III. The following are the balances of the ledger accounts as of December 31, 2019 of Sure Call Service Center which services Jollibee, McDonald, Shakeys and Maxs delivery orders:

Accounts Receivable	P 133,700		Cash On hand and In Bank	P 44,200
Accounts Payable	45,000		Interest Payable	91,000
Communication Equipment	1,150,000		Tools	56,700
Ortiz, Capital-Jan 1, 2019	284,650		Interest Expense	25,550
Tools Expense	2,300		Rent Expense	120,000
Notes Payable due 2020	5,000		Depreciation Expense
Service Income	1,250,200		Communication Equipment	172,000
Depreciation Expense-			Bad Debts Expense	1,500
Office Equipment	36,000		Taxes & Licenses Expense	15,000
Supplies Expense	600		Salaries Expense	120,000
6% Loan Payable Due 2022	511,000		Furniture & Fixtures	14,000
Insurance Expense	800		Repair & Maintenance Expense	7,000
Utilities Expense	4,000		Accumulated Depn- Office Equipment		72,000
Marketable Securities	10,000		Accum. Depreciation-Furn & Fixtures			9,200
Depreciation- Furn. & Fixtures Office Equipment		5,400 340,000	Allowance for Bad Debts Accumulated Depreciation-	4,200
Ortiz, Personal	47,500		Communication and Equipment	216,000

FINAL ANSWERS IN THE LAST PAGE SUPPORT WITH SCHEDULES for:

1. Current Assets b) N)on-Current Assets c) Current Liabilities d) Non-Current Liabilities

5. Owners Equity using the Accounting Equation Total Assets = Total Liabilities + Owners Equity