Hi-Fi Way( anil kumar reddy madithati) 706 LAWRENCE DRIVE

I have subject called accounting system and processes, assignment details are myob software

Hi-Fi Way( anil kumar reddy madithati)
706 LAWRENCE DRIVE CANBERRA ACT 2600 AUSTRALIA
Balance Sheet
As of January 2019
7/17/2019
10:51:01 PM
Assets
Current Assets
Cash On Hand $83,185.00
ACCOUNTS RECEIVABLE $113,132.00
Less Prov'n for Doubtful Debts ($2,935.00)
Inventory $111,500.00
OFFICE SUPPLIES $1,092.00
PREPAID RENT $5,000.00
Total Current Assets $310,974.00
NON CURRENT ASSETS
PROPERTY & EQUIPMENT $36,531.00
Total NON CURRENT ASSETS $36,531.00
Total Assets $347,505.00
Liabilities
Current Liabilities
ACCOUNTS PAYABLE $59,472.00
GST Liabilities $3,756.00
Payroll Liabilities $2,730.00
INTEREST PAYABLE $110.00
SHORT TERM LOANS $11,000.00
Total Current Liabilities $77,068.00
Long-Term Liabilities
Bank Loans $40,000.00
Total Long-Term Liabilities $40,000.00
Total Liabilities $117,068.00
Net Assets $230,437.00
Equity
SHARE CAPITAL $50,000.00
Retained Earnings $166,230.00
Current Year Earnings $14,207.00
Historical Balancing $0.00
Total Equity $230,437.00