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  • Medi Pearl Pharmacia Balance Sheet AS ON FEB 28, 2019

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    Ali Ghazanfer
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    The balance sheet summarizes Medi Pearl Pharmacia's assets, liabilities, and equity as of February 28, 2019. It shows total current assets of Rs. 99,859,000 including Rs. 98,393,000 of cash. Total non-current assets are Rs. 1,320,000. Total liabilities are Rs. 596,300 and total equity is Rs. 100,402,000 consisting of capital stock of Rs. 100,020,000 and retained earnings of Rs. -214,300. Total assets and total liabilities plus equity are both Rs. 99,916,000.

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    MEDI PEARL PHARMACIA

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    The balance sheet summarizes Medi Pearl Pharmacia's assets, liabilities, and equity as of February 28, 2019. It shows total current assets of Rs. 99,859,000 including Rs. 98,393,000 of cash. Total non-current assets are Rs. 1,320,000. Total liabilities are Rs. 596,300 and total equity is Rs. 100,402,000 consisting of capital stock of Rs. 100,020,000 and retained earnings of Rs. -214,300. Total assets and total liabilities plus equity are both Rs. 99,916,000.

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    8 views7 pages

    Medi Pearl Pharmacia Balance Sheet AS ON FEB 28, 2019

    Uploaded by

    Ali Ghazanfer
    The balance sheet summarizes Medi Pearl Pharmacia's assets, liabilities, and equity as of February 28, 2019. It shows total current assets of Rs. 99,859,000 including Rs. 98,393,000 of cash. Total non-current assets are Rs. 1,320,000. Total liabilities are Rs. 596,300 and total equity is Rs. 100,402,000 consisting of capital stock of Rs. 100,020,000 and retained earnings of Rs. -214,300. Total assets and total liabilities plus equity are both Rs. 99,916,000.

    Copyright:

    © All Rights Reserved
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    of 7

    MEDI PEARL PHARMACIA

    BALANCE SHEET
    AS ON FEB 28 , 2019

    ASSETS: LIABILITIES AND OWNERS EQUITY


    CURRENT ASSETS: LIABILITIES:
    CASH---------------------- 98,896,000 ACCOUNTS PAYABLE------- 503,000
    A/C RECIEVABLE-------- 2,000 NOTES PAYABLE-------------- 78,000
    MEDICINES REVENUE RECIEVABLE------ 50,000 INTEREST PAYABLE------------- 300
    UNEXPIRED INSURANCE------ -3000 INCOME TAXES PAYABLE------ 5,000
    OFFICE FURNITURE------ 20,000 SALARIES PAYABLE-------- 15,000
    RAW MATERIALS--------- 50,000 UTILITIES PAYABLE--------- 5,000
    PREPAID OFFICE RENTAL------ -10,000
    OFFICE SUPPLIES---------- 1,000 TOTAL LIABILITY: 596,300
    PRINTING EQUIPMENT------- 20,000 CAPITAL:
    COMPUTER EQUIPMENT------- 13,000 CAPITAL STOCK----- 100,020,000
    MANUFACTURING EQUIPMENT---- 20,000 CLOSING RETAINED EARNINGS------ -214,300
    ACCUMULATED DEPRECIATION: MACHINERY ------ -20,000
    ACCUMULATED DEPRECIATION: BUILDING------------- TOTAL LIABILITY + CAPITAL + CLOSING RETAINED
    -20,000 EARNINGS= 596,300 + 100,020,000 -214,300
    INVENTORY-------------- 15,000 = 100,402,000
    MED STOCK--------- -2000
    PACKAGING INSTRUMENTS: 50,000
    TOTAL CURRENT ASSETS: 99,082,000
    NON CURRENT ASSETS:
    OFFICE BUILDING: 480,000
    OFFICE LAND----- 300,000
    DELIVERY TRUCKS----300,000
    MACHINERY:240,000
    TOTAL NON CURRENT ASSETS: 1,320,000 LIABILITY+OWNERS EQUITY = 100,402,000
    TOTAL ASSETS:100,402,000

    MEDI PEARL PHARMACIA


    BALANCE SHEET
    AS ON FEB 28 , 2019

    ASSETS: LIABILITIES AND OWNERS EQUITY


    CURRENT ASSETS: LIABILITIES:
    CASH---------------------- 98,796,000 ACCOUNTS PAYABLE------- 403,000
    A/C RECIEVABLE-------- 2,000 NOTES PAYABLE-------------- 80,000
    MEDICINES REVENUE RECIEVABLE------ 50,000 INTEREST PAYABLE------------- 300
    UNEXPIRED INSURANCE------ -3000 INCOME TAXES PAYABLE------ 5,000
    OFFICE FURNITURE------ 20,000 SALARIES PAYABLE-------- 15,000
    RAW MATERIALS--------- 52,000 UTILITIES PAYABLE--------- 5,000
    PREPAID OFFICE RENTAL------ -10,000
    OFFICE SUPPLIES---------- 1,000 TOTAL LIABILITY: 596,300
    PRINTING EQUIPMENT------- 20,000 CAPITAL:
    COMPUTER EQUIPMENT------- 13,000 CAPITAL STOCK----- 100,020,000
    MANUFACTURING EQUIPMENT---- 20,000 CLOSING RETAINED EARNINGS------ -214,300
    ACCUMULATED DEPRECIATION: MACHINERY ------ -20,000
    ACCUMULATED DEPRECIATION: BUILDING------------- TOTAL LIABILITY + CAPITAL + CLOSING RETAINED
    -20,000 EARNINGS= 596,300 + 100,020,000 -214,300
    INVENTORY-------------- 15,000 = 100,402,000
    MED STOCK--------- -2000
    PACKAGING INSTRUMENTS: 50,000
    TOTAL CURRENT ASSETS: 99,082,000
    NON CURRENT ASSETS:
    OFFICE BUILDING: 480,000
    OFFICE LAND----- 300,000
    DELIVERY TRUCKS----300,000
    MACHINERY:240,000
    TOTAL NON CURRENT ASSETS: 1,320,000 LIABILITY+OWNERS EQUITY = 100,304,000
    TOTAL ASSETS:100,304,000

    MEDI PEARL PHARMACIA


    BALANCE SHEET
    AS ON FEB 28 , 2019

    ASSETS: LIABILITIES AND OWNERS EQUITY


    CURRENT ASSETS: LIABILITIES:
    CASH---------------------- 98,710,000 ACCOUNTS PAYABLE------- 317,000
    A/C RECIEVABLE-------- 00 NOTES PAYABLE-------------- 76,000
    MEDICINES REVENUE RECIEVABLE------ 50,000 INTEREST PAYABLE------------- 300
    UNEXPIRED INSURANCE------ -3000 INCOME TAXES PAYABLE------ 5,000
    OFFICE FURNITURE------ 20,000 SALARIES PAYABLE-------- 15,000
    RAW MATERIALS--------- 50,000 UTILITIES PAYABLE--------- 5,000
    PREPAID OFFICE RENTAL------ -10,000
    OFFICE SUPPLIES---------- 1,000 TOTAL LIABILITY: 596,300
    PRINTING EQUIPMENT------- 20,000 CAPITAL:
    COMPUTER EQUIPMENT------- 13,000 CAPITAL STOCK----- 100,020,000
    MANUFACTURING EQUIPMENT---- 20,000 CLOSING RETAINED EARNINGS------ -214,300
    ACCUMULATED DEPRECIATION: MACHINERY ------ -20,000
    ACCUMULATED DEPRECIATION: BUILDING------------- TOTAL LIABILITY + CAPITAL + CLOSING RETAINED
    -20,000 EARNINGS= 596,300 + 100,020,000 -214,300
    INVENTORY-------------- 15,000 = 100,402,000
    MED STOCK--------- -2000
    PACKAGING INSTRUMENTS: 50,000
    TOTAL CURRENT ASSETS: 99,082,000
    NON CURRENT ASSETS:
    OFFICE BUILDING: 480,000
    OFFICE LAND----- 300,000
    DELIVERY TRUCKS----300,000
    MACHINERY:240,000
    TOTAL NON CURRENT ASSETS: 1,320,000 LIABILITY+OWNERS EQUITY = 100,214,000
    TOTAL ASSETS:100,214,000

    MEDI PEARL PHARMACIA


    BALANCE SHEET
    AS ON FEB 28 , 2019
    ASSETS: LIABILITIES AND OWNERS EQUITY
    CURRENT ASSETS: LIABILITIES:
    CASH---------------------- 98,896,000 ACCOUNTS PAYABLE------- 493,000
    A/C RECIEVABLE-------- 2,000 NOTES PAYABLE-------------- 158,000
    MEDICINES REVENUE RECIEVABLE------ 50,000 INTEREST PAYABLE------------- 300
    UNEXPIRED INSURANCE------ -3000 INCOME TAXES PAYABLE------ 5,000
    OFFICE FURNITURE------ 20,000 SALARIES PAYABLE-------- 15,000
    RAW MATERIALS--------- 50,000 UTILITIES PAYABLE--------- 5,000
    PREPAID OFFICE RENTAL------ 0
    OFFICE SUPPLIES---------- 1,000 TOTAL LIABILITY: 676,300
    PRINTING EQUIPMENT------- 100,000 CAPITAL:
    COMPUTER EQUIPMENT------- 13,000 CAPITAL STOCK----- 100,020,000
    MANUFACTURING EQUIPMENT---- 20,000 CLOSING RETAINED EARNINGS------ -214,300
    ACCUMULATED DEPRECIATION: MACHINERY ------ -20,000
    ACCUMULATED DEPRECIATION: BUILDING------------- TOTAL LIABILITY + CAPITAL + CLOSING RETAINED
    -20,000 EARNINGS= 676,300 + 100,020,000 -214,300
    INVENTORY-------------- 15,000 = 100,402,000
    MED STOCK--------- -2000
    PACKAGING INSTRUMENTS: 50,000
    TOTAL CURRENT ASSETS: 99,046,000
    NON CURRENT ASSETS:
    OFFICE BUILDING: 480,000
    OFFICE LAND----- 300,000
    DELIVERY TRUCKS----300,000
    MACHINERY:240,000
    TOTAL NON CURRENT ASSETS: 1,320,000 LIABILITY+OWNERS EQUITY = 100,322,000
    TOTAL ASSETS:100,322,000
    MEDI PEARL PHARMACIA
    BALANCE SHEET
    AS ON FEB 28 , 2019

    ASSETS: LIABILITIES AND OWNERS EQUITY


    CURRENT ASSETS: LIABILITIES:
    CASH---------------------- 98,393,000 ACCOUNTS PAYABLE------- 21,000
    A/C RECIEVABLE-------- 2,000 NOTES PAYABLE-------------- 78,000
    MEDICINES REVENUE RECIEVABLE------ 50,000 INTEREST PAYABLE------------- 300
    UNEXPIRED INSURANCE------ -3000 INCOME TAXES PAYABLE------ 5,000
    OFFICE FURNITURE------ 20,000 SALARIES PAYABLE-------- 15,000
    RAW MATERIALS--------- 50,000 UTILITIES PAYABLE--------- 5,000
    PREPAID OFFICE RENTAL------ -10,000
    OFFICE SUPPLIES---------- 21,000 TOTAL LIABILITY: 596,300
    PRINTING EQUIPMENT------- 20,000 CAPITAL:
    COMPUTER EQUIPMENT------- 13,000 CAPITAL STOCK----- 100,020,000
    MANUFACTURING EQUIPMENT---- 20,000 CLOSING RETAINED EARNINGS------ -214,300
    ACCUMULATED DEPRECIATION: MACHINERY ------ -20,000
    ACCUMULATED DEPRECIATION: BUILDING------------- TOTAL LIABILITY + CAPITAL + CLOSING RETAINED
    -20,000 EARNINGS= 113,000 + 100,020,000 -214,300
    INVENTORY-------------- 15,000 = 100,402,000
    MED STOCK--------- -2000
    PACKAGING INSTRUMENTS: 50,000
    TOTAL CURRENT ASSETS: 9,859,6,000
    NON CURRENT ASSETS:
    OFFICE BUILDING: 480,000
    OFFICE LAND----- 300,000
    DELIVERY TRUCKS----300,000
    MACHINERY:240,000
    TOTAL NON CURRENT ASSETS: 1,320,000 LIABILITY+OWNERS EQUITY = 99,916,000
    TOTAL ASSETS:99,916,000

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