PT.

PUPUS SUDAH
STATEMENT OF AFFAIRS
August, 31th 2019

Book Value Assets Realizable Value

Asset Pledged With Fully Secured Creditors :
185,000 Equipment 107,000
Note payable & accrue 92,000
15,000

Free Assets :
33,000 Cash 33,000
92,000 Account Receivable 68,000
80,000 Inventories - Net 92,000
Total Net Realizable Value 208,000
Liabilities Having Priority - Wages 45,000
Net Free Assets 163,000

Estimated Deficiency to Unsecured Creditors - 50,000

390,000 113,000

Book Value Equity Realizable Value

Liabilities Having Priority :

45,000 Wages Payable 45,000

Fully Secured Creditors :

92,000 Note payable plus accr 92,000

Unsecure Creditors :
72,000 Account Payable 72,000
41,000 Rent Payable 41,000

Stockholder's Equity :
250,000 Common Stock
- 110,000 Retained Earnings (Deficit)

390,000 113,000
Estimated Deficiency
Deficiency Account

- 78,000

-
- 24,000
12,000

- 90,000

Deficiency
Account

250,000
- 110,000

140,000
50,000
 PT. PUPUS SUDAH
Deficiency Account
August 31th 2019

Estimated Loss Estimated Gain

Account Receivable 24,000 Common Stock 250,000
Inventories - Net - 12,000 Retained Earnings (Deficit) - 110,000
Estimated Deficiency to
Equipment 78,000 Unsecured Creditors -
Estimated Deficiency 50,000
to Unsecured Creditors
140,000 140,000