Ellen Joy Raballe

Ybong Trading Balance Sheet December 31, 2019 and 2018 (In Philippine Peso) Notes 2019 2018 2 3 4 588,955 354,495 3,391,855 4,335,305 587,022 427,800 2,266,075 3,280,902 5 6 1,004,645 400,000 1,404,645 5,739,950 1,300,000 80,000 1,380,000 4,660,896 7 17,130 19,107 8 100,000 117,130 10,000 29,107 8 200,000 317,130 29,107 9 4,631,795 801,025 10,000 5,422,820 5,739,950 3,795,458 876,331 40,000 4,631,795 4,660,896 ASSETS CURRENT ASSETS Cash and cash equivalents Receivables, net Inventories, net Total current assets NON-CURRENT ASSETS Property and equipment, net Other assets Total non-current assets Total assets LIABILITIES AND EQUITY CURRENT LIABILITIES Accounts payable and accrued expenses Income and other taxes payable Borrowings Total current liabilities NON-CURRENT LIABILITIES Borrowings, net of current portion Total liabilities EQUITY Mrs. Idian, Capital Beg. Add: Net Income Less: Drawings Total equity Total liabilities and equity