M/S OVERNIGHT AUTO SERVICE

ACCOUNTING EQUATION

AS AT JANUARY 31, 2009

Assets = Liabilities + Owner's Equity

Total
Date Liabilities +
Accounts Total Notes Accounts Total Capital Retaind Total
Cash Land Building Tools Owner's Equity
Receivable Assets Payable Payable Liabilities Stock Earnings Owner's Equity

20-01-2009 80,000.00 - - - - 80,000.00 - - - 80,000.00 - 80,000.00 80,000.00

21-01-2009 (52,000.00) 52,000.00 - - - - - - - - - - -

Balance 28,000.00 52,000.00 - - - 80,000.00 - - - 80,000.00 - 80,000.00 80,000.00

22-01-2009 (6,000.00) - 36,000.00 - - 30,000.00 30,000.00 - 30,000.00 - - - 30,000.00

Balance 22,000.00 52,000.00 36,000.00 - - 110,000.00 30,000.00 - 30,000.00 80,000.00 - 80,000.00 110,000.00

23-01-2009 - - - 13,800.00 - 13,800.00 - 13,800.00 13,800.00 - - - 13,800.00

Balance 22,000.00 52,000.00 36,000.00 13,800.00 - 123,800.00 30,000.00 13,800.00 43,800.00 80,000.00 - 80,000.00 123,800.00

24-01-2009 - - - (1,800.00) 1,800.00 - - - - - - - -

Balance 22,000.00 52,000.00 36,000.00 12,000.00 1,800.00 123,800.00 30,000.00 13,800.00 43,800.00 80,000.00 - 80,000.00 123,800.00

26-01-2009 600.00 - - - (600.00) - - - - - - - -

Balance 22,600.00 52,000.00 36,000.00 12,000.00 1,200.00 123,800.00 30,000.00 13,800.00 43,800.00 80,000.00 - 80,000.00 123,800.00

27-01-2009 (6,800.00) - - - - (6,800.00) - (6,800.00) (6,800.00) - - - (6,800.00)

Balance 15,800.00 52,000.00 36,000.00 12,000.00 1,200.00 117,000.00 30,000.00 7,000.00 37,000.00 80,000.00 - 80,000.00 117,000.00

31-01-2009 2,200.00 - - - - 2,200.00 - - - - 2,200.00 2,200.00 2,200.00

Balance 18,000.00 52,000.00 36,000.00 12,000.00 1,200.00 119,200.00 30,000.00 7,000.00 37,000.00 80,000.00 2,200.00 82,200.00 119,200.00

31-01-2009 (1,400.00) - - - - (1,400.00) - - - - (1,400.00) (1,400.00) (1,400.00)

Balance 16,600.00 52,000.00 36,000.00 12,000.00 1,200.00 117,800.00 30,000.00 7,000.00 37,000.00 80,000.00 800.00 80,800.00 117,800.00