Hi-Fi Way (Anupam Phullel) 892 Forder Boulevard Canberra, ACT,

Hi-Fi Way (Anupam Phullel)
892 Forder Boulevard
Canberra, ACT, 2600
Australia
Trial Balance
January 2019
05-10-2019
3:24:08
Page 1
Account Debit Credit YTD Debit YTD Credit
Cheque Account ?9,959.00 ?85,821.00
Undeposited Funds ?0.00 ?0.00
Electronic Clearing Account ?0.00 ?0.00
Accounts Receivable ?47,665.00 ?81,875.00
Less Prov'n for Doubtful Debts ?1,538.00 ?2,222.00
Inventory ?16,020.00 ?80,170.00
Office Supplies ?672.00 ?983.00
Prepaid Rent ?5,833.00 ?5,833.00
Property & Equipment at cost ?2,500.00 ?44,500.00
Property & Equipment Accum ?317.00 ?20,267.00
Accounts Payable ?16,520.00 ?52,644.00
GST Collected ?8,000.00 ?17,936.00
GST Paid ?5,144.00 ?9,954.00
Salaries Payable ?0.00 ?0.00
PAYG Withholding Payable ?1,005.00 ?2,925.00
Interest Payable ?125.00 ?125.00
Short Term Loans ?15,000.00 ?15,000.00
Bank Loans ?0.00 ?42,000.00
Share Capital ?0.00 ?50,000.00
Retained Earnings ?0.00 ?81,931.00
Historical Balancing ?0.00 ?0.00
Sales Revenue ?80,000.00 ?278,712.00
Cost of Sales ?53,560.00 ?192,658.00
Depreciation Expense ?317.00 ?20,267.00
Office Supplies Expenses ?528.00 ?2,573.00
Salaries Expenses ?6,700.00 ?24,494.00
Rent Expense ?1,167.00 ?1,167.00
Telephone Expense ?2,000.00 ?5,936.00
Electricity Expense ?1,200.00 ?4,859.00
Bank Charges ?11.00 ?51.00
Bad Debts Expense ?1,538.00 ?2,470.00
Interest Income ?604.00 ?604.00
Interest Expense ?335.00 ?755.00
Total: ?139,129.00 ?139,129.00 ?564,366.00 ?564,366.00