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    Sweet Beginning Co-Print

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    Prince Mico Sarcino
    Sweet Beginning Co.'s statement of financial position as of December 31, 2016 shows total assets of ₱23,064,240.62 consisting of current assets worth ₱15,436,340.62 and net property, plant, and equipment of ₱7,627,900. Total current liabilities are ₱6,823,925.64 with owner's equity accounting for the remaining ₱16,240,314.98.

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    © All Rights Reserved
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    Sweet Beginning Co-Print

    Uploaded by

    Prince Mico Sarcino
    99 views2 pages
    Sweet Beginning Co.'s statement of financial position as of December 31, 2016 shows total assets of ₱23,064,240.62 consisting of current assets worth ₱15,436,340.62 and net property, plant, and equipment of ₱7,627,900. Total current liabilities are ₱6,823,925.64 with owner's equity accounting for the remaining ₱16,240,314.98.

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    This is about Sweet Beginning Company.

    Original Title

    Sweet Beginning Co-print

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    Sweet Beginning Co.'s statement of financial position as of December 31, 2016 shows total assets of ₱23,064,240.62 consisting of current assets worth ₱15,436,340.62 and net property, plant, and equipment of ₱7,627,900. Total current liabilities are ₱6,823,925.64 with owner's equity accounting for the remaining ₱16,240,314.98.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    99 views2 pages

    Sweet Beginning Co-Print

    Uploaded by

    Prince Mico Sarcino
    Sweet Beginning Co.'s statement of financial position as of December 31, 2016 shows total assets of ₱23,064,240.62 consisting of current assets worth ₱15,436,340.62 and net property, plant, and equipment of ₱7,627,900. Total current liabilities are ₱6,823,925.64 with owner's equity accounting for the remaining ₱16,240,314.98.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    Sweet Beginning Co.

    Statement of Financial Position

    As of December 31, 2016

    ₱
    Cash
    640,000.00

    Accounts Receivable ₱ ₱ ₱83,230,360.5 ₱


    3,379,958.00 84,075,350.00 0 4,224,947.50
    ₱
    Inventories
    1,076,000.00
    Short-term ₱
    Investment 9,495,393.12
    ₱
    Total Current Assets 15,436,340.62
    Gross ₱ ₱ ₱
    PPE 8,696,000.00 1,200,000.00 9,896,000.00
    ₱ ₱ ₱
    Accumulated Depreciation 1,278,500.00 989,600.00 2,268,100.00
    ₱
    Net PPE 7,627,900.00
    ₱
    Total Assets 23,064,240.62

    Accounts Payable ₱ ₱ ₱ ₱46,689,754.1 ₱15,783,182.9 ₱


    654,234.00 61,963,532.95 5,044,521.00 0 0 5,189,350.95
    ₱
    Short-term Borrowings
    -
    ₱
    Payable to PPE Supplier
    1,200,000.00
    ₱
    Accrued Taxes
    434,574.69
    ₱
    Total Current Liabilities 6,823,925.64
    ₱ ₱ ₱ ₱
    Owner's Equity
    9,950,872.00 8,089,442.98 1,800,000.00 16,240,314.98
    ₱
    Total Liabilities and Owner's Equity 23,064,240.62

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