3:39 AM. Milton Appliances 10346350 Patel. Balance Shee

Jul 31, 19
ASSETS
Current Assets
Chequing/Savings
ANZ Bank Account 55,721.00
Total Chequing/Savings 55,721.00
Accounts Receivable
Account Receivables 82,938.00
Total Accounts Receivable 82,938.00
Other Current Assets
Inventory Asset 35,775.00
Office Supplies 880.00
Prepayments
Prepaid Insurance 1,320.00
Prepaid Rent 7,500.00
Total Prepayments 8,820.00
Total Other Current Assets 45,475.00
Total Current Assets 184,134.00
Fixed Assets
Computer Equipment
Less accumulated amortisation -22,728.00
Computer Equipment - Other 25,720.00
Total Computer Equipment 2,992.00
Store Equipment
Less accumulated depreciation -19,968.00
Store Equipment - Other 29,080.00
Total Store Equipment 9,112.00
Total Fixed Assets 12,104.00
TOTAL ASSETS 196,238.00
LIABILITIES
Current Liabilities
Accounts Payable
Trade creditors 33,986.00
Total Accounts Payable 33,986.00
Other Current Liabilities
Payroll Liabilities
PAYG Tax Payable 2,060.00
Payroll Liabilities - Other 850.00
Total Payroll Liabilities 2,910.00
Tax Payable 5,750.00
Total Other Current Liabilities 8,660.00
Total Current Liabilities 42,646.00
TOTAL LIABILITIES 42,646.00
NET ASSETS 153,592.00
EQUITY
Capital Stock 144,070.00
Partners Accounts
Drawings -1,000.00
Total Partners Accounts -1,000.00
3:39 AM Milton Appliances 10346350 Patel
24/09/19 Balance Sheet
Accrual Basis As of July 31, 2019
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