The Digital Village (Preet Kaur) 730 Jones Boulevard Hobart,

https://moodle.federation.edu.au/mod/resource/view.php?id=3396428

The Digital Village (Preet Kaur)
730 Jones Boulevard
Hobart, TAS, 7000
Australia
Trial Balance
January 2019
31-05-2019
4:31:58
Page 1
Account Debit Credit YTD Debit YTD Credit
Cheque Account ?3,144.00 ?74,492.00
Undeposited Funds ?0.00 ?0.00
Electronic Clearing Account ?0.00 ?0.00
Accounts Receivable ?49,865.00 ?84,592.00
Less Prov'n for Doubtful Debts ?1,668.00 ?2,363.00
Inventory ?6,800.00 ?86,380.00
Office Supplies ?560.00 ?1,033.00
Prepaid Rent ?4,167.00 ?4,167.00
Property & Equipment at Cost ?3,500.00 ?41,500.00
Property & Equipment Accum ?310.00 ?22,023.00
Accounts Payable ?14,772.00 ?48,993.00
GST Collected ?7,940.00 ?15,925.00
GST Paid ?5,692.00 ?10,351.00
Salaries Payable ?0.00 ?0.00
PAYG Withholding Payable ?1,035.00 ?3,015.00
Interest Payable ?95.00 ?95.00
Short Term Loan ?19,000.00 ?19,000.00
Bank Loans ?0.00 ?45,000.00
Share Capital ?0.00 ?55,000.00
Retained Earnings ?0.00 ?78,736.00
Historical Balancing ?0.00 ?0.00
Sales Revenue ?79,400.00 ?239,105.00
Cost of Sales ?50,820.00 ?162,614.00
Depreciation Expense ?310.00 ?22,023.00
Office Supplies Expense ?440.00 ?3,266.00
Salaries Expense ?6,900.00 ?24,196.00
Rent ?833.00 ?833.00
Telephone Expense ?1,600.00 ?5,320.00
Electricity ?1,800.00 ?5,056.00
Bank Charges ?13.00 ?48.00
Bad Debt Expense ?1,668.00 ?3,226.00
Interest Income ?612.00 ?612.00
Interest Expense ?320.00 ?770.00
Total: ?131,632.00 ?131,632.00 ?529,867.00 ?529,867.00