Hi-Fi Way (Shahbaz Munir) 181 Durrack Lane Melbourne, VIC, 3000

Hi-Fi Way (Shahbaz Munir)
181 Durrack Lane
Melbourne, VIC, 3000
Australia
Trial Balance
January 2019
4/28/2019
3:52:40 AM
Page 1
Account # Account Debit Credit YTD Debit YTD Credit
1-1110 Cheque Account $9,054.00 $81,888.00
1-1180 Undeposited Funds $0.00 $0.00
1-1190 Electronic Clearing Account $0.00 $0.00
1-1200 Accounts Receivable $37,773.00 $74,799.00
1-1210 Less Prov'n for Doubtful Debts $1,373.00 $2,114.00
1-1300 Inventory $12,070.00 $71,550.00
1-1400 Office Supplies $1,008.00 $1,461.00
1-1500 Prepaid Rent $4,167.00 $4,167.00
1-3110 Property & Equipment at Cost $3,000.00 $43,000.00
1-3120 Property & Equipment Accum $288.00 $18,976.00
2-1200 Accounts Payable $8,817.00 $41,674.00
2-1310 GST Collected $6,560.00 $16,073.00
2-1330 GST Paid $4,299.00 $8,480.00
2-1410 Salaries Payable $0.00 $0.00
2-1420 PAYG Withholding Payable $1,095.00 $3,195.00
2-1700 Interest Payable $95.00 $95.00
2-1800 Short-Term Loan $19,000.00 $19,000.00
2-2100 Bank Loans $0.00 $48,000.00
3-1100 Share Capital $0.00 $45,000.00
3-8000 Retained Earnings $0.00 $68,295.00
3-9999 Historical Balancing $0.00 $0.00
4-1100 Sales Revenue $65,600.00 $255,863.00
5-1100 Cost of Sales $41,860.00 $175,044.00
6-1100 Depreciation Expense $288.00 $18,976.00
6-1800 Office Supplies Expense $792.00 $3,199.00
6-1930 Salaries Expense $7,300.00 $22,510.00
6-2100 Rent Expense $833.00 $833.00
6-2200 Telephone Expense $1,800.00 $4,811.00
6-2420 Electricity Expense $1,600.00 $5,041.00
6-2500 Bank Charges $10.00 $50.00
6-2600 Bad Debts Expense $1,373.00 $2,255.00
8-1000 Interest Income $594.00 $594.00
9-1000 Interest Expense $335.00 $815.00
Total: $115,492.00 $115,492.00 $518,879.00 $518,879.00