(Chemical Trading / Consultancy Company) 1. Company raises capital via loans from bank in the amount of $50,000 (Interest rate is 6%) 2. MBA1 (Owner) authorized 100,000 shares with SECP at par value $10 3. MBA1 (Owner) invested his own capital in the company worth $50,000 (Common Shares). Par Value $10, 5000 shares 4. Rented out office at an annual rate of $12,000 a year 5. Bought furniture for $15,000 with a life of 3 to 5 years 6. Purchase office supplies in the amount of $1,000 7. Hired two employees at a salary rate of $24,000 a year each 8. Bought product A at a price of $1,000/MT and bought 1000MT 9. Sold Product A at a price of $1010/MT and sold 400MT 10.Did not receive ANY utility bills for the month of January 2011 11.Bought Computers (3) for $500 each and put a deposit of $250 total 12.Repaid $5000 of loan to Bank 13.January 1, 2011 bought fire insurance for the period covered from January through to Dec of 2011 for the amount of $1200 Feb 2011: 1. Two Computers were stolen during the month 2. Leased 2 cars for both the employees as part of their compensation package $250 per car per month including insurance for theft and fire (Ins is $25 per month per car) 3. Feb 10, 2011 Bought insurance (Fire, Theft) for the office and its assets 4. Utilities Bills for January came in and they totaled $4500 5. Floated additional shares 5000 (Par $10) for $15 a share 6. Received 50% of Trades Payable (Customer A)