Answer:
REPORT FORM
Aresco Company
Statement of Financial Position
As of 2022
Assets
Current Assets
Cash P 5,000.00
Accounts Receivable 2,600.00
Supplies 2,300.00
Total Current Assets 9,900.00
Noncurrent Assets
Building 113,000.00
Equipment 17,000.00
Total Noncurrent Assets 130,000.00
Total Assets P 139,000.00
Liabilities
Current Liability
Accounts Payable P 22,400.00
Noncurrent Liability
Loans Payable 77,500.00
Total Liabilities P 99,900.00
Owner's Equity 40,000.00
Total Liabilities and Owner's Equity P139,900.00
ACCOUNT FORM
Aresco Company
Statement of Financial Position
As of 2022
‼️Note‼️
Yung account form na answer ay the same sa picture . Account form na yan. I copy mo lng Yung name Ng company na "Aresco Company " o pwede ding gumawa ka Ng pangalan Ng company na gusto mo , I copy mo din yung Statement of Financial Position at As of 2022. Yan Yung format Ng heading Ng SFP.
Remember:
- Ang Account form ay horizontal Ang format o yung nasa left Ang Assets at nasa right naman ang Liabilities and Owner's Equity
- Ang Report Form ay vertical Ang position which means pababa Ang assets , then liabilities and last equity.
Yun lng. I hope na naiintindihan mo Yung mga sinabi ko.
