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  • Direction/Instruction: For Your Assignment Use The Data Provided Below, Prepare A

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    Nari Ed Saxor
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    This document provides financial data to prepare a statement of financial position, including cash, supplies, accounts receivable, notes receivable, interest receivable, loans receivable, equipment, building, land, accumulated depreciation for equipment and building, accounts payable, notes payable, interest payable, loans payable, and capital. The student is to use this data to prepare a properly classified statement of financial position.

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    Week1_-_Assignment (4).docx

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    This document provides financial data to prepare a statement of financial position, including cash, supplies, accounts receivable, notes receivable, interest receivable, loans receivable, equipment, building, land, accumulated depreciation for equipment and building, accounts payable, notes payable, interest payable, loans payable, and capital. The student is to use this data to prepare a properly classified statement of financial position.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    5 views2 pages

    Direction/Instruction: For Your Assignment Use The Data Provided Below, Prepare A

    Uploaded by

    Nari Ed Saxor
    This document provides financial data to prepare a statement of financial position, including cash, supplies, accounts receivable, notes receivable, interest receivable, loans receivable, equipment, building, land, accumulated depreciation for equipment and building, accounts payable, notes payable, interest payable, loans payable, and capital. The student is to use this data to prepare a properly classified statement of financial position.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    Direction/Instruction: For your assignment use the data provided below, prepare a

    properly classified Statement of Financial Position using account form:

    Accumulated
    Cash Php 250,000.00 29,000.00
    Depreciation-Equipment
    Supplies 23,000.00 Building 1,850,000.00
    Accumulated
    Account Receivable 100,000.00 250,000.00
    Depreciation-Building
    Less: Allowance for Bad
    20,000.00 Land 2,100,000.00
    debts
    Notes Receivable 180,000.00 Accounts Payable 210,000.00
    Interest Receivable 10,000.00 Notes Payable (8 months) 50,000.00
    Loans Receivable (long
    220,000.00 Interest payable 40,000.00
    term)
    Loans Payable
    Equipment 190,000.00 400,000.00
    (18months)
    Capital 3,924,000.00
    NAME: SECTION:
    __________________________________
    __________________________________
    __________________________________

    ASSETS

    LIABILITIES AND OWNWER’S EQUITY

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