C Telan Consultant

C Telan Consultant
Chart of Accounts
As Of 04/29/17

Assets

1105 Cash
1115 Accounts Receivable
1135 Supplies
1148 Prepaid Advertising
1150 Prepaid Insurance
1500 Equipment
1540 Furniture and Fixtures
1580 Building

Liabilities

2105 Accounts Payable

2110 Notes Payable

Owner's Equity

3105 C Telan, Capital

3125 C Telan, Withdrawal

Revenue

4106 Service Fee

Expenses

6105 Advertising Expense

6155 Salary Expense
6180 Miscellaneous Expense
6210 Rent Expense
6215 Utilities Expense

Other Expense

8105 Interest Expense

 NEIL Consultant
General Journal
As Of 04/29/17

Date Refer. Acct. Title Debit Credit

1-Apr 170401 1105 Cash 450,000.00

1-Apr 170401 1540 Furniture and Fixtures 74,500.00
1-Apr 170401 1500 Equipment 85,000.00
1-Apr 170401 3105 C Telan, Capital 609,500.00

3-Apr 170402 1580 Building 1,250,000.00

3-Apr 170402 1105 Cash 200,000.00
3-Apr 170402 2110 Notes Payable 1,050,000.00

4-Apr 170403 1150 Prepaid Insurance 9,600.00

4-Apr 170403 1105 Cash 9,600.00

5-Apr 170404 1105 Cash 8,000.00

5-Apr 170404 4106 Service Fee 8,000.00

6-Apr 170405 1500 Equipment 3,500.00

6-Apr 170405 1105 Cash 500
6-Apr 170405 2105 Accounts Payable 3,000.00

7-Apr 170406 1115 Accounts Receivable 8,750.00

7-Apr 170406 2105 Accounts Payable 8,750.00

8-Apr 170407 1540 Furniture and Fixtures 7,500.00

8-Apr 170407 2105 Accounts Payable 7,500.00

9-Apr 170408 1105 Cash 19,200.00

9-Apr 170408 4106 Service Fee 19,200.00

10-Apr 170409 6210 Rent Expense 1,000.00

10-Apr 170409 1105 Cash 1,000.00

11-Apr 170410 1105 Cash 4,600.00

11-Apr 170410 4106 Service Fee 4,600.00

11-Apr 170411 6155 Salary Expense 15,600.00

11-Apr 170411 1105 Cash 15,600.00

12-Apr 170412 1105 Cash 4,150.00

12-Apr 170412 4106 Service Fee 4,150.00

13-Apr 170413 1105 Cash 10,000.00

13-Apr 170413 4106 Service Fee 10,000.00

13-Apr 170414 1115 Accounts Receivable 15,000.00

13-Apr 170414 4106 Service Fee 15,000.00

14-Apr 170415 2105 Accounts Payable 7,500.00

14-Apr 170415 1105 Cash 7,500.00

15-Apr 170416 6215 Utilities Expense 825

15-Apr 170416 1105 Cash 825

16-Apr 170417 3125 C Telan, Withdrawal 7,875.00

16-Apr 170417 1105 Cash 7,875.00

17-Apr 170418 1105 Cash 30,000.00

17-Apr 170418 4106 Service Fee 30,000.00

18-Apr 170419 6155 Salary Expense 21,600.00

18-Apr 170419 1105 Cash 21,600.00

19-Apr 170420 6105 Advertising Expense 2,000.00

19-Apr 170420 1105 Cash 2,000.00

20-Apr 170421 6215 Utilities Expense 3,000.00

20-Apr 170421 1105 Cash 3,000.00

21-Apr 170422 1135 Supplies 3,000.00

21-Apr 170422 1105 Cash 3,000.00

22-Apr 170423 1115 Accounts Receivable 8,000.00

22-Apr 170423 4106 Service Fee 8,000.00

25-Apr 170424 6215 Utilities Expense 1,500.00

25-Apr 170424 1105 Cash 1,500.00

26-Apr 170425 6215 Utilities Expense 3,500.00

26-Apr 170425 1105 Cash 3,500.00

27-Apr 170426 6215 Utilities Expense 2,500.00

27-Apr 170426 1105 Cash 2,500.00

28-Apr 170427 2105 Accounts Payable 3,000.00

28-Apr 170427 1105 Cash 3,000.00

29-Apr 170430 6155 Salary Expense 32,000.00

29-Apr 170430 1105 Cash 32,000.00

29-Apr 170431 1105 Cash 15,000.00

29-Apr 170431 4106 Service Fee 15,000.00

29-Apr 170432 1115 Accounts Receivable 9,000.00

29-Apr 170432 4106 Service Fee 9,000.00
-------------- --------------
Totals 2,116,700.00 2,116,700.00
============== ==============
 C Telan Consultant

C Telan Consultant
Trial Balance
As Of 04/29/17

Acct. Account
Number Title Debit Credit

1105 Cash 225,950.00

1115 Accounts Receivable 40,750.00
1135 Supplies 3,000.00
1150 Prepaid Insurance 9,600.00
1500 Equipment 88,500.00
1540 Furniture and Fixtures 82,000.00
1580 Building 1,250,000.00
2105 Accounts Payable 8,750.00
2110 Notes Payable 1,050,000.00
3105 C Telan, Capital 609,500.00
3125 C Telan, Withdrawal 7,875.00
4106 Service Fee 122,950.00
6105 Advertising Expense 2,000.00
6155 Salary Expense 69,200.00
6210 Rent Expense 1,000.00
6215 Utilities Expense 11,325.00
----------------- -----------------
Totals 1,791,200.00 1,791,200.00
================= =================
 C Telan Consultant

C Telan Consultant
Income Statement
For Period Ended 04/29/17

Monthly Monthly Yearly Yearly

Amount Percent Amount Percent

Operating Revenue

Service Fee 122,950.00 100 122,950.00 100

------------- ------------- ------------- ----------
Total Operating Revenue 122,950.00 100 122,950.00 100

Operating Expenses

Advertising Expense 2,000.00 1.63 2,000.00 1.63

Salary Expense 69,200.00 56.28 69,200.00 56.28
Rent Expense 1,000.00 0.81 1,000.00 0.81
Utilities Expense 11,325.00 9.21 11,325.00 9.21
------------- ------------- ------------- ----------
Total Operating Expenses 83,525.00 67.93 83,525.00 67.93
------------- ------------- ------------- ----------
Net Income 39,425.00 32.07 39,425.00 32.07
============= ============= ============= ==========
 C Telan Consultant

C Telan Consultant
Balance Sheet
As Of 04/29/17

Assets

Cash 225,950.00
Accounts Receivable 40,750.00
Supplies 3,000.00
Prepaid Insurance 9,600.00
Equipment 88,500.00
Furniture and Fixtures 82,000.00
Building 1,250,000.00
-------------
Total Assets 1,699,800.00
=============

Liabilities

Accounts Payable 8,750.00

Notes Payable 1,050,000.00
-------------
Total Liabilities 1,058,750.00

Owner's Equity

C Telan, Capital 609,500.00

C Telan, Withdrawal -7,875.00
Net Income 39,425.00
-------------
Total Owner's Equity 641,050.00
-------------
Total Liabilities & Equity 1,699,800.00
=============