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2011 TRIAL BALANCE & WORK PAPERS
Company Name, Inc.
Cash Basis
July 24, 2012
Prepared by: Jordan Merritt
PROFESSIONAL BOOKKEEPING FOR SMALL BUSINESSES
www.merrittbookkeeping.com | office: (818) 514-5234 | [email protected]
Cash Basis
Account Debit Credit Detail Backup
Checking - B of A (6932) 17,630.57
Savings - B of A (8019) 53,487.89
Due from Shareholder 61,100.00
Computer Equipment 2,000.00
Equipment 33,989.00
Equipment:Accumulated Depreciation 30,085.00
Furniture 1,200.00
Dell Computer Loan 1,700.00
Small Business Loan 53,312.85
Retained Earnings 44,713.00
Service Income 111,536.21
Automobile Expense:Lease Payments 11,000.00
Dues and Subscriptions 1,100.00
Fees:Bank Service Charges 12.00
Interest Expense 3,045.54
Legal Fees 9,292.40
Meals and Entertainment 6,500.00
Professional Services:Accounting 6,830.34
Professional Services:Assistant 1,019.84
Professional Services:Consulting 30,000.00
Rent Expense 1,600.00
Taxes:State 800.00
Telephone Expense 900.00
Interest Income 160.52
Total 241,507.58 241,507.58
Company Name, Inc.
Trial BalanceAs of December 31, 2011
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Rec. - Page 3 / Stmt. - Page 4
Rec. - Page 5 / Stmt. - Page 6
2010 Schedule L - Page 7
Amortization Sched. - Page 9
Amortization Sched. - Page 8
Stmt. - Page 6
2010 Schedule L - Page 7
2010 Schedule L - Page 7
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Dec 31, 11
Beginning Balance 34,540.70Cleared Transactions
Checks and Payments - 9 items -23,106.78Deposits and Credits - 2 items 8,696.65
Total Cleared Transactions -14,410.13
Cleared Balance 20,130.57
Uncleared TransactionsChecks and Payments - 1 item -2,500.00
Total Uncleared Transactions -2,500.00
Register Balance as of 12/31/2011 17,630.57
Ending Balance 17,630.57
Company Name, Inc.Reconciliation Summary
Checking - B of A (6932), Period Ending 12/31/2011
Page 1
Page 3
H
For addit ional informat ion or service, you may call: Or you may wr ite to:1.888.BUSINESS (1.888.287.4637) Bank of Amer ica, N .A.
P.O. Box 25118Tampa, FL 33622-5118
Account NumberStatement Per iod 12/01/11 thNumber of Deposit s/Credit s 9Number of Withdrawals/Debit s 8Number of Deposited Items 0
Number of Days in Cycle 31
Statement Beginning Balance $11,137.01Amount of Deposit s/Credit s $18,843.76Amount of Withdrawals/Debit s $9,850.20Statement Ending Balance $20,130.57
Average Ledger Balance $18,994.15Service Charge $0.00
Customer Service Informationwww.bankofamerica.com
Deposit Accounts
Business Economy Checking
Our Online Banking service a llows you to check ba lances, t r ack account act ivity and more.
Enroll a t www.bankofamer ica .com/smallbusiness.
Bank of Amer ica , N.A.P .O. Box 25118Tampa , FL 33622-5118
Page 1 of 3Sta tement Per iod12/01/11 through 12/31/11E0 E PB EB 62
Account Number 6932
Your Account at a Glance
With Online Banking you can also view up to 18 m onths of th is statem ent on line .
Remember, by using your Bank of America Small Business Check Card, Bank of America provides you with another way to avoidthe monthly maintenance fee on your business checking account.
0167347
31487 E01 SCM999 0
Page 4
Dec 31, 11
Beginning Balance 53,481.92Cleared Transactions
Deposits and Credits - 1 item 5.97
Total Cleared Transactions 5.97
Cleared Balance 53,487.89
Register Balance as of 12/31/2011 53,487.89Ending Balance 53,487.89
Company Name, Inc.Reconciliation Summary
Savings - B of A (8019), Period Ending 12/31/2011
Page 1
Page 5
H
For addit ional informat ion or service, you may call: Or you may wr ite to:1.888.BUSINESS (1.888.287.4637) Bank of Amer ica, N .A.
P.O. Box 25118Tampa, FL 33622-5118
Account NumberStatement Per iod 12/01/11 thNumber of Deposit s/Credit s 3Number of Withdrawals/Debit s 2
Number of Days in Cycle 31
Statement Beginning Balance $53,481.92Amount of Deposit s/Credit s $262,738.87Amount of Withdrawals/Debit s $262,732.90Statement Ending Balance $53,487.89
Average Collected Balance $78,907.87Average Ledger Balance $78,907.87Service Charge $0.00
Amount of Interest Paid $5.97Annual Percentage Yield Earned
This Statement Per iod 0.09%
Interest Paid Year -to-Date $160.52Withholding Year -to-Date $0.00
Customer Service Informationwww.bankofamerica.com
Deposit Accounts
Business Interest Maximizer
Our Online Banking service a llows you to check ba lances, t r ack account act ivity and more.Enroll a t www.bankofamer ica .com.
Bank of Amer ica , N.A.P .O. Box 25118Tampa , FL 33622-5118
Page 1 of 3Sta tement Per iod12/01/11 through 12/31/11E0 E PA EA 23Enclosures 0
8019
Your Account at a Glance
Interes t Inform at ion
0468007
03487 E01 SCM999 0
Page 6
Form 1120S (2010) Page 4
Assets (a) (b) (c) (d)
1 Cash. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2a Trade notes and accounts receivable. . . . . . . .
b Less allowance for bad debts. . . . . . . . . . . . . . .
3 Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4 U.S. government obligations. . . . . . . . . . . . . . . .
5 Tax-exempt securities (see instructions). . . . .
6 Other current assets (attach stmt). . . . . . . . . . . . . . . . . .
7 Loans to shareholders. . . . . . . . . . . . . . . . . . . . . .
8 Mortgage and real estate loans . . . . . . . . . . . . .
9 Other investments (attach statement) . . . . . . . . . . . . . . .
10a Buildings and other depreciable assets. . . . . .
b Less accumulated depreciation . . . . . . . . . . . . .
11a Depletable assets. . . . . . . . . . . . . . . . . . . . . . . . . .
b Less accumulated depletion . . . . . . . . . . . . . . . .
12 Land (net of any amortization). . . . . . . . . . . . . .
13a Intangible assets (amortizable only). . . . . . . . .
b Less accumulated amortization . . . . . . . . . . . . .
14 Other assets (attach stmt). . . . . . . . . . . . . . . . . .
15 Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Liabilities and Shareholders' Equity
16 Accounts payable. . . . . . . . . . . . . . . . . . . . . . . . . .
17 Mortgages, notes, bonds payable in less than 1 year . . . .
18 Other current liabilities (attach stmt). . . . . . . . . . . . . . . .
19 Loans from shareholders . . . . . . . . . . . . . . . . . . .
20 Mortgages, notes, bonds payable in 1 year or more . . . . .
21 Other liabilities (attach statement). . . . . . . . . . . . . . . . . .
22 Capital stock. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
23 Additional paid-in capital . . . . . . . . . . . . . . . . . . .
24 Retained earnings. . . . . . . . . . . . . . . . . . . . . . . . . .
25 Adjustments to shareholders' equity (att stmt). . . . . . . . .
26 Less cost of treasury stock . . . . . . . . . . . . . . . . .
27 Total liabilities and shareholders' equity . . . . .
Schedule M-1 Reconciliation of Income (Loss) per Books With Income (Loss) per ReturnNote: Schedule M-3 required instead of Schedule M-1 if total assets are $10 million or more ' see instructions
1 Net income (loss) per books. . . . . . . . . . . . . . . .
2 Income included on Schedule K, lines 1, 2, 3c, 4, 5a, 6, 7,8a, 9, and 10, not recorded on books this year (itemize):
3 Expenses recorded on books this year notincluded on Schedule K, lines 1 through 12,and 14l (itemize):
a Depreciation. . . . . . . . $b Travel and entertainment . $
4 Add lines 1 through 3 . . . . . . . . . . . . . . . . . . . . . .
5 Income recorded on books this year not includedon Schedule K, lines 1 through 10 (itemize):
a Tax-exempt interest. $
6 Deductions included on Schedule K, lines 1 through12, and 14l, not charged against book income thisyear (itemize):
a Depreciation. . . . $
7 Add lines 5 and 6. . . . . . . . . . . . . . . . . . . . . . .
8 Income (loss) (Schedule K, ln 18). Ln 4 less ln 7 . . .
Schedule M-2 Analysis of Accumulated Adjustments Account, Other Adjustments Account, andShareholders' Undistributed Taxable Income Previously Taxed (see instructions)
(a) Accumulatedadjustments account
(b) Otheradjustments account
(c) Shareholders' undis-tributed taxable income
previously taxed
1 Balance at beginning of tax year. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2 Ordinary income from page 1, line 21 . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3 Other additions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4 Loss from page 1, line 21. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5 Other reductions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6 Combine lines 1 through 5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7 Distributions other than dividend distributions. . . . . . . . . . . . . . . . . . . . . .
8 Balance at end of tax year. Subtract line 7 from line 6. . . . . . . . . . . . . .
SPSA0134L 07/22/10 Form 1120S (2010)
Schedule L Balance Sheets per Books Beginning of tax year End of tax year
THE TREE HOUSE SCHOOL, INC. 27-1230984
834. 33,534.
1,275.
33,989.30,085. 3,904.
6,000. 6,000.6,834. 44,713.
15,000.
-8,166. 44,713.
6,834. 44,713.
52,879.
3,570.3,570. 0.
56,449. 56,449.
0.82,312.
6.
( 29,439.)52,879.
52,879.
SEE ST 4
SEE ST 5
SEE STATEMENT 6
SEE STATEMENT 7
Page 7
Due to Dell Computers
Loan Summary
Loan Amount: $2,000.00
Interest Rate: 5.00%
Amortization Period: 5 yrs
Interest Only Period: 12 mths
Origination Date: Sep-2011
Maturity Date: Sep-2012
Loan Balance Today: $1,000.00
Loan Balance at Maturity: $900.00
Loan Constant: 22.65%
Date Beginning Balance Interest Payment Principle Payment Ending Balance
Jul-2010 $0.00 $0.00 $0.00 $0.00
Aug-2010 $0.00 $0.00 $0.00 $0.00
Sep-2010 $0.00 $0.00 $0.00 $0.00
Oct-2010 $0.00 $0.00 $0.00 $0.00
Nov-2010 $0.00 $0.00 $0.00 $0.00
Dec-2010 $0.00 $0.00 $0.00 $0.00
Jan-2011 $0.00 $0.00 $0.00 $0.00
Feb-2011 $0.00 $0.00 $0.00 $0.00
Mar-2011 $0.00 $0.00 $0.00 $0.00
Apr-2011 $0.00 $0.00 $0.00 $0.00
May-2011 $0.00 $0.00 $0.00 $0.00
Jun-2011 $0.00 $0.00 $0.00 $0.00
Jul-2011 $0.00 $0.00 $0.00 $0.00
Aug-2011 $0.00 $0.00 $0.00 $0.00
Sep-2011 $0.00 $0.00 $0.00 $0.00
Oct-2011 $2,000.00 $0.00 $100.00 $1,900.00
Nov-2011 $1,900.00 $0.00 $100.00 $1,800.00
Dec-2011 $1,800.00 $0.00 $100.00 $1,700.00
Jan-2012 $1,700.00 $0.00 $100.00 $1,600.00
Feb-2012 $1,600.00 $0.00 $100.00 $1,500.00
Mar-2012 $1,500.00 $0.00 $100.00 $1,400.00
Apr-2012 $1,400.00 $0.00 $100.00 $1,300.00
May-2012 $1,300.00 $0.00 $100.00 $1,200.00
Jun-2012 $1,200.00 $0.00 $100.00 $1,100.00
Loan Summary & Amortization ScheduleAs of December 31, 2011
Cu
rrent Tax Year
Page 8
Due to Small Business Loan
Loan Summary
Loan Amount: $60,000.00
Interest Rate: 8.00%
Amortization Period: 5 yrs
Interest Only Period: 0 mths
Origination Date: May-2011
Maturity Date: May-2014
Loan Balance Today: $47,162.79
Loan Balance at Maturity: $26,899.33
Loan Constant: 24.33%
Date Beginning Balance Interest Payment Principle Payment Ending Balance
Jul-2010 $0.00 $0.00 $0.00 $0.00
Aug-2010 $0.00 $0.00 $0.00 $0.00
Sep-2010 $0.00 $0.00 $0.00 $0.00
Oct-2010 $0.00 $0.00 $0.00 $0.00
Nov-2010 $0.00 $0.00 $0.00 $0.00
Dec-2010 $0.00 $0.00 $0.00 $0.00
Jan-2011 $0.00 $0.00 $0.00 $0.00
Feb-2011 $0.00 $0.00 $0.00 $0.00
Mar-2011 $0.00 $0.00 $0.00 $0.00
Apr-2011 $0.00 $0.00 $0.00 $0.00
May-2011 $60,000.00 $400.00 $816.58 $59,183.42
Jun-2011 $59,183.42 $394.56 $822.03 $58,361.39
Jul-2011 $58,361.39 $389.08 $827.51 $57,533.88
Aug-2011 $57,533.88 $383.56 $833.02 $56,700.86
Sep-2011 $56,700.86 $378.01 $838.58 $55,862.28
Oct-2011 $55,862.28 $372.42 $844.17 $55,018.11
Nov-2011 $55,018.11 $366.79 $849.80 $54,168.31
Dec-2011 $54,168.31 $361.12 $855.46 $53,312.85
Jan-2012 $53,312.85 $355.42 $861.16 $52,451.69
Feb-2012 $52,451.69 $349.68 $866.91 $51,584.78
Mar-2012 $51,584.78 $343.90 $872.69 $50,712.10
Apr-2012 $50,712.10 $338.08 $878.50 $49,833.59
May-2012 $49,833.59 $332.22 $884.36 $48,949.23
Jun-2012 $48,949.23 $326.33 $890.26 $48,058.98
Loan Summary & Amortization ScheduleAs of December 31, 2011
Cu
rrent Tax Year
Page 9
Type Date Memo Split Debit Credit Balance
Checking - B of A (6932) 33,534.00Deposit 1/4/2011 Deposit Service Income 30,000.00 63,534.00Transfer 1/5/2011 Funds Transfer Savings - B of A (8019) 59,975.12 3,558.88Deposit 1/31/2011 Deposit Service Income 6,000.00 9,558.88Deposit 2/28/2011 Service Income 1,709.89 11,268.77Deposit 2/28/2011 Deposit Service Income 6,000.00 17,268.77Check 3/1/2011 Due from Shareholder 5,000.00 12,268.77Deposit 3/1/2011 Loan Payback Due From John Smith 1,275.00 13,543.77Check 3/2/2011 Legal Fees 2,651.40 10,892.37Check 3/2/2011 Telephone Expense 100.00 10,792.37Check 3/7/2011 Lease Payments 1,100.00 9,692.37Check 3/14/2011 Legal Fees 1,653.00 8,039.37Deposit 3/28/2011 Service Income 1,709.89 9,749.26Deposit 3/31/2011 Deposit Service Income 6,000.00 15,749.26Check 4/1/2011 Due from Shareholder 5,000.00 10,749.26Deposit 4/1/2011 Returned Security Deposit Security Deposit 6,000.00 16,749.26Check 4/4/2011 2011 Franchise Tax Payment State 800.00 15,949.26Check 4/4/2011 Telephone Expense 100.00 15,849.26Check 4/7/2011 Lease Payments 1,100.00 14,749.26Check 4/18/2011 Legal Fees 1,262.50 13,486.76Check 4/29/2011 Due from Shareholder 5,000.00 8,486.76Deposit 4/30/2011 Deposit Service Income 6,000.00 14,486.76Deposit 5/1/2011 5 years, 8% interest Small Business Loan 60,000.00 74,486.76Check 5/5/2011 Telephone Expense 100.00 74,386.76Check 5/6/2011 Lease Payments 1,100.00 73,286.76Check 5/13/2011 Meals and Entertainment 6,500.00 66,786.76Check 5/20/2011 Legal Fees 1,262.50 65,524.26Check 5/27/2011 Annual membership dues Dues and Subscriptions 1,000.00 64,524.26Check 5/31/2011 -SPLIT- 1,216.58 63,307.68Deposit 5/31/2011 Deposit Service Income 6,000.00 69,307.68Check 5/31/2011 Consulting 10,000.00 59,307.68Check 6/1/2011 Due from Shareholder 5,000.00 54,307.68Check 6/2/2011 Telephone Expense 100.00 54,207.68Transfer 6/6/2011 Funds Transfer Savings - B of A (8019) 6,647.75 60,855.43Check 6/7/2011 Lease Payments 1,100.00 59,755.43Check 6/7/2011 Week of 5/30/11 Assistant 77.77 59,677.66Check 6/9/2011 Wire transfer fee Bank Service Charges 12.00 59,665.66Check 6/14/2011 Week of 6/6/11 Assistant 134.00 59,531.66Check 6/23/2011 Week of 6/13/11 Assistant 135.30 59,396.36Check 6/27/2011 Week of 6/20/11 Assistant 222.63 59,173.73Check 6/27/2011 Office Desk Furniture 1,200.00 57,973.73Check 6/30/2011 -SPLIT- 1,216.59 56,757.14Deposit 6/30/2011 Deposit Service Income 6,000.00 62,757.14Check 7/1/2011 Due from Shareholder 5,000.00 57,757.14Check 7/7/2011 Lease Payments 1,100.00 56,657.14Check 7/12/2011 Tax Preparation Accounting 936.59 55,720.55Check 7/13/2011 Week of 7/4/11 Assistant 114.36 55,606.19Check 7/15/2011 Bookkeeping Accounting 1,125.00 54,481.19Check 7/30/2011 -SPLIT- 1,216.59 53,264.60Deposit 7/30/2011 Deposit Service Income 6,000.00 59,264.60Check 7/31/2011 Consulting 10,000.00 49,264.60Check 8/1/2011 Due from Shareholder 1,000.00 48,264.60Check 8/5/2011 Lease Payments 1,100.00 47,164.60Check 8/5/2011 Week of 7/24/11 Assistant 109.26 47,055.34Check 8/8/2011 Telephone Expense 100.00 46,955.34Check 8/25/2011 Due from Shareholder 4,000.00 42,955.34Check 8/26/2011 Bookkeeping Accounting 975.00 41,980.34Check 8/31/2011 Week of 8/1/11 Assistant 60.24 41,920.10Check 8/31/2011 -SPLIT- 1,216.58 40,703.52Deposit 8/31/2011 Deposit Service Income 6,000.00 46,703.52Check 9/1/2011 Due from Shareholder 1,000.00 45,703.52Check 9/2/2011 Due from Shareholder 4,000.00 41,703.52Check 9/2/2011 Office rent Rent Expense 400.00 41,303.52Check 9/6/2011 Telephone Expense 100.00 41,203.52Check 9/7/2011 Lease Payments 1,100.00 40,103.52Check 9/12/2011 Week of 9/2/11 Assistant 76.08 40,027.44Deposit 9/28/2011 Service Income 1,709.89 41,737.33Check 9/30/2011 Due from Shareholder 1,000.00 40,737.33Check 9/30/2011 -SPLIT- 1,216.59 39,520.74Deposit 9/30/2011 Deposit Service Income 6,000.00 45,520.74Check 9/30/2011 Consulting 10,000.00 35,520.74Check 10/3/2011 Due from Shareholder 4,000.00 31,520.74Check 10/3/2011 Telephone Expense 100.00 31,420.74Check 10/5/2011 Office Rent Rent Expense 400.00 31,020.74Check 10/7/2011 Lease Payments 1,100.00 29,920.74Check 10/25/2011 Dell Computer Loan 100.00 29,820.74Check 10/31/2011 -SPLIT- 1,216.59 28,604.15Deposit 10/31/2011 Deposit Service Income 6,000.00 34,604.15
Company Name, Inc.General Ledger
Cash Basis As of December 31, 2011
Page 1
Page 10
Type Date Memo Split Debit Credit Balance
Check 11/1/2011 Due from Shareholder 1,000.00 33,604.15Check 11/4/2011 Bookkeeping Accounting 1,293.75 32,310.40Check 11/4/2011 Office Rent Rent Expense 400.00 31,910.40Check 11/7/2011 For Lavelle and Finn LLP Legal Fees 2,463.00 29,447.40Check 11/7/2011 Lease Payments 1,100.00 28,347.40Check 11/7/2011 Telephone Expense 100.00 28,247.40Check 11/15/2011 Annual fees due for business license Dues and Subscriptions 100.00 28,147.40Check 11/23/2011 Dell Computer Loan 100.00 28,047.40Deposit 11/28/2011 Service Income 1,709.89 29,757.29Check 11/30/2011 -SPLIT- 1,216.59 28,540.70Deposit 11/30/2011 Deposit Service Income 6,000.00 34,540.70Check 12/1/2011 Due from Shareholder 13,100.00 21,440.70Check 12/5/2011 Due from Shareholder 6,000.00 15,440.70Check 12/5/2011 Office Rent Rent Expense 400.00 15,040.70Check 12/6/2011 Telephone Expense 100.00 14,940.70Check 12/7/2011 Lease Payments 1,100.00 13,840.70Check 12/13/2011 Week of 12/3/11 Assistant 90.20 13,750.50Check 12/22/2011 Dell Computer Loan 100.00 13,650.50Deposit 12/28/2011 Service Income 2,696.65 16,347.15Check 12/30/2011 Due from Shareholder 1,000.00 15,347.15Check 12/30/2011 Tax Preparation Accounting 2,500.00 12,847.15Check 12/31/2011 -SPLIT- 1,216.58 11,630.57Deposit 12/31/2011 Deposit Service Income 6,000.00 17,630.57
Total Checking - B of A (6932) 185,458.96 201,362.39 17,630.57
Savings - B of A (8019) 0.00Transfer 1/5/2011 Funds Transfer Checking - B of A (6932) 59,975.12 59,975.12Deposit 1/31/2011 Deposit Interest Income 11.01 59,986.13Deposit 2/28/2011 Deposit Interest Income 13.56 59,999.69Deposit 3/31/2011 Deposit Interest Income 10.56 60,010.25Deposit 4/30/2011 Deposit Interest Income 12.11 60,022.36Deposit 5/30/2011 Deposit Interest Income 19.56 60,041.92Transfer 6/6/2011 Funds Transfer Checking - B of A (6932) 6,647.75 53,394.17Deposit 6/30/2011 Deposit Interest Income 15.40 53,409.57Deposit 7/30/2011 Deposit Interest Income 15.55 53,425.12Deposit 8/30/2011 Deposit Interest Income 13.62 53,438.74Deposit 9/30/2011 Deposit Interest Income 20.24 53,458.98Deposit 10/30/2011 Deposit Interest Income 17.62 53,476.60Deposit 11/30/2011 Deposit Interest Income 5.32 53,481.92Deposit 12/31/2011 Deposit Interest Income 5.97 53,487.89
Total Savings - B of A (8019) 60,135.64 6,647.75 53,487.89
Due From John Smith 1,275.00Deposit 3/1/2011 Loan Payback Checking - B of A (6932) 1,275.00 0.00
Total Due From John Smith 0.00 1,275.00 0.00
Due from Shareholder 0.00Check 3/1/2011 Checking - B of A (6932) 5,000.00 5,000.00Check 4/1/2011 Checking - B of A (6932) 5,000.00 10,000.00Check 4/29/2011 Checking - B of A (6932) 5,000.00 15,000.00Check 6/1/2011 Checking - B of A (6932) 5,000.00 20,000.00Check 7/1/2011 Checking - B of A (6932) 5,000.00 25,000.00Check 8/1/2011 Checking - B of A (6932) 1,000.00 26,000.00Check 8/25/2011 Checking - B of A (6932) 4,000.00 30,000.00Check 9/1/2011 Checking - B of A (6932) 1,000.00 31,000.00Check 9/2/2011 Checking - B of A (6932) 4,000.00 35,000.00Check 9/30/2011 Checking - B of A (6932) 1,000.00 36,000.00Check 10/3/2011 Checking - B of A (6932) 4,000.00 40,000.00Check 11/1/2011 Checking - B of A (6932) 1,000.00 41,000.00Check 12/1/2011 Checking - B of A (6932) 13,100.00 54,100.00Check 12/5/2011 Checking - B of A (6932) 6,000.00 60,100.00Check 12/30/2011 Checking - B of A (6932) 1,000.00 61,100.00
Total Due from Shareholder 61,100.00 0.00 61,100.00
Computer Equipment 0.00General Journal 9/3/2011 Computer purchase (interest only loan for 1 year) Dell Computer Loan 2,000.00 2,000.00
Total Computer Equipment 2,000.00 0.00 2,000.00
Equipment 3,904.00Accumulated Depreciation -30,085.00
Total Accumulated Depreciation -30,085.00
Equipment - Other 33,989.00
Total Equipment - Other 33,989.00
Total Equipment 3,904.00
Furniture 0.00
Company Name, Inc.General Ledger
Cash Basis As of December 31, 2011
Page 2
Page 11
Type Date Memo Split Debit Credit Balance
Check 6/27/2011 Office Desk Checking - B of A (6932) 1,200.00 1,200.00
Total Furniture 1,200.00 0.00 1,200.00
Security Deposit 6,000.00Deposit 4/1/2011 Returned Security Deposit Checking - B of A (6932) 6,000.00 0.00
Total Security Deposit 0.00 6,000.00 0.00
Dell Computer Loan 0.00General Journal 9/3/2011 Computer purchase (interest only loan for 1 year) Computer Equipment 2,000.00 -2,000.00Check 10/25/2011 Checking - B of A (6932) 100.00 -1,900.00Check 11/23/2011 Checking - B of A (6932) 100.00 -1,800.00Check 12/22/2011 Checking - B of A (6932) 100.00 -1,700.00
Total Dell Computer Loan 300.00 2,000.00 -1,700.00
Small Business Loan 0.00Deposit 5/1/2011 5 years, 8% interest Checking - B of A (6932) 60,000.00 -60,000.00Check 5/31/2011 Principal Checking - B of A (6932) 816.58 -59,183.42Check 6/30/2011 Principal Checking - B of A (6932) 822.03 -58,361.39Check 7/30/2011 Principal Checking - B of A (6932) 827.51 -57,533.88Check 8/31/2011 Principal Checking - B of A (6932) 833.02 -56,700.86Check 9/30/2011 Principal Checking - B of A (6932) 838.58 -55,862.28Check 10/31/2011 Principal Checking - B of A (6932) 844.17 -55,018.11Check 11/30/2011 Principal Checking - B of A (6932) 849.80 -54,168.31Check 12/31/2011 Principal Checking - B of A (6932) 855.46 -53,312.85
Total Small Business Loan 6,687.15 60,000.00 -53,312.85
Retained Earnings -44,713.00
Total Retained Earnings -44,713.00
Service Income 0.00Deposit 1/4/2011 Deposit Checking - B of A (6932) 30,000.00 -30,000.00Deposit 1/31/2011 Deposit Checking - B of A (6932) 6,000.00 -36,000.00Deposit 2/28/2011 Checking - B of A (6932) 1,709.89 -37,709.89Deposit 2/28/2011 Deposit Checking - B of A (6932) 6,000.00 -43,709.89Deposit 3/28/2011 Checking - B of A (6932) 1,709.89 -45,419.78Deposit 3/31/2011 Deposit Checking - B of A (6932) 6,000.00 -51,419.78Deposit 4/30/2011 Deposit Checking - B of A (6932) 6,000.00 -57,419.78Deposit 5/31/2011 Deposit Checking - B of A (6932) 6,000.00 -63,419.78Deposit 6/30/2011 Deposit Checking - B of A (6932) 6,000.00 -69,419.78Deposit 7/30/2011 Deposit Checking - B of A (6932) 6,000.00 -75,419.78Deposit 8/31/2011 Deposit Checking - B of A (6932) 6,000.00 -81,419.78Deposit 9/28/2011 Checking - B of A (6932) 1,709.89 -83,129.67Deposit 9/30/2011 Deposit Checking - B of A (6932) 6,000.00 -89,129.67Deposit 10/31/2011 Deposit Checking - B of A (6932) 6,000.00 -95,129.67Deposit 11/28/2011 Checking - B of A (6932) 1,709.89 -96,839.56Deposit 11/30/2011 Deposit Checking - B of A (6932) 6,000.00 -102,839.56Deposit 12/28/2011 Checking - B of A (6932) 2,696.65 -105,536.21Deposit 12/31/2011 Deposit Checking - B of A (6932) 6,000.00 -111,536.21
Total Service Income 0.00 111,536.21 -111,536.21
Automobile Expense 0.00Lease Payments 0.00Check 3/7/2011 Business use amount Checking - B of A (6932) 1,100.00 1,100.00Check 4/7/2011 Business use amount Checking - B of A (6932) 1,100.00 2,200.00Check 5/6/2011 Business use amount Checking - B of A (6932) 1,100.00 3,300.00Check 6/7/2011 Business use amount Checking - B of A (6932) 1,100.00 4,400.00Check 7/7/2011 Business use amount Checking - B of A (6932) 1,100.00 5,500.00Check 8/5/2011 Business use amount Checking - B of A (6932) 1,100.00 6,600.00Check 9/7/2011 Business use amount Checking - B of A (6932) 1,100.00 7,700.00Check 10/7/2011 Business use amount Checking - B of A (6932) 1,100.00 8,800.00Check 11/7/2011 Business use amount Checking - B of A (6932) 1,100.00 9,900.00Check 12/7/2011 Business use amount Checking - B of A (6932) 1,100.00 11,000.00
Total Lease Payments 11,000.00 0.00 11,000.00
Total Automobile Expense 11,000.00 0.00 11,000.00
Dues and Subscriptions 0.00Check 5/27/2011 Annual membership dues Checking - B of A (6932) 1,000.00 1,000.00Check 11/15/2011 Annual fees due for business license Checking - B of A (6932) 100.00 1,100.00
Total Dues and Subscriptions 1,100.00 0.00 1,100.00
Fees 0.00Bank Service Charges 0.00Check 6/9/2011 Wire transfer fee Checking - B of A (6932) 12.00 12.00
Total Bank Service Charges 12.00 0.00 12.00
Total Fees 12.00 0.00 12.00
Company Name, Inc.General Ledger
Cash Basis As of December 31, 2011
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Type Date Memo Split Debit Credit Balance
Interest Expense 0.00Check 5/31/2011 Interest Checking - B of A (6932) 400.00 400.00Check 6/30/2011 Interest Checking - B of A (6932) 394.56 794.56Check 7/30/2011 Interest Checking - B of A (6932) 389.08 1,183.64Check 8/31/2011 Interest Checking - B of A (6932) 383.56 1,567.20Check 9/30/2011 Interest Checking - B of A (6932) 378.01 1,945.21Check 10/31/2011 Interest Checking - B of A (6932) 372.42 2,317.63Check 11/30/2011 Interest Checking - B of A (6932) 366.79 2,684.42Check 12/31/2011 Interest Checking - B of A (6932) 361.12 3,045.54
Total Interest Expense 3,045.54 0.00 3,045.54
Legal Fees 0.00Check 3/2/2011 Checking - B of A (6932) 2,651.40 2,651.40Check 3/14/2011 Checking - B of A (6932) 1,653.00 4,304.40Check 4/18/2011 Checking - B of A (6932) 1,262.50 5,566.90Check 5/20/2011 Checking - B of A (6932) 1,262.50 6,829.40Check 11/7/2011 For Lavelle and Finn LLP Checking - B of A (6932) 2,463.00 9,292.40
Total Legal Fees 9,292.40 0.00 9,292.40
Meals and Entertainment 0.00Check 5/13/2011 Lakers Tickets Checking - B of A (6932) 6,500.00 6,500.00
Total Meals and Entertainment 6,500.00 0.00 6,500.00
Professional Services 0.00Accounting 0.00Check 7/12/2011 Tax Preparation Checking - B of A (6932) 936.59 936.59Check 7/15/2011 Bookkeeping Checking - B of A (6932) 1,125.00 2,061.59Check 8/26/2011 Bookkeeping Checking - B of A (6932) 975.00 3,036.59Check 11/4/2011 Bookkeeping Checking - B of A (6932) 1,293.75 4,330.34Check 12/30/2011 Tax Preparation Checking - B of A (6932) 2,500.00 6,830.34
Total Accounting 6,830.34 0.00 6,830.34
Assistant 0.00Check 6/7/2011 Week of 5/30/11 Checking - B of A (6932) 77.77 77.77Check 6/14/2011 Week of 6/6/11 Checking - B of A (6932) 134.00 211.77Check 6/23/2011 Week of 6/13/11 Checking - B of A (6932) 135.30 347.07Check 6/27/2011 Week of 6/20/11 Checking - B of A (6932) 222.63 569.70Check 7/13/2011 Week of 7/4/11 Checking - B of A (6932) 114.36 684.06Check 8/5/2011 Week of 7/24/11 Checking - B of A (6932) 109.26 793.32Check 8/31/2011 Week of 8/1/11 Checking - B of A (6932) 60.24 853.56Check 9/12/2011 Week of 9/2/11 Checking - B of A (6932) 76.08 929.64Check 12/13/2011 Week of 12/3/11 Checking - B of A (6932) 90.20 1,019.84
Total Assistant 1,019.84 0.00 1,019.84
Consulting 0.00Check 5/31/2011 Checking - B of A (6932) 10,000.00 10,000.00Check 7/31/2011 Checking - B of A (6932) 10,000.00 20,000.00Check 9/30/2011 Checking - B of A (6932) 10,000.00 30,000.00
Total Consulting 30,000.00 0.00 30,000.00
Total Professional Services 37,850.18 0.00 37,850.18
Rent Expense 0.00Check 9/2/2011 Office rent Checking - B of A (6932) 400.00 400.00Check 10/5/2011 Office Rent Checking - B of A (6932) 400.00 800.00Check 11/4/2011 Office Rent Checking - B of A (6932) 400.00 1,200.00Check 12/5/2011 Office Rent Checking - B of A (6932) 400.00 1,600.00
Total Rent Expense 1,600.00 0.00 1,600.00
Taxes 0.00State 0.00Check 4/4/2011 2011 Franchise Tax Payment Checking - B of A (6932) 800.00 800.00
Total State 800.00 0.00 800.00
Total Taxes 800.00 0.00 800.00
Telephone Expense 0.00Check 3/2/2011 Checking - B of A (6932) 100.00 100.00Check 4/4/2011 Checking - B of A (6932) 100.00 200.00Check 5/5/2011 Checking - B of A (6932) 100.00 300.00Check 6/2/2011 Checking - B of A (6932) 100.00 400.00Check 8/8/2011 Checking - B of A (6932) 100.00 500.00Check 9/6/2011 Checking - B of A (6932) 100.00 600.00Check 10/3/2011 Checking - B of A (6932) 100.00 700.00Check 11/7/2011 Checking - B of A (6932) 100.00 800.00Check 12/6/2011 Checking - B of A (6932) 100.00 900.00
Total Telephone Expense 900.00 0.00 900.00
Company Name, Inc.General Ledger
Cash Basis As of December 31, 2011
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Type Date Memo Split Debit Credit Balance
Interest Income 0.00Deposit 1/31/2011 Deposit Savings - B of A (8019) 11.01 -11.01Deposit 2/28/2011 Deposit Savings - B of A (8019) 13.56 -24.57Deposit 3/31/2011 Deposit Savings - B of A (8019) 10.56 -35.13Deposit 4/30/2011 Deposit Savings - B of A (8019) 12.11 -47.24Deposit 5/30/2011 Deposit Savings - B of A (8019) 19.56 -66.80Deposit 6/30/2011 Deposit Savings - B of A (8019) 15.40 -82.20Deposit 7/30/2011 Deposit Savings - B of A (8019) 15.55 -97.75Deposit 8/30/2011 Deposit Savings - B of A (8019) 13.62 -111.37Deposit 9/30/2011 Deposit Savings - B of A (8019) 20.24 -131.61Deposit 10/30/2011 Deposit Savings - B of A (8019) 17.62 -149.23Deposit 11/30/2011 Deposit Savings - B of A (8019) 5.32 -154.55Deposit 12/31/2011 Deposit Savings - B of A (8019) 5.97 -160.52
Total Interest Income 0.00 160.52 -160.52
TOTAL 388,981.87 388,981.87 0.00
Company Name, Inc.General Ledger
Cash Basis As of December 31, 2011
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