Less Accumulated Depreciation 12000 14000 Premises 500000 529000 TOTAL ASSETS

Less accumulated depreciation 12000 14000 premises

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Less Accumulated Depreciation (12000) 14000 Premises 500000 529000 TOTAL ASSETS $579130 CURRENT LIABILITIES Accounts Payable 2350 Tax payable 1530 Final Dividend Payable 5300 9180 NON CURRENT LIABILITIES Loan – Invest Bank TOTAL LIABILITIES 150000 159180 EQUITY Issued and paid up Capital 400000 Retained Earnings 19950 419950 TOTAL LIABILITIES & EQITY $579130 2
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Details of the inventory, accounts receivable and accounts payable are as follows: SCHEDULE OF INVENTORY ON HAND AS AT 30 APRIL 2016 COD E DESCRIPTION NUMBE R ON HAND COST PRICE $ VALUE $ SELLING PRICE $ I32 32gb Ipad 100 250 25000 500 IBL Leather carry bag for Ipad 50 10 500 20 ISC Plastic cover for Ipad – Smarties Style 300 2.00 600 4 $26100 SCHEDULE OF ACCOUNTS RECEIVABLE AS AT 30 APRIL 2016 DEBTOR ADDRESS AMOUNT Bargain Warehouse 25 Sunshine Rd, Sunshine 2260 Style ISTORE 120 Chadstone Rd, Chadstone 1550 Dandenong Sell Anything 39 Main St, Dandenong 210 We Got It Supermarkets 20 Preston Rd, Preston 4210 $8230 SCHEDULE OF ACCOUNTS PAYABLE AS AT 30 APRIL 2016 CREDITOR ADDRESS AMOUN T I Import Pty Ltd 200 Pitt Street, Port Melbourne 1000 Leather Supplies 230 South Road, Bentleigh 750 We Got U Covered 60 Clayton Rd, Clayton 600 $2350 3
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CHART OF ACCOUNTS The following accounts are already opened for your use in the data file for iPAD PARISH PTY LTD . ACCOUNT TYPE Enterprise Bank Bank Accounts Receivable Accounts Receivable Inventory Current Asset Loan to Shareholders Current Asset Delivery van – Original Cost Non Current Asset Delivery van – Accumulated Depreciation Non Current Asset – contra Office Equipment – Original Cost Non Current Asset Office Equipment – Accumulated Depreciation Non Current Asset - contra Premises Non Current Asset Accounts Payable Current Liability Tax Payable Current Liability Final Dividend Payable Current Liability Loan- Invest Bank Non Current Liability Issued and Paid Up Capital Equity Retained earnings Equity Sales Income Cost of Goods Sold COGS Bad Debts
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