Name: Molina Jorjie M.

Grade 12 Nathaniel

ABC COMPANY
BALANCE SHEET
For the Year Ended December 2019

ASSETS

Current Asset
Cash P620,356
Accounts Receivable 165,780
Inventory 236,948
Supplies 112,447
Temporary Investment 46,666
Total Current Assets P1,182,197

Non Current Asset

Land P1,000,000
Building 864,779
Machinery and Equipment 556,956
Furniture and Fixture 336,421
Goodwill 12,000
Total Non Current Asset P2,770,156
Total Assets P3,952,353
 Liabilities and Owners Equity
Current Liability
Accounts Payable P685,222
Notes Payable 321,000
Salaries Payable 169,800
Total Current Liability P1,176,022

Non Current Liability

Mortgage Payable P620,331
Total Non Current Liability 620, 331

Owners Equity
ABC, Capital 2,156,000

Total Liabilities and Owners Equity P3,952,353