Company Industrious

Statement of Financial Position

As of December 31, 2021

Assets
Current Assets
Cash ₱26,300
Accounts Receivable 3,200

Total Current Assets ₱29,500

Non-current Assets
Land 15,000

Total Assets ₱44,500

Liabilities and Owner’s Equity

Current Liabilities
Accounts Payable ₱500
Long-Term Liabilities
Notes Payable (3 years) 10,000
Total Liabilities ₱10,500
Owner’s Equity
Mr. Chu, Capital 34,000
Total Equity ₱34,000

Total Liabilities and Owner’s Equity ₱44,500