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ASSETS

CURRENT ASSETS
CASH AND CASH EQUIVALENT ₱ 239,000.00
PREPAID RENT 3,000
MERCHANDISE INVENTORY 50,000
SUPPLIES 5,000
297,000
NON- CURRENT ASSETS
EQUIPMENT 25,000
TRUCK 200,000
LESS :ACCUMULATED DEP. EQUP. 5,000
LESS: ACCUMULATEDDEP. TRUCK 10,000
NON- CURRENT ASSETS TOTAL: 240,000

TOTAL ASSETS: 537,000


LIABILITY
ACCOUNTS PAYABLE 40,000
UTILITY EXPENSE 20,000
SALARIES EXPENSE 80,000
RENT EXPENSE 14,000
MISCELLANEOUS EXPENSE 5,000
INTEREST EXPENSE 48,000
NON- CURRENTS LIABILITY
LONG- TERM DEBT 200,000

OWNER'S EQUITY
HPC, CAPITAL 130,000

TOTAL LIABILITY AND OE: 537,000

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