Account IDAccount Description Active? Account Type1020 Mesa Bank Yes Cash
1100 Accounts Receivable Yes Accounts Receivable
1200 Inventory Yes Inventory
1400 Prepaid rent Yes Other Current Assets
1450 Supplies Yes Other Current Assets
1500 Computer Equipment Yes Fixed Assets
1510 Furniture and Fixtures Yes Fixed Assets
1520 Automobile Yes Fixed Assets
1900 Accum. Depreciation - Comp Eqt Yes Accumulated Depreciation
1910 Accum. Depreciation - Furn&Fix Yes Accumulated Depreciation
1920 Accum. Depreciation - Automobi Yes Accumulated Depreciation
2000 Accounts Payable Yes Accounts Payable
2380 Income Taxes Payable Yes Other Current Liabilities
2500 Notes Payable Yes Other Current Liabilities
3910 Retained Earnings Yes Equity-Retained Earnings
3920 Mari Albert, Capital Yes Equity-doesn't close
3930 Mari Albert, Draw Yes Equity-gets closed
4000 Accounting Fees Yes Income
4050 Sales of Materials Yes Income
4100 Interest Income Yes Income
4200 Finance Charge Income Yes Income
4900 Sales/Fees Discounts Yes Income
5000 Cost of Sales Yes Cost of Sales
5400 Cost of Sales-Salary & Wage Yes Cost of Sales
6000 Wages Expense - Adm Asst Yes Expenses
6050 Wages Expense - Acctg Tech Yes Expenses
6100 Payroll Tax Expense Yes Expenses
6150 Subscriptions Expense Yes Expenses
6200 Income Tax Expense Yes Expenses
6300 Rent or Lease Expense Yes Expenses
6350 Maintenance & Repairs Expense Yes Expenses
6400 Utilities Expense Yes Expenses
6450 Supplies Expense Yes Expenses
6500 Telephone Expense Yes Expenses
6550 DSL Internet Service Yes Expenses
6600 Advertising Expense Yes Expenses
6800 Freight Expense Yes Expenses
6850 Service Charge Expense Yes Expenses
6900 Purchase Disc-Expense Items Yes Expenses
6950 Insurance Expense Yes Expenses
7050 Deprec Exp - Comp Yes Expenses
7060 Deprec. Exp - Furn&Fix Yes Expenses
7070 Deprec. Exp - Automobile Yes Expenses
7400 Postage Expense Yes Expenses
Beginning GL Balance 28,500.00
Add: Cash Receipts 16,500.00
Less: Cash Disbursements (11,973.18)
Add (Less) Other (25.00)
Ending GL Balance 33,001.82
Ending Bank Balance 32,867.81
Add back deposits in transit
Dec 1, 2008 12/30/08 1,500.00
Total deposits in transit 1,500.00
(Less) outstanding checks
Dec 19, 2008 9009 (41.00)
Dec 19, 2008 9010 (545.00)
Dec 26, 2008 9015 (750.00)
Dec 30, 2008 9016 (29.99)
Total outstanding checks (1,365.99)
Add (Less) Other
Total other
Unreconciled difference 0.00
Ending GL Balance 33,001.82
Date Reference Type Payee/Paid By Memo Payment AmtOpening Balance
12/1/08 Accounting Fees Receipt Deposit 12/01/08
12/1/08 Accounting Fees Receipt Deposit 12/16/08
12/1/08 Accounting Fees Receipt Depostit 12/23/08
12/1/08 Accounting fees Receipt Deposit 12/26/08
12/1/08 Acct. Receivable Receipt Deposit 12/30/08
12/1/08 9001 Wrt. Chks. 2,700.00
12/1/08 9002 Wrt. Chks. 625.87
12/5/08 9003 Wrt. Chks. 1,250.00
12/5/08 9004 Wrt. Chks. 690.00
12/5/08 9005 Wrt. Chks. 105.65
12/12/08 9006 Wrt. Chks. 1,250.00
12/12/08 9007 Wrt. Chks. 690.00
12/17/08 9008 Wrt. Chks. 70.47
12/19/08 9009 Wrt. Chks. 41.00
12/19/08 9010 Wrt. Chks. 545.00
12/19/08 9011 Wrt. Chks. 1,250.00
12/19/08 9012 Wrt. Chks. 620.00
12/24/08 9013 Wrt. Chks. 105.20
12/26/08 9014 Wrt. Chks. 1,250.00
12/26/08 9015 Wrt. Chks. 750.00
12/30/08 9016 Wrt. Chks. 29.99
12/31/08 12/31/08 Gen. Jrnl. 25.00
Total 11,998.18
Receipt Amt Balance28,500.00 28,500.00
3,500.00 32,000.00
3,500.00 35,500.00
4,000.00 39,500.00
4,000.00 43,500.00
1,500.00 45,000.00
42,300.00
41,674.13
40,424.13
39,734.13
39,628.48
38,378.48
37,688.48
37,618.01
37,577.01
37,032.01
35,782.01
35,162.01
35,056.81
33,806.81
33,056.81
33,026.82
33,001.82
16,500.00
Account ID Account Description Debit Amt Credit Amt1020 Mesa Bank 33,001.82
1100 Accounts Receivable 13,900.00
1400 Prepaid rent 4,000.00
1450 Supplies 3,405.65
1500 Computer Equipment 13,225.87
1510 Furniture and Fixtures 15,000.00
1520 Automobile 21,500.00
2000 Accounts Payable 11,200.00
2500 Notes Payable 5,700.00
3920 Mari Albert, Capital 80,700.00
4000 Accounting Fees 15,000.00
6000 Wages Expense - Adm Asst 5,000.00
6050 Wages Expense - Acctg Tech 2,750.00
6150 Subscriptions Expense 545.00
6400 Utilities Expense 105.20
6500 Telephone Expense 70.47
6550 DSL Internet Service 29.99
6850 Service Charge Expense 25.00
7400 Postage Expense 41.00
Total: 112,600.00 112,600.00
Date Account ID Reference Trans Description Debit Amt Credit Amt12/31/08 6450 Supplies Expense 155.65
12/31/08 1450 Supplies 155.65
12/31/08 7050 Deprec. Exp -Comp Eqt 353.50
12/31/08 1900 Accum. Depreciation - Comp Eqt 353.50
12/31/08 7060 Deprec. Exp. - Furn&Fix 166.67
12/31/08 1910 Accum. Depreciation - Furn&Fix 166.67
12/31/08 7070 Deprec. Exp - Automobil 358.33
12/31/08 1920 Accum. Depreciation - Automobi 358.33
12/31/08 6300 Rent or Lease Expense 2,000.00
12/31/08 1400 Prepaid Rent 2,000.00
12/31/08 1020 12/31/08 Service Charge 25.00
12/31/08 6850 12/31/08 Service Charge 25.00
Total 3,059.15 3,059.15
Date Account ID Transaction Ref Line Description Debit Amnt Credit Amnt12/1/08 4000 Accounting Fees Accounting Fees 3,500.00
12/1/08 1020 Accounting Fees Deposit 3,500.00
12/1/08 4000 Accounting Fees Accounting fees 3,500.00
12/1/08 1020 Accounting Fees Deposit 3,500.00
12/1/08 4000 Accounting Fees Accounting Fees 4,000.00
12/1/08 1020 Accounting Fees Depostit 4,000.00
12/1/08 4000 Accounting fees Accounting Fees 4,000.00
12/1/08 1020 Accounting fees Deposit 4,000.00
12/1/08 1100 Acct. Receivable Payment on Account 1,500.00
12/1/08 1020 Acct. Receivable Deposit 1,500.00
16,500.00 16,500.00
Date Check # Account ID Line Description Debit Amount12/1/08 9001 2500 Notes Payable 2,700.00
12/1/08 9001 1020 Mesa Bank
12/1/08 9002 1500 Computer Equipment 625.87
12/1/08 9002 1020 Messa Office Equipment
12/5/08 9003 6000 Wages Expense - Adm Asst 1,250.00
12/5/08 9003 1020 Administrative Asst.
12/5/08 9004 6050 Wages Expense - Acctg Tech 690.00
12/5/08 9004 1020 Acctg. Technician
12/5/08 9005 1450 Supplies 105.65
12/5/08 9005 1020 Office Supplies, etc.
12/12/08 9006 6000 Wages Expense - Adm Asst 1,250.00
12/12/08 9006 1020 Administrative Asst.
12/12/08 9007 6050 Wages Expense - Acctg Tech 690.00
12/12/08 9007 1020 Acctg. Technician
12/17/08 9008 6500 Telephone Expense 70.47
12/17/08 9008 1020 Southwest Telephone
12/19/08 9009 7400 Postage Expense 41.00
12/19/08 9009 1020 U.S. Post Office
12/19/08 9010 6150 Subscriptions Expense 545.00
12/19/08 9010 1020 Journal of Accounting
12/19/08 9011 6000 Wages Expense - Adm Asst 1,250.00
12/19/08 9011 1020 Administrative Asst.
12/19/08 9012 6050 Wages Expense - Acctg Tech 620.00
12/19/08 9012 1020 Acctg. Technician
12/24/08 9013 6400 Utilities Expense 105.20
12/24/08 9013 1020 Maricopa Electric Co.
12/26/08 9014 6000 Wages Expense - Adm Asst 1,250.00
12/26/08 9014 1020 Administrative Asst.
12/26/08 9015 6050 Wages Expense - Acctg Tech 750.00
12/26/08 9015 1020 Acctg. Technician
12/30/08 9016 6550 DSL Internet Service 29.99
12/30/08 9016 1020 DSL Internet Service
Total 11,973.18
Credit Amount
2,700.00
625.87
1,250.00
690.00
105.65
1,250.00
690.00
70.47
41.00
545.00
1,250.00
620.00
105.20
1,250.00
750.00
29.99
11,973.18
Account ID Account Description Debit Amt Credit Amt1020 Mesa Bank 33,001.82
1100 Accounts Receivable 13,900.00
1400 Prepaid rent 2,000.00
1450 Supplies 3,250.00
1500 Computer Equipment 13,225.87
1510 Furniture and Fixtures 15,000.00
1520 Automobile 21,500.00
1900 Accum. Depreciation - Comp Eqt 353.50
1910 Accum. Depreciation - Furn&Fix 166.67
1920 Accum. Depreciation - Automobi 358.33
2000 Accounts Payable 11,200.00
2500 Notes Payable 5,700.00
3920 Mari Albert, Capital 80,700.00
4000 Accounting Fees 15,000.00
6000 Wages Expense - Adm Asst 5,000.00
6050 Wages Expense - Acctg Tech 2,750.00
6150 Subscriptions Expense 545.00
6300 Rent or Lease Expense 2,000.00
6400 Utilities Expense 105.20
6450 Supplies Expense 155.65
6500 Telephone Expense 70.47
6550 DSL Internet Service 29.99
6850 Service Charge Expense 25.00
7050 Deprec Exp - Comp 353.50
7060 Deprec. Exp - Furn&Fix 166.67
7070 Deprec. Exp - Automobile 358.33
7400 Postage Expense 41.00
Total: 113,478.50 113,478.50
Account ID Account Description Date Reference Jrnl1020 Mesa Bank 12/1/08
1020 Mesa Bank 12/1/08 Accounting Fees CRJ
1020 Mesa Bank 12/1/08 9001 CDJ
1020 Mesa Bank 12/1/08 9002 CDJ
1020 Mesa Bank 12/1/08 Accounting Fees CRJ
1020 Mesa Bank 12/1/08 Accounting Fees CRJ
1020 Mesa Bank 12/1/08 Accounting fees CRJ
1020 Mesa Bank 12/1/08 Acct. Receivable CRJ
1020 Mesa Bank 12/5/08 9003 CDJ
1020 Mesa Bank 12/5/08 9004 CDJ
1020 Mesa Bank 12/5/08 9005 CDJ
1020 Mesa Bank 12/12/08 9006 CDJ
1020 Mesa Bank 12/12/08 9007 CDJ
1020 Mesa Bank 12/17/08 9008 CDJ
1020 Mesa Bank 12/19/08 9009 CDJ
1020 Mesa Bank 12/19/08 9010 CDJ
1020 Mesa Bank 12/19/08 9011 CDJ
1020 Mesa Bank 12/19/08 9012 CDJ
1020 Mesa Bank 12/24/08 9013 CDJ
1020 Mesa Bank 12/26/08 9014 CDJ
1020 Mesa Bank 12/26/08 9015 CDJ
1020 Mesa Bank 12/30/08 9016 CDJ
1020 Mesa Bank 12/31/08 12/31/08 GENJ
1020 Mesa Bank
12/31/081100 Accounts Receivable 12/1/08
1100 Accounts Receivable 12/1/08 Acct. Receivable CRJ
1100 Accounts Receivable
12/31/081400 Prepaid rent 12/1/08
1400 Prepaid rent 12/31/08 GENJ
1400 Prepaid rent
12/31/081450 Supplies 12/1/08
1450 Supplies 12/5/08 9005 CDJ
1450 Supplies 12/31/08 GENJ
1450 Supplies
12/31/081500 Computer Equipment 12/1/08
1500 Computer Equipment 12/1/08 9002 CDJ
1500 Computer Equipment
12/31/081510 Furniture and Fixtures 12/1/08
12/31/081520 Automobile 12/1/08
12/31/081900 Accum. Depreciation - Comp Eqt 12/1/08
1900 Accum. Depreciation - Comp Eqt 12/31/08 GENJ
1900 Accum. Depreciation - Comp Eqt
12/31/081910 Accum. Depreciation - Furn&Fix 12/1/08
1910 Accum. Depreciation - Furn&Fix 12/31/08 GENJ
1910 Accum. Depreciation - Furn&Fix
12/31/081920 Accum. Depreciation - Automobi 12/1/08
1920 Accum. Depreciation - Automobi 12/31/08 GENJ
1920 Accum. Depreciation - Automobi
12/31/082000 Accounts Payable 12/1/08
12/31/082500 Notes Payable 12/1/08
2500 Notes Payable 12/1/08 9001 CDJ
2500 Notes Payable
12/31/083920 Mari Albert, Capital 12/1/08
12/31/084000 Accounting Fees 12/1/08
4000 Accounting Fees 12/1/08 Accounting Fees CRJ
4000 Accounting Fees 12/1/08 Accounting Fees CRJ
4000 Accounting Fees 12/1/08 Accounting Fees CRJ
4000 Accounting Fees 12/1/08 Accounting fees CRJ
4000 Accounting Fees
12/31/086000 Wages Expense - Adm Asst 12/1/08
6000 Wages Expense - Adm Asst 12/5/08 9003 CDJ
6000 Wages Expense - Adm Asst 12/12/08 9006 CDJ
6000 Wages Expense - Adm Asst 12/19/08 9011 CDJ
6000 Wages Expense - Adm Asst 12/26/08 9014 CDJ
6000 Wages Expense - Adm Asst
12/31/086050 Wages Expense - Acctg Tech 12/1/08
6050 Wages Expense - Acctg Tech 12/5/08 9004 CDJ
6050 Wages Expense - Acctg Tech 12/12/08 9007 CDJ
6050 Wages Expense - Acctg Tech 12/19/08 9012 CDJ
6050 Wages Expense - Acctg Tech 12/26/08 9015 CDJ
6050 Wages Expense - Acctg Tech
12/31/086150 Subscriptions Expense 12/1/08
6150 Subscriptions Expense 12/19/08 9010 CDJ
6150 Subscriptions Expense
12/31/086300 Rent or Lease Expense 12/1/08
6300 Rent or Lease Expense 12/31/08 GENJ
6300 Rent or Lease Expense
12/31/08
6400 Utilities Expense 12/1/08
6400 Utilities Expense 12/24/08 9013 CDJ
6400 Utilities Expense
12/31/086450 Supplies Expense 12/1/08
6450 Supplies Expense 12/31/08 GENJ
6450 Supplies Expense
12/31/086500 Telephone Expense 12/1/08
6500 Telephone Expense 12/17/08 9008 CDJ
6500 Telephone Expense
12/31/086550 DSL Internet Service 12/1/08
6550 DSL Internet Service 12/30/08 9016 CDJ
6550 DSL Internet Service
12/31/086850 Service Charge Expense 12/1/08
6850 Service Charge Expense 12/31/08 12/31/08 GENJ
6850 Service Charge Expense
12/31/087050 Deprec Exp - Comp 12/1/08
7050 Deprec Exp - Comp 12/31/08 GENJ
7050 Deprec Exp - Comp
12/31/087060 Deprec. Exp - Furn&Fix 12/1/08
7060 Deprec. Exp - Furn&Fix 12/31/08 GENJ
7060 Deprec. Exp - Furn&Fix
12/31/087070 Deprec. Exp - Automobile 12/1/08
7070 Deprec. Exp - Automobile 12/31/08 GENJ
7070 Deprec. Exp - Automobile
12/31/087400 Postage Expense 12/1/08
7400 Postage Expense 12/19/08 9009 CDJ
7400 Postage Expense
12/31/08
Trans Description Debit Amt Credit Amt BalanceBeginning Balance 28,500.00
Deposit 3,500.00
Mesa Bank 2,700.00
Messa Office Equipment 625.87
Deposit 3,500.00
Depostit 4,000.00
Deposit 4,000.00
Deposit 1,500.00
Administrative Asst. 1,250.00
Acctg. Technician 690.00
Office Supplies, etc. 105.65
Administrative Asst. 1,250.00
Acctg. Technician 690.00
Southwest Telephone 70.47
U.S. Post Office 41.00
Journal of Accounting 545.00
Administrative Asst. 1,250.00
Acctg. Technician 620.00
Maricopa Electric Co. 105.20
Administrative Asst. 1,250.00
Acctg. Technician 750.00
DSL Internet Service 29.99
Service Charge 25.00
Current Period Change 16,500.00 11,998.18 4,501.82
Ending Balance 33,001.82Beginning Balance 15,400.00
Deposit - Payment on Account 1,500.00
Current Period Change 1,500.00 -1,500.00
Ending Balance 13,900.00Beginning Balance 4,000.00
Prepaid Rent 2,000.00
Current Period Change 2,000.00 -2,000.00
Ending Balance 2,000.00Beginning Balance 3,300.00
Office Supplies, etc. - Supplies 105.65
Supplies 155.65
Current Period Change 105.65 155.65 -50.00
Ending Balance 3,250.00Beginning Balance 12,600.00
Messa Office Equipment - Computer Equipment 625.87
Current Period Change 625.87 625.87
Ending Balance 13,225.87Beginning Balance 15,000.00
Ending Balance 15,000.00Beginning Balance 21,500.00
Ending Balance 21,500.00Beginning Balance
Accum. Depreciation - Comp Eqt 353.50
Current Period Change 353.50 -353.50
Ending Balance -353.50Beginning Balance
Accum. Depreciation - Furn&Fix 166.67
Current Period Change 166.67 -166.67
Ending Balance -166.67Beginning Balance
Accum. Depreciation - Automobi 358.33
Current Period Change 358.33 -358.33
Ending Balance -358.33Beginning Balance -11,200.00
Ending Balance -11,200.00Beginning Balance -8,400.00
Mesa Bank - Notes Payable 2,700.00
Current Period Change 2,700.00 2,700.00
Ending Balance -5,700.00Beginning Balance -80,700.00
Ending Balance -80,700.00Beginning Balance
Deposit - Accounting Fees 3,500.00
Deposit - Accounting fees 3,500.00
Depostit - Accounting Fees 4,000.00
Deposit - Accounting Fees 4,000.00
Current Period Change 15,000.00 -15,000.00
Ending Balance -15,000.00Beginning Balance
Administrative Asst. - Wages Expense - Adm Asst 1,250.00
Administrative Asst. - Wages Expense - Adm Asst 1,250.00
Administrative Asst. - Wages Expense - Adm Asst 1,250.00
Administrative Asst. - Wages Expense - Adm Asst 1,250.00
Current Period Change 5,000.00 5,000.00
Ending Balance 5,000.00Beginning Balance
Acctg. Technician - Wages Expense - Acctg Tech 690.00
Acctg. Technician - Wages Expense - Acctg Tech 690.00
Acctg. Technician - Wages Expense - Acctg Tech 620.00
Acctg. Technician - Wages Expense - Acctg Tech 750.00
Current Period Change 2,750.00 2,750.00
Ending Balance 2,750.00Beginning Balance
Journal of Accounting - Subscriptions Expense 545.00
Current Period Change 545.00 545.00
Ending Balance 545.00Beginning Balance
Rent or Lease Expense 2,000.00
Current Period Change 2,000.00 2,000.00
Ending Balance 2,000.00
Beginning Balance
Maricopa Electric Co. - Utilities Expense 105.20
Current Period Change 105.20 105.20
Ending Balance 105.20Beginning Balance
Supplies Expense 155.65
Current Period Change 155.65 155.65
Ending Balance 155.65Beginning Balance
Southwest Telephone - Telephone Expense 70.47
Current Period Change 70.47 70.47
Ending Balance 70.47Beginning Balance
DSL Internet Service - DSL Internet Service 29.99
Current Period Change 29.99 29.99
Ending Balance 29.99Beginning Balance
Service Charge 25.00
Current Period Change 25.00 25.00
Ending Balance 25.00Beginning Balance
Deprec. Exp -Comp Eqt 353.50
Current Period Change 353.50 353.50
Ending Balance 353.50Beginning Balance
Deprec. Exp. - Furn&Fix 166.67
Current Period Change 166.67 166.67
Ending Balance 166.67Beginning Balance
Deprec. Exp - Automobil 358.33
Current Period Change 358.33 358.33
Ending Balance 358.33Beginning Balance
U.S. Post Office - Postage Expense 41.00
Current Period Change 41.00 41.00
Ending Balance 41.00
ASSETS
Current AssetsMesa Bank $ 33,001.82Accounts Receivable 13,900.00Prepaid rent 2,000.00Supplies 3,250.00
Total Current Assets 52,151.82
Property and EquipmentComputer Equipment 13,225.87Furniture and Fixtures 15,000.00Automobile 21,500.00Accum. Depreciation - Comp Eqt (353.50)Accum. Depreciation - Furn&Fix (166.67)Accum. Depreciation - Automobi (358.33)
Total Property and Equipment 48,847.37
Other Assets
Total Other Assets 0.00
Total Assets $ 100,999.19
LIABILITIES AND CAPITAL
Current LiabilitiesAccounts Payable $ 11,200.00Notes Payable 5,700.00
Total Current Liabilities 16,900.00
Long-Term Liabilities
Total Long-Term Liabilities 0.00
Total Liabilities 16,900.00
CapitalMari Albert, Capital 80,700.00Net Income 3,399.19
Total Capital 84,099.19
Total Liabilities & Capital $ 100,999.19
Current Month Year to DateRevenuesAccounting Fees $ 15,000.00 100.00 $ 15,000.00 100.00Sales of Materials 0.00 0.00 0.00 0.00Interest Income 0.00 0.00 0.00 0.00Finance Charge Income 0.00 0.00 0.00 0.00Sales/Fees Discounts 0.00 0.00 0.00 0.00
Total Revenues 15,000.00 100.00 15,000.00 100.00
Cost of SalesCost of Sales 0.00 0.00 0.00 0.00Cost of Sales-Salary & Wage 0.00 0.00 0.00 0.00
Total Cost of Sales 0.00 0.00 0.00 0.00
Gross Profit 15,000.00 100.00 15,000.00 100.00
ExpensesWages Expense - Adm Asst 5,000.00 33.33 5,000.00 33.33Wages Expense - Acctg Tech 2,750.00 18.33 2,750.00 18.33Payroll Tax Expense 0.00 0.00 0.00 0.00Subscriptions Expense 545.00 3.63 545.00 3.63Income Tax Expense 0.00 0.00 0.00 0.00Rent or Lease Expense 2,000.00 13.33 2,000.00 13.33Maintenance & Repairs Expense 0.00 0.00 0.00 0.00Utilities Expense 105.20 0.70 105.20 0.70Supplies Expense 155.65 1.04 155.65 1.04Telephone Expense 70.47 0.47 70.47 0.47DSL Internet Service 29.99 0.20 29.99 0.20Advertising Expense 0.00 0.00 0.00 0.00Freight Expense 0.00 0.00 0.00 0.00Service Charge Expense 25.00 0.17 25.00 0.17Purchase Disc-Expense Items 0.00 0.00 0.00 0.00Insurance Expense 0.00 0.00 0.00 0.00Deprec Exp - Comp 353.50 2.36 353.50 2.36Deprec. Exp - Furn&Fix 166.67 1.11 166.67 1.11Deprec. Exp - Automobile 358.33 2.39 358.33 2.39Postage Expense 41.00 0.27 41.00 0.27
Total Expenses 11,600.81 77.34 11,600.81 77.34
Net Income $ 3,399.19 22.66 $ 3,399.19 22.66
Beginning Retained Earnings $ 0.00Adjustments To Date 0.00Net Income 3,399.19
Subtotal 3,399.19
Mari Albert, Draw 0.00
Ending Retained Earnings $ 3,399.19
Current Month Year to Date
Cash Flows from operating activitiesNet Income $ 3,399.19 $ 3,399.19
3,399.19 3,399.19Adjustments to reconcile netincome to net cash providedby operating activitiesAccum. Depreciation - Comp Eqt 353.50 353.50Accum. Depreciation - Furn&Fix 166.67 166.67Accum. Depreciation - Automobi 358.33 358.33Accounts Receivable 1,500.00 (13,900.00)Inventory 0.00 0.00Prepaid rent 2,000.00 (2,000.00)Supplies 50.00 (3,250.00)Accounts Payable 0.00 11,200.00Income Taxes Payable 0.00 0.00Notes Payable (2,700.00) 5,700.00
Total Adjustments 1,728.50 (1,371.50)
Net Cash provided by Operations 5,127.69 2,027.69
Cash Flows from investing activitiesUsed ForComputer Equipment (625.87) (13,225.87)Furniture and Fixtures 0.00 (15,000.00)Automobile 0.00 (21,500.00)
Net cash used in investing (625.87) (49,725.87)
Cash Flows from financing activitiesProceeds FromMari Albert, Capital 0.00 80,700.00Mari Albert, Draw 0.00 0.00Used ForMari Albert, Capital 0.00 0.00Mari Albert, Draw 0.00 0.00
Net cash used in financing 0.00 80,700.00
Net increase <decrease> in cash $ 4,501.82 $ 33,001.82
SummaryCash Balance at End of Period $ 33,001.82 $ 33,001.82Cash Balance at Beg of Period (28,500.00) 0.00
Net Increase <Decrease> in Cash $ 4,501.82 $ 33,001.82
Current Month Year To DateSources of Working CapitalNet Income $ 3,399.19 $ 3,399.19Add back items not requiringworking capitalAccum. Depreciation - Comp Eqt 353.50 353.50Accum. Depreciation - Furn&Fix 166.67 166.67Accum. Depreciation - Automobi 358.33 358.33
Working capital from operations 4,277.69 4,277.69Other sourcesComputer Equipment 0.00 0.00Furniture and Fixtures 0.00 0.00Automobile 0.00 0.00Mari Albert, Capital 0.00 80,700.00
Total sources 4,277.69 84,977.69
Uses of working capitalComputer Equipment (625.87) (13,225.87)Furniture and Fixtures 0.00 (15,000.00)Automobile 0.00 (21,500.00)Mari Albert, Capital 0.00 0.00
Total uses (625.87) (49,725.87)
Net change $ 3,651.82 $ 35,251.82
Analysis of componants of changesIncrease <Decrease> in Current AssetsMesa Bank $ 4,501.82 $ 33,001.82Accounts Receivable (1,500.00) 13,900.00Inventory 0.00 0.00Prepaid rent (2,000.00) 2,000.00Supplies (50.00) 3,250.00<Increase> Decrease in Current LiabilitiesAccounts Payable 0.00 (11,200.00)Income Taxes Payable 0.00 0.00Notes Payable 2,700.00 (5,700.00)
Net change $ 3,651.82 $ 35,251.82
Account ID Account Description Debit Amt Credit Amt1020 Mesa Bank 33,001.82
1100 Accounts Receivable 13,900.00
1400 Prepaid rent 2,000.00
1450 Supplies 3,250.00
1500 Computer Equipment 13,225.87
1510 Furniture and Fixtures 15,000.00
1520 Automobile 21,500.00
1900 Accum. Depreciation - Comp Eqt 353.50
1910 Accum. Depreciation - Furn&Fix 166.67
1920 Accum. Depreciation - Automobi 358.33
2000 Accounts Payable 11,200.00
2500 Notes Payable 5,700.00
3910 Retained Earnings 3,399.19
3920 Mari Albert, Capital 80,700.00
Total: 101,877.69 101,877.69
1) From unadjusted trial balance $112,600.00
2) From adjusted trial balance: $113,478.50
$33,001.82
$166.67
$353.50
6) Total Revenues as of Dec. 31st $15,000.00
7) net income/loss as of Dec.31st $3,399.19
$3,250.00
$11,200.00
10) Total Capital as of Dec. 31st $84,099.19
Decrease
no
3) Ending GL Balance as per Acct. Reconciliation
4) Deprec. Exp as of Dec. 31st for Furniture and Fixtures
5) Deprec. Exp for Comp. Equip as of Dec. 31st ?
8)Supplies account balance as of Dec. 31st
9)Account payable balance as of Dec. 31st
11)Increase or Decrease in month of Dec.
12)Any Accts. Payable incurred during Dec.?