SALES JOURNAL PAGE 1

POST ACCOUNTS SALES-- SALES SALES-

DATE INV. ACCOUNT DEBITED REF. RECEIVABLE COMPUTER PERIPHERALS SERVICING
December NO. DR CR. CR. CR.
12/1 707 McBooks Bookstore 1,424.00 749.00 675.00
12/3 708 Botero Exporters 5,475.00 5,475.00
12/6 709 Shore Properties, Inc. 979.00 979.00
12/7 710 Ortega Investments 12,493.00 12,493.00
12/8 711 Mc Books Bookstore 1,550.00 1,550.00
12/9 712 Page & Associates 1,542.00 1,542.00
12/12 713 Kenya & Sons, 4,319.00 4,319.00

27,782.00 13,072.00 675.00 14,035.00

(1113) (4111) (4112) (4113)
 CASH PAYMENTS JOURNAL Page 1
PURC. -- ACCOUNTS PURCH. Other Accounts Dr.
DATE CK. COMPUTERS PAYABLE DISCOUNTS CASH POST.
2005 NO. Payee DR. DR CR. CR. ACCOUNT REF. AMOUNT
12/1 1102 Southeast Computers $ 2,030.00 $ 40.60 $ 1,989.40
12/2 1103 Jefferson Insurance Agency 360.00 Prepaid Insurance 1119 $ 360.00
12/2 1104 Bellevue Advertising 1,397.00 Store Supplies 1117 1,397.00
12/2 1105 Orlando Tabloid 3,275.00 Advertising Expense 6112 3,275.00
12/3 1106 Joe's Furniture 9,349.00 Office Equipment 1214 9,349.00
12/6 1107 Hal Computers $ 7,483.00 7,483.00
12/6 1108 Larry's Roofing, Inc. 842.00 Repairs and Maintenance Expense 6217 842.00
12/8 1109 Nhung Tran 279.00 Repairs and Maintenance Expense 6217 279.00
12/9 1110 Arthur Gotts 675.00 Professional Fees Expense 6222 675.00
12/10 1111 Payroll Bank Account 3,892.75 Salaries Payable 2112 3,892.75
12/10 1112 Metro National Bank 2,714.50 FICA Tax Payable 2114 864.50
Employees' income tax payable 2113 1,850.00
12/13 1113 Orlando Power & Light 373.22 Utilities Expense 6214 373.22
12/14 1114 Bell Telephone Company 132.22 Utilities Expense 6214 132.22
12/15 1115 Orlando Water 63.22 Utilities Expense 6214 63.22
12/19 1116 Sam's Janitorial Services, Inc. 175.00 Repairs and Maintenance Expense 6217 175.00
12/20 1117 Metro National Bank 29,400.00 Cash Dividends Payable 2118 29,400.00
12/24 1118 Payroll Bank Account 4,403.00 Salaries Payable 2112 4,403.00
12/24 1119 Metro National Bank 2,290.00 FICA Tax Payable 2114 868.00
Employees' income tax payable 2113 1,422.00
12/31 1120 Petty Cash Fund 312.49 Store Supplies 1117 142.99
Office Supplies 1118 152.27
Freight In 5115 17.23

7,483.00 2,030.00 40.60 69,405.80 59,933.40

(5112) (2111) (5114) (1111)
 CASH RECEIPTS JOURNAL PAGE 1
POST OTHER SALES-- SALES-- ACCOUNTS SALES SALES
DATE ACCOUNT CREDITED REF. ACCOUNTS COMPUTERS PERIPHERALS RECEIVABLE DISCOUNT CASH SERVICING
CR. CR. CR. CR. DR. DR. CREDIT
12/1 Shore Properties, Inc 3,200.00 64.00 3,136.00
12/3 Sales 7,357.00 10,432.00 17,789.00
12/6 Kenya & Sons Developers 2,100.00 42.00 2,058.00
12/6 Silk Preparatory School 4,100.00 82.00 4,018.00
12/7 Johnson Construction Company 5,700.00 114.00 5,586.00
12/9 Orlando Professional Plaza 749.00 749.00
12/9 Office Staples (Return of goods) 130.00 130.00
12/10 Sales 6947.00 783.00 8677.00 947.00
12/12 Mark Taylor, JD 1,737.00 1,737.00
12/12 McBooks Bookstore 1,424.00 28.48 1,395.52
12/12 Botero Exporters 5,475.00 109.50 5,365.50
12/14 Common Stock 230,000.00 230,000.00
12/17 Shore Properties, Inc. 979.00 979.00
12/17 Sales 7,492.00 1,532.00 9,761.00 737.00
12/18 McBooks Bookstore 1,550.00 31.00 1,519.00
12/24 Sales 6,421.00 1,327.00 7,748.00
12/31 Sales 1,573.00 679.00 2,252.00

230,130.00 29,790.00 14,753.00 27,014.00 470.98 302,900.02 1,684.00

(4111) (4112) (1113) (4115) (1111)
 General Journal page 1
Date Description Post Ref. Debit Credit

12/6 Cash Dividends 3117 $ 29,400.00

Cash Dividends Payable 2118 29,400.00

12/10 Sales Salaries Expense 6111 3,590.00

Offices' Salaries Expense 6211 2,000.00
Office Salaries Expense 6212 585.00
Salaries Payable 2112 3,892.75
Income Tax Payable 2113 1,850.00
FICA Tax Payable 2114 432.25

12/10 Payroll Tax Expense 6213 619.89

FICA Tax Payable 2114 432.25
State Unemployment tax Payable 2115 168.22
Federal Unemployment tax Payable 2116 19.42

12/14 Cash 1111 230,000.00

Common Stock 3112 100,000.00
Paid-In Captial in Excess of Par - Common Stock 3113 130,000.00

12/20 Cash Dividends Payable 2118 29,400.00

Cash 1111 29,400.00

12/24 Sales Salaries Expense 6111 3,674.00

Offices' Salaries Expense 6211 2,000.00
Office Salaries Expense 6212 585.00
Salaries Payable 2112 4,403.00
Income Tax Payable 2113 1,422.00
FICA Tax Payable 2114 434.00

12/24 Payroll Tax Expense 6213 540.17

FICA Tax Payable 2114 434.00
State Unemployment tax Payable 2115 92.75
Federal Unemployment tax Payable 2116 13.42

12/31 Cash 1111 312.49

Store Supplies Expense 6114 142.99
Office Supplies Expense 6221 152.27
Freight in 5115 17.23

12/31 Uncollectible Accounts Expense 6220 1,327.00

Allowance for Doubtful Accounts 1114 1,327.00

12/31 Purchases-Computers 5111 26,852.59

Merchandise Inventory-Computers 1115 26,852.59
12/31 Purchases-Peripherals 5112 3,638.25
Merchandise Inventory-Peripherals 1116 3,638.25

12/31 Store Supplies Expense 6114 1,902.60

Store Supplies 1117 1,902.60

12/31 Office Suppplies Expense 6221 566.85

Office Supplies 1118 566.85

12/31 Insurance Expense 6219 3,275.00

Prepaid Insurance 1119 3,275.00

12/31 Depreciation Expense-Building 6215 16,750.00

Accumulated Depreciation-Building 1213 16,750.00

12/31 Depreciation Expense-Office Equipment 6216 3,111.00

Accumulated Depreciation-Office Equipment 1215 3,111.00

12/31 Depreciation Expense-Store Equipment 6113 247.00

Accumulated Depreciation-Store Equipment 1217 247.00

12/31 Sales Salaries Expenses 6111 3,147.00

Officers' Salaries Expense 6211 1,500.00
Office Salaries Expense 6212 220.00
Salaries Payable 2112 4,867.00

12/31 Income Summary 3118 907,902.15

Sales Returns and Allowances 4114 398.53
Sales Discounts 4115 2,428.61
Purchases-Computers 5111 448,627.56
Purchases-Peripherals 5112 221,232.04
Freight In 5115 960.70
Sales Salaries Expenses 6111 74,164.00
Advertising Expense 6112 25,748.00
Depreciation Expense-Store Equipment 6113 448.00
Store Supplies Expense 6114 1,902.60
Officers' Salaries Expense 6211 49,500.00
Office Salaries Expense 6212 14,260.00
Payroll TaxesExpense 6213 14,413.98
Utilities Expense 6214 7,502.88
Depreciation Expense-Building 6215 16,750.00
Depreciation Expense-Office Equipment 6216 3,213.00
Repairs and Maintenance Expense 6217 5,089.00
Property Tax Expense 6218 9,672.40
Insurance Expense 6219 3,275.00
Uncollectible Accounts Expense 6220 1,327.00
Office Suppplies Expense 6221 566.85
Professional Fees Expense 6222 1,422.00
Interest Expense 7111 5,000.00
12/31 Sales-Computers 4111 422,236.00
Sales-Peripherals 4112 438,406.00
Sales-Computer Servicing 4113 126,666.00
Purchases Returns & Allowances 5113 273.00
Purchases Discounts 5114 1,016.02
Income Summary 3118 988,597.02

12/31 Retained Earnings 3116 44,100.00

Cash Dividends 3117 44,100.00

12/31 Income Summary 3118 80,694.87

Retained Earnings 3116 80,694.87

2,386,537.88 2,386,537.88
 PURCHASES JOURNAL Page 1
ACCOUNTS Purch. -- Purch. -- STORE OFFICE OTHER ACCOUNTS DR.
DATE ACCOUNT CREDITED PAYABLE COMPUTERS PERIPHERALS SUPPLIES SUPPLIES POST AMOUNT
CR. DR. DR. DR. DR. ACCOUNT REF.
12/2 Chung Store Supplies & Equipment 395.00 395.00
12/3 Wee, Cheatum & Howe, Attorneys 747.00 Professional fees Expense 6222 747.00
12/3 Computer Supply, Inc. 7,449.00 7,449.00
12/3 Computer Supply, Inc. 3,468.00 3,468.00
12/6 Office Staples 2,099.00 1,234.00 865.00
12/14 Southeast Computers 9,310.00 9,310.00

23,468.00 16,759.00 3,468.00 1,629.00 865.00 747.00

(2111) (5111) (5112) (1117) (1118) (6222)
 Wizzard Computer Sales and Service $ - $ - $ - $ (80,694.87) $ 80,694.87
Work Sheet $ 1,775,429.58 $ 1,775,429.58 $ 62,537.29 $ 62,537.29 $ 1,801,731.58 $ 1,801,731.58 $ 907,902.15 $ 988,597.02 $ 893,829.43 $ 813,134.56
For The Month Ended Dec 31, 2005 Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet
Accounts Type Account Title Account Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit
Balance Sheet current assets Cash 1111 $ 382,866.77 $ 382,866.77 $ 382,866.77
Balance Sheet current assets Petty Cash 1112 $ 400.00 $ 400.00 $ 400.00
Balance Sheet current assets Accounts Receivable 1113 $ 22,529.00 $ 22,529.00 $ 22,529.00
Balance Sheet current assets Allowance for Doubtful Accounts 1114 $ 1,232.00 $ 1,327.00 $ 2,559.00 $ 2,559.00
Balance Sheet current assets Merchandise Inventory-Computers 1115 $ 150,732.00 $ 26,852.59 $ 123,879.41 $ 123,879.41
Balance Sheet current assets Merchandise Inventory-Peripherals 1116 $ 100,997.47 $ 3,638.25 $ 97,359.22 $ 97,359.22
Balance Sheet current assets Store Supplies 1117 $ 4,670.99 $ 1,902.60 $ 2,768.39 $ 2,768.39
Balance Sheet current assets Office Supplies 1118 $ 1,160.27 $ 566.85 $ 593.42 $ 593.42
Balance Sheet current assets Prepaid Insurance 1119 $ 10,733.00 $ 3,275.00 $ 7,458.00 $ 7,458.00
Balance Sheet Plant Assets Land 1211 $ 40,000.00 $ 40,000.00 $ 40,000.00
Balance Sheet Plant Assets Building 1212 $ 150,000.00 $ 150,000.00 $ 150,000.00
Balance Sheet Plant Assets Accumulated Depreciation-Building 1213 $ 22,479.00 $ 16,750.00 $ 39,229.00 $ 39,229.00
Balance Sheet Plant Assets Office Equipment 1214 $ 20,313.22 $ 20,313.22 $ 20,313.22
Balance Sheet Plant Assets Accumulated Depreciation-Office Equipment 1215 $ 4,792.00 $ 3,111.00 $ 7,903.00 $ 7,903.00
Balance Sheet Plant Assets Store Equipment 1216 $ 1,562.00 $ 1,562.00 $ 1,562.00
Balance Sheet Plant Assets Accumulated Depreciation-Store Equipment 1217 $ 947.00 $ 247.00 $ 1,194.00 $ 1,194.00
Balance Sheet Current Liabilities Accounts Payable 2111 $ 30,882.00 $ 30,882.00 $ 30,882.00
Balance Sheet Current Liabilities Salaries Payable 2112 $ - $ 4,867.00 $ 4,867.00 $ 4,867.00
Balance Sheet Current Liabilities Employees' Fed Income Tax Payable 2113 $ - $ - $ -
Balance Sheet Current Liabilities FICA Tax Payable 2114 $ - $ - $ -
Balance Sheet Current Liabilities State Unemployment Tax Payable 2115 $ 260.97 $ 260.97 $ 260.97
Balance Sheet Current Liabilities Federal Unemployment Tax Payable 2116 $ 32.84 $ 32.84 $ 32.84
Balance Sheet Current Liabilities Cash Dividends Payable 2118 $ - $ - $ -
Balance Sheet Current Liabilities Interest Payable 2119
Balance Sheet Long Term Liability Notes Payable 2211 $ 50,000.00 $ 50,000.00 $ 50,000.00
Balance Sheet Owners Equity Preferred Stock, $100 Par 3111 $ 80,000.00 $ 80,000.00 $ 80,000.00
Balance Sheet Owners Equity Common Stock $10 Par 3112 $ 370,000.00 $ 370,000.00 $ 370,000.00
Balance Sheet Owners Equity Paid-In Capitol in Excess of Par-Common Stk. 3113 $ 180,000.00 $ 180,000.00 $ 180,000.00
Balance Sheet Owners Equity Retained Earnings 3116 $ 46,206.75 $ 46,206.75 $ 46,206.75
Balance Sheet Owners Equity Cash Dividends 3117 $ 44,100.00 $ 44,100.00 $ 44,100.00
Balance Sheet Owners Equity Income Summary 3118 $ - $ - $ -
Income Statement Sales Sales-Computers 4111 $ 422,236.00 $ 422,236.00 $ 422,236.00
Income Statement Sales Sales-Peripherals 4112 $ 438,406.00 $ 438,406.00 $ 438,406.00
Income Statement Sales Sales-Computer Servicing 4113 $ 126,666.00 $ 126,666.00 $ 126,666.00
Income Statement Sales Sales Returns and Allowances 4114 $ 398.53 $ 398.53 $ 398.53
Income Statement Sales Sales Discounts 4115 $ 2,428.61 $ 2,428.61 $ 2,428.61
Income Statement Purchases Purchases-Computers 5111 $ 421,774.97 $ 26,852.59 $ 448,627.56 $ 448,627.56
Income Statement Purchases Purchases-Peripherals 5112 $ 217,593.79 $ 3,638.25 $ 221,232.04 $ 221,232.04
Income Statement Purchases Purchases Returns & Allowances 5113 $ 273.00 $ 273.00 $ 273.00
Income Statement Purchases Purchases Discounts 5114 $ 1,016.02 $ 1,016.02 $ 1,016.02
Income Statement Purchases Freight In 5115 $ 960.70 $ 960.70 $ 960.70
Income Statement Selling Expense Sales Salaries Expenses 6111 $ 71,017.00 $ 3,147.00 $ 74,164.00 $ 74,164.00
Income Statement Selling Expense Advertising Expense 6112 $ 25,748.00 $ 25,748.00 $ 25,748.00
Income Statement Selling Expense Depreciation Expense-Store Equipment 6113 $ 201.00 $ 247.00 $ 448.00 $ 448.00
Income Statement Selling Expense Store Supplies Expense 6114 $ 1,902.60 $ 1,902.60 $ 1,902.60
Income Statement General Expense Officers' Salaries Expense 6211 $ 48,000.00 $ 1,500.00 $ 49,500.00 $ 49,500.00
Income Statement General Expense Office Salaries Expense 6212 $ 14,040.00 $ 220.00 $ 14,260.00 $ 14,260.00
Income Statement General Expense Payroll TaxesExpense 6213 $ 14,413.98 $ 14,413.98 $ 14,413.98
Income Statement General Expense Utilities Expense 6214 $ 7,502.88 $ 7,502.88 $ 7,502.88
Income Statement General Expense Depreciation Expense-Building 6215 $ - $ 16,750.00 $ 16,750.00 $ 16,750.00
Income Statement General Expense Depreciation Expense-Office Equipment 6216 $ 102.00 $ 3,111.00 $ 3,213.00 $ 3,213.00
Income Statement General Expense Repairs and Maintenance Expense 6217 $ 5,089.00 $ 5,089.00 $ 5,089.00
Income Statement General Expense Property Tax Expense 6218 $ 9,672.40 $ 9,672.40 $ 9,672.40
Income Statement General Expense Insurance Expense 6219 $ 3,275.00 $ 3,275.00 $ 3,275.00
Income Statement General Expense Uncollectible Accounts Expense 6220 $ 1,327.00 $ 1,327.00 $ 1,327.00
Income Statement General Expense Office Suppplies Expense 6221 $ 566.85 $ 566.85 $ 566.85
Income Statement General Expense Professional Fees Expense 6222 $ 1,422.00 $ 1,422.00 $ 1,422.00
Income Statement Other Expense Interest Expense 7111 $ 5,000.00 $ 5,000.00 $ 5,000.00
$ 1,775,429.58 $ 1,775,429.58 $ 62,537.29 $ 62,537.29 $ 1,801,731.58 $ 1,801,731.58 $ 907,902.15 $ 988,597.02 $ 893,829.43 $ 813,134.56
$ - $ - $ - $ 80,694.87 $ 80,694.87 $ -
$ 988,597.02 $ 988,597.02 $ 893,829.43 $ 893,829.43 off
correct
Schedule of Accounts Receivable page 1
Account Post Ref. Debit Credit

Akins Builders AR1 527.00

Ortega Investments AR1 15,620.00

Shore Properties, Inc. AR1 -

Aurther Gotts, CPA AR1 521.00

McBooks Bookstore AR1 -

Johnson Construction Company AR1 -

Kenya & Sons Developers AR1 4,319.00

Botero Exporters AR1 -

Orlando Professional Plaza AR1 -

Silk Preparatory School AR1 -

Page & Associates AR1 1,542.00

Mark Taylor, JD AR1 -

- 22,529.00
 Wizard Computer Sales & Services, Inc.
Income Statement
For the Month Ended December 20--
Sales-Computers 422,236.00
Sales-Peripherals 438,406.00
Sales-Computer Servicing 126,666.00
Earnings 987,308.00
Expenses:
Sales Returns and Allowances 398.53
Sales Discounts 2,428.61
Purchases-Computers 448,627.56
Purchases-Peripherals 221,232.04
Purchases Returns & Allowances (273.00)
Purchases Discounts (1,016.02)
Freight In 960.70
Sales Salaries Expenses 74,164.00
Advertising Expense 25,748.00
Depreciation Expense-Store Equipment 448.00
Store Supplies Expense 1,902.60
Officers' Salaries Expense 49,500.00
Office Salaries Expense 14,260.00
Payroll TaxesExpense 14,413.98
Utilities Expense 7,502.88
Depreciation Expense-Building 16,750.00
Depreciation Expense-Office Equipment 3,213.00
Repairs and Maintenance Expense 5,089.00
Property Tax Expense 9,672.40
Insurance Expense 3,275.00
Uncollectible Accounts Expense 1,327.00
Office Suppplies Expense 566.85
Professional Fees Expense 1,422.00
Interest Expense 5,000.00
Total Expenses 906,613.13
Net Income 80,694.87
 Wizard Computer Sales & Services, Inc.
Retained Earnings Statement
For the Year Ended December 20--

Retained Earnings December 1st 46,206.75

Net Income for December 80,694.87
Less Dividends:
Common stock 44,100.00 44,100.00
Increase in retained earnings 36,594.87
Retained Earnings, December 31st 82,801.62
 Wizard Computer Sales & Services, Inc.
Balance Sheet
For the Month Ended December 20--
Assets Liabilities
Current Assets: Current Liabilities:
Cash 382,866.77 Accounts Payable 30,882.00
Petty Cash 400.00 Salaries Payable 4,867.00
Accounts Receivable 22,529.00 Employees' Fed Income Tax Payable -
Allowance for Doubtful Accounts (2,559.00) FICA Tax Payable -
Merchandise Inventory-Computers 123,879.41 State Unemployment Tax Payable 260.97
Merchandise Inventory-Peripherals 97,359.22 Federal Unemployment Tax Payable 32.84
Store Supplies 2,768.39 Cash Dividends Payable -
Office Supplies 593.42 Long Term Liabilities:
Prepaid Insurance 7,458.00 Notes Payable 50,000.00
Total Current assets 635,295.21 Total Liabilities 86,042.81
Property, Plant, and equipment:
Land 40,000.00
Building 150,000.00
Accumulated Depreciation-Building (39,229.00) Stockholders' Equity
Office Equipment 20,313.22 Preferred Stock, $100 Par 80,000.00
Accumulated Depreciation-Office Equipment (7,903.00) Common Stock $10 Par 370,000.00
Store Equipment 1,562.00 Paid-In Capitol in Excess of Par-Common Stk. 180,000.00
Accumulated Depreciation-Store Equipment (1,194.00) Retained Earnings 82,801.62
Total Property, Plant, and equipment 163,549.22 Total Equity 712,801.62
Total Assets 798,844.43 Total Liabilities and Equity 798,844.43
 Wizzard Computer Sales and Service $ - $ -
Work Sheet $ 1,801,731.58 $ 1,801,731.58 $ 849,729.43 $ 849,729.43
For The Month Ended Dec 31, 2005 Adjusted Trail Balance Closing Adjustments Post Closing Trial Balance
Type Account Title Account Debit Credit Debit Credit Debit Credit
current assets Cash 1111 $ 382,866.77 $ 382,866.77
current assets Petty Cash 1112 $ 400.00 $ 400.00
current assets Accounts Receivable 1113 $ 22,529.00 $ 22,529.00
current assets Allowance for Doubtful Accounts 1114 $ 2,559.00 $ 2,559.00
current assets Merchandise Inventory-Computers 1115 $ 123,879.41 $ 123,879.41
current assets Merchandise Inventory-Peripherals 1116 $ 97,359.22 $ 97,359.22
current assets Store Supplies 1117 $ 2,768.39 $ 2,768.39
current assets Office Supplies 1118 $ 593.42 $ 593.42
current assets Prepaid Insurance 1119 $ 7,458.00 $ 7,458.00
Plant Assets Land 1211 $ 40,000.00 $ 40,000.00
Plant Assets Building 1212 $ 150,000.00 $ 150,000.00
Plant Assets Accumulated Depreciation-Building 1213 $ 39,229.00 $ 39,229.00
Plant Assets Office Equipment 1214 $ 20,313.22 $ 20,313.22
Plant Assets Accumulated Depreciation-Office Equipment 1215 $ 7,903.00 $ 7,903.00
Plant Assets Store Equipment 1216 $ 1,562.00 $ 1,562.00
Plant Assets Accumulated Depreciation-Store Equipment 1217 $ 1,194.00 $ 1,194.00
Current Liabilities Accounts Payable 2111 $ 30,882.00 $ 30,882.00
Current Liabilities Salaries Payable 2112 $ 4,867.00 $ 4,867.00
Current Liabilities Employees' Fed Income Tax Payable 2113 $ - $ -
Current Liabilities FICA Tax Payable 2114 $ - $ -
Current Liabilities State Unemployment Tax Payable 2115 $ 260.97 $ 260.97
Current Liabilities Federal Unemployment Tax Payable 2116 $ 32.84 $ 32.84
Current Liabilities Cash Dividends Payable 2118 $ - $ -
Current Liabilities Interest Payable 2119
Long Term Liability Notes Payable 2211 $ 50,000.00 $ 50,000.00
Owners Equity Preferred Stock, $100 Par 3111 $ 80,000.00 $ 80,000.00
Owners Equity Common Stock $10 Par 3112 $ 370,000.00 $ 370,000.00
Owners Equity Paid-In Capitol in Excess of Par-Common Stk. 3113 $ 180,000.00 $ 180,000.00
Owners Equity Retained Earnings 3116 $ 46,206.75 $ 82,801.62
Owners Equity Cash Dividends 3117 $ 44,100.00 $ 44,100.00 $ -
Owners Equity Income Summary 3118 $ 907,902.15 $ 988,597.02
Sales Sales-Computers 4111 $ 422,236.00 $ 422,236.00
Sales Sales-Peripherals 4112 $ 438,406.00 $ 438,406.00
Sales Sales-Computer Servicing 4113 $ 126,666.00 $ 126,666.00
Sales Sales Returns and Allowances 4114 $ 398.53 $ 398.53
Sales Sales Discounts 4115 $ 2,428.61 $ 2,428.61
Purchases Purchases-Computers 5111 $ 448,627.56 $ 448,627.56
Purchases Purchases-Peripherals 5112 $ 221,232.04 $ 221,232.04
Purchases Purchases Returns & Allowances 5113 $ 273.00 $ 273.00
Purchases Purchases Discounts 5114 $ 1,016.02 $ 1,016.02
Purchases Freight In 5115 $ 960.70 $ 960.70
Selling Expense Sales Salaries Expenses 6111 $ 74,164.00 $ 74,164.00
Selling Expense Advertising Expense 6112 $ 25,748.00 $ 25,748.00
Selling Expense Depreciation Expense-Store Equipment 6113 $ 448.00 $ 448.00
Selling Expense Store Supplies Expense 6114 $ 1,902.60 $ 1,902.60
General Expense Officers' Salaries Expense 6211 $ 49,500.00 $ 49,500.00
General Expense Office Salaries Expense 6212 $ 14,260.00 $ 14,260.00
General Expense Payroll TaxesExpense 6213 $ 14,413.98 $ 14,413.98
General Expense Utilities Expense 6214 $ 7,502.88 $ 7,502.88
General Expense Depreciation Expense-Building 6215 $ 16,750.00 $ 16,750.00
General Expense Depreciation Expense-Office Equipment 6216 $ 3,213.00 $ 3,213.00
General Expense Repairs and Maintenance Expense 6217 $ 5,089.00 $ 5,089.00
General Expense Property Tax Expense 6218 $ 9,672.40 $ 9,672.40
General Expense Insurance Expense 6219 $ 3,275.00 $ 3,275.00
General Expense Uncollectible Accounts Expense 6220 $ 1,327.00 $ 1,327.00
General Expense Office Suppplies Expense 6221 $ 566.85 $ 566.85
General Expense Professional Fees Expense 6222 $ 1,422.00 $ 1,422.00
Other Expense Interest Expense 7111 $ 5,000.00 $ 5,000.00
$ 1,801,731.58 $ 1,801,731.58 $ 988,597.02 $ 907,902.15 $ 849,729.43 $ 849,729.43
$ - $ 80,694.87 $ -
 Wizard Computer Sales & Services, Inc.
Post Closing Trial Balance
For the Month Ended December 20--
Debit Credit
Balances Balances
Cash 382,866.77
Petty Cash 400.00
Accounts Receivable 22,529.00
Merchandise Inventory-Computers 123,879.41
Merchandise Inventory-Peripherals 97,359.22
Store Supplies 2,768.39
Office Supplies 593.42
Prepaid Insurance 7,458.00
Land 40,000.00
Building 150,000.00
Office Equipment 20,313.22
Store Equipment 1,562.00
Allowance for Doubtful Accounts 2,559.00
Accumulated Depreciation-Office Equipment 39,229.00
Accumulated Depreciation-Office Equipment 7,903.00
Accumulated Depreciation-Store Equipment 1,194.00
Accounts Payable 30,882.00
Salaries Payable 4,867.00
State Unemployment Tax Payable 260.97
Federal Unemployment Tax Payable 32.84
Notes Payable 50,000.00
Preferred Stock, $100 Par 80,000.00
Common Stock $10 Par 370,000.00
Paid-In Capitol in Excess of Par-Common Stk. 180,000.00
Retained Earnings 82,801.62
Totals 849,729.43 849,729.43