This document presents the statement of financial position for Mary de Jesus Tailoring Shop as of September 30, 2011. It lists the shop's current assets of $115,000 including cash, investments, receivables, and prepaid expenses. Non-current assets include property, plant and equipment of $157,500. Current liabilities are $24,650 and non-current liabilities are $64,000. Total assets are $272,500, which equals total liabilities of $88,650 and owner's equity of $183,850. Notes provide details on receivables, prepaid expenses, property and equipment, and payables.

1. Statement of Financial Position Preparation

2. Header
Mary de Jesus Tailoring Shop
Statement of Financial Position
as at September 30, 2011

3. Assets
Current Assets
Cash
Investment in Trading Securities
Trade and Other Receivables (Note 1)
Prepaid Expenses (Note 2)
Non-current Assets
Property, Plant and Equipment (Note 3)
TOTAL ASSETS

4. Assets
Current Assets
Cash P 20,000
Investment in Trading Securities 30,500
Trade and Other Receivables (Note 1)
Prepaid Expenses (Note 2) P
Non-current Assets
Property, Plant and Equipment (Note 3)
TOTAL ASSETS P

5. Notes to Financial Statements
Notes to Financial Statements
Note 1 - Trade and Other Receivables
Accounts Receivable P 25,000
Less: Allowance for Doubtful Accounts 2,000 P 23,000
Notes Receivable 18,000
Accrued Interest Income 1,500
Total P 42,500

6. Assets
Current Assets
Cash P 20,000
Investment in Trading Securities 30,500
Trade and Other Receivables (Note 1) 42,500
Prepaid Expenses (Note 2) P
Non-current Assets
Property, Plant and Equipment (Note 3)
TOTAL ASSETS P

7. Notes to Financial Statements
Note 2 - Prepaid Expenses
Prepaid Insurance P 14,200
Office Supplies 7,800
Total P 22,000

8. Assets
Current Assets
Cash P 20,000
Investment in Trading Securities 30,500
Trade and Other Receivables (Note 1) 42,500
Prepaid Expenses (Note 2) 22,000 P 115,000
Non-current Assets
Property, Plant and Equipment (Note 3)
TOTAL ASSETS P

9. Notes to Financial Statements
Note 3 - Property, Plant and Equipment
Office Equipment P 110,000
Less: Accumulated Depreciation - Office Equipment 15,000 P 95,000
Office Furnitures and Fixtures P 70,500
Less: Accumulated Depreciation - Office Furnitures and Fixtures 8,000 62,500
Total P 157,500

10. Assets
Current Assets
Cash P 20,000
Investment in Trading Securities 30,500
Trade and Other Receivables (Note 1) 42,500
Prepaid Expenses (Note 2) 22,000 P 115,000
Non-current Assets
Property, Plant and Equipment (Note 3) 157,500
TOTAL ASSETS P 272,500

11. Liabilities and Owner’s Equity
Current Liabilities
Trade and Other Payables (Note 4)
Non-current Liabilities
Notes Payable, due in 2014
Mortagage Payable
Total Liabilities
Owner's Equity
Mary de Jesus, Capital
TOTAL LIABILITIES AND OWNER'S EQUITY

12. Notes to Financial Statements
Note 4 - Trade and Other Payables
Accounts Payable P 10,000
Withholding Tax Payable 7,400
Accrued Utilities Expense 4,700
Salaries Payable 2,550
Total P 24,650

13. Liabilities and Owner’s Equity
Current Liabilities
Trade and Other Payables (Note 4) P 24,650
Non-current Liabilities
Notes Payable, due in 2014 P
Mortagage Payable
Total Liabilities P
Owner's Equity
Mary de Jesus, Capital
TOTAL LIABILITIES AND OWNER'S EQUITY P

14. Liabilities and Owner’s Equity
Current Liabilities
Trade and Other Payables (Note 4) P 24,650
Non-current Liabilities
Notes Payable, due in 2014 P 14,000
Mortagage Payable 50,000 64,000
Total Liabilities P 88,650
Owner's Equity
Mary de Jesus, Capital
TOTAL LIABILITIES AND OWNER'S EQUITY P

15. Liabilities and Owner’s Equity
Current Liabilities
Trade and Other Payables (Note 4) P 24,650
Non-current Liabilities
Notes Payable, due in 2014 P 14,000
Mortagage Payable 50,000 64,000
Total Liabilities P 88,650
Owner's Equity
Mary de Jesus, Capital 183,850
TOTAL LIABILITIES AND OWNER'S EQUITY P 272,500

16. Current Assets
Cash P 20,000
Investment in Trading Securities 30,500
Trade and Other Receivables (Note 1) 42,500
Prepaid Expenses (Note 2) 22,000 P 115,000
Non-current Assets
Property, Plant and Equipment (Note 3) 157,500
TOTAL ASSETS P 272,500
Current Liabilities
Trade and Other Payables (Note 4) P 24,650
Non-current Liabilities
Notes Payable, due in 2014 P 14,000
Mortagage Payable 50,000 64,000
Total Liabilities P 88,650
Owner's Equity
Mary de Jesus, Capital 183,850
TOTAL LIABILITIES AND OWNER'S EQUITY P 272,500
Mary de Jesus Tailoring Shop
Statement of Financial Position
as at September 30, 2011

17. Notes to Financial Statements
Note 1 - Trade and Other Receivables
Accounts Receivable P 25,000
Less: Allowance for Doubtful Accounts 2,000 P 23,000
Notes Receivable 18,000
Accrued Interest Income 1,500
Total P 42,500
Note 2 - Prepaid Expenses
Prepaid Insurance P 14,200
Office Supplies 7,800
Total P 22,000
Note 3 - Property, Plant and Equipment
Office Equipment P 110,000
Less: Accumulated Depreciation - Office Equipment 15,000 P 95,000
Office Furnitures and Fixtures P 70,500
Less: Accumulated Depreciation - Office Furnitures and Fixtures 8,000 62,500
Total P 157,500
Note 4 - Trade and Other Payables
Accounts Payable P 10,000
Withholding Tax Payable 7,400
Accrued Utilities Expense 4,700
Salaries Payable 2,550
Total P 24,650