Account Form

Ren Ren Merchandising

Statement of Financial Position
As of December 31, 2021
Assets Note Liabilitites & Owner's Equity
Current Assets
Curret Liabilities
Cash 5 450,000 Trade & Other Payables
Investment in Trading & Securities 75,000
Trade & Other Receivables 100,000 Non-Current Liabilitites
Merchandise Inventories 6 90,000
Prepaid Expense 7 95,000 Mortgage payable 300,000
Total Current Assets 810,000 Loan Payable 100,000
Total Non-Current Liabilities
Total Liabilities

Non-current assets
Property, Plant, and Equipment 8 700,000 Owner's Equity
Ren, Capital
Total Assets 1,510,000 Total Liabilities and Capital

* Ren, Capital of P680,000 is the ending capital in the statement of changes in owner's equity.
 Report Form
Ren Ren Merchandising
Statement of Financial Position
As of December 31, 20xx
Note Assets Note
Current Assets
Cash 5
9 430,000 Investment in Trading & Securities
Trade & Other Receivables
Merchandise Inventories 6
Prepaid Expense 7
Total Current Assets

400,000 Non-current assets

830,000 Property, Plant, and Equipment 8

Total Assets

680,000 Liabilitites & Owner's Equity

1,510,000
Curret Liabilities
Trade & Other Payables 9

Non-Current Liabilitites

Mortgage payable 300,000

Loan Payable 100,000
Total Non-Current Liabilities
Total Liabilities

Owner's Equity
Ren, Capital

Total Liabilities and Capital

n

450,000
75,000
100,000
90,000
95,000
810,000

700,000

1,510,000

430,000

400,000
830,000

680,000

1,510,000
Transactions
a. Additional investment in the business , 22,200 - Financing
b.Proceeds of sales of equipment. 15,000 - Invensting
c. Collection of interest 9,000 - Operating
d. Collection from cusotmer 315,800- Operating
e. Proceeds of bank loan, 200,000- Financing
f. Proceed froms sales of furniture, 8,000 - Investing
g. Payment of operating expense, 145,000 - Operating
h. Collection of Dividends, 12,000 - Operating
i. Cash withdrawal, 30,000 - Financing
j. Payment of interst, 6,000 - Operating
k. collection of rent, 30,000 - Operating
l. Purchase of furniture - 31,000 - Inveting
Payment of bank loan, 150,00 - Financing
 Ren Ren Merchadising
Statement of Cash Flows
For the Year Ended December 31, 2020
Cash Flows from Operating Activities
Receipts
Collection from Customers 315,800
Rent income 30,000
Dividends Income 12,000
Interest Income 9,000
Payments
Operating Expenses -145,000
Interest Expenses -6,000
Net Cash Flows from operating Activities 215,800
Cash Flows from Investing Activities
Receipts
Proceeds of sale of equipment 15,000
Proceeds of sale of furniture 8,000
Payments
For purchase of furniture -31,000 -8,000
Cash Flows from Financing Activities
Receipts
Additioan investment of the owner 22,200
Proceeds of bank loans 200,000
Payments
Cash withdrawal of the owner -30000
Payment of bank loan -150000 42,200
Net Increase/Decrease in Cash 250,000
Cash Balance - January 1 200,000
Cash balance - December 31, 2021 450,000