Quality Imports Pty Ltd 445 Swanston street Melbourne 3000 Trial Balance February 2024 21/05/2024 Page 1 12:37:39 AM Account Debit Credit YTD Debit YTD Credit Stationery Supplies $0.00 $350.00 Cheque Account $0.00 $31,252.50 Trade Debtors $0.00 $18,430.00 Merchandise Inventory $0.00 $2,260.00 Prepaid Insurance $0.00 $900.00 Wages Payable $0.00 $1, 120.00 Office Equip at Cost $0.00 $3,000.00 Office Equip Accum Dep $0.00 $200.00 Warehouse Equip at Cost $0.00 $22,000.00 Warehouse Equip Accum Dep $0.00 $6,750.00 Trade Creditors $0.00 $15,730.00 Bank Loans $0.00 $17,000.00 Owner/Sharehidr Capital $0.00 $35,000.00 Retained Earnings $0.00 $1, 184.00 Historical Balancing $4,290.00 $841.50 Sales $31,990.00 $31,990.00 Purchases $19,490.00 $19,490.00 Rent $1,000.00 $1,000.00 Wages & Salaries $7,210.00 $7,210.00 Total: $31,990.00 $31,990.00 $ 107,854.00 $107,854.00Trial Balance as at 29th February 2024 Account Number Account name Debit Credit 1001 Cash at Bank 31,252.50 1010 Accounts Receivable 18,430.00 1020 Inventory 2,260.00 1030 Prepaid Rent 1,000.00 1035 Prepaid Insurance 900.00 1040 Stationery Supplies 350.00 1110 Computers 3,000.00 1111 Accumulated Depreciation - Office Computers 200.00 1120 Warehouse Equipment 22,000.00 1121 Accumulated Depreciation - Warehouse Equip. 6,750.00 2001 Accounts Payable 15,730.00 2010 Wages Payable 1,120.00 2025 Prepaid Revenue 2201 Loan - Best Bank 17,000.00 3001 Share Capital 35,000.00 3010 Retained Earnings 1,184.00 4001 Sales 31,990.00 4002 Sales returns and allowances 760.00 4010 Discount Received 120.00 5001 Cost of Goods Sold 19,490.00 5010 Discount Allowed 71.50 5100 Wages Expense 7,210.00 5110 Rent Expense 1,000.00 5120 Telecommunication Expense 500.00 5140 Insurance Expense 300.00 5160 Vehicle expense 125.00 5180 Stationery Expense 195.00 5200 Depreciation Expense 250.00 5300 Interest Expense 109,094.00 109,094.00