Charlotte’s Designer Store

Statement Of Financial Position

December 31

Assets
Current Assets
Cash and Cash equivalent ₱ 343,254
Investments in Trading 250,000
Trade and other receivables 224,990
Merchandise inventory 32,000
Prepaid expenses 85,658
Total Current Assets ₱ 935,902
Non-Current Assets
Property, Plant, and Equipment 769,000
Total Assets ₱ 1,704,902

Liabilities And Owner’s Equity

Current Liabilities
Trade and other payables ₱ 144,103
Non-Current Liabilities
Mortgage Payable 80,000
Total Liabilities ₱ 224,103

Owner’s Equity
Charlotte De Jesus, Capital 1,480,799
Total Liabilities And Owner’s Equity ₱ 1,704,902