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    Mazy San Juan
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    The statement shows that as of December 31, 2019, Dale's Gardens has total assets of PHP 517,000 consisting of current assets like cash, accounts receivable, and supplies totaling PHP 376,000 and noncurrent assets of garden tools and equipment worth PHP 150,000. Total liabilities are PHP 227,000 comprising current liabilities such as accounts payable of PHP 155,000 and salaries/utilities payable totaling PHP 182,000 along with noncurrent notes payable of PHP 45,000. Owner D. Ramos has a capital contribution of PHP 290,000.

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    The statement shows that as of December 31, 2019, Dale's Gardens has total assets of PHP 517,000 consisting of current assets like cash, accounts receivable, and supplies totaling PHP 376,000 and noncurrent assets of garden tools and equipment worth PHP 150,000. Total liabilities are PHP 227,000 comprising current liabilities such as accounts payable of PHP 155,000 and salaries/utilities payable totaling PHP 182,000 along with noncurrent notes payable of PHP 45,000. Owner D. Ramos has a capital contribution of PHP 290,000.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    Download as xlsx, pdf, or txt
    6 views2 pages

    Activity 3

    Uploaded by

    Mazy San Juan
    The statement shows that as of December 31, 2019, Dale's Gardens has total assets of PHP 517,000 consisting of current assets like cash, accounts receivable, and supplies totaling PHP 376,000 and noncurrent assets of garden tools and equipment worth PHP 150,000. Total liabilities are PHP 227,000 comprising current liabilities such as accounts payable of PHP 155,000 and salaries/utilities payable totaling PHP 182,000 along with noncurrent notes payable of PHP 45,000. Owner D. Ramos has a capital contribution of PHP 290,000.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 2

    Dale’s Gardens

    Statement of Financial Positon


    As of December 31, 2019
    Assets
    Current Assets
    Cash Php !50,000.00
    Accounts Receivable
    Garden Supplies and Materials
    Prepaid Advertising
    Total Current Assets Php 376,000.00
    Noncurrent Assets
    Garden Tools and Equipment Php 150,000.00
    Total Noncurrent Assets Php 150,000.00
    Total Assets Php 517,000.00

    Liabilities and Owner's Equity


    Current Liabilities
    Accounts Payable Php 155,000.00
    Salaries Payable
    Utilities Payable
    Total Current Liabilities Php 182,000.00
    Noncurrent Liabilities
    Notes Payable, 5 years Php 45,000.00
    Total Noncurrent Liabilities Php 45,000.00
    Total Liabilities Php 227,000.00
    D. Ramos, Capital Php 290,000.00
    Total Liabilities and Owner's Equity Php 517,000.00
    Php !50,000.00
    125,000.00
    80,000.00
    12,000.00
    Php 376,000.00

    Php 150,000.00
    Php 150,000.00
    Php 517,000.00

    Php 155,000.00
    21,000.00
    6,500.00
    Php 182,000.00

    Php 45,000.00
    Php 45,000.00
    Php 227,000.00
    Php 290,000.00
    Php 517,000.00

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