STATEMENT OF FINANCIAL POSITION

AEROBICS AND DANCE SLENDERIZING SALOON

STATEMENT OF FINANCIAL POSITION
AS OF DECEMBER, 31, 1998

(IN PESOS)
ASSETS
CURRENT ASSETS
Cash P32,500
Supplies 2,000
Total Current Assets 34,500
NON-CURRENT ASSETS
Equipment 15,000
Furniture 5,000
Total Non-Current Assets 20,000
TOTAL ASSETS P 54,500

LIABILITIES
CURRENT LIABILTIES
Accounts Payable P5,000
NON-CURRENT LIABILITIES
Notes Payable 0
OWNER’S EQUITY
Allene Capital 49,500
TOTAL LIABILITIES AND OWNER’S EQUITY P54,500