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  • Bs 2018

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    Yohannes Assefa
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    This balance sheet shows the assets, liabilities, and capital of Kanet General Contractor as of July 7, 2018. The company has total current assets of $1,680,550.54 including cash, accounts receivable, and retained earnings. Total property and equipment is $533,131.03 after accounting for accumulated depreciation. Total assets are $2,213,681.57. Total current liabilities are $313,336.94 consisting mainly of accounts payable and advance income payables. Total capital including retained earnings and net income is $1,900,344.63.

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    bs2018

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    This balance sheet shows the assets, liabilities, and capital of Kanet General Contractor as of July 7, 2018. The company has total current assets of $1,680,550.54 including cash, accounts receivable, and retained earnings. Total property and equipment is $533,131.03 after accounting for accumulated depreciation. Total assets are $2,213,681.57. Total current liabilities are $313,336.94 consisting mainly of accounts payable and advance income payables. Total capital including retained earnings and net income is $1,900,344.63.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    Download as xlsx, pdf, or txt
    11 views2 pages

    Bs 2018

    Uploaded by

    Yohannes Assefa
    This balance sheet shows the assets, liabilities, and capital of Kanet General Contractor as of July 7, 2018. The company has total current assets of $1,680,550.54 including cash, accounts receivable, and retained earnings. Total property and equipment is $533,131.03 after accounting for accumulated depreciation. Total assets are $2,213,681.57. Total current liabilities are $313,336.94 consisting mainly of accounts payable and advance income payables. Total capital including retained earnings and net income is $1,900,344.63.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 2

    KANET GENERAL CONTRACTOR 2018

    Balance Sheet
    July 7, 2018

    ASSETS

    Current Assets
    Cash on Hand $ 1,667.18
    Checking Account 73,262.75
    Accounts Receivable 95,242.81
    VAT Return Account 231,199.66
    Purchaser Account 152,890.48
    Vat Recevable 934,318.81
    Withholding Receivables 59,620.46
    Retension Receivable 132,348.39

    Total Current Assets 1,680,550.54

    Property and Equipment


    Truck 1,280,000.00
    Pick-Up Car 280,000.00
    Mixer 69,391.31
    Water Pump-1 8,000.00
    Water Pump -2 10,434.78
    Vibrator 12,173.91
    Computer 4,173.91
    Accum. Depreciation - Truck (860,569.60)
    Accum. Depreciation - Pick Up (206,599.68)
    Accum. Depreciation - Mixer (47,110.80)
    Accum. Depreciation - W.Pump 1 (3,904.00)
    Accum. Depreciation - W.Pump 2 (5,092.17)
    Accum. Depreciation - Vibrater (5,940.42)
    Accum. Depreciation - Computer (1,826.21)

    Total Property and Equipment 533,131.03

    Other Assets

    Total Other Assets 0.00

    06/10/2022 at 10:00:38 Unaudited - For Management Purposes Only


    Total Assets $ 2,213,681.57

    LIABILITIES AND CAPITAL

    Current Liabilities
    Accounts Payable $ 55,000.00
    Advace Income Payables 244,344.45
    Deductions Payable 3,002.50
    Deduction Pyable-org 2,530.00
    Dedution payble. empl 1,610.00
    Withholding Tax Payable 6,849.99

    Total Current Liabilities 313,336.94

    Long-Term Liabilities

    Total Long-Term Liabilities 0.00

    Total Liabilities 313,336.94

    Capital
    Retained Earnings 1,570,248.47
    Net Income 330,096.16

    Total Capital 1,900,344.63

    Total Liabilities & Capital $ 2,213,681.57

    06/10/2022 at 10:00:38 Unaudited - For Management Purposes Only

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