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Activity No.2 Prepare a Report Form of SFP as of December 31, 2020. The following pieces of information were taken from XYZ Company. Use a separate sheet for your answers. Arrange the following using the Report form of ŠFP. Long Term Payable Notes Payable Property Plant and Equipment Accounts Receivable Accounts Payable Accumulated Depreciation Cash Owner's Capital Unearned Income P 600,000.00 220,000.00 850,000.00 66,000.00 75,000.00 200,000.00 97,000.00 25,345.00 344,000.00 66,700.00 47,890.00 257,840.00 224,500.00 Notes Receivable Prepaid Expenses Accrued Expenses Inventory Intangible Assets

Activity No.2 Prepare a Report Form of SFP as of December 31, 2020. The following pieces of information were taken from XYZ Company. Use a separate sheet for your answers. Arrange the following using the Report form of ŠFP. Long Term Payable Notes Payable Property Plant and Equipment Accounts Receivable Accounts Payable Accumulated Depreciation Cash Owner's Capital Unearned Income P 600,000.00 220,000.00 850,000.00 66,000.00 75,000.00 200,000.00 97,000.00 25,345.00 344,000.00 66,700.00 47,890.00 257,840.00 224,500.00 Notes Receivable Prepaid Expenses Accrued Expenses Inventory Intangible Assets

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Prepare the Statement of Financial Position
Activity No.2 Prepare a Report Form of SFP as of December 31, 2020. The following pieces of information were taken from XYZ Company. Use a separate sheet for your answers. Arrange the following using the Report form of SFP. P 600,000.00 Long Term Payable Notes Payable Property Plant and Equipment Accounts Receivable 220,000.00 850,000.00 66,000.00 75,000.00 Accounts Payable Accumulated Depreciation Cash Owner's Capital Unearned Income 200,000.00 97,000.00 ? 25,345.00 344,000.00 Notes Receivable Prepaid Expenses Accrued Expenses Inventory Intangible Assets 66,700.00 47,890.00 257,840.00 224,500.00
Transcribed Image Text:Activity No.2 Prepare a Report Form of SFP as of December 31, 2020. The following pieces of information were taken from XYZ Company. Use a separate sheet for your answers. Arrange the following using the Report form of SFP. P 600,000.00 Long Term Payable Notes Payable Property Plant and Equipment Accounts Receivable 220,000.00 850,000.00 66,000.00 75,000.00 Accounts Payable Accumulated Depreciation Cash Owner's Capital Unearned Income 200,000.00 97,000.00 ? 25,345.00 344,000.00 Notes Receivable Prepaid Expenses Accrued Expenses Inventory Intangible Assets 66,700.00 47,890.00 257,840.00 224,500.00
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