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    PT 1 (Alemany)

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    Thrisha Alemany
    The document is a statement of financial position for Mavic Enterprises as of December 31, 2021. It lists current assets of ₱163,000, noncurrent assets of ₱465,500, total assets of ₱628,500. Current liabilities are ₱91,900, noncurrent liabilities are ₱100,000, total liabilities are ₱191,900. Owner's equity includes capital of ₱1,120,000 and drawings of ₱250,000, for a net owner's equity of ₱870,000 and total liabilities and owner's equity of ₱1,061,900.

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    © All Rights Reserved
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    PT 1 (Alemany)

    Uploaded by

    Thrisha Alemany
    26 views5 pages
    The document is a statement of financial position for Mavic Enterprises as of December 31, 2021. It lists current assets of ₱163,000, noncurrent assets of ₱465,500, total assets of ₱628,500. Current liabilities are ₱91,900, noncurrent liabilities are ₱100,000, total liabilities are ₱191,900. Owner's equity includes capital of ₱1,120,000 and drawings of ₱250,000, for a net owner's equity of ₱870,000 and total liabilities and owner's equity of ₱1,061,900.

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    Pt 1 (Alemany)

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    The document is a statement of financial position for Mavic Enterprises as of December 31, 2021. It lists current assets of ₱163,000, noncurrent assets of ₱465,500, total assets of ₱628,500. Current liabilities are ₱91,900, noncurrent liabilities are ₱100,000, total liabilities are ₱191,900. Owner's equity includes capital of ₱1,120,000 and drawings of ₱250,000, for a net owner's equity of ₱870,000 and total liabilities and owner's equity of ₱1,061,900.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    26 views5 pages

    PT 1 (Alemany)

    Uploaded by

    Thrisha Alemany
    The document is a statement of financial position for Mavic Enterprises as of December 31, 2021. It lists current assets of ₱163,000, noncurrent assets of ₱465,500, total assets of ₱628,500. Current liabilities are ₱91,900, noncurrent liabilities are ₱100,000, total liabilities are ₱191,900. Owner's equity includes capital of ₱1,120,000 and drawings of ₱250,000, for a net owner's equity of ₱870,000 and total liabilities and owner's equity of ₱1,061,900.

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    ACCOUNT FO

    Mavic Enterpr
    Statement of Financi
    December 31, 2
    (in Philippine P

    Assets
    Current Assets
    Cash in Bank
    Petty Cash Fund
    Accounts Receivable ₱ 175,000
    Less: Allowance for Bad Debts 12,000
    Unused Supplies
    Prepaid Insurance
    Rental Deposit
    Total Current Assets

    Noncurrent Assets
    Office Equipment 70,000
    Less: Accumulated Depreciation-Office Equipment 4,500
    Net Office Equipment
    Laboratory Equipment 400,000
    Less: Accumulated Depreciation-Laboratory Equipment 5,000
    Net Laboratory Equipment

    Total Assets

    REPORT FORM
    Mavic Enterprises
    Statement of Financial Position
    December 31, 2021
    (in Philippine Peso)
    Assets
    Current Assets
    Cash in Bank
    Petty Cash Fund
    Accounts Receivable ₱ 175,000
    Less: Allowance for Bad Debts 12,000
    Unused Supplies
    Prepaid Insurance
    Rental Deposit
    Total Current Assets

    Noncurrent Assets
    Office Equipment 70,000
    Less: Accumulated Depreciation-Office Equipment 4,500
    Net Office Equipment
    Laboratory Equipment 400,000
    Less: Accumulated Depreciation-Laboratory Equipment 5,000
    Net Laboratory Equipment

    Total Assets

    Liabilities and Owner's Equity


    Current Liabilities
    Accounts Payable
    Expenses Payable
    Witholding Taxes Payable
    SSS/EC Premiums Payable
    HDMF Premiums Payable
    PhilHealth Premiums Payable
    Total Current Liabilities

    Noncurrent Liabilities
    Loans Payable
    Total Liabilities

    Owner's Equity
    Mavic Perez, Capital 1,120,000
    Less: Mavic Perez, Drawing 250,000
    Net Owner's Equity

    Total Liabilities and Owner's Equity


    ACCOUNT FORM
    Mavic Enterprises
    Statement of Financial Position
    December 31, 2021
    (in Philippine Peso)

    Liabilities and Owner's Equity


    Current Liabilities
    ₱ 146,400 Accounts Payable
    5,000 Expenses Payable
    Witholding Taxes Payable
    SSS/EC Premiums Payable
    135,000 HDMF Premiums Payable
    2,000 PhilHealth Premiums Payable
    150,000 Total Current Liabilities
    601,400

    Noncurrent Liabilities
    Loans Payable
    Total Liabilities
    65,500
    Owner's Equity
    Mavic Perez, Capital
    395,000 Less: Mavic Perez, Drawing
    Net Owner's Equity
    ₱ 1,061,900 Total Liabilities and Owner's Equity

    ORM
    ises
    al Position
    2021
    eso)

    ₱ 146,400
    5,000
    135,000
    2,000
    150,000
    601,400

    65,500

    395,000

    ₱ 1,061,900

    ₱ 65,000
    2,000
    14,500
    4,900
    2,000
    3,500
    91,900

    100,000
    191,900

    870,000

    ₱ 1,061,900
    Owner's Equity

    ₱ 65,000
    2,000
    14,500
    4,900
    2,000
    3,500
    ₱ 91,900

    100,000
    191,900

    1,120,000
    250,000
    870,000
    ₱ 1,061,900

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