Hi-Fi Way (Harman Guman) 833 Devitt Lane Perth, WA, 6000

https://moodle.federation.edu.au/mod/resource/view.php?id=3396428

Hi-Fi Way (Harman Guman)
833 Devitt Lane
Perth, WA, 6000
Australia
Balance Sheet
As of January 2019
30-05-2019
1:44:06
Assets
Current Assets
Cash On Hand ?85,578.00
Accounts Receivables ?52,001.00
Less Prov'n for Doubtful Debts ?-1,804.00
Inventory ?97,300.00
Office Supplies ?1,183.00
Prepaid Rent ?5,833.00
Total Current Assets ?240,091.00
Non-Current Assets
Property & Equipment ?28,959.00
Total Non-Current Assets ?28,959.00
Total Assets ?269,050.00
Liabilities
Current Liabilities
Accounts Payable ?54,890.00
GST Liabilities ?365.00
Payroll Liabilities ?2,820.00
Interest Payable ?180.00
Short term Loan ?18,000.00
Total Current Liabilities ?76,255.00
Long-Term Liabilities
Bank Loans ?40,000.00
Total Long-Term Liabilities ?40,000.00
Total Liabilities ?116,255.00
Net Assets ?152,795.00
Equity
Share Capital ?50,000.00
Retained Earnings ?108,159.00
Current Year Earnings ?-5,364.00
Historical Balancing ?0.00
Total Equity ?152,795.00