Hi-Fi Way(arjdeep kaur) 367 AVERA STREET CANBERRA, ACT,2600

Hi-Fi Way(arjdeep kaur)
367 AVERA STREET CANBERRA, ACT,2600 AUSTRALIA
Trial Balance
January 2019
8/9/2019
5:54:17 PM
Page 1
Account Debit Credit YTD Debit YTD Credit
Cheque Account $17,598.00 $100,541.00
Undeposited Funds $0.00 $0.00
Electronic Clearing Account $0.00 $0.00
ACCOUNTS RECEIVABLE $87,200.00 $118,473.00
Less Prov'n for Doubtful Debts $2,266.00 $2,891.00
Inventory $38,450.00 $83,160.00
OFFICE SUPPLIES $840.00 $1,337.00
PREPAID RENT $5,000.00 $5,000.00
PROPERTY & EQUIPMENT at $4,000.00 $59,000.00
PROPERTY & EQUIPMENT A $390.00 $24,970.00
ACCOUNTS PAYABLE $16,487.00 $48,310.00
GST Collected $12,100.00 $20,194.00
GST Paid $5,200.00 $11,281.00
SALARIES PAYABLE $0.00 $0.00
PAYG Withholding Payable $1,065.00 $3,045.00
INTEREST PAYABLE $150.00 $150.00
SHORT TERM LOANS $18,000.00 $18,000.00
Bank Loans $0.00 $42,000.00
SHARE CAPITAL $0.00 $55,000.00
Retained Earnings $0.00 $135,444.00
Historical Balancing $0.00 $0.00
SALES REVENUE $121,000.00 $282,882.00
COST OF SALES $76,550.00 $189,867.00
Depreciation Expense $390.00 $24,970.00
OFFICE SUPPLIES EXPENS $660.00 $2,767.00
SALARIES EXPENSES $7,100.00 $22,557.00
Rent $1,000.00 $1,000.00
Telephone $1,100.00 $4,918.00
Electricity $1,300.00 $4,609.00
BANK CHARGES $12.00 $51.00
BAD DEBT EXPENSE $2,266.00 $3,243.00
Interest Income $668.00 $668.00
Interest Expense $360.00 $780.00
Total: $210,576.00 $210,576.00 $633,554.00 $633,554.00