Activity No.2 Prepare a Report Form of SFP as of December 31, 2020. The following pieces of information were taken from XYZ Company. Use a separate sheet for your answers. Arrange the following using the Report form of ŠFP. Long Term Payable Notes Payable Property Plant and Equipment Accounts Receivable Accounts Payable Accumulated Depreciation Cash Owner's Capital Unearned Income P 600,000.00 220,000.00 850,000.00 66,000.00 75,000.00 200,000.00 97,000.00 25,345.00 344,000.00 66,700.00 47,890.00 257,840.00 224,500.00 Notes Receivable Prepaid Expenses Accrued Expenses Inventory Intangible Assets

Activity No.2 Prepare a Report Form of SFP as of December 31, 2020. The following pieces of information were taken from XYZ Company. Use a separate sheet for your answers. Arrange the following using the Report form of ŠFP. Long Term Payable Notes Payable Property Plant and Equipment Accounts Receivable Accounts Payable Accumulated Depreciation Cash Owner's Capital Unearned Income P 600,000.00 220,000.00 850,000.00 66,000.00 75,000.00 200,000.00 97,000.00 25,345.00 344,000.00 66,700.00 47,890.00 257,840.00 224,500.00 Notes Receivable Prepaid Expenses Accrued Expenses Inventory Intangible Assets

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter8: Current And Contingent Liabilities

Section: Chapter Questions

Problem 3MCQ

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