On December 31, 2015,the bookkeeper of Trinity Company provided the following information:
Accounts payable - trade 4,000,000
Accounts receivable - trade 3,100,000
Bank loan, short-term borrowings 1,500,000
Processing formulas 300,000
Land held for speculation 2,500,000
Land 5,000,000
Change fund 30,000
Treasury shares 900,000
Prepaid advertising 80,000
Unused office supplies 20,000
Notes payable - trade 2,500,000
Notes receivable 1,000,000
Copyright 300,000
Tools 100,000
Building 8,000,000
Machinery 5,000,000
Office furniture 1,800,000
Computer software 500,000
Bonds payable 5,000,000
Time deposit, due December 31, 2020 5,000,000
Premium on bonds payable 500,000
Cash in PNB # 001 2,300,000
Cash in PNB #002 ( 150,000)
Ordinary share, par P10 6,000,000
Accumulated depreciation, building 2,000,000
Accumulated depreciation, machinery 1,500,000
Accumulated depreciation, office furniture 800,000
Share premium - ordinary 500,000
Share premium - preference 400,000
Preference shares, par P100 4,000,000
Allowance for doubtful accounts 300,000
Cash dividends payable 350,000
Raw materials 500,000
Appropriation for treasury shares 900,000
Appropriation for plant expansion 1,000,000
Accrued expenses 250,000
Goods in process 600,000
Accrued interest on notes receivable 50,000
Cash on hand for deposit 700,000
Investment in associate 1,000,000
Mortgage payable in semi-annual installments of P500,000
4,000,000
Stock dividends payable 500,000
Retained earnings 2,680,000
SSS payable 200,000
Withholding tax payable 150,000
Finished goods 1,000,000
Required: Prepare the Statement of financial Position of Trinity Company as of december 31, 2015 with supporting schedule
2.8 - Problem On December 31, 2015, the bookkeeper of Trinity Company provided the following information Accounts payable-tradie 4,000,000 Accounts receivable-trade 3,100,000 Bank loan, short-term borrowings 1,500,000 Processing formulas 300,000 Land held for speculation 2,500,000 Land 5,000,000 Change fund 30,000 Treasury shares 900,000 Prepad advertising 80,000 Unused office suppo 20,000 Notas payable-trade 2,500,000 Notes receivable 1,000,000 Copyright 300,000 Tools 100,000 Building 8.000.000 Machinery 5,000,000 Orice furniture 1,800,000 Computer software 500.000 Bonds payable 5.000.000 Time deposit, due December 31, 2020 5.000.000 Pramm on bonds payable 500 000 Cash in PNS001 2.300,000 Cash PNB 2002 150,0001 Ordinary shar, a PIO 6,000,000 Accumulated depreciation building 2.000.000 Accumulated depreciation machinery 1.500.000 Accumulated depreciation office furniture 800.000 Share promum-ordinary 500.000 Share premium-preference 400.000 Preference shares, par P100 4,000,000 lowance for de counts 300,000 Cash dividends payable 350,000 500,000 Appropriation for treasury has 800,000 Acoronation for plant DIOS 1,000,000 Accrued as 250,000 Goods in proces 600,000 Acordeon notas receivable G0.000 Cash on hand for deposit 700.000 1,000,000 ment in associate Mortgage payable in semi-annual intents of P500.000 4.000.000 Stock dividends payable 500.000 Retained earnings 2.880,000 SSS puble 200,000 150.000 Withholding table Fished goods 1.000.000 Required: Prepare the statement of financial position of Trinity Company as of December 31, 2015 with supporting schedule.