Balance Sheet Assignment 2022

Balance Sheet ABCDE PTY LTD Piper Jiang
Balance Sheet
ABCDE PTY LTD Piper Jiang
As at 31 July 2019 31 JUL 2019
Assets
Current Assets
Accounts Receivable 22,049.00
Allowance for doubtful debt (540.00)
Cash at bank 10,514.00
Inventory 6,592.41
Office supplies 271.00
Prepayments 1,953.00
Total Current Assets 40,839.41
Fixed Assets
Computer 2,015.45
Less Accumulated Depreciation on Computer (31.89)
Less Accumulated Depreciation on Motor vehicle (2,357.98)
Less Accumulated Depreciation on Office furniture (2,030.27)
Motor vehicle 22,844.00
Office furniture 13,657.00
Total Fixed Assets 34,096.31
Total Assets 74,935.72
Liabilities
Current Liabilities
Accounts Payable 7,464.00
GST 723.09
Historical Adjustment (171.23)
Interest Payable 60.00
Total Current Liabilities 8,075.86
Non-current Liabilities
Loan 13,737.00
Total Non-current Liabilities 13,737.00
Total Liabilities 21,812.86
Net Assets 53,122.86
Equity
Current Year Earnings 1,115.86
Owner A Share Capital 37,010.00
Retained Earnings 14,997.00
Total Equity 53,122.86