Journal balance with IVA

Vanguard arcgitecture Inc

January 1 Cash (A) 800,000

Bonds (L) 800,000

January 12 Capital stock (OE) 30,000

Cash (A) 30,000

January 21 Note receivable (A) 800,000

Land (A) 710,000
Gain in sell of land (r] 90,000

January 31 Cash (A) 974,400 Unearned fees (L) 840,000

IVA Payable (L) 134,400

February 1 Computer (A) 45,000 Cash (A) 20,880

IVA Receivable (A) 7,200 Note payable (L) 31,320

February 9 Dividends payable (L) 3,000

Dividends paid (oe) 3,000

February 22 Cash (a) 600,000 Fees earned [r] 1´100,000

Clients (A) 676,000 IVA Payable (l) 176,000

February 27 Mortgage (L) 80,000 Cash (A) 98,560

Interest/Loan [E) 16,000
IVA Receivable (A) 2,560

March 1 Cash (A) 74,060 Temporary investments 70,000

Intersest receivable (r] 3,500
IVA Payable [L) 560

March 8 Office supplies inventory (a) 60,000

Iva receivable (a) 9,600
Cash (a) 69,600
March 15 Other debtors (a) 55,000 Cash (A) 55,000

March 25 Salaries paid (E] 42,000

Cash (a) 42,000

March 31 Permanent investment (a) 350,000 Cash (a) 350,000

April 1 Trade mark (a) 17,400 Cash (A) 20,184

Iva receivable (a) 2,784

April 17 Promotional trip (E] 62,500 Account Payable (L) 72,500

IVA Recievable (a) 10,000