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Exercise 14 Chapter 3

This document is a statement of financial position for Playnet.com Internet Shop as of March 31. It lists the company's assets including current assets of cash, supplies, and rent deposit totaling ₱132,000 and noncurrent assets of furniture/fixtures, equipment, and leasehold improvements totaling ₱368,000 for total assets of ₱500,000. The statement also shows liabilities of ₱150,000 in notes payable and owner's equity of ₱350,000 from De Dios, Capital for total liabilities and owner's equity of ₱500,000.

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BAUTISTA, KYLA ALYSSA
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27 views

Exercise 14 Chapter 3

This document is a statement of financial position for Playnet.com Internet Shop as of March 31. It lists the company's assets including current assets of cash, supplies, and rent deposit totaling ₱132,000 and noncurrent assets of furniture/fixtures, equipment, and leasehold improvements totaling ₱368,000 for total assets of ₱500,000. The statement also shows liabilities of ₱150,000 in notes payable and owner's equity of ₱350,000 from De Dios, Capital for total liabilities and owner's equity of ₱500,000.

Uploaded by

BAUTISTA, KYLA ALYSSA
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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PLAYNET.

COM INTERNET SHO

DATE ASSETS
March Cash Supplies Rent Deposit Furnitures&Fxtures
1 350,000
10 (10,000) 10,000
15 (68,000) 8,000
20 (1,500) 1,500
25 (150,000)
₱ 120,500 ₱ 1,500 ₱ 10,000 ₱ 8,000

Playnet.com Internet Shop


Statement of Financial Position
as of March 31, 20_

ASSETS LIABILITIES & OWNER'S EQUIT


Current Assets Current Liabilities
Cash ₱ 120,500 Notes Payable
Supplies 1,500 TOTAL LIABILITIES
Rent Deposit 10,000 Owner's Equity
TOTAL CURRENT ASSETS ₱ 132,000 De Dios, Capital
Noncurrent Assets TOTAL LIABILITIES &OWNER'S EQUIT
Furnitures & Fixtures 8,000
Equipment 345,000
Leasehold Improvement 15,000
TOTAL NONCURRENT ASSETS 368,000
TOTAL ASSETS ₱ 500,000
NET.COM INTERNET SHOP

LIABILITIES + OWNER'S EQUITY


Equipment Leasehold Improv. Notes Payable De Dios, Capital
350,000

45,000 15,000

300,000 150,000
₱ 345,000 ₱ 15,000 ₱ 150,000 ₱ 350,000
₱ 500,000 ₱ 500,000

LITIES & OWNER'S EQUITY


iabilities
ayable ₱ 150,000
L LIABILITIES ₱ 150,000
Equity
, Capital 350,000
BILITIES &OWNER'S EQUITY ₱ 500,000

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