Trixie Mae Perez

JD Grocery Shop Balance Sheet As of October 31, 2020 TOTAL Assets Current Assets Accounts receivable Accounts Receivable (A/R) 79,000.00 Total Accounts receivable PHP79,000.00 Cash on hand and in bank 669,832.03 Inventory 43,657.14 Prepaid expenses 0.00 Total Current Assets PHP792,489.17 Long-term assets Furnitures and Fixtures 24,107.14 Leasehold Improvement 89,285.71 Tools and Equipment 114,285.71 Accumulated Amortization-Leasehold Improvement Accumulated Depreciation-Furniture and Fixture -1,488.10 -401.79 Accumulated Depreciation-Tools and Equipment -1,904.76 Security Deposits 20,000.00 Total long-term assets 243,883.91 Total Assets PHP1,036,373.08 Liabilities and shareholder's equity Current liabilities: Accrued Salaries 16,500.00 INPUT VAT Payable -62,188.73 OUTPUT VAT Payable 39,188.58 Total current liabilities PHP -6,500.15 Non-current liabilities: Accounts Payable 0.00 ADVANCES FROM JD 0.00 Total non-current liabilities PHP0.00 Shareholders' equity: Net Income 42,873.23 JD CAPITAL 1,000,000.00 Retained Earnings 0.00 Total shareholders' equity PHP1,042,873.23 Total liabilities and equity PHP1,036,373.08 Accrual Basis Wednesday, 1 December 2021 06:26 PM GMT+08:00 1/1