Cash 137,200.

00
Accounts Receivable 240,000.00
Allowance for Bad Debts -12,000.00
Notes Receivable 300,000.00
Accrued Income 6,000.00
Inventories 740,000.00
Furniture and Fixtures 35,000.00
Other Assets 32,000.00
Accounts Payable 62,500.00
Accrued Expenses 7,500.00
Loans Payable 250,000.00
Dhel, Capital 1,158,200.00
1,478,200.00 1,478,200.00
Cash 179,000.00
Accounts Receivable 300,000.00
Allowance for Bad Debts -30,000.00
Notes Receivable 150,000.00
Accrued Income 3,000.00
Inventories 740,000.00
Land 1,000,000.00
Building 1,080,000.00
Furniture and Fixtures 70,000.00
Other Assets 3,000.00
Accounts Payable 75,000.00
Accrued Expense 9,000.00
Loans Payable 300,000.00
Delia, Capital 3,839,000.00
4,223,00.00 4,223,000.00
 Dhel and Delia Partnership
Statement of Financial Position
As at xx
ASSETS
Current Assets
Cash P
Accounts Receivable P 540,000.00
Less: Allowance for Bad Debts 42,000.00
Notes Receivable
Accrued Income
Inventories
Noncurrent Assets
Land
Building 1,800,000.00
Less: Accumulated Depreciation, Building -
Furniture and Fixtures 105,000.00
Less: Accumulated Depreciation, Furniture and Fixtures -
Other Assets

Total Assets
LIABILITIES AND PARTNER'S CAPITAL
Current Liabilities
Accounts Payable P 137,500.00
Accrued Expenses 16,500.00 P
Noncurrent Liability
Loans Payable

Partner's Capital
Dhel, Capital
Delia, Capital
 316,200.00

498,000.00
450,000.00
9,000.00
1,475,000.00 P 2,748,200.00

1,000,000.00

1,800,000.00

105,000.00
48,000.00 P 2,953,000.00

P 5,701,200.00

154,000.00

550,000.00 P 704,000.00

1,158,200.00
3,839,000.00 P 4,997,200.00

P 5,701,200.00