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    Activity 2. Fabm

    Uploaded by

    marey a
    This document is a statement of financial position for RC Spa's of Ms. Ruth Cortez as of December 31, 2020. It includes assets such as cash, accounts receivable, prepaid insurance, supplies, land, furniture and fixtures, marketable securities, and notes receivable. It also includes liabilities like accounts payable, utilities payable, mortgage payable, salaries payable, debt, and taxes payable. The statement of financial position is divided into current and non-current sections for both assets and liabilities, with owner's equity listed at the bottom.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd

    Activity 2. Fabm

    Uploaded by

    marey a
    14 views7 pages
    This document is a statement of financial position for RC Spa's of Ms. Ruth Cortez as of December 31, 2020. It includes assets such as cash, accounts receivable, prepaid insurance, supplies, land, furniture and fixtures, marketable securities, and notes receivable. It also includes liabilities like accounts payable, utilities payable, mortgage payable, salaries payable, debt, and taxes payable. The statement of financial position is divided into current and non-current sections for both assets and liabilities, with owner's equity listed at the bottom.

    Original Title

    ACTIVITY 2. FABM

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    This document is a statement of financial position for RC Spa's of Ms. Ruth Cortez as of December 31, 2020. It includes assets such as cash, accounts receivable, prepaid insurance, supplies, land, furniture and fixtures, marketable securities, and notes receivable. It also includes liabilities like accounts payable, utilities payable, mortgage payable, salaries payable, debt, and taxes payable. The statement of financial position is divided into current and non-current sections for both assets and liabilities, with owner's equity listed at the bottom.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    14 views7 pages

    Activity 2. Fabm

    Uploaded by

    marey a
    This document is a statement of financial position for RC Spa's of Ms. Ruth Cortez as of December 31, 2020. It includes assets such as cash, accounts receivable, prepaid insurance, supplies, land, furniture and fixtures, marketable securities, and notes receivable. It also includes liabilities like accounts payable, utilities payable, mortgage payable, salaries payable, debt, and taxes payable. The statement of financial position is divided into current and non-current sections for both assets and liabilities, with owner's equity listed at the bottom.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 7

    3-year Debt Furniture and Fixture

    5- year Notes Receivable Interest Payable


    6-month Debt Land
    8-Months Notes Receivable Marketable Securities
    Accounts Payable Mortgage Payable
    Accounts Receivable Prepaid Insurance
    Accumulated Depreciation - Furniture and Fixture R.Cortez, Capital 12/31/2020
    Accumulated Depreciation-Building Salaries Payable
    Allowance for Bad Debts - 5-year Notes Payable Supplies
    Allowance for Bad Debts - Accounts Receivable Taxes and Licenses Payable
    Bonds Payable Unearned Revenue
    Building Utilities Payable
    Cash
    Delivery Truck

    RC Spa's of Ms. Ruth Cortez at Del Rosario, Naga City


    Statement of Financial Position
    As of December 31, 2020

    ASSETS
    Current Assets
    Cash #REF!
    Accounts Receivable #REF!
    Prepaid Insurances 25,000.00
    Supplies 10,000.00
    Allowance for bad depths- 5 yrs Accounts Receivable #REF!
    5- year Notes Receivable #REF!

    TOTAL CURRENT ASSETS #REF!

    NON CURRENT ASSETS


    Land 3,000,000.00
    Furniture & Fixture 12,000.00
    Delivery Truck #REF!
    Building #REF!
    Marketable Securities 35,000.00
    Accumulated Depreciation - Furniture and Fixture #REF! 1,448,000.00
    Accumulated Depreciation-Building #REF!
    8-Months Notes Receivable #REF!
    TOTAL NON CURRENT ASSETS
    TOTAL ASSETS

    RC Spa's of Ms. Ruth Cortez at Del Rosario, Naga City


    Statement of Financial Position
    As of December 31, 2020

    ASSETS
    Current Assets
    Cash
    Accounts Receivable
    Prepaid Insurances
    Supplies
    Allowance for bad depths- 5 yrs Accounts Receivable
    5- year Notes Receivable

    TOTAL CURRENT ASSETS

    NON CURRENT ASSETS


    Land
    Furniture & Fixture
    Delivery Truck
    Building
    Marketable Securities
    Accumulated Depreciation - Furniture and Fixture
    Accumulated Depreciation-Building
    8-Months Notes Receivable

    TOTAL NON CURRENT ASSETS


    TOTAL ASSETS

    LIABILITIES & OWNERS EQUITY


    Current Liabilities
    Accounts Payable
    Utilities Payable
    Mortage Payable
    Salaries Payable
    Allowance for Bad Debts - 5-year Notes Payable
    6-month Debt
    Unearned Revenue
    TOTAL CURRENT LIABILITIES

    NON CURRENT LIABLITIES


    Bonds Payable
    Interest Payable
    3-year Debt
    Taxes and Licenses Payable

    TOTAL NON CURRENT LIABLITIES

    OWNER'S EQUITY
    R.Cortez, Capital 12/31/2020

    TOTAL LIABILITIES & OWNERS EQUITY


    re and Fixture ###
    ###
    ###
    able Securities ###
    ###
    ###
    ez, Capital 12/31/2020 ###
    ###
    ###
    and Licenses Payable ###
    ned Revenue ###
    ### 65
    787
    9
    14

    ez at Del Rosario, Naga City


    nancial Position
    ember 31, 2020
    LIABILITIES & EQUITY
    Current Liabilities
    Accounts Payable
    Utilities Payable
    Mortage Payable
    Salaries Payable
    Allowance for Bad Debts - 5-year Notes Payable #REF!
    6-month Debt
    Unearned Revenue

    TOTAL CURRENT LIABILITIES

    NON CURRENT LIABLITIES


    Bonds Payable
    Interest Payable
    3-year Debt
    Taxes and Licenses Payable

    TOTAL NON CURRENT LIABLITIES

    OWNER'S EQUITY
    R.Cortez, Capital 12/31/2020

    TOTAL LIABILITIES & OWNERS EQUITY

    ez at Del Rosario, Naga City


    nancial Position
    ember 31, 2020
    #REF!
    75,000.00
    150,000.00
    140,000.00

    #REF!
    310,000.00

    #REF! #REF!

    #REF!
    15,000.00
    #REF!
    65,000.00

    #REF!
    2,630,000.00

    #REF!

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