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    WBE Brion Service Centre Statement of Financial Position As of December 31, 2019 Assets

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    Cheche Casaljay Ampoan
    The statement of financial position for WBE Brion Service Centre shows total assets of $204,590 as of December 31, 2019, including current assets of $41,200 and non-current assets of $163,390. Total liabilities were $74,600, including accounts payable, loans, notes and a mortgage payable. Owner's equity included Mr. W's capital and drawings of $75,000 and net income for the year of $54,990, totaling $129,990 in owner's equity.

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    WBE Brion Service Centre Statement of Financial Position As of December 31, 2019 Assets

    Uploaded by

    Cheche Casaljay Ampoan
    451 views4 pages
    The statement of financial position for WBE Brion Service Centre shows total assets of $204,590 as of December 31, 2019, including current assets of $41,200 and non-current assets of $163,390. Total liabilities were $74,600, including accounts payable, loans, notes and a mortgage payable. Owner's equity included Mr. W's capital and drawings of $75,000 and net income for the year of $54,990, totaling $129,990 in owner's equity.

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    The statement of financial position for WBE Brion Service Centre shows total assets of $204,590 as of December 31, 2019, including current assets of $41,200 and non-current assets of $163,390. Total liabilities were $74,600, including accounts payable, loans, notes and a mortgage payable. Owner's equity included Mr. W's capital and drawings of $75,000 and net income for the year of $54,990, totaling $129,990 in owner's equity.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    451 views4 pages

    WBE Brion Service Centre Statement of Financial Position As of December 31, 2019 Assets

    Uploaded by

    Cheche Casaljay Ampoan
    The statement of financial position for WBE Brion Service Centre shows total assets of $204,590 as of December 31, 2019, including current assets of $41,200 and non-current assets of $163,390. Total liabilities were $74,600, including accounts payable, loans, notes and a mortgage payable. Owner's equity included Mr. W's capital and drawings of $75,000 and net income for the year of $54,990, totaling $129,990 in owner's equity.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 4

    WBE Brion Service Centre

    Statement of Financial Position


    As of December 31, 2019

    Assets
    Current Assets
    Cash 18,540.00
    Account Receivable 21,460.00
    Notes Receivable 1,200.00
    Total Current Assets 41,200.00

    Non-Current Assets
    Office Equipment 12,000.00
    Tools 21,500.00
    Furnitures and Fixtures 8,900.00
    Service Vehicle 84,700.00
    Shop Equipment 36,290.00
    Total Non-Current Assets 163,390.00

    Total Assets 204,590.00

    Liabilities and Owner's Equity


    Curret Liabilities
    Accounts Payable 16,600.00
    Loans Payable (short-term) 20,000.00
    Notes Payable 8,000.00
    Non-Current Liabilities
    Mortgage Payabe 30,000.00
    74,600.00

    Owner's Equity
    Mr. W. Capital
    Mr. W. Drawing 85,000.00
    (10,000.00)
    75,000.00
    Net Income 54,990.00 129,990.00
    Total Liabilities and Owner's Equity 204,590.00

    -
    WBE Brion Service Centre
    Statement of Financial Position
    As of December 31, 2019

    Assets
    Current Assets
    Cash 18,540.00
    Account Receivable 21,460.00
    Notes Receivable 1,200.00
    Total Current Assets 41,200.00

    Non-Current Assets
    Office Equipment 12,000.00
    Tools 21,500.00
    Furnitures and Fixtures 8,900.00
    Service Vehicle 84,700.00
    Shop Equipment 36,290.00
    Total Non-Current Assets 163,390.00

    Total Assets 204,590.00


    Brion Service Centre
    nt of Financial Position
    December 31, 2019

    Liabilities and Owner's Equity


    Curret Liabilities
    Accounts Payable 16,600.00
    Loans Payable (short-term) 20,000.00
    Notes Payable 8,000.00
    Non-Current Liabilities
    Mortgage Payabe 30,000.00
    74,600.00

    Owner's Equity
    Mr. W. Capital
    Mr. W. Drawing 85,000.00
    (10,000.00)
    75,000.00
    Net Income 54,990.00 129,990.00
    Total Liabilities and Owner's Equity 204,590.00
    WBE Brion Service Centre
    Statement of Financial Position
    For the Year Ended December 31, 2019

    Income
    Service Income 78,560.00
    Interest Income 360.00
    Rental Income 6,000.00
    Total Income 84,920.00

    Expenses
    Salaries Expense 21,000.00
    Communication Expense 1,250.00
    Interest Expense 220.00
    Postage and Stamps Expe 50.00
    Insurance Expense 4,100.00
    Utilities Expense 160.00
    Supplies Expense 3,150.00
    Total Expense 29,930.00

    Net Income 54,990.00

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