Alvaro Printing Press, a calendar-year business, as of December 31,2019

Prepare:

statement of financial position-report form.

Debit Credit Debt Credit Accounts Payable P35,000 Interest Payable 3.600 Accounts Receivable P82,000 Investment in Trading 70 000 Securities Accumulated 1.000 Mortgage Payable 15.000 Depreciation- Furniture and Fixture Accumulated 2,250 Notes Payable - due in 30.000 Depreciation - Office two years Equipment Accumulated 6,250 Notes Receivable - due 150,000 Depreciation - Pressing in six months Machine Accumulated 10,000 Office Equipment 20,000 Depreciation - Printing Machine Alowance for Doubtful 5,000 Office Supplies 8,000 Accounts Alvaro, Capital ? |Pressing Machine 10.500 Alvaro, Drawing 30.000 Printing Mach ne 55.000 Cash 1 20,000 Printing Revenues 580.000 Depreciation Expense 19.500 Printing Supplies 25.000 Doubtful Accounts 5,000 Rent Expense 18,000 Expense Furniture and Fixture 10,000 Salaries Expense 260.000 Insurance Expense 12,000 Salaries Payable 10,000 Interest Expense 3.600 Supplies Expense 2.000 Interest Income 18,000 Utilities Expense 27.500 Interest Receivable 18,000 Totals P1.016.100 P1,018 100