ECO Balance Sheet as at 30 June ECO Balance Sheet as at 30 June Assets Current Assets Cheque Account Trade Debtors Total Current Assets $41,518.00 $27,500.00 $69,018.00 Fixed Assets Equipment at Cost $5,000.00 Equipment - Accumulated Depreciation -$2,000.00 Total Fixed Asssets $3,000.00 Total Assets $72,018.00 Liabilities Current Liabilities Trade Creditors GST Collected GST Paid $11,000.00 $2,500.00 -$1,500.00 Total GST Liabilities $1,000.00 Credit Card Total Current Liabilities $13,000.00 Total Liabilities $13,000.00 Net Assets $59,018.00 Equity Retained Earnings - Current $39,018.00 Owner's/Shareholder Capital $20,000.00 Total Equity $59,018.00