KEKW GAMING CONSOLE AND CAFE

Statement of Financial Position

June 31, 2018

ASSETS
Current Assets
Cash ₱ 100,000.00
Receivables ₱ 25,000.00
Supplies ₱ 8,000.00
Total Current Assets ₱ 133,000.00

Long Term Assets

Land ₱ 1,500,000.00
Building ₱ 300,000.00
Equipment ₱ 150,000.00
Less: Accum. Depreciation ₱ (40,000.00)
Total Long Term Assets ₱ 1,910,000.00

TOTAL ASSETS ₱ 2,043,000.00

LIABILITIES
Current Liabilities
Accounts Payable ₱ 360,000.00
Wages Payable ₱ 80,000.00
Other Payables ₱ 55,000.00
Total Current Liabilities ₱ 495,000.00

Long Term Liabilities

Notes Payable ₱ 120,000.00
Total Long Term Liabilities ₱ 120,000.00

TOTAL LIABILITIES ₱ 615,000.00

OWNER'S EQUITY
Owner's Equity
Palacio, Capital ₱ 1,428,000.00
Total Owner's Equity ₱ 1,428,000.00

TOTAL LIABILITIES AND OWNER'S EQUITY ₱ 2,043,000.00