pahelp po, dko po kasi alam, paturo na rin po, deadline po sabado itong abm ko po. Additional
Directions: Prepare a Statement of Financial Position for the company (one in report
form and one in account form) - to be prepared using a worksheet or a columnar
notebook.
You were hired by Mr. Taga Mula to prepare his sari-sari store's Statement of Financial
Position. In order to prepare the statement, you identify the following assets and liabilities of
Mr. Mula:
a. His sari-sari store has cash deposited in a bank account amounting to
P50,000.
b. His sari-sari store had a lot of uncollected sales from customers
amounting to P75,000.
c. The total amount of merchandise left inside the store is P30,000.
d. He already paid one year's rent in advance amounting to P12,000.
e. The value of all the company's furniture amounted to P100,000.
f. He bought merchandise from his supplier amounting to P25,000 and the
supplier agreed that payment can be made 2 months after year-end.
g. SSS, Philhealth and Pag-ibig Payables for his one employee totalled
P5,000.
h. The sari-sari store had outstanding liabilities to utility companies
amounting to P3,000.
i. He had a loan from the bank amounting to P50,000 to be paid in 3 years.

Pakianswer po thank you.​