Date Debit Credit

1-Jan Cash 300,000

OSC 200,000
Share Premium - OSC 100,000

10-Jan Land 1,120,000 8000 x 140

OSC 800,000 8000 x 100 par
Share Premium - OSC 320,000 8000 x 40

11-Jan Organizational Expenses 500,000

OSC 200,000
Share Premium - OSC 300,000

20-Feb Cash 1,800,000

PSC 1,500,000
SP - Pref 300,000

SP - Pref 75,000
Cash 75,000

10-Mar Cash 2,750,000

OSC 2,500,000
SP - OSC 250,000

SP - OSC 300,000
Cash 300,000

1-Apr Subscriptions Receivabl 7,000,000

Subscribed Share Capital - Ordin 2,000,000
SP - OSC 5,000,000

15-Jul Building 7,000,000

OSC 1,200,000
SP - Ordinary 2,400,000
PSC 2,000,000
SP - Pref 1,400,000

Cash 3,000,000
OSC 1,000,000
SP - Ordinary 2,000,000

1-Aug Cash 120,000

PSC - Callable 100,000
SP - PSC Callable 20,000

3-Aug Cash 4,500,000

Subscription Receivble 4,500,000

Subscribed Share Capital 1,000,000

OSC 1,000,000

18-Aug PSC 750,000

SP - PSC 150,000
RE 600,000
OSC 1,500,000

31-Aug Subscribed Share Capital 500,000

SP - OSC 1,250,000
Subsctiption Receivable 1,500,000
Share Premium - forfeited subscr 250,000

15-Sep PSC - Callable 100,000

SP - PSC Callable 20,000
RE 30,000
Cash 100,000
Note payable 50,000

31-Dec Income Summary 3,000,000

Retained Earnings 3,000,000
 15-Jan Cash 52,000
SP - TS 26,000
TS 78,000

1-Feb Cash 185400 ISSUE PRICE 185,400.00

Bond discount 9000 MV OF SHARE W/OUT
Share warrants outst 14400 WARRANTS 171,000.00
Bonds Payable 180,000 14,400.00

6-Mar Subscriptions Receiva 123200

Subscribed Ordinary 5600
Share Premium Issua 117600

Cash 49,280
Subscriptions Receiva 49280

20-Mar Cash 63360

Subscription Receivab 63360

20-Mar SUBSCRIBED ORDINAR 4,800

OSC 4800

1-Nov Cash 44000

Share Warrants Outst 8800
OSC 2200
SP - Issuance 50600

Income Summary 950,000

RE 950,000

OSC BALANCE 360000

20-Mar 4800
1-Nov 2200
367000

SP - ISSUA Balance 3,640,000

6-Mar 117600
1-Nov 50600
3,808,200

SP - TREASBalance 45000
15-Jan -26000
19000
re balance 649378
net income 950,000
balance 1599378

ts balance 145200
15-Jan -78000
67200

SHE osc 367000

sp 3,808,200
sp - ts 19000
re 1599378
ts -67200
swo 5600
subscribed ordinary 800
subscription receivabl -10560
5722218

7 Treasury Shares 145,200

Cash 145,200

8 OSC 2,240
SP 64960
TS 67,200
MP BONDS 171000
BP 180,000
PREMIUM/ -9,000
1 Share Capital 500,000
Donated Capital 500,000

Donated Capital 500,000

Retained Earnings 500,000

2 Share Capital 2,500,000

Share Premium 2,500,000

Share Premium 500,000

Retained Earnings 500,000

3 Share Capital 5,000,000

Share Premium 1,000,000
Share Capital 5,500,000
Retained Earnings 500,000

4 Share Capital 5,000,000

Share Premium 1,000,000
Share Capital 3,000,000
Share Premium 3,000,000

Share Premium 500,000

Retained Earnings 500,000