11:13 AM

12/08/14
Accrual Basis

Nebo Pet Supply

Trial Balance
As of November 30, 2014
Nov 30, 14
Debit

1110 Mountainland Bank

1120 Petty Cash

157,274.97
100.00

1130 Account Receivable

41,544.97

1140 Merchandise Inventory

69,456.40

1150 Supplies (Office)

1,015.22

1160 Supplies (Store)

998.80

1170 Prepaid Liablility Insurance

1510 Equipment - Office

700.00
21,440.00

1520 Accumulated Depreciation - Offi

1530 Equipment - Store

Credit

3,573.30
11,189.19

1540 Accumulated Depreciation - Stor

1,708.33

2110 A ccounts Payable

26,938.76

2120 Sales Tax Payable

5,290.80

2125 Shareholder's Distri Payable

11,115.00

2130 Employee Income Tax Payable

7,401.09

2150 FICA Tax Payble

3,870.75

2160 Medicare Tax Payable

1,055.91

2170 FUTA - Federal Unemp Tax Payabl

244.43

2180 SUTA - State Unemp Tax Payable

59.78

2190 Health Insurance Premium Payabl

989.00

2200 Disability Insurance Payable

333.66

30000 Opening Balance Equity

0.00

3110 Capital Stock

105,000.00

3120 Retained Earnings

1,353.11

3130 Shareholder Distributions

6,215.00

3140 Income Summary

0.00

4110 Sales

463,160.42

4120 Cash Discounts

2,568.55

4130 Sales Returns & Allowances

6,513.72

49900 Uncategorized Income

5110 Purchases (Cost of Goods Sold)

0.00
208,728.31

5120 Purchases Discounts

2,703.53

5130 Purchase Returns & Allowances

5,946.26

6110 Advertising Expense

4,365.56

6120 Credit Card Fee Expense

2,292.55

6130 Depreciation Expense - Office

1,071.99

6140 Deprecitation Expense - Store

6150 Insurance Expense
6160 Miscellaneous Expense
6170 Payroll Taxes Expense
6173 Disability Insurance Expense

512.49
1,846.45
477.34
5,807.92
276.10

6175 Health Insurance Premium Expens

1,118.29

6178 Liability Insurance Expense

3,500.00

6180 Rent Expense

19,000.00

Page 1 of 4

11:13 AM
12/08/14
Accrual Basis

Nebo Pet Supply

Trial Balance
As of November 30, 2014
Nov 30, 14
Debit

6190 Salaries Expenses

59,783.54

6200 Supplies (Office) Expense

3,249.01

6210 Supplies (Store) Expense

2,131.75

6220 Utilities Expense

4,859.79

69800 Uncategorized Expenses

TOTAL

Credit

0.00
639,391.02

639,391.02

Page 2 of 4

11:22 AM
12/08/14
Accrual Basis

Nebo Pet Supply

Profit & Loss

January through December 2014
Jan - Dec 14

Income
49900 Uncategorized Income
Total Income

0.00
0.00

Cost of Goods Sold

5110 Purchases (Cost of Goods Sold)

208,728.31

5120 Purchases Discounts

-2,703.53

5130 Purchase Returns & Allowances

-5,946.26

Total COGS

Gross Profit

200,078.52

-200,078.52

Expense
6110 Advertising Expense

4,365.56

6120 Credit Card Fee Expense

2,292.55

6130 Depreciation Expense - Office

1,071.99

6140 Deprecitation Expense - Store

512.49

6150 Insurance Expense

6160 Miscellaneous Expense
6170 Payroll Taxes Expense
6173 Disability Insurance Expense

477.34
5,807.92
276.10

6175 Health Insurance Premium Expens

1,118.29

6178 Liability Insurance Expense

3,500.00

6180 Rent Expense

19,000.00

6190 Salaries Expenses

59,783.54

6200 Supplies (Office) Expense

3,249.01

6210 Supplies (Store) Expense

2,131.75

6220 Utilities Expense

4,859.79

69800 Uncategorized Expenses

Total Expense

Net Income

1,846.45

0.00
110,292.78

-310,371.30

Page 3 of 4

11:19 AM
12/08/14

Nebo Pet Supply

Statement of Cash Flows

January through December 2014
Jan - Dec 14

OPERATING ACTIVITIES
Net Income

-310,371.30

Adjustments to reconcile Net Income

to net cash provided by operations:
1130 Account Receivable

-41,544.97

1140 Merchandise Inventory

-69,456.40

1150 Supplies (Office)

-1,015.22

1160 Supplies (Store)

-998.80

1170 Prepaid Liablility Insurance

-700.00

2110 A ccounts Payable

26,938.76

2120 Sales Tax Payable

5,290.80

2125 Shareholder's Distri Payable

11,115.00

2130 Employee Income Tax Payable

7,401.09

2150 FICA Tax Payble

3,870.75

2160 Medicare Tax Payable

1,055.91

2170 FUTA - Federal Unemp Tax Payabl

244.43

2180 SUTA - State Unemp Tax Payable

59.78

2190 Health Insurance Premium Payabl

989.00

2200 Disability Insurance Payable

333.66

Net cash provided by Operating Activities

-366,787.51

INVESTING ACTIVITIES
1510 Equipment - Office
1520 Accumulated Depreciation - Offi
1530 Equipment - Store
1540 Accumulated Depreciation - Stor
Net cash provided by Investing Activities

-21,440.00
3,573.30
-11,189.19
1,708.33
-27,347.56

FINANCING ACTIVITIES
3110 Capital Stock
3120 Retained Earnings
3130 Shareholder Distributions
4110 Sales
4120 Cash Discounts
4130 Sales Returns & Allowances
Net cash provided by Financing Activities

Net cash increase for period

Cash at end of period

105,000.00
-1,353.11
-6,215.00
463,160.42
-2,568.55
-6,513.72
551,510.04

157,374.97

157,374.97

Page 4 of 4