DEF Trading

Statement of Financial Position

As of December 31, 2019

Assets
Current Assets

Cash ₱ 85,550.00
Accou nts Receivable 4,700
Supplies 250
Prepaid Insurance 3,600
Prepaid Rent 1,500 ₱ 95,600.00

Non-Current Assets
Equipment 9,000
Less: Accumulated Depreciation (Equipmentt) 3,600 5,400

Total Assets ₱ 101,000.00

Liabilities and Owner's Equity

Current Liabilities
Accounts Payable ₱ 1,600.00
Notes Payable 5,000
Salaries Payable 2,000
Unearned Service Income 4,400
Income Tax Payable 3,000 16000

Dy, Capital 85,000

Total Liabilities and Owner's Equity ₱ 101,000.00