Page 1
The Morris Family Trust
Trading As
Trial Balance as at 30 June 2014
2014
2014
$ Dr
$ Cr
Income
0510
Sales
75,973.17
0525
Assessable gov. industry paymt
946.00
0570
Insurance recoveries
6,991.44
0575
Interest received
34.42
0584
Other income
165,000.00
Expenses
1510
Accountancy
1,736.00
1515
Advertising and promotion
3,259.70
1545
Bank Fees And Charges
774.10
1550
Borrowing Expenses
553.20
1615
Depreciation – plant
2,421.00
1671
Consumables
2,301.50
1740
Hire/rent of Plant & Equipment
247.27
1760
Interest – Australia
328.10
1810
M/V commercial – Depreciation
770.00
1811
M/V commercial – Fuel & oil
1,677.16
1815
M/V commercial – Repairs
684.20
1818
M/V other – Fuel & oil
2,011.84
1821
M/V other – Rego/Insurance
24.00
1822
M/V other – Repairs
2,547.71
1835
Postage
63.59
1840
Printing & stationery
460.09
1845
Protective clothing
467.86
1920
Staff training
474.54
1921
Stump Grinding
254.55
1930
Sundry expenses
400.00
1935
Superannuation
3,024.87
1940
Telephone
1,449.17
1965
Wages
34,047.33
Current Assets
2000
Cash at bank
80,096.40
2003
iSaver 2
12,223.64
2050
Cash on hand
12,245.79
2140
Equity in Partnership
15,864.00
These financial statements are unaudited. They must be read in conjunction with the attached Accountant’s Compilation Report and Notes which form part of these financial statements.
Page 2
The Morris Family Trust
Trading As
Trial Balance as at 30 June 2014
2014
2014
$ Dr
$ Cr
Non Current Assets
2860
Plant & equipment – at cost
60,000.00
2869
Less: Accumulated depreciation
19,750.00
2876
Tools @ Cost
11,555.61
2880
Less: Accumulated depreciation
4,108.00
2890
Motor vehicles – at cost
39,205.00
2895
Less: Accumulated depreciation
19,026.00
Current Liabilities
3084
Visa
0.05
3102
Philip Morris
7,932.00
3103
Sarah Morris
7,932.00
3380
GST payable control account
641.67
3384
Input tax credit control account
0.43
Non Current Liabilities
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3626 Loan 3626 – Vermeer Wood Chipper 2,840.96
Equity
4000
Opening Balance – Benef’y
1,074.86
4053
Physical distribution
38,619.00
4210
Settlement Sum
10.00
4199
Undistributed Income
753.20
321,777.31
321,024.11
Net Profit
188,967.25
These financial statements are unaudited. They must be read in conjunction with the attached Accountant’s Compilation Report and Notes which form part of these financial statements.