Phil's Fitness - Dennison 470 Brisbane Street North Melbourne,

Phil's Fitness - Dennison
470 Brisbane Street
North Melbourne, 3051
Balance Sheet
As of February 2019
24-03-2019
22:09:26
1-0000 Assets
1-1000 Current Assets
1-1110 Cheque Account $9,370.03
1-1200 Accounts Receivable $35,310.00
1-1300 Inventory $2,820.00
1-1400 Prepaid Advertising $500.00
Total Current Assets $48,000.03
1-3000 Non-Current Assets
1-3100 Motor Vehicle
1-3110 Motor Vehicle at Cost $25,000.00
1-3120 Motor Vehicle Accum Dep ($6,000.00)
Total Motor Vehicle $19,000.00
1-3200 Office Equipment
1-3210 Office Equipment at Cost $14,600.00
1-3220 Office Equipment Accum Dep ($3,380.00)
Total Office Equipment $11,220.00
Total Non-Current Assets $30,220.00
Total Assets $78,220.03
2-0000 Liabilities
2-1000 Current Liabilities
2-1200 Accounts Payable $10,648.00
2-1300 GST Liabilities
2-1310 GST Collected $4,315.62
2-1330 GST Paid ($2,318.12)
Total GST Liabilities $1,997.50
Total Current Liabilities $12,645.50
2-2400 Payroll Liabilities
2-2410 Wages Payable $680.00
2-2420 PAYG Withholding Payable $690.00
Total Payroll Liabilities $1,370.00
2-3000 Accrued Energy Bill $176.00
2-4000 Long-Term Liabilities
2-4100 Bank Loans $17,600.00
Total Long-Term Liabilities $17,600.00
Total Liabilities $31,791.50
Net Assets $46,428.53
3-0000 Equity
3-1000 Owner's Equity
3-1100 Owner's Capital $40,131.00
3-1200 Owner's Drawings ($3,260.00)
Total Owner's Equity $36,871.00
3-9000 Current Year Earnings $9,557.53
Total Equity $46,428.53