DATES ASSETS

CASH AUTOMOBILE EQUIPMENT SUPPLIES

Jul-01 50,000.00
Jul-03 - 2,750.00
Jul-05 - 30,000.00 30,000.00
Jul-10 9,000.00
Jul-13 - 1,600.00 1,600.00
Jul-13 - 2,400.00
Jul-18 11,150.00
Jul-20 - 1,250.00
Jul-20 - 3,500.00
Jul-25
Jul-30
Jul-31 - 2,200.00
Jul-31 - 815.00
Jul-31 - 3,000.00
TOTAL 13,635.00 30,000.00 9,000.00 1,600.00
 TRANSACTIONS BALANCE SHEET, JULY 2

TS
PREPAID INSURANCE ACCOUNT RECEIVABLE ACCOUNT PAYABLE CAPITAL
50,000.00

9,000.00

2,400.00

- 3,500.00
1,500.00
17,300.00

2,400.00 17,300.00 7,000.00 50,000.00

RANSACTIONS BALANCE SHEET, JULY 2014.

LIABILITIES + OWNER'S EQUITY

RENT PROFESSIONAL FEES UTILITY TELEPHONE MISCELLANEOUS

- 2,750.00

11,150.00
- 500.00 - 450.00 - 300.00

17,300.00

- 2,750.00 28,450.00 - 500.00 - 450.00 - 300.00

 BLUEPRINT SERVICES SALARY EXPENSES REPAIR DRAWING

- 1,500.00

- 2,200.00
- 815.00
- 3,000.00
- 1,500.00 - 2,200.00 - 815.00 - 3,000.00
 Income Statement
For the month ended, July 31, 2014
Professional Fee 28,450.00
Expenses
Rent 2,750.00
Utility 500.00
Telephone 300.00
Miscellaneous 450.00
Blueprint Service 1,500.00
Salary Expense 2,200.00
Repair 815.00
TOTAL OPERATING EXPENSES 8,515.00 - 8,515.00
Net Income 19,935.00

Lynn Cantwell, Attorney at Law

Statement of Owner's Equity
For the month of July, 2014.
Lynn Cantwell, Capital, July 1, 2014 50,000.00
Net Income 19,935.00
SUBTOTAL 69,935.00
Withdrawals during the month - 3,000.00
Increase in Owner's Equity 66,935.00
TOTAL 66,935.00

BALANCE SHEET
For the month of July, 2014

ASSETS LIABILITIES
Current Assets Current Liabilities
Cash 13,635.00 Accounts Payable 7,000.00
Accounts Receivable 17,300.00 Rent - 2,750.00
Supplies 1,600.00 Expenses - 5,765.00
Prepaid Insurance 2,400.00 TOTAL CURRENT LIABILITIES - 1,515.00
Equipment 30,000.00 SHAREHOLDER'S EQUITY
TOTAL CURRENT AS 64,935.00 Increase in Owner's Equity 66,935.00
Fixed Assets TOTAL SHAREHOLDER'S 66,935.00
Office Equipments 9,000.00 TOTAL LIABILITIES & EQUITY 73,935.00
TOTAL NET FIXED 9,000.00
TOTAL ASSETS 73,935.00
 JOURNAL
DATE DESCRIPTION POST REF. DEBIT CREDIT

2014
JULY 1 Cash 11
50,000.00
Lynn Cantwell, Capital 31
50,000.00
Tranfered Cash for the Business
- -
JULY 3 Rent 51
2,750.00
Cash 11
2,750.00
Paid rent for July
- -
JULY 5 Automobile 12
30,000.00
Cash 11
30,000.00
Purchased Automobile
- -
JULY 10 Equipment 13
9,000.00
Account Payable 21
9,000.00
Purchased equipment on Account
- -
JULY 13 Supplies 14
1,600.00
Cash 11
1,600.00
Paid Supplies
- -
JULY 13 Prepaid Insurance 16
2,400.00
Cash 11
2,400.00
Paid Annual Insurance
- -
JULY 18 Cash 11
11,150.00
Professional Fees 41
11,150.00
Received cash from Clients
- -
JULY 20 Utility Expense 52
500.00
Telephone 53
450.00
Miscelleneous 54
300.00
Cash 11
1,250.00
Prepaid Expense
- -
JULY 20 Account Payable 21
3,500.00
Cash 11
3,500.00
Paid creditors on Account
- -
JULY 25 Blueprint Services 55
1,500.00
Account Payable 21
1,500.00
Received Invoice
- -
JULY 30 Account Receivable 15
17,300.00
Professional Fees 41
17,300.00
Fees Earned
- -
JULY 31 Salary Expense 57
2,200.00
Cash 11
2,200.00
Paid Salary
- -
JULY 31 Automobile Expense 56
815.00
Cash 11
815.00
Paid Automoble Expense
- -
JULY 31 Lynn Cantwell, Drawing 32
3,000.00
Cash 11
3,000.00
Withdrew Cash
- -
Total
136,465.00 136,465.00
 Unadjusted Trial Balance
July 31, 2014
Debit Balances

Cash 13,635.00
Account Receivable 17,300.00
Supplies 1,600.00
Prepaid Insurance 2,400.00
Automobile 30,000.00
Equipment 9,000.00
Account Payable
Lynn Cantwell, Capital
Lynn Cantwell, Drawing 3,000.00
Professional Fee
Rent 2,750.00
Utility 500.00
Telephone 450.00
Miscellaneous 300.00
Blueprint Services 1,500.00
Automobile 815.00
Salary 2,200.00

TOTAL 85,450.00
lance

Credit Balances

7,000.00
50,000.00

28,450.00

85,450.00
 ACCOUNT Cash Account No. 11
Balances
Date Item Post Ref. Debit Credit
Debit Credit
2014
7 1 11 50,000.00 50,000.00
3 11 2,750.00 47,250.00
5 11 30,000.00 17,250.00
13 11 1,600.00 15,650.00
13 11 2,400.00 13,250.00
18 11 11,150.00 24,400.00
20 11 1,250.00 23,150.00
20 11 3,500.00 19,650.00
31 11 2,200.00 17,450.00
31 11 815.00 16,635.00
31 11 3,000.00 13,635.00

ACCOUNT Account Receivable Account No. 12

Balances
Date Item Post Ref. Debit Credit
Debit Credit
2014
7 30 12 17,300.00 17,300.00

ACCOUNT Supplies Account No. 13

Balances
Date Item Post Ref. Debit Credit
Debit Credit
2014
7 13 13 1,600.00 1,600.00

ACCOUNT Prepaid Insurance Account No. 14

Balances
Date Item Post Ref. Debit Credit
Debit Credit
2014
7 13 14 2,400.00 2,400.00

ACCOUNT Automoble Account No. 15

Balances
Date Item Post Ref. Debit Credit
Debit Credit
2014
7 5 15 30,000.00 30,000.00

ACCOUNT Equipment Account No. 16

Balances
Date Item Post Ref. Debit Credit
Debit Credit
2014
7 10 16 9,000.00 9,000.00
 ACCOUNT Account Payable Account No. 21
Balances
Date Item Post Ref. Debit Credit
Debit Credit
2014
7 10 21 9,000.00 9,000.00
20 21 3,500.00 5,500.00
25 21 1,500.00 7,000.00

ACCOUNT Lynn Cantwell, Capital Account No. 31

Balances
Date Item Post Ref. Debit Credit
Debit Credit
2014
7 1 31 50,000.00 50,000.00

ACCOUNT Lynn Cantwell, Drawing Account No. 32

Balances
Date Item Post Ref. Debit Credit
Debit Credit
2014
7 31 32 3,000.00 3,000.00

ACCOUNT Professional Fee Account No. 41

Balances
Date Item Post Ref. Debit Credit
Debit Credit
2014
7 13 41 11,150.00 11,150.00
18 41 17,300.00 28,450.00
 ACCOUNT Rent Account No. 51
Balances
Date Item Post Ref. Debit Credit
Debit Credit
2014
7 3 51 2,750.00 2,750.00

ACCOUNT Utility Expense Acoount No. 52

Balances
Date Item Post Ref. Debit Credit
Debit Credit
2014
7 20 52 500.00 500.00

ACCOUNT Telephone Account No. 53

Balances
Date Item Post Ref. Debit Credit
Debit Credit
2014
7 20 53 450.00 450.00

ACCOUNT Miscellaneous Expense Account No. 54

Balances
Date Item Post Ref. Debit Credit
Debit Credit
2014
7 20 54 300.00 300.00

ACCOUNT Blueprint Services Account No. 55

Balances
Date Item Post Ref. Debit Credit
Debit Credit
2014
7 25 55 1,500.00 1,500.00

ACCOUNT Automobile Expense Account No. 56

Balances
Date Item Post Ref. Debit Credit
Debit Credit
2014
7 31 56 815.00 815.00

ACCOUNT Salary Expense Account No. 57

Balances
Date Item Post Ref. Debit Credit
Debit Credit
2014
7 31 57 2,200.00 2,200.00