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Below are the accounts of J.L Laundry for the month ended March 31, 2015 Instructions: Prepare a statement of financial position and label its parts. After which, answer the following questions.   4. How much is the total non current liability of the entity? Delivery Truck 120,000.00 Cash 22,400.00 Accounts Payable 120,000.00 Laundry Supplies 2,000.00 Inerest Payable 1,200.00 Laundry Equipment 80,000.00 Accounts Recievable ₱3,900.00 Net profit for the month 11,100.00 J.L Capital 104,000.00 J.L Drawing 1,000.00 Filipinas Hotel 4,600.00 D & E Coffee Shop 2,400.00

Below are the accounts of J.L Laundry for the month ended March 31, 2015 Instructions: Prepare a statement of financial position and label its parts. After which, answer the following questions.   4. How much is the total non current liability of the entity? Delivery Truck 120,000.00 Cash 22,400.00 Accounts Payable 120,000.00 Laundry Supplies 2,000.00 Inerest Payable 1,200.00 Laundry Equipment 80,000.00 Accounts Recievable ₱3,900.00 Net profit for the month 11,100.00 J.L Capital 104,000.00 J.L Drawing 1,000.00 Filipinas Hotel 4,600.00 D & E Coffee Shop 2,400.00

Financial Accounting
Financial Accounting
14th Edition
ISBN:9781305088436
Author:Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:Carl Warren, Jim Reeve, Jonathan Duchac
Chapter6: Accounting For Merchandising Businesses
Section: Chapter Questions
Problem 6PA: Selected accounts and related amounts for Clairemont Co. for the fiscal year ended May 31, 2016, are...
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  1. Below are the accounts of J.L Laundry for the month ended March 31, 2015

Instructions: Prepare a statement of financial position and label its parts. After which, answer the following questions.

 

4. How much is the total non current liability of the entity?

Delivery Truck

120,000.00

Cash

22,400.00

Accounts Payable

120,000.00

Laundry Supplies

2,000.00

Inerest Payable

1,200.00

Laundry Equipment

80,000.00

Accounts Recievable

₱3,900.00

Net profit for the month

11,100.00

J.L Capital

104,000.00

J.L Drawing

1,000.00

Filipinas Hotel

4,600.00

D & E Coffee Shop

2,400.00
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