ASSESSMENT ACCT 11 - 9

Instruction: Prepare a statement of Financial Position using the worksheet. (30 Points)

E. Mortiz, lawyer
Worksheet
March 31, 2019
TRIAL ADJUSTMENS ADJUSTED INCOME BALANCE
ACCOUNTS BALNCE TRIAL STATEMENT SHEET
BALANCE

DR CR DR CR DR CR DR CR DR CR
Cash 940 940 940

Accounts 0 0 0
Receivable
Library 5000 5000 5000
Office 4350 4350 4350
Equipment
Office Supplies 250 50 200 200
Notes Payable 2000 2000 2000
Accounts 0 0 0
Payable-OST
E.Mortiz, 8000 8000 8000
Capital
E. Mortiz, 800 800 800
Personal
Professional 3400 3400 3400
fees Income
Insurance 550 550 550
Expense
Salaries 1200 1200 1200

Interest 60 6 66 66
Expense
Utilities 250 250 250

TOTAL 13,400 13,400

Cleaning 50 50 50
supplies used
Depreciation – 435 435 435
Office
Equipment
Accumulated 435 435 435
Depreciation –
Office
Equipment
Accrued 6 6 6
Interest
Expense
2551 3400 11440 10441

Net profit 849 849

3400 3400 11340 11440

Bulacan Date Developed:

1 June 2020
COMPUTER Polytechnic Date Revised: Page 1 of 2
SECRETARIAL College July 2020
ACCT 11 Document No. Developed by:
Revision # 02
Principle of Accounting 50-ACCT 11 Sarah Joy Dumalay Martin
 ANSWER SHEET
ACCT 11 - 9

E. Mortiz, lawyer
Statement of Financial Position
March 31, 2019
Asset
Current

Total current
Non-current

Total Assets
Liabilties
Current

Total Liabilities
Equity

Add: net profit

Net capital
Less: E. Mortiz, Personal
Ending Capital
Total Liabilities and Equity

Bulacan Date Developed:

2 June 2020
COMPUTER Polytechnic Date Revised: Page 2 of 2
SECRETARIAL College July 2020
ACCT 11 Document No. Developed by:
Revision # 02
Principle of Accounting 50-ACCT 11 Sarah Joy Dumalay Martin