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  • Preperation of SFP (Alemany)

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    Thrisha Alemany
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    The statement of financial position shows that as of December 31, 2021, Leyes Service Grafix has total assets of 1,185,000 Philippine pesos, consisting of current assets like cash, accounts receivable, and prepaid rent totaling 585,000 pesos and noncurrent assets like office equipment net of accumulated depreciation totaling 600,000 pesos. On the liabilities and equity side, current liabilities total 270,000 pesos and owner's equity in the name of Fred Leyes is 915,000 pesos, bringing total liabilities and equity to 1,185,000 pesos.

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    Preperation of Sfp (Alemany)

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    The statement of financial position shows that as of December 31, 2021, Leyes Service Grafix has total assets of 1,185,000 Philippine pesos, consisting of current assets like cash, accounts receivable, and prepaid rent totaling 585,000 pesos and noncurrent assets like office equipment net of accumulated depreciation totaling 600,000 pesos. On the liabilities and equity side, current liabilities total 270,000 pesos and owner's equity in the name of Fred Leyes is 915,000 pesos, bringing total liabilities and equity to 1,185,000 pesos.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    6 views3 pages

    Preperation of SFP (Alemany)

    Uploaded by

    Thrisha Alemany
    The statement of financial position shows that as of December 31, 2021, Leyes Service Grafix has total assets of 1,185,000 Philippine pesos, consisting of current assets like cash, accounts receivable, and prepaid rent totaling 585,000 pesos and noncurrent assets like office equipment net of accumulated depreciation totaling 600,000 pesos. On the liabilities and equity side, current liabilities total 270,000 pesos and owner's equity in the name of Fred Leyes is 915,000 pesos, bringing total liabilities and equity to 1,185,000 pesos.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 3

    Leyes Service Grafix

    Statement of Financial Position


    December 31, 2021

    Assets Liabilities and Owner's Equity


    Current Assets Current Liabilities
    Cash in Bank ₱ 100,000 Accounts Payable
    Accounts Receivable (net of ₱ 5,000 475,000 Salaries Payable
    allowance for bad debts
    Prepaid Rent 10,000 Total Current Liabilities
    Total Current Assests 585,000

    Noncurrent Assets Total Liabilities


    Office Equipment 660,000
    Less: Accumulated Depreciation 60,000 Owner's Equity
    Net Equipment 600,000 Fred Leyes, Capital
    Total Assets ₱ 1,185,000 Total Liabilities and Owner's Equity

    Leyes Service Grafix


    Statement of Financial Position
    December 31, 2021
    Assets
    Current Assets
    Cash in Bank ₱ 100,000
    Accounts Receivable (net of ₱ 5,000 475,000
    allowance for bad debts
    Prepaid Rent 10,000
    Total Current Assets 585,000

    Noncurrent Assets
    Office Equipment 660,000
    Less: Accumulated Depreciation 60,000
    Net Equipment 600,000
    Total Assets ₱ 1,185,000

    Liabilities and Owner's Equity


    Current Liabilities
    Accounts Payable ₱ 240,000
    Salaries Payable 30,000
    Total Current Liabilities 270,000

    Noncurrent Liabilities
    Total Liabilities 270,000
    Owner's Equity
    Fred Leyes, Capital 915,000

    Total Liabilities and Owner's Equity ₱ 1,185,000


    Owner's Equity

    ₱ 240,000

    30,000

    270,000

    270,000

    915,000
    ₱ 1,185,000

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