ADRIANO, Glecy ABM 21

CAÑADA, Lyka Joyce

LET’S REMEMBER
Adriano & Cañada Business Inc.
Statement of Financial Position
December 31, 2021

Assets
Current Asset
Cash 5,000
Accounts Receivable 2,600
Supplies 2,300
Total Current Asset 9,900
Non-current Asset
Equipment 17,000
Building 113,000
Total Non-current Asset 130,000
Total Assets 139,900
Liabilities
Current Liabilities
Loans Payable 77,500
Accounts Payable 22,400
Total Current Liabilities 99,900
Total Liabilities 99,900
Owner’s Equity
Owner’s Equity
Adriano & Cañada, Capital 40,000
Total Owner’s Equity 40,000
Total Liabilities & Owner’s Equity 139,900
ADRIANO, Glecy ABM 21
CAÑADA, Lyka Joyce

LET’S APPLY
Bueno Sari-sari Store
Statement of Financial Position
December 31, 2018

Assets
Current Assets
Cash 50,000
Accounts Receivable 75,000
Merchandise Inventory 30,000
Prepaid Rent 12,000
Total Current Assets 167,000
Non-current Assets
Furniture 100,000
Total Assets 267,000

Liabilities
Current Liabilities
Accounts Payable 25,000
Utilities Payable 3,000
SSS, PhilHealth & Pag-ibig Payables 5,000
Total Current Liabilities 33,000
Non-current Liabilities
Loans Payable 50,000
Total Liabilities 83,000
Owner’s Equity
Owner’s Equity 184,000
Total Liabilities and Owner’s Equity 267,000
ADRIANO, Glecy ABM 21
CAÑADA, Lyka Joyce

LET’S EXTEND
Maria Theresa Auditing Firm
Statement of Financial Position
As of December 31, 2016

Assets
Current Assets
Cash 50,000
Accounts Receivable 75,000
Supplies 5,000
Prepaid Insurance 20,000
Total Current Assets 150,000
Non-current Assets
Office Equipment 100,000
Total Assets 250,000

Liabilities
Current Liabilities
Accounts Payable 45,000
Notes Payable 60,000
Interest Payables 5,000
Total Current Liabilities 110,000
Non-current Liabilities
Bonds Payable 35,000
Total Liabilities 145,000
Owner’s Equity
Maria Theresa, Capital 105,000
Total Liabilities and Owner’s Equity 250,000