Assets Current assets Total current assets Non-current assets Less: Total non-current assets Total assets Liabilities Current liabilities Total current liabilities Non-current liabilities Total non-current liabilities Total liabilities Net assets Equity Add: Total equity $ Skate 'n' Surf Adjusted trial balance as at 30 June 20XX Account no. Account Debit Credit 100 Cash at bank 7,880 110 Accounts receivable 14,080 120 Inventory 40,110 130 Prepaid insurance 4,565 171 Shop equipment (cost) 32,100 172 Accumulated depreciation - shop equipment 401 200 Accounts payable 30,510 210 PAYG withholding payable 50 220 Superannuation payable 78 230 Bank loan 28,217 300 Capital 30,200 400 Sales revenue 26,900 410 Sales returns and allowances 1,120 420 Discount received 2,100 500 Cost of sales 14,400 600 Advertising expense 1,550 610 Depreciation expense 401 620 Discount allowed 290 640 Insurance expense 415 650 Interest expense 117 660 Postage and stationery expense 310 670 Superannuation expense 78 680 Telephone expense 170 690 Wages expense 870 $118,456 $118,456