Benbenido Grocery

Statement of Financial Position

As of December 31, 2020

Asset

Current Asset

Cash P60,000
Accounts Receivable P357,000
Merchandise Inventory P530,000
Total Current Assets P947,000

Non-Current Assets

Delivery Equipment P1,200,000

Total Non-Current Assets P1,200,000
Total Assets P2, 147,000

Liabilities

Current Liabilities
Accounts Payable P385,000
Notes Payable P130,000
Total Current Liabilities P515,000

Non -Current Liabilities

Loans Payable P550,000
Total Non -Current Liabilities P550,000
Total Liabilities P1,065,000
Owner’s Equity

S. Benbenido, Capital P1,082,000

Total Owner’s Equity P1,082,000
Total Liabilities & Owner’s Equity P2,147,000