HI- FI WAY (KARAN KHADGI) 829 BAKER BOULVERD BRISBANE,QLD,4000,

HI- FI WAY (KARAN KHADGI)
829 BAKER BOULVERD BRISBANE,QLD,4000, AUSTRALIA
Trial Balance
January 2019
10/9/2019
3:17:40 PM
Page 1
Account Debit Credit YTD Debit YTD Credit
Cheque Account $2,249.00 $80,184.00
Undeposited Funds $0.00 $0.00
Electronic Clearing Account $0.00 $0.00
ACCOUNTS RECEIVABLE $39,499.00 $71,212.00
Less Prov'n for Doubtful Debts $1,492.00 $2,126.00
Inventory $9,780.00 $104,040.00
OFFICE SUPPLIES $952.00 $1,363.00
PREPAID RENT $5,833.00 $5,833.00
PROPERTY & EQUIPMENT at $4,000.00 $52,000.00
PROPERTY & EQUIPMEN Ac $330.00 $23,069.00
ACCOUNTS PAYABLE $11,567.00 $44,237.00
GST Collected $6,640.00 $16,169.00
GST Paid $4,932.00 $10,623.00
SALARIES PAYABLE $0.00 $0.00
PAYG Withholding Payable $975.00 $2,835.00
INTEREST PAYABLE $80.00 $80.00
SHORT TERM LOANS $12,000.00 $12,000.00
Bank Loans $0.00 $48,000.00
SHARE CAPITAL $0.00 $40,000.00
Retained Earnings $0.00 $119,017.00
Historical Balancing $0.00 $0.00
SALES REVENUE $66,400.00 $256,980.00
COST OF SALES $43,100.00 $176,506.00
Depreciation Expense $330.00 $23,069.00
OFFICE SUPPLIES EXPENS $748.00 $3,267.00
SALARIES EXPENSE $6,500.00 $23,235.00
Rent $1,167.00 $1,167.00
Telephone $1,900.00 $4,942.00
Electricity $1,400.00 $4,527.00
BANK CHRAGES $9.00 $43.00
BADDEBT EXPENSE $1,492.00 $2,371.00
Interest Income $669.00 $669.00
Interest Expense $320.00 $800.00
Total: $112,182.00 $112,182.00 $565,182.00 $565,182.00