Accounting PrinciplesAccounting Principles

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Basics of Ledger AccountingBasics of Ledger Accounting

DebitsDebitsCreditsCreditsAssetsAssetsLiabilitiesLiabilitiesTrial BalanceTrial Balance

Trial Balance ReportTrial Balance Report TRIAL BALANCE FOR: ABC COMPANY PAGE 1TRIAL BALANCE FOR: ABC COMPANY PAGE 1

REPORT AS OF: 12/31/04 RUN DATE: 17 APR 2006REPORT AS OF: 12/31/04 RUN DATE: 17 APR 2006 ACCOUNT DESCRIPTION DEBITS CREDITSACCOUNT DESCRIPTION DEBITS CREDITS

7.100.10 CASH - OPERATING 1,077,388.18- 7.100.10 CASH - OPERATING 1,077,388.18-

CASH ACCOUNTS 1,077,388.18- *CASH ACCOUNTS 1,077,388.18- *

7.110.10 ACCOUNTS RECEIVABLE JIB 512,771.45 7.110.10 ACCOUNTS RECEIVABLE JIB 512,771.45 NET DUE CLIENT - CURRENT 512,771.45 *NET DUE CLIENT - CURRENT 512,771.45 *

7.300.10 ADVANCE 1,000.00- 7.300.10 ADVANCE 1,000.00- 7.300.30 YEAREND BAL DUE CLIENT 18,588.06 7.300.30 YEAREND BAL DUE CLIENT 18,588.06 CLIENT FUNDS 17,588.06 *CLIENT FUNDS 17,588.06 *

7.850.10 AD VALOREM TAXES 32,989.50 7.850.10 AD VALOREM TAXES 32,989.50 7.850.20 LEASE OPERATING EXPENSE 498,923.89 7.850.20 LEASE OPERATING EXPENSE 498,923.89 7.850.30 EQUIPMENT 15,115.28 7.850.30 EQUIPMENT 15,115.28 LE ASE OPERATING EXP 547,028.67 *LE ASE OPERATING EXP 547,028.67 * COMPANY TOTAL 0.00 COMPANY TOTAL 0.00

Chart of AccountsChart of AccountsACCT ID Description Class Norm Bal

7.1 CASH ACCOUNTS 1.1 D

7.100.10 CASH - OPERATING 1.1 D

7.11 NET DUE CLIENT - CURRENT 1.1 D

7.110.00 ACCOUNTS RECEIVABLE CLEARING 1.1 D

7.110.01 W.I. INCOME 4.1 C

7.110.02 R.I. INCOME 4.1 C

7.110.03 INTEREST INCOME 4.1 C

7.110.15 TOTAL OPERATING COSTS 5.2 D

7.16 MISCELLANEOUS CLEARING 1.1 D

7.160.10 GENERAL CLEARING 1.1 D

7.2 ACCOUNTS PAYABLE 2.1 C

7.200.10 ACCOUNTS PAYABLE TRADE 2.1 C

7.200.90 ACCOUNTS PAYABLE VOID CHECKS 2.1 C

7.3 CLIENT FUNDS 3.1 C

7.300.10 ADVANCE 3.1 C

7.300.20 RETAINED EARNINGS 3.1 C

7.85 LEASE OPERATING EXPENSE GROSS 1.9 D

7.850.10 AD VALOREM TAXES 1.9 D

7.850.20 LEASE OPERATING EXPENSE 1.9 D

7.850.30 EQUIPMENT 1.9 D

Personal AccountingPersonal Accounting

DebitsDebitsCreditsCreditsAssetsAssetsLiabilitiesLiabilities