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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