The Digital Village (Preet Kaur) 730 Jones Boulevard Hobart,

The Digital Village (Preet Kaur)
730 Jones Boulevard
Hobart, TAS, 7000
Australia
Balance Sheet
As of January 2019
31-05-2019
4:30:50
Assets
Current Assets
Cash On Hand ?74,492.00
Accounts Receivable ?84,592.00
Less Prov'n for Doubtful Debts ?-2,363.00
Inventory ?86,380.00
Office Supplies ?1,033.00
Prepaid Rent ?4,167.00
Total Current Assets ?248,301.00
Fixed Assets
Property & Equipment ?19,477.00
Total Fixed Assets ?19,477.00
Total Assets ?267,778.00
Liabilities
Current Liabilities
Accounts Payable ?48,993.00
GST Liabilities ?5,574.00
Payroll Liabilities ?3,015.00
Interest Payable ?95.00
Short Term Loan ?19,000.00
Total Current Liabilities ?76,677.00
Long-Term Liabilities
Bank Loans ?45,000.00
Total Long-Term Liabilities ?45,000.00
Total Liabilities ?121,677.00
Net Assets ?146,101.00
Equity
Share Capital ?55,000.00
Retained Earnings ?78,736.00
Current Year Earnings ?12,365.00
Historical Balancing ?0.00
Total Equity ?146,101.00