Question: Pls, help me Day 5: Application (What can I do) Good Day! Today, we will do something different. If you were able to answer our
Pls, help me
Day 5: Application (What can I do)
Good Day! Today, we will do something different. If you were able to answer our activity yesterday, I bet you were. This is what I want you to do.
Activity 3: Balance Sheet.
Direction: Prepare a balance sheet in good form using the following information below:
Company Name: Richwellians Shoe Shop, Inc.
Covered Period: January 1, 2020 to December 31, 2020
Presentation Currency: Philippine Peso
Account balances as of December 31, 2020:
Cash: Php 100,000
Accounts Receivable: Php 230,000
Accounts Payable: Php 80,000
Inventories: Php 300,000
Prepaid Expense: Php 10,000
Utilities Payable: Php 15,000
Notes Payable: Php 30,000
Richwellians, Capital: Php ?????
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