Hi-Fi Way (Roshan janardhan) 714 davies avenue hobart, TAS ,7000

Hi-Fi Way (Roshan janardhan)
714 davies avenue hobart, TAS ,7000 AUSTRALIA
Balance Sheet
As of January 2019
7/20/2019
6:05:39 PM
Assets
Current Assets
Cash On Hand $107,319.00
ACCOUNTS RECEIVABLE $76,783.00
Less Prov'n for Doubtful Debts ($2,200.00)
Inventory $91,080.00
OFFICE SUPPLIES $1,252.00
PREPAID RENT $4,167.00
Total Current Assets $278,401.00
NON CURRENT ASSETS
PROPERTY & EQUIPMENTS $32,682.00
Total NON CURRENT ASSETS $32,682.00
Total Assets $311,083.00
Liabilities
Current Liabilities
ACCOUNTS PAYABLE $45,061.00
GST Liabilities $8,158.00
Payroll Liabilities $2,850.00
INTEREST PAYABLE $170.00
SHORT TERM LOANS $17,000.00
Total Current Liabilities $73,239.00
Long-Term Liabilities
Bank Loans $42,000.00
Total Long-Term Liabilities $42,000.00
Total Liabilities $115,239.00
Net Assets $195,844.00
Equity
SHARE CAPITAL $55,000.00
Retained Earnings $112,105.00
Current Year Earnings $28,739.00
Historical Balancing $0.00
Total Equity $195,844.00