Hi-Fi Way 609 Evans Drive Melbourne,VIC,3000 Australia.

Hi-Fi Way
609 Evans Drive Melbourne,VIC,3000 Australia
Trial Balance
January 2019
7/9/2019
2:42:20 PM
Page 1
Account Debit Credit YTD Debit YTD Credit
Cheque Account $1,740.00 $83,624.00
Undeposited Funds $0.00 $0.00
Electronic Clearing Account $0.00 $0.00
accounts receivable $51,676.00 $87,426.00
Less Prov'n for Doubtful Debts $1,698.00 $2,413.00
Inventory $13,210.00 $88,500.00
office supplies $896.00 $1,229.00
Prepaid rent $5,000.00 $5,000.00
Property & Equipment at cost $4,000.00 $42,000.00
Property & Equipment Accum $279.00 $14,517.00
Accounts payable $10,961.00 $52,178.00
GST Collected $7,770.00 $13,561.00
GST Paid $5,286.00 $10,372.00
Salaries payable $0.00 $0.00
PAYG Withholding Payable $1,035.00 $3,015.00
Interest payable $113.00 $113.00
Short term loans $17,000.00 $17,000.00
Bank Loans $0.00 $40,000.00
Share capital $0.00 $50,000.00
Retained Earnings $0.00 $122,502.00
Historical Balancing $0.00 $0.00
Sales Revenue $77,700.00 $193,521.00
cost of sales $50,670.00 $131,745.00
Depreciation Expense $279.00 $14,517.00
office supplies expenses $704.00 $3,000.00
salaries expenses $6,900.00 $26,138.00
Rent $1,000.00 $1,000.00
Telephone $1,900.00 $5,471.00
Electricity $1,900.00 $5,533.00
bank charges $14.00 $46.00
bad debt expenses $1,698.00 $3,236.00
Interest Income $730.00 $730.00
Interest Expense $313.00 $713.00
Total: $132,236.00 $132,236.00 $509,550.00 $509,550.00