Mary Joy will start her business on November, 2022. Her business name will be M.J Fertilizer. She wants to compute her projected cost. Try to help Mary Joy in computing her financial statements. Compute for: Projected cost, Income statement, Balance sheet and Cash flow (For one month only) Given:( For one month) Monthly sales of Php 64,416.00 Blender- Php 1,575.00 (lifespan-5 years) Table-Php 975.00 Chair- Php 100.00 (she will need 2 chairs) Ball pen- Php 50.00 Record book- Php 58.00 Receipt - Php 47.00 Garbage bag-Php 30.00 Dustpan and broom -Php 60.00 Water bill-Php 238.00 Electricity bill-Php 238.00 Rent-Php 1,000.00 Raw materials- Php 6,038.40 Packaging Materials- Php16,946.88 Salary Expense- Php 14,880.00 There will not be income tax because Mary joy registered to the BMBE or Barangay Micro Business Enterprises.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Mary Joy will start her business on November, 2022. Her business name will be MJ Fertilizer. She wants
to compute her projected cost. Try to help Mary Joy in computing her financial statements.
Compute for: Projected cost, Income statement, Balance sheet and Cash flow (For one month only)
Given:( For one month)
Monthly sales of Php 64,416.00
Blender- Php 1,575.00 (lifespan-5 years)
Table-Php 975.00
Chair- Php 100.00 (she will need 2 chairs)
Ball pen- Php 50.00
Record book- Php 58.00
Receipt - Php 47.00
Garbage bag-Php 30.00
Dustpan and broom-Php 60.00
Water bill-Php 238.00
Electricity bill- Php 238.00
Rent- Php 1,000.00
Raw materials- Php 6,038.40
Packaging Materials- Php16,946.88
Salary Expense- Php 14,880.00
There will not be income tax because Mary joy registered to the BMBE or Barangay Micro
Business Enterprises.
Transcribed Image Text:Mary Joy will start her business on November, 2022. Her business name will be MJ Fertilizer. She wants to compute her projected cost. Try to help Mary Joy in computing her financial statements. Compute for: Projected cost, Income statement, Balance sheet and Cash flow (For one month only) Given:( For one month) Monthly sales of Php 64,416.00 Blender- Php 1,575.00 (lifespan-5 years) Table-Php 975.00 Chair- Php 100.00 (she will need 2 chairs) Ball pen- Php 50.00 Record book- Php 58.00 Receipt - Php 47.00 Garbage bag-Php 30.00 Dustpan and broom-Php 60.00 Water bill-Php 238.00 Electricity bill- Php 238.00 Rent- Php 1,000.00 Raw materials- Php 6,038.40 Packaging Materials- Php16,946.88 Salary Expense- Php 14,880.00 There will not be income tax because Mary joy registered to the BMBE or Barangay Micro Business Enterprises.
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