4/11/2023

10:21 AM

Client: 4649T - TGS Cards USA Inc

Engagement: TY-2022 - TGS Cards USA Inc
Period Ending: 12/31/2022
Trial Balance: TB
Workpaper: Adjusting Journal Entries Report

Account Description W/P Ref Debit Credit

Adjusting Journal Entries JE # 1

To adjust for prior year activity

3605050100 RETAINED EARNINGS 149.00

5195300100 OFFICE SUPPLIES 149.00
Total 149.00 149.00

Adjusting Journal Entries JE # 2

To reverse Chase adjustment

5305050151 BANK CHARGES 175.00

1110056930 CHASE TG CARDS 000000775916379 175.00
Total 175.00 175.00

Adjusting Journal Entries JE # 3

To reclassify Home Depot

5195250151 CLEANING SUPPLIES 61.00

1330050100 VENDOR ADVANCE 61.00
Total 61.00 61.00

Adjusting Journal Entries JE # 4

To reclassify improvements paid by Thomas Greg & Sons USA

1516050152 LEASE HOLD IMPROVEMENTS BUILDING 305,000.00

1710120103 DEVELOPMENT PROJECTS 305,000.00
Total 305,000.00 305,000.00

Adjusting Journal Entries JE # 5

To reclassify office computer and equipment

1528050100 OFFICE AND COMPUTER EQUIPMENT 5,601.00

1520050100 MACHINERY AND EQUIPMENT PLANT 5,601.00
Total 5,601.00 5,601.00

Adjusting Journal Entries JE # 6

To reclassify Barnes CPT w/Reader

1528050100 OFFICE AND COMPUTER EQUIPMENT 14,500.00

1635050100 LICENSES PROGRAM 14,500.00
Total 14,500.00 14,500.00

Adjusting Journal Entries JE # 7

To record book depreciation

7460100100 MACHINERY AND EQUIPMENT DEPRECIATION 85,867.00

1592100100 ACCUM. DEPREC. MACHINERY AND EQUIPMENT 85,867.00
Total 85,867.00 85,867.00

Adjusting Journal Entries JE # 8

To record book depreciation

7460300100 FURNITURE AND FIXTURE OFFICE DEPRECIATION 4,264.00

1592300100 ACCUM. DEPREC. FURNITURE AND FIXTURE OFFICE 4,264.00
Total 4,264.00 4,264.00

Adjusting Journal Entries JE # 9

To record book depreciation

7460400100 IMPROVEMENTS DEPRECIATION 145,352.00

1592400100 ACCUM. DEPREC. IMPROVEMENTS 145,352.00
Total 145,352.00 145,352.00

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 4/11/2023
10:21 AM

Client: 4649T - TGS Cards USA Inc

Engagement: TY-2022 - TGS Cards USA Inc
Period Ending: 12/31/2022
Trial Balance: TB
Workpaper: Adjusting Journal Entries Report

Account Description W/P Ref Debit Credit

Adjusting Journal Entries JE # 10

To record amortization

7460500100 AMORTIZATION 40,768.00

1698309202 ACCUMULATED AMORTIZATION 40,768.00
Total 40,768.00 40,768.00

Adjusting Journal Entries JE # 11

To reclass related party loans

2205010101 ACCOUNTS PAYABLES OTHER 23,388.76

2315010100 LOAN PAYABLE RELATED PARTIES 23,388.76
Total 23,388.76 23,388.76

Adjusting Journal Entries JE # 12

To reclassify payroll fees to admin

7235950111 ADMON SERVICE 98.00

7205700152 UNEMPLOYMENT TAXES 98.00
Total 98.00 98.00

Adjusting Journal Entries JE # 13

To reclass sales tax

7395300151 COMPUTER SUPPLIES 5.00

7395950112 GENERAL SUPPLIES 1.00
7395950112 GENERAL SUPPLIES 334.00
5215150151 SALES TAXES 1.00
7315150151 SALES TAXES 339.00
Total 340.00 340.00

Adjusting Journal Entries JE # 14

To merge transportation accounts

7335500100 TRANSPORTATION 19.00

5135500100 TRANSPORTATION 19.00
Total 19.00 19.00

Adjusting Journal Entries JE # 15

To reclassify casino

7235950111 ADMON SERVICE 13.00

5295600100 CASINO AND RESTAURANT 13.00
Total 13.00 13.00

Adjusting Journal Entries JE # 16

To record $100k promissory note Gravity Group IND LLC dated 10/31/2022

2315010100 LOAN PAYABLE RELATED PARTIES 100,000.00

2700000100 NOTE PAYABLE - GRAVITY GROUP IND LLC 100,000.00
Total 100,000.00 100,000.00

Adjusting Journal Entries JE # 17

To record $200k promissory note TGS USA dated 10/31/2022

2315010100 LOAN PAYABLE RELATED PARTIES 200,000.00

2700000200 NOTE PAYABLE - THOMAS GREG & SONS USA LLC 200,000.00
Total 200,000.00 200,000.00

Adjusting Journal Entries JE # 18

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 4/11/2023
10:21 AM

Client: 4649T - TGS Cards USA Inc

Engagement: TY-2022 - TGS Cards USA Inc
Period Ending: 12/31/2022
Trial Balance: TB
Workpaper: Adjusting Journal Entries Report

Account Description W/P Ref Debit Credit

To record additional paid in capital (issued shares 100 at $0.001)

3115050100 COMMON STOCK 1,547,951.90

3600000100 ADDITIONAL PAID IN CAPITAL 1,547,951.90
Total 1,547,951.90 1,547,951.90

Adjusting Journal Entries JE # 19

To reverse accounts receivable other inccorectly recorded

2315010100 LOAN PAYABLE RELATED PARTIES 49,459.00

1380209000 ACCOUNTS RECEIVABLE OTHER 49,459.00
Total 49,459.00 49,459.00

Adjusting Journal Entries JE # 20

To reclass $34,500 (legal fees) from total capital of $504,500 (including 100k loan)
received from pther investor
2315010100 LOAN PAYABLE RELATED PARTIES 34,500.00
3600000100 ADDITIONAL PAID IN CAPITAL 34,500.00
Total 34,500.00 34,500.00

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