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Lucky Charm Mini Mart
Lucky Charm Mini Mart
Lucky Charm Mini Mart
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Merchandise Inventory, Beginning ₱ 96,500.00
DEPRECIATION EXPENSE
₱ 3,000.00
₱ 2,880.00
₱ 5,880.00
MARKETABLE SECURITIES ACCOUNTS RECEIVABLE
₱ 15,000.00 ₱ 458,000.00
Current Assets
Cash on Hand ₱ 15,485.00
Cash in Bank ₱ 23,750.00
Marketable Securities ₱ 15,000.00
Accounts Receivable ₱ 458,000.00
Allowance for Bad Debts ₱ 8,082.40 ₱ 449,917.60
Notes Receivable ₱ 18,000.00
Merchandise Inventory ₱ 137,520.00
Unused Supplies ₱ 7,980.00
Prepaid Insurance ₱ 6,400.00
Prepaid Rent ₱ 5,887.50
Prepaid Advertisement ₱ 3,045.00
Accrued Interest Receivable ₱ 360.90
TOTAL CURRENT ASSETS ₱ 683,346.00
Current Liabilities
Accounts Payable ₱ 36,200.00
Notes Payable ₱ 16,300.00
Bank Loan-PNB ₱ 35,000.00
Accrued Interest Payable ₱ 225.67
Unearned Income ₱ 3,440.00
TOTAL CURRENT LIABILITIES ₱ 91,165.67