Hi-Fi Way(arjdeep kaur) 367 AVERA STREET CANBERRA, ACT,2600

Hi-Fi Way(arjdeep kaur)
367 AVERA STREET CANBERRA, ACT,2600 AUSTRALIA
Balance Sheet
As of January 2019
8/9/2019
5:53:00 PM
Assets
Current Assets
Cash On Hand $100,541.00
ACCOUNTS RECEIVABLE $118,473.00
Less Prov'n for Doubtful Debts ($2,891.00)
Inventory $83,160.00
OFFICE SUPPLIES $1,337.00
PREPAID RENT $5,000.00
Total Current Assets $305,620.00
NON CURRENT ASSETS
PROPERTY & EQUIPMENT $34,030.00
Total NON CURRENT ASSETS $34,030.00
Total Assets $339,650.00
Liabilities
Current Liabilities
ACCOUNTS PAYABLE $48,310.00
GST Liabilities $8,913.00
Payroll Liabilities $3,045.00
INTEREST PAYABLE $150.00
SHORT TERM LOANS $18,000.00
Total Current Liabilities $78,418.00
Long-Term Liabilities
Bank Loans $42,000.00
Total Long-Term Liabilities $42,000.00
Total Liabilities $120,418.00
Net Assets $219,232.00
Equity
SHARE CAPITAL $55,000.00
Retained Earnings $135,444.00
Current Year Earnings $28,788.00
Historical Balancing $0.00
Total Equity $219,232.00