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On december 31,2018 the bookkeeper of Jennt merchandising provided the following information:
Accounts payable-trade .......4,350,00
Accounts receivable-trade ......3,100,00
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
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, 2023...... 5,000,000
Premium on bonds payable..... 500,000
Cash in PNB#001 .......2,300,000
Cash in PNB#002 .......(150,000)
Jenny, capital..... 17,880,000
Accumulates depreciation, building....... 2,000,000
Accumulates depreciation, machinery...... 1,500,000
Accumulates depreciation, office furniture ......800,000
Jenny, drawing..... 2,800,000
Allowance for doubtful accounts ......300,000
Raw materials ........500,000
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
SSS payable........ 200,000
Withholding tax payable .........150,000
Finished goods........ 1,000,000
Required: prepare the statement of financial position of Jenny Mechandising of december 31, 2018 with supporting schedule
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