Balance Sheet Fizzy Soft Drink (FDS) As at 30 June 2019 30 JUN

Balance Sheet Fizzy Soft Drink (FDS)
Balance Sheet
Fizzy Soft Drink (FDS)
As at 30 June 2019 30 JUN 2019
Assets
Bank
Business Bank 161,023.50
Total Bank 161,023.50
Current Assets
Accounts Receivable 39,163.00
Office Supplies 5,225.00
Prepaid Public Liability Insurance 15,000.00
Prepayments 401.50
Stock on hand 121,806.55
Total Current Assets 181,596.05
Fixed Assets
Delivery Vehicle 137,590.00
Less Accumulated Depreciation on Delivery Vehicle (28,525.00)
Less Accumulated Depreciation on Office Equipment (11,935.00)
Less Accumulated Depreciation Shop Fittings (11,815.00)
Office Equipment 32,800.00
Shop Fittings 31,951.00
Total Fixed Assets 150,066.00
Total Assets 492,685.55
Liabilities
Current Liabilities
60-day 10% bill payable 2,787.00
Accounts Payable 32,203.00
GST 1,496.05
Wages Payable - Payroll 2,300.00
Total Current Liabilities 38,786.05
Non-current Liabilities
Bank Loan 165,800.00
Total Non-current Liabilities 165,800.00
Total Liabilities 204,586.05
Net Assets 288,099.50
Equity
Capital 181,200.00
Current Year Earnings 16,234.50
Retained Earnings 90,665.00
Total Equity 288,099.50