KATHLEEN JOYCE PARANGAT COMPANY

BALANCE SHEET
As of April 15, 2022

ASSETS
Current Assets
Cash ₱ 970, 000
Accounts Receivable 230, 000
Prepaid Expenses 100, 000 ₱ 1, 300, 000

Non-Current Assets
Investments ₱ 250, 000
Land 675, 000
Goodwill 1, 500, 000 ₱ 2, 425, 000
TOTAL ASSETS ₱ 3, 725, 000

LIABILITIES AND OWNER’S EQUITY

Current Liabilities
Accounts Payable ₱ 350, 000
Notes Payable 630, 000 ₱ 980, 000

Non-Current Liabilities
Loans Payable ₱ 850, 000 ₱ 850, 000
TOTAL LIABILITIES ₱ 1, 830, 000

Owner’s Equity
Parangat, Capital ₱ 1, 895, 000
TOTAL OWNER’S EQUITY ₱ 1, 895, 000

TOTAL LIABILITIES AND OWNER’S EQUITY ₱ 3, 725, 000