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  • Total Current Assets P5,390 Total Current Assets P307

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    Jan Mae Estares
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    Jan Mae Estares' statement of financial position as of September 21, 2020 shows total assets of P78,390 consisting of current assets such as cash, accounts receivable from her sister, and unused supplies bought online. Her noncurrent assets include laptop, cellphone, and computer equipment worth P73,000. On the liabilities side, her current liabilities total P614 comprising of accounts and expenses payable to friends. Her total equity is P77,776.

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    Jan Mae Estares' statement of financial position as of September 21, 2020 shows total assets of P78,390 consisting of current assets such as cash, accounts receivable from her sister, and unused supplies bought online. Her noncurrent assets include laptop, cellphone, and computer equipment worth P73,000. On the liabilities side, her current liabilities total P614 comprising of accounts and expenses payable to friends. Her total equity is P77,776.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    5 views1 page

    Total Current Assets P5,390 Total Current Assets P307

    Uploaded by

    Jan Mae Estares
    Jan Mae Estares' statement of financial position as of September 21, 2020 shows total assets of P78,390 consisting of current assets such as cash, accounts receivable from her sister, and unused supplies bought online. Her noncurrent assets include laptop, cellphone, and computer equipment worth P73,000. On the liabilities side, her current liabilities total P614 comprising of accounts and expenses payable to friends. Her total equity is P77,776.

    Copyright:

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

    Jan Mae Estares

    Statement of Financial Position


    As of September 21, 2020

    LIABILITIES
    ASSETS Accounts Payable (borrowings to a friend) P50
    Cash and cash equivalents P500 Expenses Payable P257
    Accounts Receivable (borrowings of my sister to me) P890 (item from shopee to be delivered this week)
    Unused supplies (things I bought from online shops) P4,000 Total current assets P307
    Total current assets P5,390

    Laptop, cellphone and computer equipment P73,000 Total noncurrent assets P0


    Total noncurrent assets P73,000
    TOTAL LIABILITIES P614

    EQUITY
    Jan Mae’s Capital P77,776
    TOTAL ASSETS P78,390 TOTAL LIABILITES & EQUITY P78,390

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