Cloud Break Consulting Inc Unadjusted Trial Balance 30-Jun-08 Unadjusted Trial Balance Dr. Cr. Dr.

$131,000 104000 4000 27000 45000 300000 155000 159000 40000 50000 52000 7000 450000 0 255000 25000 0 8000 $906,000 12000 3750 9000 3000 $906,000 $57,750 $57,750 15000 Adjustments Cr. 15000 3000 9000

Cash Accounts Receivable Supplies Prepaid Rent Land Building Accumulated Depreciation - Building Accounts Payable Salary Payable Unearned Services Revenue Common Stock Retained Earnings Dividends Service Revenue Depreciation Expense Salary Expense Rent Expense Supplies Expense Miscellaneous Expense Total

12000 3750 30000

Dr.

Adjusted Trial Balance Cr. $131,000 89000 1000 18000 45000 300000 167000 159000 3750 10000 50000 52000 7000 465000 12000 258750 34000 3000 8000 $ 906,750 $ 906,750

Assets Cash 131000

Liabilities Accounts Payable

Balance

131000 Accounts Receivable 104000

Balance Unearned Services Revenue 30000

15000

Balance

89000

Balance

10000

Supplies 4000 3000 Balance 1000 Prepaid Rent 27000 Balance

Salary Payable

9000

Balance

18000 Land 45000

Balance

45000

Building 300000

Balance

300000

Accumulated Depreciation - Building 155000 12000

Balance

167000

Liabilities Accounts Payable 159000

Equity Common Stock 50000

159000

Balance Retained Earnings

50000

nearned Services Revenue 40000

52000

Balance

52000

Salary Payable 3750

Dividends 7000

3750

Balance

7000 Service Revenue 15000

450000 30000 465000

Balance Salary Expense 255000 3750

Balance

258750

Rent Expense 25000 9000 Balance 34000

Miscellaneous Expense 8000

8000

Depreciation Expense - Building 12000

Balance

12000

Supplies Expense 3000

Balance

3000

Date Jun. 30

Account Title And Explanation Supplies Expense Supplies To Record Supplies Used Rent Expense Prepaid Rent To Record Expired Rent Expense Depreciation Expense - Building Accumulated Depreciation - Building To Record Building Depreciation Salary Expense Salary Payable To Record 4 Days of Accrued Salary Service Revenue Accounts Receivable To Record Earned Revenue Unearned Service Revenue Service Revenue To Record Services Provided Service Revenue Income Summary To Close Revenue Accounts Income Summary Depreciation Expense Salary Expense Rent Expense Supplies Expense Miscellaneous Expense To Close Expense Accounts Income Summary Retained Earnings To Close Income Summary Account Retained Earnings Dividends To Close Dividends Account

PR

Jun. 30

Jun. 30

Jun. 30

Jun. 30

Jun. 30

Jun. 30

Jun. 30

Jun. 30

Jun. 30

Debit 3,000

Credit 3,000

9000 9000

12000 12000

3750 3750

15000 15000

30000 30000

465000 465000

315750 12000 258750 34000 3000 8000

149250 149250

7000 7000

Expense Accounts Salary Expense 258750 Balance Rent Expense 34000 Miscellaneous Expense 8000 Depreciation Expense - Building 12000 Supplies Expense 3000 Balance 315750 Balance Balance

Revenue Accounts Service Revenues 465000 465000

Income Summary 315750

Dividends

Retained Earnings 7000 194250

Balance

Revenue Accounts Service Revenues

Income Summary 465000 149250

Dividends 7000 7000

Retained Earnings 52000 149250

Cloud Break Consulting, Inc. Income Statement For Month Ended June 30, 2008 Revenues Service Revenue Total Revenues Expenses Depreciation Expense Salary Expense Rent Expense Supplies Expense Miscellaneous Expense Total Expenses Net Income $ 465,000 $ 12000 258750 34000 3000 8000 315750 $149,250 465,000

Cloud Break Consulting, Inc. Balance Sheet June 30, 2008 Assets Cash Accounts Receivable Supplies Prepaid Rent Land Building Less Accumulated Depreciation - Building Total Assets $131,000 89000 1000 18000 45000 $ 300,000 167000 133000 $417,000

Liabilities Accounts Payable Salary Payable Unearned Services Revenue Total Liabilities Equity Common Stock Retained Earnings Total Equity Total Liabilities and Equity 50000 194250 244,250.0 $417,000 $ 159,000 3750 10000 172,750

Cloud Break Consulting, Inc. Statement of Retained Earnings For Month Ended June 30, 2008 Retained Earnings, June 1 Plus: Net Income Less: Dividends Retained Earnings, June 30, 2008

$52,000 149,250 201250 7000 $194,250