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  • File 4 - Statement of Financial Position (Step 15)

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    Harold Ken de Jesus
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    This statement of financial position shows Morrow Consulting had total assets of $48,948.06 as of 12/31/22, including $12,764 in cash and $48,122 in office equipment after accounting for $15,658.75 in accumulated depreciation. Total liabilities were $905.33 in accounts payable. Owner's equity included $36,458.74 in capital from Joyce Morrow and $48,283.99 in net income for the year, totaling $48,042.73.

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    This statement of financial position shows Morrow Consulting had total assets of $48,948.06 as of 12/31/22, including $12,764 in cash and $48,122 in office equipment after accounting for $15,658.75 in accumulated depreciation. Total liabilities were $905.33 in accounts payable. Owner's equity included $36,458.74 in capital from Joyce Morrow and $48,283.99 in net income for the year, totaling $48,042.73.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    5 views1 page

    File 4 - Statement of Financial Position (Step 15)

    Uploaded by

    Harold Ken de Jesus
    This statement of financial position shows Morrow Consulting had total assets of $48,948.06 as of 12/31/22, including $12,764 in cash and $48,122 in office equipment after accounting for $15,658.75 in accumulated depreciation. Total liabilities were $905.33 in accounts payable. Owner's equity included $36,458.74 in capital from Joyce Morrow and $48,283.99 in net income for the year, totaling $48,042.73.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    File 4 - Statement of Financial Position (Step 15)

    Morrow Consulting
    Statement of Financial Position
    12/31/22

    Assets

    Cash 12,764.00
    Accounts Receivable 2,192.31
    Supplies 1,178.50
    Prepaid Insurance 350.00
    Office Equipment 48,122.00
    Accum. Depr. Office Eqpt. -15,658.75
    -------------
    Total Assets 48,948.06
    =============

    Liabilities

    Accounts Payable 905.33


    -------------
    Total Liabilities 905.33

    Owner's Equity

    Joyce Morrow, Capital 36,458.74


    Joyce Morrow, Drawing -36,700.00
    Net Income 48,283.99
    -------------
    Total Owner's Equity 48,042.73
    -------------
    Total Liabilities & Equity 48,948.06
    =============

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