Hi-Fi Way Trial Balance for January 2019: Financial Analysis

The provided document is a trial balance for Hi-Fi Way, dated January 2019. It meticulously lists various accounts, including assets (like Accounts Receivable, Inventory, and Property & Equipment), liabilities (Accounts Payable, GST, Salaries Payable), equity (Share Capital, Retained Earnings), revenue (Sales Revenue), and expenses (Cost of Sales, Depreciation, Office Supplies Expense, Salaries Expense, etc.). Each account displays both debit and credit balances for the month and year-to-date (YTD) figures, offering a snapshot of the company's financial position and performance. The total debits and credits are balanced at $518,879.00, ensuring the accounting equation is upheld. This comprehensive financial overview is crucial for understanding Hi-Fi Way's financial health at the beginning of the year.