G/L Accts -12 Periods with Differences 11/26/08

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1 Sample Company 2005 G/L Accts -12 Periods with Differences G/L Accts -12 Periods with Differences 1 CASH ACCOUNTS 1000 General Checking 46, , , , , , , , , , , , , , , , , Payroll Checking 2, , , , , Field Checking Visa/MC Clearing Acct Petty Cash Savings 76, , , , , , , , , , , , , , , , , Account Type Totals 125, , , , , , , , , , , , , CURRENT ASSETS 1120 Contract Receivables -1, , , , , , , , , , , , , , , AR - Startup 56, , , , , , , (Service) 9, , , , , , , , , , , , , , Bad Debt Allowance -15, , , , , , , , , , , , ,

2 1190 Underbillings 15, , , , , , , , , , , , , (Inventory) 9, , , , , , , , , , , , , , Prepaid Health Ins 1, , , , , , , , , , , , , , , Plan Deposits Refundable Deposits 1, , , , , , , , , , , , , Account Type Totals 12, , , , , , , , , , , , , WIP ASSETS 1399 (Spec-Payroll) Account Type Totals OTHER ASSETS 1420 PPD Liability Insuranc 3, , , , , , , , , , , , , , , Work Comp Deposit 5, , , , , , , , , , , , , Note Receivable - Shar 10, , , , , , , , , , , , , Account Type Totals 19, , , , , , , , , , , , , FIXED ASSETS 1800 (Heavy Equipment) 74, , , , , , , , , , , , , Vehicles 109, , , , , , , , , , , , , Shop Equipment & Too 42, , , , , , , , , , , , ,

3 1840 Office Equipment 37, , , , , , , , , , , , , , Software 15, , , , , , , , , , Furniture & Fixtures 19, , , , , , , , , , , , , Account Type Totals 283, , , , , , , , , , , , , ACCUMULATED DEPRECIATION 1900 (Accum Dep'n Heavy E 44, , , , , , , , , , , , , Accum Dep'n Vehicles 63, , , , , , , , , , , , , , , , , , , Accum Dep'n Shop Eq/ 22, , , , , , , , , , , , , Accum Dep'n Office Eq 27, , , , , , , , , , , , , Accum Dep'n Furniture 12, , , , , , , , , , , , , Account Type Totals 170, , , , , , , , , , , , , CURRENT LIABILITIES 2000 Trade Accounts Payabl 2, , , , , , , , , , , , , , , , , AP - Startup 260, , , , , , , Sales Tax Payable , , , , , , , , Fica/FIT Payable 1, , , , , , , , , State Payroll Taxes Pa 1, , , , , , , , , , , , , , ,

4 2302 Workers' Compensatio , , , , , , , , , , , , , , Futa Payable Child Support Payable K Payable 2, , , , , , , , , , , , , , , , Union 20 Benefits Paya Union 20-Union Dues Line of Credit Payable 75, , , , , , , , , , , , , , , , , Corporate Federal Tax 52, , , , , , , Corp State Income Tax 23, , , , , , , Account Type Totals 150, , , , , , , , , , , , , LONG TERM LIABILITIES 2800 (Heavy Equipment Loa 20, , , , , , , , , , , , , Vehicle Loans 48, , , , , , , , , , , , , Account Type Totals 69, , , , , , , , , , , , , EQUITY 3000 Capital Stock 25, , , , , , , , , , , , , Retained Earnings -15, , , , , , , , , , , , , ,

5 3499 Startup Clearing 40, , , , , Account Type Totals 49, , , , , , , , , , , , , OPERATING INCOME 4000 Contract Income 56, , , , , , , , , , , , , Service Income 9, , , , , , Resale Discounts Given Interest Income Discounts Earned Account Type Totals 66, , , , , , OTHER INCOME 4900 Other Income Account Type Totals DIRECT EXPENSE 5001 Material 3, , , , , , , , , , , , , Equipment Expense , , , , , , Subcontracted 259, , , , , , , , , , , , , , , , Other Job Expense , ,

6 5400 Direct Labor , , , , , , , , , , D/L Payroll Taxes , , , , , , , , , , D/L Workers' Compens , , , , , , , , , , D/L Benefits 1, , , , , , , , , , D/L Liability Insurance , , , , , , D/L Small Tool Exp Account Type Totals 264, , , , , , , EQUIP/SHOP EXPENSE 5604 Shop Liability Ins Equipment Interest Ex Equipment Depreciatio (Equipment Repair) Equipment Fuel (Equipment Use Contra , , , , Account Type Totals , , , , OVERHEAD EXPENSE 6000 Rent 1, , , , , , , ,

7 6001 Office Supplies 2, , , , , , , Utilities Telephone Cell Phone / Paging Bank Charges Postage & Freight Janitorial Advertising & Promoti Accounting Fees 1, , , , , Legal Fees Consulting Fees 1, , Travel, Meals 1, , , , , , Entertainment , , , Dues & Subscriptions , , , Continuing Education , , ,

8 6028 Charity Donations Maintenance & Repair General Insurance Taxes & Licenses Interest Expense , , , Inventory Offset Accou -41, , , Warranty Work 1, , , Estimating Labor 3, , , , , , , , , Overhead Labor 12, , , , , , , , , , , , , O/H Payroll Taxes 1, , , , O/H Workers' Compens O/H Benefits 1, , , , , O/H Liability Insurance Vehicle Expenses , , , Vehicle Fuel 1, , , , ,

9 6600 Small Tools/Shop Sup Other Shop Expense , Depreciation Expense 2, , , , , , , , Suspense/clearing Account Type Totals 33, , , , , , ADMINISTRATIVE EXPENSE 7400 Admin Salaries 6, , , , , , , , , , , , Admin Payroll Taxes Admin Benefits Account Type Totals 7, , , , , , AFTER TAX INC/EXPENSE Net Profit: -239, , , , , , , of 9

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