The attached is from one of our clients and this is work you would be expected to complete in your first six months.

Instructions:

With the attached information you will need to prepare the following:

(1) Comparative Balance Sheets as of 12/31/14 (2) Income statements for the year ending 12/31/14 (3) Statement of cash flow for the year ended 12/31/14 In addition, you will need to prepare a prepaid expense schedule based on the transactions provided.

ABC Company
Trial Balance
As of December 31, 2014
	Debit	Credit
Cash - Square 1 Checking (6238)	411,028.12
Accounts Receivable	496,691.50
Loans to Stockholders	20,067.15
Prepaid Expenses	73,276.73
Computers	64,520.69
Computers:Accumulated Depreciation - Computers		30,549.75
Furniture	14,877.57
Furniture:Accumulated Depreciation - Furniture		5,201.84
Security Deposits	3,949.96
Accounts Payable		148,882.28
Square 1 Credit Card(NE)		2,744.00
Square1 Credit Card (LH)		25,270.64
Accrued Commissions		43,354.98
Accrued Expenses		134,078.26
D&O Loan Payable		2,499.84
Unearned Revenue		1,197,249.02
Warrant liability		8,904.00
Convertible Notes Payable		1,570,002.13
Additional Paid In Capital		902,114.80
Common Stock		320.07
Opening Balance Equity		1.00
Preferred Stock		3,136,589.32
Retained Earnings	3,460,387.72
Software Configuration Consulting		114,157.97
Software License		1,205,524.53
Training		322,676.00
Computer services/Supplies - Production	41,175.19
Health Benefits - Production	5,021.83
Meals and Entertainment - Production	59.95
Payroll Taxes - Production	12,640.18
Payroll Wages - Production	135,530.70
Production Costs	26,612.59
Stock Based Compensation	2.92
Travel - Production	183.36
Product Development:Contractor - Product Development	161,465.07
Product Development:Health Benefits - Product Development	61,712.86
Product Development:meals and entertainment	1,455.03
Product Development:Payroll Taxes - Product Development	62,305.54
Product Development:Payroll Wages - Product Development	786,499.78
Product Development:Stock Based Compensation	1,208.30
Product Development:Travel	2,476.77
Sales & Marketing:Advertising - Sales & Marketing	8,637.14
Sales & Marketing:Commissions & Fees - Sales & Marketing	247,821.34
Sales & Marketing:Computer services/Supplies	45,268.40
Sales & Marketing:Consultant	47,203.55
Sales & Marketing:Dues & subscriptions	43,516.15
Sales & Marketing:Health Benefits - Sales & Marketing	38,765.91
Sales & Marketing:Meals & Entertainment - Sales & Marketing	17,369.38
Sales & Marketing:Office Supplies	2,258.62
Sales & Marketing:Payroll Taxes - Sales & Marketing	85,332.21
Sales & Marketing:Payroll Wages - Sales & Marketing	823,736.51
Sales & Marketing:Promotional - Sales & Marketing	2,519.00
Sales & Marketing:Public Relations - Sales & Marketing	46,813.16
Sales & Marketing:Stationary and Printing - Sales & Marketing	9,444.59
Sales & Marketing:Stock Based Compensation	2,762.63
Sales & Marketing:Trade Show / Conferences- Sales & Marketing	84,495.14
Sales & Marketing:Travel - Sales & Marketing	61,046.00
General & Administrative:Advertising	2,791.21
General & Administrative:Bank Charges	20,346.70
General & Administrative:Business Gift	7,471.11
General & Administrative:Computer services/supplies	82,463.24
General & Administrative:Contractors	425,836.49
General & Administrative:Dues & Subscriptions	1,670.95
General & Administrative:Health Benefits	19,306.74
General & Administrative:Insurance	19,683.47
General & Administrative:Legal & Professional Fees	117,831.28
General & Administrative:Meals and Entertainment	54,005.12
General & Administrative:Occupancy Fees/Taxes	6,650.73
General & Administrative:Office Expenses	6,420.74
General & Administrative:Office Parking	4,720.94
General & Administrative:Office Supplies	21,096.94
General & Administrative:Payroll Fees	37,599.53
General & Administrative:Payroll Taxes - General & Administrative	15,387.80
General & Administrative:Payroll Wages - General & Administrative	237,511.13
General & Administrative:Postage/Messenger/Delivery/Freight	5,570.87
General & Administrative:Recruiting	15,000.00
General & Administrative:Rent	112,169.26
General & Administrative:Repair & Maintenance	2,291.09
General & Administrative:Stationery & Printing	1,978.76
General & Administrative:Stock Based Compensation	20,024.31
General & Administrative:Taxes & Licenses	6,018.77
General & Administrative:Telephone	21,785.73
General & Administrative:Travel	72,559.58
Interest Earned		67.15
Other Income		2,951.20
Deferred Financing Costs	9,223.67
Depreciation	23,622.18
Interest Expense	63,428.20
Non-cash interest	8,533.00
TOTAL	$ 8,853,138.78	$ 8,853,138.78