AAA company

Statement Of Financial Position

December 31, 201A
Current Asset
Cash in Banks ₱ 123,000.00
Petty Cash Funds ₱ 10,000.00
Accounts Receivable ₱ 659,340.00
Less: Allowance for bad debt ₱ 15,000.00
Notes Receivable ₱ 132,200.00
Mechandising Inventory, Dec. 31 201A ₱ 774,460.00
Prepaid Expenses ₱ 3,200.00
Total Current assets ₱ 1,687,200.00

Non-Current Asset
Furniture and Fixtures ₱ 800,000.00
Less: Accumulated Depriciation- Furniture and Fixtures ₱ 40,000.00
Office Equipment ₱ 1,500,000.00
Less: Accumulated Depriciation- Office Equipment ₱ 150,000.00
Total Non-Current assets ₱ 2,110,000.00
Total Assets ₱ 3,797,200.00
Current Liabilities
Accounts Payable ₱ 960,300.00
Note Payable-Noncurrent ₱ 229,000.00
SSS, PhilHealth, HDMF Payable ₱ 4,000.00
Withholding taxes payable ₱ 2,600.00
Accrued expense payable ₱ 1,300.00
Total Liabilities ₱ 1,197,200.00

Owner's Equity
Adrian Avendano, Capital ₱ 2,600,000.00
Total Owner's Equity ₱ 2,600,000.00
Total Liabilities & Owners Equity ₱ 3,797,200.00
 AAA company
Statement Of Financial Position
December 31, 201A
Current Asset Current Liabilities
Cash in Banks ₱ 123,000.00 Accounts Payable
Petty Cash Funds ₱ 10,000.00 Note Payable-Noncurrent
Accounts Receivable ₱ 659,340.00 SSS, PhilHealth, HDMF Payable
Less: Allowance for bad debt ₱ 15,000.00 Withholding taxes payable
Notes Receivable ₱ 132,200.00 Accrued expense payable
Mechandising Inventory, Dec. ₱ 774,460.00
Prepaid Expenses ₱ 3,200.00 Total Liabilities

Total Current assets ₱ 1,687,200.00 Owner's Equity

Adrian Avendano, Capital
Non-Current Asset
Furniture and Fixtures ₱ 800,000.00 Total Owner's Equity
Less: Accumulated Depriciatio ₱ 40,000.00
Office Equipment ₱ 1,500,000.00
Less: Accumulated Depriciati ₱ 150,000.00

Total Non-Current assets ₱ 2,110,000.00

Total Assets ₱ 3,797,200.00 Total Liabilities &Owner's Equity

₱ 960,300.00
₱ 229,000.00
₱ 4,000.00
₱ 2,600.00
₱ 1,300.00

₱ 1,197,200.00

₱ 2,600,000.00

₱ 2,600,000.00

₱ 3,797,200.00