Use the following information for questions The following information is available for Cuyi Company for the year ended December 31, 2021 Accounts Payable P2,700 Accumulated Depreciation-Equipment 4,000 Cuyi, Capital 7,800 Intangible Asset 2,500 Notes Payable (Due in 5 years) 7,500 Accounts Receivable 1,500 Cash 2,600 Short-Term Investment 1,000 Equipment 7,500 Long-Term Investment 6,900 Use the above information to prepare a balance sheet for the year ended December 31, 2021.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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•What is the total Current Assets, Non-Current
Assets, Current Liabilities, Non-Current Liabilities,
Liabilities and Owner's Equity, and Total Asset?
Transcribed Image Text:•What is the total Current Assets, Non-Current Assets, Current Liabilities, Non-Current Liabilities, Liabilities and Owner's Equity, and Total Asset?
Use
the following information for questions
The following information is available for Cuyi Company for the year ended December 31, 2021
Accounts Payable
P2,700
Accumulated Depreciation-Equipment
4,000
Cuyi, Capital
7,800
Intangible Asset
2,500
Notes Payable (Due in 5 years)
7,500
Accounts Receivable
1,500
Cash
2,600
Short-Term Investment
1,000
Equipment
7,500
Long-Term Investment
6,900
Use the above information to prepare a balance sheet for the year ended December 31, 2021.
Transcribed Image Text:Use the following information for questions The following information is available for Cuyi Company for the year ended December 31, 2021 Accounts Payable P2,700 Accumulated Depreciation-Equipment 4,000 Cuyi, Capital 7,800 Intangible Asset 2,500 Notes Payable (Due in 5 years) 7,500 Accounts Receivable 1,500 Cash 2,600 Short-Term Investment 1,000 Equipment 7,500 Long-Term Investment 6,900 Use the above information to prepare a balance sheet for the year ended December 31, 2021.
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