Food Venture Company

Balance Sheet

As of December 31, 2019

ASSETS

Cash 1,945,000

Equipment 120, 000

Building 1,500,000

Accumulated Depreciation (Building) (300,000)

Supplies 220, 000

Automobile 350, 000

Total Assets 3,235, 000

LIABILITY

Accounts Payable 250, 000

Utilities Payable 115, 000

Notes Payable 350, 000

Total Liabilities 715,000

EQUITY

FVC, Capital 3,120,000

Total Liability & Total Owner’s Capital 3,835, 000
 Food Venture Company

Statement of Cash Flow

For The Year Ended December 31 , 2019

Operating Activities:

Sales Revenue 560,000. 00

Rent Expense (120,000.00)

Salary Expense (150,000.00)
Tax & Licenses Expense (95,000.00)
Advertising Expense (75,000.00)
Gas & Fuel Expense (85,000.00)
Accounts Payable 250,000.00
Notes Payable 350,000.00

Net Cash Flow from Operating Activities 635,000.00

Financing Activities:

Net Cash Flow from Financing Activities ₱0. 00

Investing Activities:
Investing Activities:
Investment of the owner to Company A 1,750,000.00
Investment of the owner to Company C 1,750,000.00
Purchased Equipments and Buildings (1,620,000.00)
Purchased Automobile (350,000.00)
Purchased Supplies (220,000.00)

Net Cash Flow from Investing Activities 1,310,000.00

Net Cash Flows ₱1,945,000. 00

Additional – Beginning Cash Balance ₱0.00

Ending Cash Balance ₱1,945,000. 00