ACCT605 Mastering Accounting: Mohua Australia Trial Balance 2018

This document presents a solved trial balance for Mohua Australia Pty Ltd as of April 30, 2018. The trial balance includes a comprehensive list of accounts, their respective codes, and debit/credit balances. The accounts range from sales revenue and direct costs (wool purchases, packaging, and stock) to various expenses such as advertising, bank fees, consulting, consumables, depreciation, donations, legal expenses, rent, software subscriptions, telephone/internet, and travel. Asset accounts include bank accounts, stock on hand, furniture and fittings, office equipment, computer equipment, and intangibles. Liability accounts encompass accounts payable, GST, and shareholder current account, while equity is represented by ordinary shares. The trial balance ensures that total debits equal total credits, demonstrating the fundamental accounting equation is in balance. Desklib provides this solution and many other resources like past papers and solved assignments to help students excel.

Trial Balance Mohua Australia Pty Ltd - AccountingPod
Trial Balance
Mohua Australia Pty Ltd - AccountingPod
As at 30 April 2018
ACCOUNT CODE ACCOUNT ACCOUNT TYPE DEBIT CREDIT 30 APR 2017
200 Sales Revenue 4,229.99 -
310 Payment Gateway and Sales
Fees Direct Costs 17.76 -
315 Wool Purchases Direct Costs 368.18 -
316 Packaging Direct Costs 261.36 -
320 Less Stock on Hand Direct Costs 367.38 -
400 Advertising & Marketing -
Online Expense 500.99 -
403 Low value assets Expense 556.99 -
404 Bank Fees Expense 61.45 -
412 Consulting & Accounting Expense 500.00 -
414 Consumables Expense 80.36 -
416 Depreciation Expense 70.06 -
418 Donations Expense 37.00 -
429 General Expenses Expense 255.92 -
441 Legal expenses Expense 784.09 -
469 Rent Expense 45.45 -
486 Software Subscriptions Expense 136.25 -
489 Telephone & Internet Expense 581.34 -
493 Travel - National Expense 414.55 -
600 My Daily Business Bank
Account Bank 7,943.00 -
605 My Credit Card Bank 1,374.53 -
621 Stock on Hand Current Asset 367.38 -
700 Furniture and Fittings Fixed Asset 911.14 -
701
Less Accumulated
Depreciation on Furniture
and Fittings
Fixed Asset 2.39 -
710 Office Equipment Fixed Asset 136.36 -
720 Computer Equipment Fixed Asset 636.36 -
721
Less Accumulated
Depreciation on Computer
Equipment
Fixed Asset 67.67 -
730 Intangibles Non-current Asset 2,613.64 -
800 Accounts Payable Current Liability 828.00 -
820 GST Current Liability 433.73 -
845 Shareholder Current
Account Current Liability 1,343.40 -
970 10,000 Ordinary Shares Equity 9,500.00 -
Total 17,713.36 17,713.36 -