Scribd Logo
Upload

Welcome to Scribd!

  • Account Form (SFP)

    Uploaded by

    Irianne Mendola
    8 views1 page
    This financial statement shows the assets, liabilities, and equity of Mr. Chu's hair product business as of February 28, 2010. It lists current assets including $50,400 in cash, $20,000 in merchandise inventory, and $1,000 in supplies. Total current assets are $71,400 and total assets including $10,000 in equipment are $81,900. The business has $500 in accounts payable and $80,900 in owner's equity contributed by Mr. Chu. Total liabilities and owner's equity equal $81,900.

    Original Description:

    P9wer

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    This financial statement shows the assets, liabilities, and equity of Mr. Chu's hair product business as of February 28, 2010. It lists current assets including $50,400 in cash, $20,000 in merchandise inventory, and $1,000 in supplies. Total current assets are $71,400 and total assets including $10,000 in equipment are $81,900. The business has $500 in accounts payable and $80,900 in owner's equity contributed by Mr. Chu. Total liabilities and owner's equity equal $81,900.

    Copyright:

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

    Account Form (SFP)

    Uploaded by

    Irianne Mendola
    This financial statement shows the assets, liabilities, and equity of Mr. Chu's hair product business as of February 28, 2010. It lists current assets including $50,400 in cash, $20,000 in merchandise inventory, and $1,000 in supplies. Total current assets are $71,400 and total assets including $10,000 in equipment are $81,900. The business has $500 in accounts payable and $80,900 in owner's equity contributed by Mr. Chu. Total liabilities and owner's equity equal $81,900.

    Copyright:

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

    Mr.

    Chu ABM Hair Product

    Statement of Financial Position

    February 28, 2010

    Current Assets

    Cash 50,400

    Accounts Receivable 0

    Supplies 1,000

    Merchandise Inventory 20,000

    Total Current Assets 71,400

    Non-current Assets

    Equipment 10,000

    Total Assets 81,900

    Liabilities and Owner's Equity

    Current Liabilities

    Account Payable 500

    Total Liabilities 500

    Owner's Equity

    Mr. Chu Capital 80,900

    Total Liabilities and Owner's Equity 81,900

    You might also like