Intermaweb Computer (Mahesh Majhi) 819 Cuthbert Drive Hobart,

Intermaweb Computer (Mahesh Majhi)
819 Cuthbert Drive
Hobart, TAS, 7000
Australia
Balance Sheet
As of January 2019
5/30/2019
5:50:11 PM
Assets
Current Assets
Cash On Hand
Cheque Account $91,138.00
Total Cash On Hand $91,138.00
Accounts Receivable $108,239.00
Less Prov'n for Doubtful Debts ($2,955.00)
Inventory $92,090.00
Office Supplies $1,010.00
Prepaid Rent $5,833.00
Total Current Assets $295,355.00
Non Current Assets
Property & Equipment
Property & Equipment at Cost $39,500.00
Property & Equipment Accum Dep ($9,844.00)
Total Assets $325,011.00
Liabilities
Current Liabilities
Accounts Payable $54,342.00
GST Liabilities
GST Collected $19,331.00
GST Paid ($11,455.00)
Payroll Liabilities
PAYG Withholding Payable $2,940.00
Total Payroll Liabilities $2,940.00
Interest Payable $92.00
Short Term Loans $11,000.00
Total Current Liabilities $76,250.00
Long Term Liability
Bank Loans $48,000.00
Total Liabilities $124,250.00
Net Assets $200,761.00
Equity
Share Capital $60,000.00
Retained Earnings $107,454.00
Current Year Earnings $33,307.00
Total Equity $200,761.00