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  • Balance Sheet Day 5

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    Jenmae Dacullo Mansiguin
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    The JenMae Company balance sheet as of September 19, 2023 shows total assets of $36,760,290 including current assets of $15,530,290 such as $8,543,780 in cash and $1,696,000 in accounts receivable, and fixed assets of $21,230,000 including $15,000,000 in buildings. Total liabilities are $8,138,000 comprising $6,638,000 in accounts payable and $1,500,000 in long term loans payable. Total equity is $28,622,290 consisting of $28,000,000 in capital and $622,290 in net income.

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    The JenMae Company balance sheet as of September 19, 2023 shows total assets of $36,760,290 including current assets of $15,530,290 such as $8,543,780 in cash and $1,696,000 in accounts receivable, and fixed assets of $21,230,000 including $15,000,000 in buildings. Total liabilities are $8,138,000 comprising $6,638,000 in accounts payable and $1,500,000 in long term loans payable. Total equity is $28,622,290 consisting of $28,000,000 in capital and $622,290 in net income.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    13 views5 pages

    Balance Sheet Day 5

    Uploaded by

    Jenmae Dacullo Mansiguin
    The JenMae Company balance sheet as of September 19, 2023 shows total assets of $36,760,290 including current assets of $15,530,290 such as $8,543,780 in cash and $1,696,000 in accounts receivable, and fixed assets of $21,230,000 including $15,000,000 in buildings. Total liabilities are $8,138,000 comprising $6,638,000 in accounts payable and $1,500,000 in long term loans payable. Total equity is $28,622,290 consisting of $28,000,000 in capital and $622,290 in net income.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    of 5

    7:18 PM JenMae Company

    09/17/23
    Accrual Basis
    Balance Sheet
    As of September 19, 2023

    Sep 19, 23
    ASSETS
    Current Assets
    Checking/Savings
    Cash in Bank
    PBB Bank 7,439,000.00
    PGT Bank 1,104,780.00
    Total Cash in Bank 8,543,780.00
    Petty Cash Fund 20,000.00
    Total Checking/Savings 8,563,780.00
    Accounts Receivable
    Accounts Receivable 1,696,000.00
    Total Accounts Receivable 1,696,000.00
    Other Current Assets
    Inventory Asset 5,106,490.00
    Prepayments
    Office Supplies 100,000.00
    Prepaid Insurance 24,000.00
    Total Prepayments 124,000.00
    Undeposited Funds 40,020.00
    Total Other Current Assets 5,270,510.00
    Total Current Assets 15,530,290.00
    Fixed Assets
    Building 15,000,000.00
    Delivery Equipment 650,000.00
    Furniture & Fixtures 250,000.00
    Land 5,000,000.00
    Landscaping 200,000.00
    Office Equipment 130,000.00
    Total Fixed Assets 21,230,000.00
    TOTAL ASSETS 36,760,290.00
    LIABILITIES & EQUITY
    Liabilities
    Current Liabilities
    Accounts Payable
    Voucher's Payable 6,638,000.00
    Total Accounts Payable 6,638,000.00
    Total Current Liabilities 6,638,000.00
    Long Term Liabilities
    Loan Payable 1,500,000.00
    Total Long Term Liabilities 1,500,000.00
    Total Liabilities 8,138,000.00

    Page 4 of 5
    7:18 PM JenMae Company
    09/17/23
    Accrual Basis
    Balance Sheet
    As of September 19, 2023

    Sep 19, 23
    Equity
    EK Capital 28,000,000.00
    Net Income 622,290.00
    Total Equity 28,622,290.00
    TOTAL LIABILITIES & EQUITY 36,760,290.00

    Page 5 of 5

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