Hi-Fi Way (Anupam Phullel) 892 Forder Boulevard Canberra, ACT,

Hi-Fi Way (Anupam Phullel)
892 Forder Boulevard
Canberra, ACT, 2600
Australia
Balance Sheet
As of January 2019
05-10-2019
3:23:13
Assets
Current Assets
Cash On Hand ?85,821.00
Accounts Receivable ?81,875.00
Less Prov'n for Doubtful Debts ?-2,222.00
Inventory ?80,170.00
Office Supplies ?983.00
Prepaid Rent ?5,833.00
Total Current Assets ?252,460.00
Fixed Assets
Property & Equipment ?24,233.00
Total Fixed Assets ?24,233.00
Total Assets ?276,693.00
Liabilities
Current Liabilities
Accounts Payable ?52,644.00
GST Liabilities ?7,982.00
Payroll Liabilities ?2,925.00
Interest Payable ?125.00
Short Term Loans ?15,000.00
Total Current Liabilities ?78,676.00
Long-Term Liabilities
Bank Loans ?42,000.00
Total Long-Term Liabilities ?42,000.00
Total Liabilities ?120,676.00
Net Assets ?156,017.00
Equity
Share Capital ?50,000.00
Retained Earnings ?81,931.00
Current Year Earnings ?24,086.00
Historical Balancing ?0.00
Total Equity ?156,017.00