Financial Analysis: Intermaweb Computer Trial Balance - January 2019

This assignment presents the trial balance of Intermaweb Computer for January 2019, providing a detailed overview of the company's financial position at that point in time. The trial balance includes various accounts such as assets (cash, accounts receivable, inventory, property & equipment), liabilities (accounts payable, salaries payable, bank loans), equity (share capital, retained earnings), revenue (sales revenue, interest income) and expenses (cost of sales, depreciation, office supplies, salaries, rent, telephone, electricity, bank charges, bad debt, interest expense). The data includes both debit and credit entries with their respective year-to-date (YTD) values. This information can be used to understand the company's financial performance and position, including its assets, liabilities, equity, revenues, and expenses. Desklib provides similar past papers and solved assignments to help students with their studies.

Intermaweb Computer (Jitender pal Singh)
160 Windle Boulevard
Canberra, ACT, 2600
Australia
Trial Balance
January 2019
18-06-19
1:52:02 PM
Page 1
Account # Account Debit Credit YTD Debit YTD Credit
1-1110 Cheque Account $7,321.00 $90,350.00
1-1180 Undeposited Funds $0.00 $0.00
1-1190 Electronic Clearing Account $0.00 $0.00
1-1200 Accounts Receivable $28,004.00 $61,576.00
1-1210 Less Prov'n for Doubtful Debts $1,302.00 $1,973.00
1-1300 Inventory $8,380.00 $66,960.00
1-1400 Office Supplies $672.00 $1,107.00
1-1500 Prepaid rent $5,833.00 $5,833.00
1-3110 Property & equipment Cost $3,000.00 $49,000.00
1-3120 Property & Equipment Accum $303.00 $14,242.00
2-1200 Accounts payable $6,069.00 $46,571.00
2-1310 GST Collected $5,690.00 $14,241.00
2-1330 GST Paid $4,177.00 $7,944.00
2-1410 Salaries Payable $0.00 $0.00
2-1420 PAYG Withholding Payable $1,035.00 $2,955.00
2-1700 Interest Payable $150.00 $150.00
2-1800 Short Term Loans $18,000.00 $18,000.00
2-2100 Bank Loans $0.00 $41,000.00
3-1100 Share Capital $0.00 $45,000.00
3-8000 Retained Earnings $0.00 $81,396.00
3-9999 Historical Balancing $0.00 $0.00
4-1100 Sales Revenue $56,900.00 $227,913.00
5-1100 Cost of Sales $35,750.00 $155,459.00
6-1100 Depreciation Expense $303.00 $14,242.00
6-1800 Office Supplies Expenses $528.00 $2,900.00
6-1930 Salaries Expenses $6,900.00 $23,762.00
6-2100 Rent $1,167.00 $1,167.00
6-2200 Telephone $1,600.00 $5,437.00
6-2420 Electricity Expense $1,600.00 $5,055.00
6-2500 Bank Charges $9.00 $41.00
6-2600 Bad debt expense $1,302.00 $2,535.00
8-1000 Interest Income $692.00 $692.00
9-1000 Interest Expense $355.00 $765.00
Total: $98,521.00 $98,521.00 $494,133.00 $494,133.00