Class no.

4 Name: BONSO, JESUS ENZO DC

GREGORY SERVICES
TRIAL BALANCE
DECEMBER 31, 2022

CASH 30,000
ACCOUNTS RECEIVABLE 60,000
NOTES RECEIVABLE 60,000
OFFICE SUPPLIES 120,000
PREPAID RENT 52,000
PREPAID INTEREST 50,000
ACCRUED INCOME 40,000
EQUIPMENT 110,000
LAND 800,000
BUILDING 800,000
FIXTURES & FURNITURES 161,000
MARKETABLE SECURITIES 100,000
DELIVERY TRUCK 180,000
ACCOUNTS PAYABLE 550,000
SALARIES AND WAGES 200,000
NOTES PAYABLE DUE ON JAN 2025 345,000
MORTGAGE PAYABLE 200,000
WITHHOLDING TAX PAYABLE 30,000
UNEARNED INCOME 80,000
ACCRUED EXPENSE 60,000
GREGORY CAPITAL 1,200,000
GREGORY WITHDRAWAL 300,000
SERVICE REVENUE 1,200,000
INSTALLATION REVENUE 400,000
RENT EXPENSE 300,000
OFFICE SUPPLIES EXPENSE 42,000
INSURANCE EXPENSE 75,000
GAS & OIL EXPENSE 52,000
UTILITIES EXPENSE 80,000
REPAIRS AND MAINTENANCE EXPENSE 255,000
ADVERTISING EXPENSE 100,000
MISCELLANEOUS EXPENSE 100,000

4,067,000 4,067,000

GREGORY SERVICES
INCOME STATMENT
DECEMBER 31, 2022
SERVICE REVENUE 1,200,000
INSTALLATION REVENUE 400,000
TOTAL REVENUE 1,600,000
LESS EXPENSE
ADVERTISING EXPENSE 100,000
GAS & OIL EXPENSE 52,000
INSURANCE EXPENSE 75,000
OFFICE SUPPLIES EXPENSE 42,000
RENT EXPENSE 300,000
SALARIES & WAGES EXPENSE 200,000
REPAIRS & MAINTENANCE EXPENSE 255,000
UTILITIES EXPENSE 80,000
MISC. EXPENSE 100,000

396,000

GREGORY SERVICES
STATEMENT OF CHANGES IN OWNER’S EQUITY
DECEMBER 31, 2022
Balance Gregory CAPITAL, December 31, 2022 1,200,000
Net income for the Period 396,000

Total 1,596,000
Less Gregory Withdrawal 300,000

Gregory Capital as of December 31, 2022 1,296,000

GREGORY SERVICES
BALANCE SHEET
DECEMBER 31, 2022
ASSETS
Current Assets
Cash 30,000
Accounts Receivable 60,000
Office Supplies 1,200,000
Notes Receivable 60,000
Prepaid Interest 50,000
Prepaid Rent 52,000
Marketable Securities 100,000
Accrued Income 40,000
Total Current Assets 512,000

Non-Current Assets
Equipment 110,000
Land 800,000
Building 800,000
Furniture & Fixture 161,000
Delivery Truck 180,000
Total Non-Current Assets 2,051,000

Total Assets 2,563,000

LIABILITIES
Current Liabilities
Accounts Payable 550,000
Unearned Income 80,000
Withholding Tax Payable 32,000
Accrued Expense 60,000
Total Current Liabilities 545,000

Non-current Liabilities
Mortgage Payable 200,000
Notes Payable 345,000
Total Non-current Liabilities 545,000

Total Liabilities 1,267,000

EQUITY
Gregory Capital 1,296,000

Total Liabilities and Equity 2,563,000