Balance Sheet AAA Carpets and Rugs
Balance Sheet
AAA Carpets and Rugs
As at 31 December 2022
31 DEC 2022
Assets
Current Assets
Accounts Receivable 15,774.00
Cleaning Material 888.00
Interest Income Receivable 120.00
Inventory 24,150.00
Inventory Adjustment 260.00
Prepayments 4,800.00
Total Current Assets 45,992.00
Fixed Assets
Cash Register 1,400.00
Delivery Van 28,000.00
Less Accumulated Depreciation on Cash Register (11.67)
Less Accumulated Depreciation on Delivery Van (1,730.00)
Less Accumulated Depreciation on Shop Fittings (1,637.50)
Shop Fittings 4,500.00
Total Fixed Assets 30,520.83
Total Assets 76,512.83
Liabilities
Current Liabilities
Accounts Payable 10,665.80
Business Bank Account 3,675.35
GST 1,598.35
Wages Payable 500.00
Total Current Liabilities 16,439.50
Non-current Liabilities
Loan Eastern Bank 17,000.00
Total Non-current Liabilities 17,000.00
Total Liabilities 33,439.50
Net Assets 43,073.33
Equity
Adrien Ariel Capital 31,700.00
Adrien Ariel Drawings (2,000.00)
Current Year Earnings 13,373.33
Total Equity 43,073.33
