CRISTINA'S SALON

STATEMENT OF FINANCIAL POSITION

AS OF DECEMBER 31, 2021

ASSETS
Current Assets
Cash 154,300.00
Accounts Receivable 225,600.00
Allowance for Doubtful Accounts 40,900.00
Notes Receivable 98,600.00
Advances to Employees 14,190.00
Prepaid Rent 11,700.00
Cristina, Drawing 15,480.00
Total Current Assets 560,770.00
Non-Current Assets
Property, Plant, and Equipment 684,780.00

TOTAL ASSETS 1,245,550.00

LIABILITIES AND OWNER'S EQUITY

Current Liabilities
Trade and Other Payables 293,707.00
Unearned Commission 14,800.00
Total Current Liabilties 308,507.00
Non-Current Liabilities
Mortgage Payable 225,300.00
Bonds Payable 82,920.00
Total Non-Current Liabilties 308,220.00
616,727.00
TOTAL LIABILITIES
Owner's Equity
Cristina, Capital 195,150.00
TOTAL LIABILITIES AND OWNER'S EQUITY 811,877.00