Hi-Fi Way (Akasha Umar) 990 ROSE BOULEVARD PERTH,WA,6000

Hi-Fi Way (Akasha Umar)
990 ROSE BOULEVARD PERTH,WA,6000 AUSTRALIA
Trial Balance
January 2019
8/10/2019
3:39:54 PM
Page 1
Account Debit Credit YTD Debit YTD Credit
Cheque Account $3,112.00 $90,658.00
Undeposited Funds $0.00 $0.00
Electronic Clearing Account $0.00 $0.00
ACCOUNTS RECEIVABLE $47,171.00 $86,199.00
Less Prov'n for Doubtful Debts $1,841.00 $2,622.00
Inventory $6,660.00 $93,140.00
OFFICE SUPPLIES $728.00 $1,052.00
PREPAID RENT $5,833.00 $5,833.00
PROPERTY & EQUIPMENT at $2,500.00 $56,500.00
PROPERTY & EQUIPMENT A $340.00 $14,972.00
ACCOUNTS PAYABLE $20,236.00 $56,503.00
GST Collected $7,850.00 $16,281.00
GST Paid $5,847.00 $10,837.00
SALARIES PAYABLE $0.00 $0.00
PAYG Withholding Payable $960.00 $2,820.00
INTEREST PAYABLE $87.00 $87.00
SHORT TERM LOANS $13,000.00 $13,000.00
Bank Loans $0.00 $46,000.00
SHARE CAPITAL $0.00 $55,000.00
Retained Earnings $0.00 $114,682.00
Historical Balancing $0.00 $0.00
SALES REVENUE $78,500.00 $247,119.00
COST OF SALES $50,930.00 $168,963.00
Depreciation Expense $340.00 $14,972.00
OFFICE SUPPLIES EXPENS $572.00 $2,608.00
SALARIES EXPENSES $6,400.00 $23,470.00
Rent $1,167.00 $1,167.00
Telephone $1,500.00 $4,939.00
Electricity $1,900.00 $5,886.00
BANK CAHRGES $10.00 $45.00
BAD DEBT EXPENSE $1,841.00 $2,734.00
Interest Income $694.00 $694.00
Interest Expense $317.00 $777.00
Total: $130,168.00 $130,168.00 $569,780.00 $569,780.00