Justine Company

Statement of Financial Position

As of December 31, 2019
Amounts in Philippine Peso
2019
Assets
Current Assets  
Cash and Cash Equivalents
Accounts Receivable ₱60,000
Inventory
Prepaid Insurance

Non-Current Assets
Property, Plant and Equipment ₱900,000
Accumulated Depreciation ₱220,000 ₱1,120,000
TOTAL ASSETS
   
Liabilities
Current Liabilities  
Accounts Payable ₱40,000
Salaries Payable
Utilities Payable
   
Non-Current Liabilities  
Bonds Payable
Total Liabilities
   
Equity
Share Capital
Retained Earnings
Total Shareholders' Equity
 
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY
1,100,000 1,040,000

3,400,000 2,500,000
900,000 680,000

880,000 840,000