Wind Up Trust

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.

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