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BalanceSheet (6)

As of July 31, 2023, AMG Merchandizing has total assets of PHP 668,788,333.33, which include current assets of PHP 658,955,000.00 and long-term assets of PHP 9,833,333.33. The company's total liabilities amount to PHP 151,000,000.00, while shareholders' equity stands at PHP 517,788,333.33. The balance sheet reflects a healthy financial position with significant cash reserves and retained earnings.

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Richard Mendoza
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4 views

BalanceSheet (6)

As of July 31, 2023, AMG Merchandizing has total assets of PHP 668,788,333.33, which include current assets of PHP 658,955,000.00 and long-term assets of PHP 9,833,333.33. The company's total liabilities amount to PHP 151,000,000.00, while shareholders' equity stands at PHP 517,788,333.33. The balance sheet reflects a healthy financial position with significant cash reserves and retained earnings.

Uploaded by

Richard Mendoza
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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AMG Merchandizing

Balance Sheet
As of July 31, 2023

TOTAL
Assets
Current Assets
Accounts receivable
Accounts Receivable (A/R) 44,400,000.00
Total Accounts receivable PHP44,400,000.00
Cash and cash equivalents 480,713,000.00
Allowance for bad debt -888,000.00
Inventory Asset 133,800,000.00
Office Supplies 600,000.00
Prepaid insurance 330,000.00
Total Current Assets PHP658,955,000.00
Long-term assets
Equipment 10,000,000.00
Accumulated depreciation- equipment -166,666.67
Total long-term assets 9,833,333.33
Total Assets PHP668,788,333.33

Liabilities and shareholder's equity


Current liabilities:
Accounts payable
Accounts Payable (A/P) 50,000,000.00
Total Accounts payable PHP50,000,000.00
Utilities Payable 1,000,000.00
Total current liabilities PHP51,000,000.00
Non-current liabilities:
Bonds Payable 100,000,000.00
Total non-current liabilities PHP100,000,000.00
Shareholders' equity:
Net Income 37,788,333.33
Opening Balance Equity 0.00
Retained Earnings
Share capital 300,000,000.00
Share premium 180,000,000.00
Total shareholders' equity PHP517,788,333.33
Total liabilities and equity PHP668,788,333.33

Accrual Basis Sunday, July 28, 2024 02:11 PM GMT+08:00 1/1

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