Nejopia Tutorial Center Computational Notes to Stat

Statement of Fina Note1

For the year 2021 Accounts Receivable
Less:Allowance for doubtful
ASSETS Notes Receivable
Current assets Advance to Employees
Cash P.94,550 Accrued interest Income
Trade and other recivables (note 1) 98,160 Total Trade and other Recei
Prepaid expenses ( note 2) 28,600
Investing in Trading Securities 50,000 Note2
Total Current assets P. 271,310 Office Supplies
Prepaid Insurance
Non-current assets Prepaid Rent
Property, Plant and Equipment (note3) 484,340 Total Prepaid Expenses

Total Assets P. 755,650 Note3

Equipment
Liabilities and Owner's Equity Less: Accumulated deprecia
Current Liabilities Furniture and fixtures
Trade and other payables(note4) P79,500 Less: Accumulated deprecia
Carrying Value
Non-current Liabilities
Mortgage Payable 150,000 Note 4
Total Liabilities P.229,500 Accounts Payable
Notes Payable
Owner's Equity Unearned service income
Nejopia Capital 526,100 Accrued utilities expense
Total Liabilities and Owner's Equity P, 755,650 Withholding taxes payable
Total trade and other payab

Clean Shoe and Repair Shop

Statement of Financial Position
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ASSETS
Note
Current Assets Note 1
Cash P50,000
Trade and other receivable(note1) 54,800 P104,800

Non-current assets
Property, plant and equipment (note 2) 76,825 Notes 2

Total Assets P 181,625

Liabilities and Owner's Equity

Current Liabilities
trade and other payables(note3) P26,200 Notes 3

Non-current Liabilities
Long-term Notes Payable 25,000
Total Liabilities P51,200

Owner's Equity
Mr Clean . Capital 130,425

Total liabilities and Owner's Equity P.181,625

mputational Notes to Statement of Financial Position

counts Receivable P52,425

ss:Allowance for doubtful accounts 5,500 P46,925
tes Receivable 40,000
vance to Employees 10,000
crued interest Income 1,235
tal Trade and other Receivable 98,160

ice Supplies P9,850

epaid Insurance 6,750
12,000
tal Prepaid Expenses P28,600

P 518,500
ss: Accumulated depreciation 112,350
rniture and fixtures 126,750
ss: Accumulated depreciation 48,560 78,190
rrying Value P. 484,340

counts Payable P23,450

tes Payable 42,500
earned service income 4,500
crued utilities expense 3,450
thholding taxes payable 5,650
tal trade and other payables P. 79,550

Accounts Receivable P45,000

Less Allowance for doubtful Accounts 5,200 P39,800
Notes Receivable 15,000
Total trade and other receivables P54,800
Equipment P85,000
Less Accumulated depreciation 26,175 58,825
Furniture and Fixtures P27,000
Less Accumulated depreciation 9,000 18,000
Total Carrying Value P76,825

Accounts Payable P18,000

Slaries and Wages Payable 5,800
interest Payable 2,400
Total trade and other payables P 26,200