Apple Blossom Cologne Company TB-BS

Working Trial Balance-Balance Sheet

12-31-03

=============================================================================================================================================================
Working Per Per Per Reclassification Financial
Paper Audit Books Adjustments Audit Items Statements
Reference 12-31-02 12-31-03 Debit Credit 12-31-03 Debit Credit 12-31-03
=============================================================================================================================================================
Assets:
101 Cash-Big City National Bank 513,617 846,541
102 Cash-Second National Bank 5,918 36,968
103 Petty cash 420 500
105 Accounts receivable 139,504 212,705
106 Allowance for bad debts (11,889) (19,919)
107 Miscellaneous receivables
109 Inventory 873,766 719,647
110 Prepaid insurance 35,336 38,636
111 Prepaid rent 5,000 1,250
112 Office supplies inventory 8,657 9,964
113 Small tools inventory 7,162 6,541
115 Investment in Securities 474,518 223,033
116 Allow. for unreal. gain/loss 6,473 6,473
201 Long-term investments
210 Land 82,250 82,250
220 Buildings 276,263 276,263
221 Accum. depn.- buildings (65,416) (74,625)
230 Machinery and equipment 540,845 1,006,045
231 Accum. depn.- mach.& equip. (160,866) (189,848)
240 Automotive equipment 99,425 99,425
241 Accum. depn.- auto. equip. (52,798) (77,654)
250 Office furniture & fixtures 106,433 114,833
251 Accum. depn.- off. furn.& fix. (37,581) (43,113)
Total assets 2,847,037 3,275,915
Liabilities:
301 Accounts payable 223,161 135,550
302 Accrued Payroll Taxes 113,846 86,253
303 Wages and Salaries Payable 81,239
304 Accrued Property Taxes 14,113 21,988
305 Accrued interest 10,625 15,833
306 Dividends payable 17,575 23,125
307 Federal income tax payable 63,772 25,000
308 Notes payable-short term 125,000
350 Lease obligation - short-term
401 Notes payable-long term 475,000
450 Lease obligation - long-term
Total liabilities 649,331 782,749