NE Company FINAL TRIAL BALANCE, JANUARY 31, 2005 GENERAL LEDGER Page 3 Account Name GL Account Number Debit Credit Balance forward 905,418.61 909, 165.67 Utilities 6045 597.00 Travel & Entertainment 6050 70.00 6060 870.00 Office Supplies Leases-Equipment 6065 310.00 Bank Charges & Interest 6070 150.00 Professional Fees 6080 250.00 Depreciation 6090 689.00 Property Taxes 6100 171.00 Insurance 6110 300.00 Fees & Dues 6120 340.00 TOTAL 909.165.61 909.165.61 # States Account Name G/L Account Number Debit Credit Balance forward 780,656.03 Provincial Sales Tax Payable 142,099.37 3,210.05 2065 2070 GST Input Tax Credits Receivable GST Payable 1,818.61 2071 2,817.09 Payroll Clearing 2075 Long-Term Debt 2110 165,000.00 3010 552,314.10 Sally Gosling, Capital Sally Gosling, Drawings 3020 100,000.00 Sales 4000 40,725.00 Sales Returns & Allowances 4010 1,289.00 Sales Discounts 4020 752.00 Interest Revenue 4100 Purchases 5000 18,000.00 Purchase Returns & Allowances 5010 1,200.00 Purchase Discounts 5020 1,800.00 Salaries and Wages 6010 1.445.89 Employer's Payroll Deductions 6020 95.08 Rent 6030 800.00 Repairs & Maintenance 6040 562.00 Balance forward 905,418.61 909, 165.61 Page 1 Account Name G/L Account Number Debit Credit Petty Cash 1005 100.00 Bank 1010 7,702.56 Accounts Receivable 1020 36,959.85 Inventory 1030 132,675.00 Prepaid Expenses 1040 3,362.62 245,000.00 Land 1110 1115 150,000.00 1116 50,312.50 Buildings Accumulated Depreciation-Buildings Equipment Accumulated Depreciation-Equipment 180,956.00 1118 41,174.88 Automotive 1130 23,900.00 Accumulated Depreciation-Automotive 1131 12.196.40 Accounts Payable 2010 3,210.00 1.960.00 Accrued Expenses 2020 Bank Loans Payable 2050 32,000.00 2050 Employment Insurance Payable 301.34 CPP Payable 2055 217.80 Employees Income Tax Payable 2060 654.45 Employees Health Care Payable 2063 72.00 Balance forward 780,656.03 142,099 37 Financial Statements Based on NE Company's Final Trial Balance at January 31, 2005 that follows, prepare an Income Statement, a Balance Sheet and a Statement of Owner's Equity for the month ended January 31, 2005