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ASSETS
CURRENT ASSETS:
Cash Php.1, 120.00
Accounts receivable 315.00
Inventories 330.00 Php.1, 765
FIXED ASSETS:
Delivery truck Php.835.00
Land, Building & Equipment 6, 000.00 6, 885
TOATL ASSETS Php.8, 650
CURRENT LIABILITIES:
Vinegar Supply Store Php.947
Accounts Payable 2, 000.00 Php.2, 945
EQUITIES
M.J, capital Php.5, 200.00
Less. M.J Personal 50.00
Net Capital Balance 5, 1501.00
Add: Net Profit for the month 555.00 5, 705
Php.8, 650