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  • Balance Sheet As of December 2022: Company No.20023032

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    valen sumaguio
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    The balance sheet shows Sumaguio Grains Company had total assets of 842,450 as of December 2022, including fixed assets like rice inventory and buildings worth 580,250 and current assets like cash of 262,200. Total liabilities were 212,500 for trade creditors. Net assets were 629,950, with owner equity of 600,000 and current year earnings of 29,950.

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    The balance sheet shows Sumaguio Grains Company had total assets of 842,450 as of December 2022, including fixed assets like rice inventory and buildings worth 580,250 and current assets like cash of 262,200. Total liabilities were 212,500 for trade creditors. Net assets were 629,950, with owner equity of 600,000 and current year earnings of 29,950.

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    © All Rights Reserved
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    6 views1 page

    Balance Sheet As of December 2022: Company No.20023032

    Uploaded by

    valen sumaguio
    The balance sheet shows Sumaguio Grains Company had total assets of 842,450 as of December 2022, including fixed assets like rice inventory and buildings worth 580,250 and current assets like cash of 262,200. Total liabilities were 212,500 for trade creditors. Net assets were 629,950, with owner equity of 600,000 and current year earnings of 29,950.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    Sumaguio Grains

    Company No.20023032

    Balance Sheet

    As of December 2022
    04/12/2022
    7:51:43 PM

    Assets
    Fixed Assets
    Inventory - White Rice ?19,500.00
    Inventory - Regular Rice ?60,750.00
    Buildings and Improvements
    Bldgs. & Imprvmnts at Cost ?500,000.00
    Total Buildings and Improvements ?500,000.00
    Total Fixed Assets ?580,250.00
    Current Assets
    Cash On Hand
    Cheque Account ?262,200.00
    Total Cash On Hand ?262,200.00
    Total Current Assets ?262,200.00
    Total Assets ?842,450.00

    Liabilities
    Current Liabilities
    Trade Creditors ?212,500.00
    Total Current Liabilities ?212,500.00
    Total Liabilities ?212,500.00

    Net Assets ?629,950.00

    Equity
    Owner/Shareholder Equity
    Owner/Sharehldr Capital ?600,000.00
    Total Owner/Shareholder Equity ?600,000.00
    Current Year Earnings ?29,950.00
    Total Equity ?629,950.00

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