ASSETS

101 102 103 104

DATE CASH ACCOUNTS RECEIVABLE NOTES RECEIVABLE FURNITURE & FIXTURES
Dec. 1 200,000
1 16,400
1 15,500
1 40,000
2 12,500 12,500
2 5,600
3 4,000
4 38,000
8 20,000
10 12,000
15 16,500
15 10,000
18 15,000
20
31 3,000
31 14,250
31 4,000
31 12,800 12,800
102,250 25,200 12,000 27,500
278,950
 A. VIRGINIA LITTON
December 2003
LIABILITIES OWNER'S EQUITY
105 201 202 203 301
OFFICE EQUIPMENT ACCOUNTS PAYABLE NOTES PAYABLE LOANS PAYABLE CAPITAL
200,000

80,000 40,000

20,000

15,000
32,000 32,000

4,000

112,000 51,000 32,000 20,000 190,000

278,950 278,950
OWNER'S EQUITY REVENUE EXPENSE
302 401 501 502 503 504
DRAWING PROFESSIONAL FEES RENT OFFICE SUPPLY LIGHT & WATER SALARIES

16,400
15,500

5,600
4,000
38,000

12,000
16,500
10,000

14,250

190,000 55,600 16,400 15,500 4,000 30,750

69,650
 505
TAXES & LICENSE

3,000

3,000
DECEMBER PARTICULAR PR DEBIT CREDIT
1 CASH 101 200,000
A. VIRGINIA LITTON 301 200,000
INVESTMENT OF A. VIRGINIA LITTON

1 RENT EXPENSE 501 16,400

CASH 101 16,400
TO RECORD RENT EXPENSE

1 OFFICE SUPPLIES EXPENSE 502 15,500

CASH 101 15,500
TO RECORD OFFICE SUPPLIES EXPENS

1 OFFICE EQUIPMENT 105 80,000

CASH 101 40,000
ACCOUNTS PAYABLE 201 40,000
PURCHASED OF OFFICE EQUIPMENT

2 FURNITURE & FIXTURES 104 12,500

CASH 101 12,500
PURCHASED FURNITURE & FIXTURES

3 LIGHT & WATER EXPENSE 502 4,000

CASH 101 4,000
UTILITY EXPENSE

4 ACCOUNT RECEIVABLE 102 38,000

SERVICE INCOME 401 38,000
INCOME ACCOUNT

8 LOANS PAYABLE 203 20,000

CASH 101 20,000
RECORD OF LOAN FROM METROBANK

10 NOTES RECEIVABLE 103 12,000

SERVICE INCOME 12,000
SERVICE INCO E RENDERED

15 SALARIES EXPENSE 504 16,500

CASH 101 16,500
TO RECORD SALARIES EXPENSE
15 A. VIRGINIA LITTON WITHDRAWAL 302 10,000
CASH 101 10,000
WITHRAWAL OF VIRGINIA LITTON

18 FURNITURE & FIXTURE 104 15,000

ACCOUNTS PAYABLE 201 15,000
PURCHASED FILLING CABINETS

20 OFFICE EQUIPMENT 105 32,000

NOTES PAYABLE 202 32,000
TO RECORD OFFICE EQUIPMENT

31 TAXES & LICENSE EXPENSE 505 3,000

CASH 101 3,000
TO RECORD TAXES & LICENSE EXPENS

31 CASH 101 4,000

ACCOUNTS PAYABLE 201 4,000
TO RECORD PARTIAL PAYMENT TO LE

31 CASH 101 12,800

ACCOUNTS RECEIVABLE 102 12,800
ACCOUNT TITLE: CASH
ACCOUNT NUMBER:
BALANCE
DATE REMARKS REFERENCE DEBIT CREDIT DEBIT
December 1 INITIAL INVESTMENT 200,000 200,000
1 16,400 183,600
1 15,500 168,100
1 40,000 128,100
2 12,500 115,600
2 5,600 121,200
3 4,000 117,200
8 20,000 137,200
15 16,500 120,700
15 10,000 110,700
31 3,000 107,700
31 14,250 93,450
31 4,000 89,450
31 12,800 102,250

ACCOUNT TITLE: ACCOUNTS RECEIVABLE

ACCOUNT NUMBER:
BALANCE
DATE REMARKS REFERENCE DEBIT CREDIT DEBIT
December 4 38,000 38,000
31 12,800

ACCOUNT TITLE: NOTES RECEIVABLE

ACCOUNT NUMBER:
BALANCE
DATE REMARKS REFERENCE DEBIT CREDIT DEBIT
December 10 12,000 12,000

ACCOUNT TITLE: FURNITURE & FIXTURE

ACCOUNT NUMBER:
BALANCE
DATE REMARKS REFERENCE DEBIT CREDIT DEBIT
December 2 12,500 12,500
18 15,000 27,500

ACCOUNT TITLE: OFFICE EQUIPMENT

ACCOUNT NUMBER:
BALANCE
DATE REMARKS REFERENCE DEBIT CREDIT DEBIT
December 1 80,000 80,000
20 32,000 112,000

ACCOUNT TITLE: ACCOUNTS PAYABLE

ACCOUNT NUMBER:
BALANCE
DATE REMARKS REFERENCE DEBIT CREDIT DEBIT
December 1 40,000
18 15,000
31 4,000

ACCOUNT TITLE: NOTES PAYABLE

ACCOUNT NUMBER:
BALANCE
DATE REMARKS REFERENCE DEBIT CREDIT DEBIT
December 20 32,000

ACCOUNT TITLE: LOANS PAYABLE

ACCOUNT NUMBER:
BALANCE
DATE REMARKS REFERENCE DEBIT CREDIT DEBIT
December 8 20,000

ACCOUNT TITLE: VIRGINIA LITTON CAPITAL

ACCOUNT NUMBER:
BALANCE
DATE REMARKS REFERENCE DEBIT CREDIT DEBIT
December 1 200,000

ACCOUNT TITLE: VIRGINIA LITTON WITHDRAWAL

ACCOUNT NUMBER:
BALANCE
DATE REMARKS REFERENCE DEBIT CREDIT DEBIT
December 1 10,000 10,000

ACCOUNT TITLE: PROFESSIONAL FEES

ACCOUNT NUMBER:
BALANCE
DATE REMARKS REFERENCE DEBIT CREDIT DEBIT
December 2 5,600
4 38,000
10 12,000
ACCOUNT TITLE: RENT EXPENSE
ACCOUNT NUMBER:
BALANCE
DATE REMARKS REFERENCE DEBIT CREDIT DEBIT
December 1 16,400 16,400

ACCOUNT TITLE: SUPPLIES EXPENSE

ACCOUNT NUMBER:
BALANCE
DATE REMARKS REFERENCE DEBIT CREDIT DEBIT
December 1 15,500 15,500

ACCOUNT TITLE: LIGHT & WATER EXPENSE

ACCOUNT NUMBER:
BALANCE
DATE REMARKS REFERENCE DEBIT CREDIT DEBIT
December 3 4,000 4,000

ACCOUNT TITLE: SALARIES EXPENSE

ACCOUNT NUMBER:
BALANCE
DATE REMARKS REFERENCE DEBIT CREDIT DEBIT
December 15 16,500 16,500
31 14,250 30,750

ACCOUNT TITLE: OFFICE EQUIPMENT

ACCOUNT NUMBER:
BALANCE
DATE REMARKS REFERENCE DEBIT CREDIT DEBIT
December 31 3,000 3,000
BALANCE
CREDIT

BALANCE
CREDIT

25,200

BALANCE
CREDIT

BALANCE
CREDIT

BALANCE
CREDIT
BALANCE
CREDIT
40,000
55,000
51,000

BALANCE
CREDIT
32,000

BALANCE
CREDIT
20,000

BALANCE
CREDIT
2,000

BALANCE
CREDIT

BALANCE
CREDIT
5,600
43,600
55,600
BALANCE
CREDIT

BALANCE
CREDIT

BALANCE
CREDIT

BALANCE
CREDIT

BALANCE
CREDIT
 A. VIRGINIA LITTON
WORKKSHEET
December 1
TRIAL BALANCE
PR DESCRIPTION DEBIT CREDIT
101 CASH 102,000
102 ACCOUNTS RECEIVABLE 25,200
103 NOTES RECEIVABLE 12,000
104 FURNITURE & FIXTURES 27,500
105 OFFICE EQUIPMENT 112,000
201 ACCOUNTS PAYABLE 51,000
202 NOTES PAYABLE 32,000
203 LOANS PAYABLE 20,000
301 A. VIRGINIA LITTON CAPITAL 200,000
302 A. VIRGINIA LITTON DRAWIN 10,000
401 PROFESSIONAL FEES 55,600
501 RENT EXPENSE 16,400
502 OFFICE SUPPLY EXPENSE 15,500
503 LIGHT & WATER EXPENSE 4,000
504 SALARY EXPENSE 30,750
505 TAXES & LICENSE EXPENSE 3,000
TOTAL 358,350 358,600