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  • Fabm

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    naneth velasquez
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    The company has total current assets of $114,900 including $10,000 in cash, $2,300 in supplies, $2,600 in accounts receivable, and $100,000 in inventory. Non-current assets include a $120,000 building and $19,000 in equipment for a total of $139,000. Total assets are $253,900 with current liabilities of $127,800 consisting of $22,800 in accounts payable, $60,000 in loans payable, and $45,000 in unearned income, leaving owner's equity of $126,100.

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    fabm

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    The company has total current assets of $114,900 including $10,000 in cash, $2,300 in supplies, $2,600 in accounts receivable, and $100,000 in inventory. Non-current assets include a $120,000 building and $19,000 in equipment for a total of $139,000. Total assets are $253,900 with current liabilities of $127,800 consisting of $22,800 in accounts payable, $60,000 in loans payable, and $45,000 in unearned income, leaving owner's equity of $126,100.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    4 views1 page

    Fabm

    Uploaded by

    naneth velasquez
    The company has total current assets of $114,900 including $10,000 in cash, $2,300 in supplies, $2,600 in accounts receivable, and $100,000 in inventory. Non-current assets include a $120,000 building and $19,000 in equipment for a total of $139,000. Total assets are $253,900 with current liabilities of $127,800 consisting of $22,800 in accounts payable, $60,000 in loans payable, and $45,000 in unearned income, leaving owner's equity of $126,100.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Assets

    Current Assets
    Cash 10,000
    Supplies 2,300
    Account Receivable 2,600
    Inventory 100,000
    Total Current Assets 114,900

    Non-Current Assets
    Building 120,000
    Equipment 19,000
    Total Non-Current Assets 139,000

    Total Assets 253,900

    Liabilities
    Current Liabilities
    Account payable 22,800
    Loans payable 60,000
    Unearned incom 45,000
    Total Liabilities 127,800

    Owner's Equity
    Owner's Equity ₱126,100
    ₱253,900

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