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Pa help naman po! A very popular and well-known food processing is operated under franchise by Vanilla Food Processing Company shows the following records after

Pa help naman po!

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A very popular and well-known food processing is operated under franchise by Vanilla Food Processing Company shows the following records after the second year of operations in the Visayas territory. Jordan Hardware & Construction Supply Adjusted - Trial Balance Vannilla Food Processing Co. December 31, 2019 Trial Balance December 31, 2019 Cash in Bank 2,050,000 Accounts Receivable 185,000 Cash in Bank 375,000 Estimated Uncollectible Accounts 4,000 Petty Cash Fund 10,000 Merchandise Inventory, Jan. 1, 2019 2,980,000 Accounts Receivable 65,000 Unused Supplies 54,000 Finished Goods, Jan. 1, 2019 150,000 Furniture & Fixtures 1,300,000 Goods in Process - Jan. 1, 2019 75,000 Accumulated Depreciation - Furniture & Fixture 520,000 Raw Materials - Jan. 1, 2019 185,000 Accounts Payable 980,000 Machinery and Equipment 380,000 N. Alegre, Capital 2,382,010 Accumulated Depreciation - Machinery & Equipment 76,000 N. Alegre, Drawing 60,000 Office Equipment 120,000 Sales 5,452,000 Accumulated Depreciation- Office Equipment 24,000 Sales Discounts 12,500 Franchise 315,000 Sales Returns & Allowances 14,600 Accounts Payable 67,000 Purchases 1,880,000 E. Detoya, Capital 1,692,000 Purchase Discounts 5,900 Sales 1,350,000 Purchase Returns and Allowances 10,300 Purchases - Raw Materials 295,000 Freight-In 9,810 Direct Labor 350,000 Sales Salaries - Selling 188,000 Indirect Labor 285,000 Office Salaries - General 160,000 Taxes and Licences 84,000 Taxes and Licences - General 64,300 Repairs and Maintenance 120,000 Rent Expense - General 176,00 Light and Water 160,000 Utilities Expense - General 140,000 Office Supplies Expense 240,000 Sales Commission - Selling 80,000 Total 3,209,000 3,209,000 Total 9,354,210 9,354,210 Additional Data: Merchandise Inventory- December 31, 2019 - P 1,010,000 Additional Information: Inventories on December 31, 2010 comprised of the following: 350,000 Jordan Hardware & Construction Supply is a client of Ma. Cecilia Lafaras, CPA. Nathalyn S. Alegre, the Finished Goods owner-manager sought your assistance to prepare for her the following: Goods in Process 286,000 Raw Materials 90,000 a. Schedule of Cost of Sales b. Statement of Financial Performance Required: c. Statement of Owner's Equity 1. Statement of Cost of Goods Manufactured and Sold d. Statement of Financial Position 2. Statement of Financial Performance 3. Statement of Changes in Capital 4. Statement of Financial Position

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