45,401

961

221,374 -
300,000
200,000
84,334
25,000
10,541
15,000
6,325
250,000
105,419
10,000
4,216
79,749
1,486
-
701,149
-

655,462
-

655,462 1,067,736 993,219

74,518
655,462 1,067,736 1,067,736
 -

72,566

500

1,452

1,952
 RODES PHARMACY AND GEN. MSDE
Statements of Financial Position
As Of December 31, 2016

Assets
Notes
2016 2015
Currrent Assets:
Cash on Hand & Cash Equivalent P 45,401 47,841
Medicines Inventories 3 221,374 210,887
Deferred Taxes 961 897
Total 267,736 259,625

Noncurrent assets
Property and Equipment 2 589,165 625,832
Total 589,165 625,832

Total Assets P 856,901 885,457

Liabilities and Capital

Current Liabilities :
Trade & Other Payable P 79,749 179,749
Percentage Tax Payable 1,486 3,289
Income Tax Payable 1,952 1,270
Total 83,187 184,308

Capital :
Rolando Blancia Capital 701,149 634,669
Net Income for The Year 72,566 66,480
Less : Drawings
Total 773,715 701,149

Total Liabilities and Capital P 856,901 885,457

See accompanying Notes to Financial Statements
 RODES PHARMACY AND GEN. MSDE
STATEMENT OF INCOME
For The Year Ended December 31, 2016

Notes 2016 2015

Revenues:

Sales P 655,462 P 752,329

Cost Of Sales 3 394,504 394,504

Gross Profit 260,958 357,825

Operating Expenses 1 186,440 290,069

Net Income (Loss) Before Tax 74,518 67,756

Provision for Income Tax 1,952 1,270

Net Income (Loss) After Tax P 72,566 P 66,486

See accompanying Notes to Financial Statements
RODES PHARMACY AND GEN. MSDE
Notes To Financial Statement

1 Operating Expenses
2016 2015
This account consist of :
Communication, Light & Water P 59,832 69,135
Fuel, Oil & Lubricant 45,897 78,770
Miscellaneous 24,103 51,500
Office Supplies 4,941 35,997
Taxes & Licenses 15,000 18,000
Depreciation 36,667 36,667
Total P 186,440 P 290,069

2 Property and Equipment

2016 2015
This account consist of :
Land P 300,000 P 300,000
Building 200,000 200,000
Store Equiptment 25,000 25,000
Store Furniture & Fixtures 15,000 15,000
Service Vehicle 250,000 250,000
Tools 10,000 10,000
Total 800,000 800,000
Accumulated Depreciation-Beg 174,168 137,501
Depreciation for the year 36,667 36,667
Accumulated Depreciation- End 210,835 174,168
Net Book Value P 589,165 P 625,832

3 Cost Of Sales 2016 2015

This account consist of :
Medical Drugs Inventories-Beginning P 210,887 P 52,672
Add: Purchases 404,991 552,719
Medical Drugs Available For Sale 615,878 605,391
Deduct : Medical Drugs Inventories-End 221,374 210,887
Cost Of Sales P 394,504 P 394,504
RODES PHARMACY AND GEN. MSDE
2551M Annalysis
For The Year 2015

2307 -Real
Pharmacy Estate Inc.
January 54,462
February 49,638
March 59,058
April 49,700
May 40,409
June 48,500 142,753
July 114,001
August 89,417
September 45,198
October 138,208
November 90,442
December 54,379
697,772 278,393 976,165

1701Q_ 2015

Gross Income Inc. Tax Paid Purchases Electric bill Water bill

1st Qtr 166,628 209 110,000 6,232 567

2nd Qtr 185,843 300 132,963 6,520 688

3rd Qtr 198,802 387 138,308 6,746 1,018

4th Qtr 201,057 141,448 6,565 799

Total 752,329 897 522,719 26,063 3,072
752,329
300,932 29,135
Gas & Fuel
 INCOME TAX TABLE

If Taxable Income is Tax Due

1 Not Over P 10.000 5%

2 Over P 10,000 P 500 + 10% of the

but not over P 30,000 excess over P 10,000

3 Over P 30,000 P 2,500 + 15% of the

but not over P 70,000 excess over P 30,000

4 Over P 70,000 P 8,500 + 20% of the

but not over P 140,000 excess over P 70,000

5 Over P 140,000 P 22,500 + 25% of the

but not over P 250,000 excess over P 140,000

6 Over P 250,000 P 50,000 + 30% of the

but not over P 500,000 excess over P 250,000

7 Over P 500,000 P 125,000 + 32% of the

excess over P 500,000