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    SOLE DISTRIBUTORS - BAl SHEET

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    rachelprincess.monteroso23
    This balance sheet shows Sole Distributors had current assets of ₱48,800 including ₱9,400 in cash and ₱25,000 in inventories as of May 31, 2023. Total assets were ₱58,800 including ₱10,000 in property, plant and equipment. Total liabilities of ₱17,200 included ₱5,200 in accounts payable and ₱12,000 in notes payable, with Mark Yu's capital listed at ₱41,600 and total equity equal to total assets of ₱58,800.

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    SOLE DISTRIBUTORS - BAl SHEET

    Uploaded by

    rachelprincess.monteroso23
    6 views1 page
    This balance sheet shows Sole Distributors had current assets of ₱48,800 including ₱9,400 in cash and ₱25,000 in inventories as of May 31, 2023. Total assets were ₱58,800 including ₱10,000 in property, plant and equipment. Total liabilities of ₱17,200 included ₱5,200 in accounts payable and ₱12,000 in notes payable, with Mark Yu's capital listed at ₱41,600 and total equity equal to total assets of ₱58,800.

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    balance sheet of sole distributors

    Original Title

    SOLE DISTRIBUTORS.BAl SHEET

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    This balance sheet shows Sole Distributors had current assets of ₱48,800 including ₱9,400 in cash and ₱25,000 in inventories as of May 31, 2023. Total assets were ₱58,800 including ₱10,000 in property, plant and equipment. Total liabilities of ₱17,200 included ₱5,200 in accounts payable and ₱12,000 in notes payable, with Mark Yu's capital listed at ₱41,600 and total equity equal to total assets of ₱58,800.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    6 views1 page

    SOLE DISTRIBUTORS - BAl SHEET

    Uploaded by

    rachelprincess.monteroso23
    This balance sheet shows Sole Distributors had current assets of ₱48,800 including ₱9,400 in cash and ₱25,000 in inventories as of May 31, 2023. Total assets were ₱58,800 including ₱10,000 in property, plant and equipment. Total liabilities of ₱17,200 included ₱5,200 in accounts payable and ₱12,000 in notes payable, with Mark Yu's capital listed at ₱41,600 and total equity equal to total assets of ₱58,800.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    of 1

    SOLE DISTRIBUTORS

    BALANCE SHEET
    MAY 31,2023
    ASSETS
    CURRENT ASSETS
    Cash & Cash Equivalents ₱ 9,400
    Receivables 13,700
    Inventories 25,000
    Supplies 700
    Total Current Assets ₱ 48,800
    NON CURRENT ASSETS
    Property, Plant and Equipment ₱ 10,000
    Total Assets ₱ 58,800

    LIABILITIES
    CURRENT LIABILITIES
    Accounts Payable ₱ 5,200
    NON CURRENT LIABILITIES
    Notes Payable ₱ 12,000
    Total Liabilities ₱ 17,200

    EQUITY
    Mark Yu, Capital, May 31 ₱ 41,600
    TOTAL LIABILITIES AND EQUITY ₱ 58,800

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