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Chapter 4

The document contains a balance sheet for XYZ Corporation with assets, liabilities, and stockholder's equity sections for the years ending December 31, 2003 and December 31, 2002. It lists current assets including cash, accounts receivable, inventories, and prepaid expenses. It also lists property and equipment assets and other assets. For liabilities it lists current liabilities and long-term liabilities. For stockholder's equity it lists capital stock and retained earnings.

Uploaded by

Djohan Aan
Copyright
© © All Rights Reserved
Available Formats
Download as XLS, PDF, TXT or read online on Scribd
0% found this document useful (0 votes)
11 views

Chapter 4

The document contains a balance sheet for XYZ Corporation with assets, liabilities, and stockholder's equity sections for the years ending December 31, 2003 and December 31, 2002. It lists current assets including cash, accounts receivable, inventories, and prepaid expenses. It also lists property and equipment assets and other assets. For liabilities it lists current liabilities and long-term liabilities. For stockholder's equity it lists capital stock and retained earnings.

Uploaded by

Djohan Aan
Copyright
© © All Rights Reserved
Available Formats
Download as XLS, PDF, TXT or read online on Scribd
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Worksheets List

Chapter 4, Page67
Chapter 4, Page68
Chapter 4, Page69
Chapter 4, Page70
Chapter 4, Page71, 72
Chapter 4, Page75
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Chapter 4, Page79, 80
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Chapter 4, Page88
21-Trial Balances Data
1- General,Summary,Audit
14- Months Lists
15-BS, IS Leve
16- Notes List
XYZ Corporation Inc.
BALANCE SHEET

December 31
Notes 2003 2002
ASSETS

Current Assets
Cash 5 301,124 318,697
Accounts Receivable 7 1,653,558 1,538,494
Inventories 8 546,173 520,133
Prepaid Expenses 9 13,552 23,659
Total Current Assets 2,514,407 2,400,982

Property and Equipment (at Cost) 10


Land & Building 674,019 677,191
Machinery and Equipment 386,140 326,052
Furniture and Fixtures 59,410 47,906
Total Property and Equipment 1,119,569 1,051,150
Less: Accumulated Depreciation (478,852) (419,540)
Net Book Value 640,717 631,610

Other Assets
Investment in Revenue Bond 11 364,321 300,260
Patents, Trademarks and Goodwill 12 52,250 52,500
Total Other Assets 416,571 352,760

TOTAL ASSETS 3,571,695 3,385,352

LIABILITIES AND STOCKHO

Current Liabilities
Line of Credit 6 476,783 500,834
Current Portion of Long-Term Debt 40,252 39,506
Accounts Payable 13 547,255 475,284
Accrued Expenses 14 234,296 221,291
Other Payables 15 19,250 26,937
Total Current Liabilities 1,317,837 1,263,851

Long-Term Liabilities
Note Payable 16 784,273 840,105
Equipment Leases Payable 17 185,459 224,965
Less: Current Portion Shown Above (40,252) (39,506)
Total Long-Term Liabilities 929,480 1,025,564

TOTAL LIABILITIES 2,247,316 2,289,415

Stockholder's Equity
Capital Stock 151,897 152,623
Retained Earnings 19 1,172,482 943,314
Total Stockholder's Equity 1,324,379 1,095,937

TOTAL LIABILITIES AND S 3,571,695 3,385,352


ComboBox Link & Cell Name Defined in
Datails Formulas Column B

ComboBox month selection Number 72 MonthSelectionNumber

Reports Date December 31, 2003 ReportsDate

Reports Month Number 12 ReportsMonthNumber

Reports Year Number 2003 ReportsYearNumber


Formula in Column B

ComboBox Cell Link

=INDEX(MonthsList,MonthSelectionNumber)

=MONTH(ReportsDate)

=YEAR(ReportsDate)
XYZ Corporation Inc.
BALANCE SHEET

December 31
Notes 2003 2002
ASSETS

Current Assets
Cash 5 301,124 318,697
Accounts Receivable 7 1,653,558 1,538,494
Inventories 8 546,173 520,133
Prepaid Expenses 9 13,552 23,659
Total Current Assets 2,514,407 2,400,982

Property and Equipment (at Cost) 10


Land & Building 674,019 677,191
Machinery and Equipment 386,140 326,052
Furniture and Fixtures 59,410 47,906
Total Property and Equipment 1,119,569 1,051,150
Less: Accumulated Depreciation (478,852) (419,540)
Net Book Value 640,717 631,610

Other Assets
Investment in Revenue Bond 11 364,321 300,260
Patents, Trademarks and Goodwill 12 52,250 52,500
Total Other Assets 416,571 352,760

TOTAL ASSETS 3,571,695 3,385,352

LIABILITIES AND STOCKHO

Current Liabilities
Line of Credit 6 476,783 500,834
Current Portion of Long-Term Debt 40,252 39,506
Accounts Payable 13 547,255 475,284
Accrued Expenses 14 234,296 221,291
Other Payables 15 19,250 26,937
Total Current Liabilities 1,317,837 1,263,851

Long-Term Liabilities
Note Payable 16 784,273 840,105
Equipment Leases Payable 17 185,459 224,965
Less: Current Portion Shown Above (40,252) (39,506)
Total Long-Term Liabilities 929,480 1,025,564

TOTAL LIABILITIES 2,247,316 2,289,415

Stockholder's Equity
Capital Stock 151,897 152,623
Retained Earnings 19 1,172,482 943,314
Total Stockholder's Equity 1,324,379 1,095,937

TOTAL LIABILITIES AND S 3,571,695 3,385,352


XYZ Corporation Inc.
BALANCE SHEET

December 31
Notes 2003 2002
ASSETS

Current Assets
Cash 5 301,124 318,697
Accounts Receivable 7 1,653,558 1,538,494
Inventories 8 546,173 520,133
Prepaid Expenses 9 13,552 23,659
Total Current Assets 2,514,407 2,400,982

Property and Equipment (at Cost) 10


Land & Building 674,019 677,191
Machinery and Equipment 386,140 326,052
Furniture and Fixtures 59,410 47,906
Total Property and Equipment 1,119,569 1,051,150
Less: Accumulated Depreciation (478,852) (419,540)
Net Book Value 640,717 631,610

Other Assets
Investment in Revenue Bond 11 364,321 300,260
Patents, Trademarks and Goodwill 12 52,250 52,500
Total Other Assets 416,571 352,760

TOTAL ASSETS 3,571,695 3,385,352

LIABILITIES AND STOCKHO

Current Liabilities
Line of Credit 6 476,783 500,834
Current Portion of Long-Term Debt 40,252 39,506
Accounts Payable 13 547,255 475,284
Accrued Expenses 14 234,296 221,291
Other Payables 15 19,250 26,937
Total Current Liabilities 1,317,837 1,263,851

Long-Term Liabilities
Note Payable 16 784,273 840,105
Equipment Leases Payable 17 185,459 224,965
Less: Current Portion Shown Above (40,252) (39,506)
Total Long-Term Liabilities 929,480 1,025,564

TOTAL LIABILITIES 2,247,316 2,289,415

Stockholder's Equity
Capital Stock 151,897 152,623
Retained Earnings 19 1,172,482 943,314
Total Stockholder's Equity 1,324,379 1,095,937

TOTAL LIABILITIES AND S 3,571,695 3,385,352


XYZ Corporation Inc.
BALANCE SHEET

December 31
Notes 2003 2002
ASSETS

Current Assets
Cash 5 301,124 318,697
Accounts Receivable 7 1,653,558 1,538,494
Inventories 8 546,173 520,133
Prepaid Expenses 9 13,552 23,659
Total Current Assets 2,514,407 2,400,982

Property and Equipment (at Cost) 10


Land & Building 674,019 677,191
Machinery and Equipment 386,140 326,052
Furniture and Fixtures 59,410 47,906
Total Property and Equipment 1,119,569 1,051,150
Less: Accumulated Depreciation (478,852) (419,540)
Net Book Value 640,717 631,610

Other Assets
Investment in Revenue Bond 11 364,321 300,260
Patents, Trademarks and Goodwill 12 52,250 52,500
Total Other Assets 416,571 352,760

TOTAL ASSETS 3,571,695 3,385,352

LIABILITIES AND STOCKHO

Current Liabilities
Line of Credit 6 476,783 500,834
Current Portion of Long-Term Debt 40,252 39,506
Accounts Payable 13 547,255 475,284
Accrued Expenses 14 234,296 221,291
Other Payables 15 19,250 26,937
Total Current Liabilities 1,317,837 1,263,851

Long-Term Liabilities
Note Payable 16 784,273 840,105
Equipment Leases Payable 17 185,459 224,965
Less: Current Portion Shown Above (40,252) (39,506)
Total Long-Term Liabilities 929,480 1,025,564

TOTAL LIABILITIES 2,247,316 2,289,415

Stockholder's Equity
Capital Stock 151,897 152,623
Retained Earnings 19 1,172,482 943,314
Total Stockholder's Equity 1,324,379 1,095,937

TOTAL LIABILITIES AND S 3,571,695 3,385,352


XYZ Corporation Inc.
BALANCE SHEET

December 31
Notes 2003 2002
ASSETS

Current Assets
Cash 5 301,124 318,697
Accounts Receivable 7 1,653,558 1,538,494
Inventories 8 546,173 520,133
Prepaid Expenses 9 13,552 23,659
Total Current Assets 2,514,407 2,400,982

Property and Equipment (at Cost) 10


Land & Building 674,019 677,191
Machinery and Equipment 386,140 326,052
Furniture and Fixtures 59,410 47,906
Total Property and Equipment 1,119,569 1,051,150
Less: Accumulated Depreciation (478,852) (419,540)
Net Book Value 640,717 631,610

Other Assets
Investment in Revenue Bond 11 364,321 300,260
Patents, Trademarks and Goodwill 12 52,250 52,500
Total Other Assets 416,571 352,760

TOTAL ASSETS 3,571,695 3,385,352

LIABILITIES AND STOCKHOLDER'S EQ

Current Liabilities
Line of Credit 6 476,783 500,834
Current Portion of Long-Term Debt 40,252 39,506
Accounts Payable 13 547,255 475,284
Accrued Expenses 14 234,296 221,291
Other Payables 15 19,250 26,937
Total Current Liabilities 1,317,837 1,263,851

Long-Term Liabilities
Note Payable 16 784,273 840,105
Equipment Leases Payable 17 185,459 224,965
Less: Current Portion Shown Above (40,252) (39,506)
Total Long-Term Liabilities 929,480 1,025,564

TOTAL LIABILITIES 2,247,316 2,289,415

Stockholder's Equity
Capital Stock 151,897 152,623
Retained Earnings 19 1,172,482 943,314
Total Stockholder's Equity 1,324,379 1,095,937

TOTAL LIABILITIES AND STOCKHOLD 3,571,695 3,385,352


XYZ Corporation Inc.
BALANCE SHEET

December 31
Notes 2003 2002
ASSETS

Current Assets
Cash 5 301,124 318,697
Accounts Receivable 7 1,653,558 1,538,494
Inventories 8 546,173 520,133
Prepaid Expenses 9 13,552 23,659
Total Current Assets 2,514,407 2,400,982

Property and Equipment (at Cost) 10


Land & Building 674,019 677,191
Machinery and Equipment 386,140 326,052
Furniture and Fixtures 59,410 47,906
Total Property and Equipment 1,119,569 1,051,150
Less: Accumulated Depreciation (478,852) (419,540)
Net Book Value 640,717 631,610

Other Assets
Investment in Revenue Bond 11 364,321 300,260
Patents, Trademarks and Goodwill 12 52,250 52,500
Total Other Assets 416,571 352,760

TOTAL ASSETS 3,571,695 3,385,352

LIABILITIES AND STOCKHOLDER'S EQ

Current Liabilities
Line of Credit 6 476,783 500,834
Current Portion of Long-Term Debt 40,252 39,506
Accounts Payable 13 547,255 475,284
Accrued Expenses 14 234,296 221,291
Other Payables 15 19,250 26,937
Total Current Liabilities 1,317,837 1,263,851

Long-Term Liabilities
Note Payable 16 784,273 840,105
Equipment Leases Payable 17 185,459 224,965
Less: Current Portion Shown Above (40,252) (39,506)
Total Long-Term Liabilities 929,480 1,025,564

TOTAL LIABILITIES 2,247,316 2,289,415

Stockholder's Equity
Capital Stock 151,897 152,623
Retained Earnings 19 1,172,482 943,314
Total Stockholder's Equity 1,324,379 1,095,937

TOTAL LIABILITIES AND STOCKHOLD 3,571,695 3,385,352


XYZ Corporation Inc.
BALANCE SHEET

December 31
Notes 2003 2002
ASSETS

Current Assets
Cash 5 301,124 318,697
Accounts Receivable 7 1,653,558 1,538,494
Inventories 8 546,173 520,133
Prepaid Expenses 9 13,552 23,659
Total Current Assets 2,514,407 2,400,982

Property and Equipment (at Cost) 10


Land & Building 674,019 677,191
Machinery and Equipment 386,140 326,052
Furniture and Fixtures 59,410 47,906
Total Property and Equipment 1,119,569 1,051,150
Less: Accumulated Depreciation (478,852) (419,540)
Net Book Value 640,717 631,610

Other Assets
Investment in Revenue Bond 11 364,321 300,260
Patents, Trademarks and Goodwill 12 52,250 52,500
Total Other Assets 416,571 352,760

TOTAL ASSETS 3,571,695 3,385,352

LIABILITIES AND STOCKHOLDER'S EQ

Current Liabilities
Line of Credit 6 476,783 500,834
Current Portion of Long-Term Debt 40,252 39,506
Accounts Payable 13 547,255 475,284
Accrued Expenses 14 234,296 221,291
Other Payables 15 19,250 26,937
Total Current Liabilities 1,317,837 1,263,851

Long-Term Liabilities
Note Payable 16 784,273 840,105
Equipment Leases Payable 17 185,459 224,965
Less: Current Portion Shown Above (40,252) (39,506)
Total Long-Term Liabilities 929,480 1,025,564

TOTAL LIABILITIES 2,247,316 2,289,415

Stockholder's Equity
Capital Stock 151,897 152,623
Retained Earnings 19 1,172,482 943,314
Total Stockholder's Equity 1,324,379 1,095,937

TOTAL LIABILITIES AND STOCKHOLD 3,571,695 3,385,352


Account
Number Accout Name BS, P&L Level 3
1011 Checking Account #1 Cash
1012 Checking Account #2 Cash
1021 Payroll Checking Account Cash
1051 Savings Account #1 Cash
1061 Money Market Account #1 Cash
1091 Petty Cash Cash
1111 Accounts Receivable Accounts Receivable
1121 Allowance for doubtful accounts Accounts Receivable
1201 Inventories for sale Inventories
1211 Inventories for use Inventories
1301 Prepaid expenses Prepaid Expenses
1560 Patents Patents, Trademarks and Goodwill
1571 Marketable Stocks Investment in Revenue Bond
1811 Land Land & Building
1821 Buildings Land & Building
1831 Tools & Equipment Machinery and Equipment
1841 Office Furninshings & Equip Furniture and Fixtures
1921 Accumulated Depreciated Buildings Less: Accumulated Depreciation
1931 Accumulated Depreciated Tools/Equipment Less: Accumulated Depreciation
1941 Accumulated Depreciated Office Equipment Less: Accumulated Depreciation
1991 Depreciated Lease Improvements Less: Accumulated Depreciation
2011 Accounts Payable Accounts Payable
2111 Payroll Liabilities Line of Credit
2113 Employee Soc. Sec. Withholdings Accrued expenses
2118 Company Medicare Liability other Payables
2401 Short Term Loans Current portion of long-term debt
2401 Short Term Loans Current portion of long-term debt
2501 Mortgage Loan Note Payable
2601 Fed deffered income taxes Equipment Leases Payable
2701 Employee Pension Current portion of long-term debt
3001 Capital Stock Capital Stock
3101 Paid in capital Retained earnings
3501 Retained Earnings Retained earnings
4001 Sales Sales
4701 Interest Income Non Operating Expenses
4801 Gain/Loss Sale of Assets Special Gain ( Loss )
4901 Other Income Non Operating Income
5001 Materials Cost of goods sold
5101 Subcontracted Costs Cost of goods sold
5201 Labor Cost of goods sold
5301 Rental Cost of goods sold
5311 Maintenance & Repairs Cost of goods sold
5321 Cleaning Cost of goods sold
5331 Insurance Cost of goods sold
5341 Utilities Cost of goods sold
5351 Property Taxes Cost of goods sold
6001 Salary & Wages Research & Development
6101 Employee Vacation Pay Research & Development
6102 Company Paid Medicare (FICA) Research & Development
6103 Company Paid Soc. Sec. (FICA) Research & Development
6104 Federal Unemployment Tax (FUTA) Research & Development
6105 Workers Comp Insurance Research & Development
6201 Recruiting & Hiring Research & Development
6202 Training & Education Research & Development
6203 Employee Entertainment Research & Development
6301 Telephone-Answering Service Research & Development
6302 Telephone-Cellular Service Research & Development
6303 Telephone-ISDN Line Research & Development
6304 Telephone-Local Service Research & Development
6305 Telephone-Long Dist Service Research & Development
6351 Tool Maintenance & Repairs Research & Development
6361 Travel Research & Development
6401 Computer Software Research & Development
6402 Consultant-Business Research & Development
6403 Consultant-Computer Research & Development
6404 Corporation Fees & Costs Research & Development
6405 Equipment Lease-Copier Research & Development
6406 Equipment Lease-Office Research & Development
6407 Building Maintenance Research & Development
6408 Cleaning Service Research & Development
6409 Equip Maint. & Repairs Research & Development
6410 Misc. Expenses Research & Development
6411 Security Monitoring Research & Development
6412 Utilities Research & Development
6501 Salary & Wages Marketing
6511 Commissions Marketing
6521 Advertising Marketing
6531 Preliminary Designs Marketing
6532 Promotional Events Marketing
6533 Promotional Literature Marketing
6534 Displays/Product Samples Marketing
6535 Project Management Personnel Marketing
6541 Sales & Marketing Expense-Other Marketing
7001 Salary & Wages General & Administration
7101 Employee Bonuses General & Administration
7102 Employee Sick Pay General & Administration
7103 Employee Vacation Pay General & Administration
7104 Company Paid Medicare (FICA) General & Administration
7105 Company Paid Soc. Sec. (FICA) General & Administration
7106 Federal Unemployment Tax (FUTA) General & Administration
7107 Workers Comp Insurance General & Administration
7201 Employment Advertising General & Administration
7202 Recruiting & Hiring General & Administration
7203 Training & Education General & Administration
7204 Employee Entertainment General & Administration
7205 Payroll Service Fees General & Administration
7301 Accounting Fees General & Administration
7302 Attorney Fees General & Administration
7351 Telephone-Answering Service General & Administration
7352 Telephone-Cellular Service General & Administration
7353 Telephone-ISDN Line General & Administration
7354 Telephone-Local Service General & Administration
7355 Telephone-Long Dist Service General & Administration
7356 Tolls & Parking General & Administration
7357 Tool Maintenance & Repairs General & Administration
7381 Travel General & Administration
7382 Travel-Airfare General & Administration
7383 Travel-Car Rental General & Administration
7384 Travel-Food & Entertainment General & Administration
7385 Travel-Hotel General & Administration
7401 Charitable Contributions General & Administration
7501 Computer Software General & Administration
7502 Consultant-Business General & Administration
7503 Consultant-Computer General & Administration
7511 Corporation Fees & Costs General & Administration
7521 Equipment Lease-Copier General & Administration
7522 Equipment Lease-Office General & Administration
7631 Building Maintenance General & Administration
7632 Cleaning Service General & Administration
7633 Equip Maint. & Repairs General & Administration
7634 Misc. Expenses General & Administration
7635 Security Monitoring General & Administration
7636 Utilities General & Administration
7701 Taxes-Business License General & Administration
7702 Taxes-Business Property General & Administration
7901 Depreciation-Buildings Amortization
7902 Depreciation-Office Equipment Amortization
7903 Depreciation-Tools & Equipment Amortization
8001 Bank Account Finance Charges Non Operating Expenses
8002 Bank Account Service Fees Non Operating Expenses
8003 Credit Card Finance Charges Non Operating Expenses
8004 Credit Card Service Fees Non Operating Expenses
9001 Taxes-Corporate Income Income Taxes
BS, P&L Level 2 BS, P&L Level 1
Current Assets ASSETS
Current Assets ASSETS
Current Assets ASSETS
Current Assets ASSETS
Current Assets ASSETS
Current Assets ASSETS
Current Assets ASSETS
Current Assets ASSETS
Current Assets ASSETS
Current Assets ASSETS
Current Assets ASSETS
Other Assets ASSETS
Other Assets ASSETS
Property and Equipment (at Cost) ASSETS
Property and Equipment (at Cost) ASSETS
Property and Equipment (at Cost) ASSETS
Property and Equipment (at Cost) ASSETS
Property and Equipment (at Cost) ASSETS
Property and Equipment (at Cost) ASSETS
Property and Equipment (at Cost) ASSETS
Property and Equipment (at Cost) ASSETS
Current Liabilities LIABILITIES AND STOCKHOLDER'S EQUITY
Current Liabilities LIABILITIES AND STOCKHOLDER'S EQUITY
Current Liabilities LIABILITIES AND STOCKHOLDER'S EQUITY
Current Liabilities LIABILITIES AND STOCKHOLDER'S EQUITY
Current Liabilities LIABILITIES AND STOCKHOLDER'S EQUITY
Long-Term Liabilities LIABILITIES AND STOCKHOLDER'S EQUITY
Long-Term Liabilities LIABILITIES AND STOCKHOLDER'S EQUITY
Long-Term Liabilities LIABILITIES AND STOCKHOLDER'S EQUITY
Long-Term Liabilities LIABILITIES AND STOCKHOLDER'S EQUITY
Stockholder's Equity LIABILITIES AND STOCKHOLDER'S EQUITY
Stockholder's Equity LIABILITIES AND STOCKHOLDER'S EQUITY
Stockholder's Equity LIABILITIES AND STOCKHOLDER'S EQUITY
Net Sales Profit & Loss
Non Operating Expenses Profit & Loss
Special Gain ( Loss ) Profit & Loss
Non Operating Income Profit & Loss
Cost of Sales Profit & Loss
Cost of Sales Profit & Loss
Cost of Sales Profit & Loss
Cost of Sales Profit & Loss
Cost of Sales Profit & Loss
Cost of Sales Profit & Loss
Cost of Sales Profit & Loss
Cost of Sales Profit & Loss
Cost of Sales Profit & Loss
Expenses Profit & Loss
Expenses Profit & Loss
Expenses Profit & Loss
Expenses Profit & Loss
Expenses Profit & Loss
Expenses Profit & Loss
Expenses Profit & Loss
Expenses Profit & Loss
Expenses Profit & Loss
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Expenses Profit & Loss
Expenses Profit & Loss
Non Operating Expenses Profit & Loss
Non Operating Expenses Profit & Loss
Non Operating Expenses Profit & Loss
Non Operating Expenses Profit & Loss
Income Taxes Profit & Loss
January 1998 February 1998 March 1998 April 1998 May 1998 June 1998 July 1998
1 2 3 4 5 6 7
2 4 6 8 10 12 14
3 6 9 12 15 18 21
4 8 12 16 20 24 28
5 10 15 20 25 30 35
7 14 21 28 35 42 49
8 16 24 32 40 48 56
9 18 27 36 45 54 63
10 20 30 40 50 60 70
11 22 33 44 55 66 77
12 24 36 48 60 72 84
13 26 39 52 65 78 91
14 28 42 56 70 84 98
17 34 51 68 85 102 119
18 36 54 72 90 108 126
19 38 57 76 95 114 133
20 40 60 80 100 120 140
22 44 66 88 110 132 154
23 46 69 92 115 138 161
24 48 72 96 120 144 168
25 50 75 100 125 150 175
26 52 78 104 130 156 182
27 54 81 108 135 162 189
29 58 87 116 145 174 203
34 68 102 136 170 204 238
42 84 126 168 210 252 294
42 84 126 168 210 252 294
44 88 132 176 220 264 308
45 90 135 180 225 270 315
46 92 138 184 230 276 322
47 94 141 188 235 282 329
48 96 144 192 240 288 336
49 98 147 196 245 294 343
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71 72 73 74 75 76 77
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### September 1998 ### ### December 1998 ###
8 9 10 11 12 13
16 18 20 22 24 26
24 27 30 33 36 39
32 36 40 44 48 52
40 45 50 55 60 65
56 63 70 77 84 91
64 72 80 88 96 104
72 81 90 99 108 117
80 90 100 110 120 130
88 99 110 121 132 143
96 108 120 132 144 156
104 117 130 143 156 169
112 126 140 154 168 182
136 153 170 187 204 221
144 162 180 198 216 234
152 171 190 209 228 247
160 180 200 220 240 260
176 198 220 242 328 286
184 207 230 253 0 299
192 216 240 264 0 312
200 225 250 275 0 325
208 234 260 286 312 338
216 243 270 297 324 351
232 261 290 319 348 377
272 306 340 374 408 442
336 378 420 462 504 546
336 378 420 462 504 546
352 396 440 484 528 572
360 405 450 495 540 585
368 414 460 506 552 598
376 423 470 517 564 611
384 432 480 528 576 624
392 441 490 539 588 637
86652 87566 88480 89394 90308 91222
110 118 126 134 142 150
78 79 80 81 82 83
448 504 560 616 672 728
-29752 -29985 -30218 -30451 -30684 -30917
-464 -522 -580 -638 -696 -754
-472 -531 -590 -649 -708 -767
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### March 1999 ### May 1999 ### July 1999 ### September 1999
14 15 16 17 18 19 20 21
28 30 32 34 36 38 40 42
42 45 48 51 54 57 60 63
56 60 64 68 72 76 80 84
70 75 80 85 90 95 100 105
98 105 112 119 126 133 140 147
112 120 128 136 144 152 160 168
126 135 144 153 162 171 180 189
140 150 160 170 180 190 200 210
154 165 176 187 198 209 220 231
168 180 192 204 216 228 240 252
182 195 208 221 234 247 260 273
196 210 224 238 252 266 280 294
238 255 272 289 306 323 340 357
252 270 288 306 324 342 360 378
266 285 304 323 342 361 380 399
280 300 320 340 360 380 400 420
308 330 352 374 396 418 440 462
322 345 368 391 414 437 460 483
336 360 384 408 432 456 480 504
350 375 400 425 450 475 500 525
364 390 416 442 468 494 520 546
378 405 432 459 486 513 540 567
406 435 464 493 522 551 580 609
476 510 544 578 612 646 680 714
588 630 672 714 756 798 840 882
588 630 672 714 756 798 840 882
616 660 704 748 792 836 880 924
630 675 720 765 810 855 900 945
644 690 736 782 828 874 920 966
658 705 752 799 846 893 940 987
672 720 768 816 864 912 960 1008
686 735 784 833 882 931 980 1029
92136 93050 93964 94878 95792 96706 97620 98534
158 166 174 182 190 198 206 214
84 85 86 87 88 89 90 91
784 840 896 952 1008 1064 1120 1176
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-776 -824 -872 -920 -968 -1016 -1064 -1112
### ### December 1999 ### ### March 2000 ###
22 23 24 25 26 27 28
44 46 48 50 52 54 56
66 69 72 75 78 81 84
88 92 96 100 104 108 112
110 115 120 125 130 135 140
154 161 168 175 182 189 196
176 184 192 200 208 216 224
198 207 216 225 234 243 252
220 230 0 250 260 270 280
242 253 264 275 286 297 308
264 276 288 300 312 324 336
286 299 38 325 338 351 364
308 322 275 350 364 378 392
374 391 408 425 442 459 476
396 414 232 450 468 486 504
418 437 326 475 494 513 532
440 460 42 500 520 540 560
484 506 356 550 572 594 616
506 529 0 575 598 621 644
528 552 0 600 624 648 672
550 575 0 625 650 675 700
572 598 624 650 676 702 728
594 621 648 675 702 729 756
638 667 696 725 754 783 812
748 782 816 850 884 918 952
924 966 1008 1050 1092 1134 1176
924 966 1008 1050 1092 1134 1176
968 1012 1056 1100 1144 1188 1232
990 1035 1080 1125 1170 1215 1260
1012 1058 1104 1150 1196 1242 1288
1034 1081 1128 1175 1222 1269 1316
1056 1104 1152 1200 1248 1296 1344
1078 1127 1176 1225 1274 1323 1372
99448 100362 101276 102190 103104 104018 104932
222 230 238 246 254 262 270
92 93 94 95 96 97 98
1232 1288 1344 1400 1456 1512 1568
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-1276 -1334 -1392 -1450 -1508 -1566 -1624
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-1160 -1208 -1256 -1304 -1352 -1400 -1448
May 2000 ### July 2000 ### September 2000 ### ###
29 30 31 32 33 34 35
58 60 62 64 66 68 70
87 90 93 96 99 102 105
116 120 124 128 132 136 140
145 150 155 160 165 170 175
203 210 217 224 231 238 245
232 240 248 256 264 272 280
261 270 279 288 297 306 315
290 300 310 320 330 340 350
319 330 341 352 363 374 385
348 360 372 384 396 408 420
377 390 403 416 429 442 455
406 420 434 448 462 476 490
493 510 527 544 561 578 595
522 540 558 576 594 612 630
551 570 589 608 627 646 665
580 600 620 640 660 680 700
638 660 682 704 726 748 770
667 690 713 736 759 782 805
696 720 744 768 792 816 840
725 750 775 800 825 850 875
754 780 806 832 858 884 910
783 810 837 864 891 918 945
841 870 899 928 957 986 1015
986 1020 1054 1088 1122 1156 1190
1218 1260 1302 1344 1386 1428 1470
1218 1260 1302 1344 1386 1428 1470
1276 1320 1364 1408 1452 1496 1540
1305 1350 1395 1440 1485 1530 1575
1334 1380 1426 1472 1518 1564 1610
1363 1410 1457 1504 1551 1598 1645
1392 1440 1488 1536 1584 1632 1680
1421 1470 1519 1568 1617 1666 1715
105846 106760 107674 108588 109502 110416 111330
278 286 294 302 310 318 326
99 100 101 102 103 104 105
1624 1680 1736 1792 1848 1904 1960
-34645 -34878 -35111 -35344 -35577 -35810 -36043
-1682 -1740 -1798 -1856 -1914 -1972 -2030
-1711 -1770 -1829 -1888 -1947 -2006 -2065
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-1827 -1890 -1953 -2016 -2079 -2142 -2205
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-1496 -1544 -1592 -1640 -1688 -1736 -1784
December 2000 ### ### March 2001 ### May 2001 ### July 2001
0 37 38 39 40 41 42 43
0 74 76 78 80 82 84 86
0 111 114 117 120 123 126 129
0 148 152 156 160 164 168 172
180 185 190 195 200 205 210 215
0 259 266 273 280 287 294 301
288 296 304 312 320 328 336 344
324 333 342 351 360 369 378 387
0 370 380 390 400 410 420 430
396 407 418 429 440 451 462 473
432 444 456 468 480 492 504 516
40 481 494 507 520 533 546 559
311 518 532 546 560 574 588 602
612 629 646 663 680 697 714 731
0 666 684 702 720 738 756 774
348 703 722 741 760 779 798 817
48 740 760 780 800 820 840 860
384 814 836 858 880 902 924 946
0 851 874 897 920 943 966 989
0 888 912 936 960 984 1008 1032
0 925 950 975 1000 1025 1050 1075
936 962 988 1014 1040 1066 1092 1118
972 999 1026 1053 1080 1107 1134 1161
1044 1073 1102 1131 1160 1189 1218 1247
1224 1258 1292 1326 1360 1394 1428 1462
1512 1554 1596 1638 1680 1722 1764 1806
1512 1554 1596 1638 1680 1722 1764 1806
1584 1628 1672 1716 1760 1804 1848 1892
1620 1665 1710 1755 1800 1845 1890 1935
1656 1702 1748 1794 1840 1886 1932 1978
1692 1739 1786 1833 1880 1927 1974 2021
1728 1776 1824 1872 1920 1968 2016 2064
1764 1813 1862 1911 1960 2009 2058 2107
112244 113158 114072 114986 115900 116814 117728 118642
334 342 350 358 366 374 382 390
106 107 108 109 110 111 112 113
2016 2072 2128 2184 2240 2296 2352 2408
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-1832 -1880 -1928 -1976 -2024 -2072 -2120 -2168
### September 2001 October 2001 November 2001 December 2001 January 2002
44 45 46 47 0 49
88 90 92 94 0 98
132 135 138 141 0 147
176 180 184 188 0 196
220 225 230 235 240 245
308 315 322 329 0 343
352 360 368 376 384 392
396 405 414 423 432 441
440 450 460 470 0 490
484 495 506 517 528 539
528 540 552 564 576 588
572 585 598 611 43 637
616 630 644 658 325 686
748 765 782 799 654 833
792 810 828 846 0 882
836 855 874 893 391 391
880 900 920 940 53 980
968 990 1012 1034 401 1078
1012 1035 1058 1081 0 1127
1056 1080 1104 1128 0 1176
1100 1125 1150 1175 0 1225
1144 1170 1196 1222 1248 1274
1188 1215 1242 1269 1296 1323
1276 1305 1334 1363 1392 1421
1496 1530 1564 1598 1632 1666
1848 1890 1932 1974 2016 2058
1848 1890 1932 1974 2016 2058
1936 1980 2024 2068 2112 2156
1980 2025 2070 2115 2160 2205
2024 2070 2116 2162 2208 2254
2068 2115 2162 2209 2256 2303
2112 2160 2208 2256 2304 2352
2156 2205 2254 2303 2352 2401
119556 120470 121384 122298 123212 124126
398 406 414 422 430 438
114 115 116 117 118 119
2464 2520 2576 2632 2688 2744
-38140 -38373 -38606 -38839 -39072 -39305
-2552 -2610 -2668 -2726 -2784 -2842
-2596 -2655 -2714 -2773 -2832 -2891
-2640 -2700 -2760 -2820 -2880 -2940
-2684 -2745 -2806 -2867 -2928 -2989
-2728 -2790 -2852 -2914 -2976 -3038
-2772 -2835 -2898 -2961 -3024 -3087
-2816 -2880 -2944 -3008 -3072 -3136
-2860 -2925 -2990 -3055 -3120 -3185
-2904 -2970 -3036 -3102 -3168 -3234
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0 0 0 0 0 0
0 0 0 0 0 0
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-299 -304 -309 -314 -319 -324
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
-2216 -2264 -2312 -2360 -2408 -2456
February 2002 March 2002 ### May 2002 ### July 2002 ###
50 51 52 53 54 55 56
100 102 104 106 108 110 112
150 153 156 159 162 165 168
200 204 208 212 216 220 224
250 255 260 265 270 275 280
350 357 364 371 378 385 392
400 408 416 424 432 440 448
450 459 468 477 486 495 504
500 510 520 530 540 550 560
550 561 572 583 594 605 616
600 612 624 636 648 660 672
650 663 676 689 702 715 728
700 714 728 742 756 770 784
850 867 884 901 918 935 952
900 918 936 954 972 990 1008
950 969 988 1007 1026 1045 1064
1000 1020 1040 1060 1080 1100 1120
1100 1122 1144 1166 1188 1210 1232
1150 1173 1196 1219 1242 1265 1288
1200 1224 1248 1272 1296 1320 1344
1250 1275 1300 1325 1350 1375 1400
1300 1326 1352 1378 1404 1430 1456
1350 1377 1404 1431 1458 1485 1512
1450 1479 1508 1537 1566 1595 1624
1700 1734 1768 1802 1836 1870 1904
2100 2142 2184 2226 2268 2310 2352
2100 2142 2184 2226 2268 2310 2352
2200 2244 2288 2332 2376 2420 2464
2250 2295 2340 2385 2430 2475 2520
2300 2346 2392 2438 2484 2530 2576
2350 2397 2444 2491 2538 2585 2632
2400 2448 2496 2544 2592 2640 2688
2450 2499 2548 2597 2646 2695 2744
125040 125954 126868 127782 128696 129610 130524
446 454 462 470 478 486 494
120 121 122 123 124 125 126
2800 2856 2912 2968 3024 3080 3136
-39538 -39771 -40004 -40237 -40470 -40703 -40936
-2900 -2958 -3016 -3074 -3132 -3190 -3248
-2950 -3009 -3068 -3127 -3186 -3245 -3304
-3000 -3060 -3120 -3180 -3240 -3300 -3360
-3050 -3111 -3172 -3233 -3294 -3355 -3416
-3100 -3162 -3224 -3286 -3348 -3410 -3472
-3150 -3213 -3276 -3339 -3402 -3465 -3528
-3200 -3264 -3328 -3392 -3456 -3520 -3584
-3250 -3315 -3380 -3445 -3510 -3575 -3640
-3300 -3366 -3432 -3498 -3564 -3630 -3696
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-329 -334 -339 -344 -349 -354 -359
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
-2504 -2552 -2600 -2648 -2696 -2744 -2792
September 2002 ### November 2002 December 2002 January 2003 February 2003
57 58 59 51,606 61 62
114 116 118 25,658
171 174 177 15,998
228 232 236 150,000
285 290 295 75,000
399 406 413 435
456 464 472 1538493.6 488 496
513 522 531 549 558
570 580 590 520133.25 610 620
627 638 649 671 682
684 696 708 23658.6 732 744
741 754 767 52500
798 812 826 300260.1
969 986 1003 677191.2
1026 1044 1062
1083 1102 1121 326052.3
1140 1160 1180 47906.25
1254 1276 1298 -419540.1
1311 1334 1357
1368 1392 1416
1425 1450 1475
1482 1508 1534 475,284
1539 1566 1593 500,834
1653 1682 1711 221,291
1938 1972 2006 26,937
2394 2436 2478 39,506
2394 2436 2478 -39506 0 0
2508 2552 2596 840,105
2565 2610 2655 224,965
2622 2668 2714
2679 2726 2773 152,623 0 0
2736 2784 2832 943,314 0 0
2793 2842 2891
131438 132352 133266
502 510 518
127 128 129
3192 3248 3304
-41169 -41402 -41635 43961.4 -42101 -42334
-3306 -3364 -3422 3654 -3538 -3596
-3363 -3422 -3481 3717 -3599 -3658
-3420 -3480 -3540 3780 -3660 -3720
-3477 -3538 -3599 3843 -3721 -3782
-3534 -3596 -3658 3906 -3782 -3844
-3591 -3654 -3717 3969 -3843 -3906
-3648 -3712 -3776 4032 -3904 -3968
-3705 -3770 -3835 4095 -3965 -4030
-3762 -3828 -3894 4158 -1503 -1611
0 0 0 0 0 0
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-5800 -5850 -5900 6247.5 -6000 -6050
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-1505 -1514 -1523 1608.6 -1541 -1550
0 0 0 0 0 0
0 0 0 0 0 0
-364 -369 -374 397.95 -384 -389
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
-2840 -2888 -2936 3133.2 -3032 -3080
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
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0
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0
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0
0
0
0
0
0
0
0
0
0
0
March 2003 April 2003 May 2003 ### July 2003 ### September 2003
63 269,506 65 66 67 68 69
0
0
0
0
0
504 1,479,934 520 528 536 544 552
567 0 585 594 603 612 621
630 488,825 650 660 670 680 690
693 0 715 726 737 748 759
756 12,129 780 792 804 816 828
46,764
326,068
603,247
0
345,595
53,172
428,573
0
0
0
489,793
426,721
209,695
17,229

0 0 0 0 0 0 0
701,924
165,986
22,375
0 135,948 0 0 0 0 0
0 1,049,371 0 0 0 0 0
0
0
0
0
0
-42567 41,773 -43033 -43266 -43499 -43732 -43965
-3654 3,906 -3770 -3828 -3886 -3944 -4002
-3717 3,973 -3835 -3894 -3953 -4012 -4071
-3780 4,040 -3900 -3960 -4020 -4080 -4140
-3843 4,108 -3965 -4026 -4087 -4148 -4209
-3906 4,175 -4030 -4092 -4154 -4216 -4278
-3969 4,242 -4095 -4158 -4221 -4284 -4347
-4032 4,310 -4160 -4224 -4288 -4352 -4416
-4095 4,377 -4225 -4290 -4355 -4420 -4485
-1719 2,517 -1935 -2043 -2151 -2259 -2367
0 0 0 0 0 0 0
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-6100 6,126 -6200 -6250 -6300 -6350 -6400
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-1559 1,534 -1577 -1586 -1595 -1604 -1613
0 0 0 0 0 0 0
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-394 411 -404 -409 -414 -419 -424
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
-3128 3,330 -3224 -3272 -3320 -3368 -3416
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
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0
0
0
0
0
0
0
0
### ### December 2003
70 71 50,446
22,535
17,558
160,000
50,000
585
560 568 1,653,558
630 639
700 710 546,173
770 781
840 852 13,552
52,250
364,321
674,019

386,140
59,410
-478852.44

547,255
476,783
234,296
19,250
40,252
0 0 -40252
784,273
185,459

0 0 151,897
0 0 1,172,482

-44198 -44431 46,674


-4060 -4118 4,364
-4130 -4189 4,439
-4200 -4260 4,514
-4270 -4331 4,590
-4340 -4402 4,665
-4410 -4473 4,740
-4480 -4544 4,815
-4550 -4615 4,891
-2475 -2583 2,812
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
-6450 -6500 6,845
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
-10107 -10181 10,716
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
0 0 0
-1622 -1631 1,714
0 0 0
0 0 0
-429 -434 459
0 0 0
0 0 0
0 0 0
-3464 -3512 3,720
XYZ Corporation Inc.
BALANCE SHEET

December 31
Notes 2003 2002
ASSETS

Current Assets
Cash 5 301,124 318,697
Accounts Receivable 7 1,653,558 1,538,494
Inventories 8 546,173 520,133
Prepaid Expenses 9 13,552 23,659
Total Current Assets 2,514,407 2,400,982

Property and Equipment (at Cost) 10


Land & Building 674,019 677,191
Machinery and Equipment 386,140 326,052
Furniture and Fixtures 59,410 47,906
Total Property and Equipment 1,119,569 1,051,150
Less: Accumulated Depreciation (478,852) (419,540)
Net Book Value 640,717 631,610

Other Assets
Investment in Revenue Bond 11 364,321 300,260
Patents, Trademarks and Goodwill 12 52,250 52,500
Total Other Assets 416,571 352,760

TOTAL ASSETS 3,571,695 3,385,352

LIABILITIES AND STOCKHOLDER'S EQ

Current Liabilities
Line of Credit 6 476,783 500,834
Current Portion of Long-Term Debt 40,252 39,506
Accounts Payable 13 547,255 475,284
Accrued Expenses 14 234,296 221,291
Other Payables 15 19,250 26,937
Total Current Liabilities 1,317,837 1,263,851

Long-Term Liabilities
Note Payable 16 784,273 840,105
Equipment Leases Payable 17 185,459 224,965
Less: Current Portion Shown Above (40,252) (39,506)
Total Long-Term Liabilities 929,480 1,025,564

TOTAL LIABILITIES 2,247,316 2,289,415

Stockholder's Equity
Capital Stock 151,897 152,623
Retained Earnings 19 1,172,482 943,314
Total Stockholder's Equity 1,324,379 1,095,937

TOTAL LIABILITIES AND STOCKHOLD 3,571,695 3,385,352


Note
Number Note Title
1 Summary of Significant Accounting Policies
2 Structure of Balance Sheet and Income Statements
3 Transactions with Affiliated and othe Related Parties
4 Currency Translation
5 Cash
6 Line of Credit
7 Notes & Account Recivable
8 Inventories
9 Prepaid Expenses
10 Property, Plant and equipment
11 Securities
12 Intangible Assets
13 Accounts Payable
14 Accrued Expenses
15 Other Payables
16 Note Payable
17 Equipment Leases Payable
18 Stockholder's Equity
19 Earnings Reserves and Retained Profits
20 Sales revenue
21 Labor And Materials
22 Selling
23 General & Administrative
24 Other Operating Expense
25 Other income (expense) - net
26 Income Taxes
27 Employee Benefit Plan
28
29
30
31
32
33
34
35
36
37
Balance Sheet, Income Statement,
Note Number & Title Cash Flow
Note 1 - Summary of Significant Accounting Policies
Note 2 - Structure of Balance Sheet and Income Statements
Note 3 - Transactions with Affiliated and othe Related Parties
Note 4 - Currency Translation
Note 5 - Cash Cash
Note 6 - Line of Credit Line of Credit
Note 7 - Notes & Account Recivable Accounts Receivable
Note 8 - Inventories Inventories
Note 9 - Prepaid Expenses Prepaid Expenses
Note 10 - Property, Plant and equipment Property and Equipment (at Cost)
Note 11 - Securities Investment in Revenue Bond
Note 12 - Intangible Assets Patents, Trademarks and Goodwill
Note 13 - Accounts Payable Accounts Payable
Note 14 - Accrued Expenses Accrued Expenses
Note 15 - Other Payables Other Payables
Note 16 - Note Payable Note Payable
Note 17 - Equipment Leases Payable Equipment Leases Payable
Note 18 - Stockholder's Equity Total Stockholder's Equity
Note 19 - Earnings Reserves and Retained Profits Retained Earnings
Note 20 - Sales revenue Sales
Note 21 - Labor And Materials Labor And Materials
Note 22 - Selling Selling
Note 23 - General & Administrative General & Administrative
Note 24 - Other Operating Expense Other Operating Expense
Note 25 - Other income (expense) - net Other income (expense) - net
Note 26 - Income Taxes Provision (benefit) for income taxes
Note 27 - Employee Benefit Plan
Note 28 -
Note 29 -
Note 30 -
Note 31 -
Note 32 -
Balance Sheet, Income
Statement, Cash Flow -
Note Balance Balance
XYZ Corporation Inc.
BALANCE SHEET

December 31 December 31
Notes 2003 2002
ASSETS

Current Assets
Cash 5 301,124 318,697
Accounts Receivable 7 1,653,558 1,538,494
Inventories 8 546,173 520,133
Prepaid Expenses 9 13,552 23,659
Total Current Assets 2,514,407 2,400,982

Property and Equipment (at Cost) 10


Land & Building 674,019 677,191
Machinery and Equipment 386,140 326,052
Furniture and Fixtures 59,410 47,906
Total Property and Equipment 1,119,569 1,051,150
Less: Accumulated Depreciation -478,852 419,540
Net Book Value 1,598,422 631,610

Other Assets
Investment in Revenue Bond 12 364,321 300,260
Patents, Trademarks and Goodwill 13 52,250 52,500
Total Other Assets 416,571 352,760

TOTAL ASSETS 4,529,400 3,385,352

LIABILITIES AND STOCKHOLDER'S EQUITY

Current Liabilities
Line of Credit 6 476,783 500,834
Current Portion of Long-Term Debt 0 0
Accounts Payable 15 547,255 475,284
Accrued Expenses 16 234,296 221,291
Other Payables 17 19,250 26,937
Total Current Liabilities 1,277,585 1,224,345

Long-Term Liabilities
Note Payable 18 784,273 840,105
Equipment Leases Payable 19 185,459 224,965
Less: Current Portion Shown Above 0 0
Total Long-Term Liabilities 969,732 1,065,070
TOTAL LIABILITIES 2,247,316 2,289,415

Stockholder's Equity
Capital Stock 20 151,897 152,623
Retained Earnings 21 1,172,482 943,314
Total Stockholder's Equity 1,324,379 1,095,937

TOTAL LIABILITIES AND STOCKHOLDE 3,571,695 3,385,352


ComboBox Link & Cell Name Defined in
Datails Formulas Column B

ComboBox month selection Number 64 MonthSelectionNumber

Reports Date April 30, 2003 ReportsDate

Reports Month Number 4 ReportsMonthNumber

Reports Year Number 2003 ReportsYearNumber


ComboBox MonthSelectionNumber
BS VS Annual 60 CompareMonthNumberBS

Reports Date-Previous Year December 31, 2002 ReportsDatePY

For the year ended For the year ended April, 30 2003
Formula in Column B

ComboBox Cell Link

=INDEX(MonthsList,MonthSelectionNumber)

=MONTH(ReportsDate)

=YEAR(ReportsDate)

ComboBox Cell Link

=INDEX(MonthsList,CompareMonthNumberBS)

=A12&" "&TEXT(ReportsDate,"mmmm, dd yyyy")


XYZ Corporation Inc.
BALANCE SHEET

December 31
Notes 2003 2002
ASSETS

Current Assets
Cash 5 301,124 318,697
Accounts Receivable 7 1,653,558 1,538,494
Inventories 8 546,173 520,133
Prepaid Expenses 9 13,552 23,659
Total Current Assets 2,514,407 2,400,982

Property and Equipment (at Cost) 10


Land & Building 674,019 677,191
Machinery and Equipment 386,140 326,052
Furniture and Fixtures 59,410 47,906
Total Property and Equipment 1,119,569 1,051,150
Less: Accumulated Depreciation (478,852) (419,540)
Net Book Value 640,717 631,610

Other Assets
Investment in Revenue Bond 11 364,321 300,260
Patents, Trademarks and Goodwill 12 52,250 52,500
Total Other Assets 416,571 352,760

TOTAL ASSETS 3,571,695 3,385,352

LIABILITIES AND STOCKHOLDER'S EQ

Current Liabilities
Line of Credit 6 476,783 500,834
Current Portion of Long-Term Debt 40,252 39,506
Accounts Payable 13 547,255 475,284
Accrued Expenses 14 234,296 221,291
Other Payables 15 19,250 26,937
Total Current Liabilities 1,317,837 1,263,851

Long-Term Liabilities
Note Payable 16 784,273 840,105
Equipment Leases Payable 17 185,459 224,965
Less: Current Portion Shown Above (40,252) (39,506)
Total Long-Term Liabilities 929,480 1,025,564

TOTAL LIABILITIES 2,247,316 2,289,415

Stockholder's Equity
Capital Stock 151,897 152,623
Retained Earnings 19 1,172,482 943,314
Total Stockholder's Equity 1,324,379 1,095,937

TOTAL LIABILITIES AND STOCKHOLD 3,571,695 3,385,352


Account
Number Accout Name BS, P&L Level 3 BS, P&L Level 2
1011 Checking Account #1 Cash Current Assets
1012 Checking Account #2 Cash Current Assets
1021 Payroll Checking Account Cash Current Assets
1051 Savings Account #1 Cash Current Assets
1061 Money Market Account #1 Cash Current Assets
1091 Petty Cash Cash Current Assets
1111 Accounts Receivable Accounts Receivable Current Assets
1121 Allowance for doubtful accounts Accounts Receivable Current Assets
1201 Inventories for sale Inventories Current Assets
1211 Inventories for use Inventories Current Assets
1301 Prepaid expenses Prepaid Expenses Current Assets
1560 Patents Patents, Trademarks and Goodwill Other Assets
1571 Marketable Stocks Investment in Revenue Bond Other Assets
1811 Land Land & Building Property and Equipme
1821 Buildings Land & Building Property and Equipme
1831 Tools & Equipment Machinery and Equipment Property and Equipme
1841 Office Furninshings & Equip Furniture and Fixtures Property and Equipme
1921 Accumulated Depreciated Buildin Less: Accumulated Depreciation Property and Equipme
1931 Accumulated Depreciated Tools/ Less: Accumulated Depreciation Property and Equipme
1941 Accumulated Depreciated Office Equipment
Less: Accumulated Depreciation Property and Equipme
1991 Depreciated Lease ImprovementsLess: Accumulated Depreciation Property and Equipme
2011 Accounts Payable Accounts Payable Current Liabiliti
2111 Payroll Liabilities Line of Credit Current Liabiliti
2113 Employee Soc. Sec. WithholdingsAccrued expenses Current Liabiliti
2118 Company Medicare Liability other Payables Current Liabiliti
2401 Short Term Loans Current portion of long-term debt Current Liabiliti
2401 Short Term Loans Current portion of long-term debt Long-Term Liabil
2501 Mortgage Loan Note Payable Long-Term Liabil
2601 Fed deffered income taxes Equipment Leases Payable Long-Term Liabil
2701 Employee Pension Current portion of long-term debt Long-Term Liabil
3001 Capital Stock Capital Stock Stockholder's Eq
3101 Paid in capital Retained earnings Stockholder's Eq
3501 Retained Earnings Retained earnings Stockholder's Eq
4001 Sales Sales Net Sales
4701 Interest Income Non Operating Expenses Non Operating Expe
4801 Gain/Loss Sale of Assets Special Gain ( Loss ) Special Gain ( Loss )
4901 Other Income Non Operating Income Non Operating Inco
5001 Materials Cost of goods sold Cost of Sales
5101 Subcontracted Costs Cost of goods sold Cost of Sales
5201 Labor Cost of goods sold Cost of Sales
5301 Rental Cost of goods sold Cost of Sales
5311 Maintenance & Repairs Cost of goods sold Cost of Sales
5321 Cleaning Cost of goods sold Cost of Sales
5331 Insurance Cost of goods sold Cost of Sales
5341 Utilities Cost of goods sold Cost of Sales
5351 Property Taxes Cost of goods sold Cost of Sales
6001 Salary & Wages Research & Development Expenses
6101 Employee Vacation Pay Research & Development Expenses
6102 Company Paid Medicare (FICA) Research & Development Expenses
6103 Company Paid Soc. Sec. (FICA) Research & Development Expenses
6104 Federal Unemployment Tax (FUTA)Research & Development Expenses
6105 Workers Comp Insurance Research & Development Expenses
6201 Recruiting & Hiring Research & Development Expenses
6202 Training & Education Research & Development Expenses
6203 Employee Entertainment Research & Development Expenses
6301 Telephone-Answering Service Research & Development Expenses
6302 Telephone-Cellular Service Research & Development Expenses
6303 Telephone-ISDN Line Research & Development Expenses
6304 Telephone-Local Service Research & Development Expenses
6305 Telephone-Long Dist Service Research & Development Expenses
6351 Tool Maintenance & Repairs Research & Development Expenses
6361 Travel Research & Development Expenses
6401 Computer Software Research & Development Expenses
6402 Consultant-Business Research & Development Expenses
6403 Consultant-Computer Research & Development Expenses
6404 Corporation Fees & Costs Research & Development Expenses
6405 Equipment Lease-Copier Research & Development Expenses
6406 Equipment Lease-Office Research & Development Expenses
6407 Building Maintenance Research & Development Expenses
6408 Cleaning Service Research & Development Expenses
6409 Equip Maint. & Repairs Research & Development Expenses
6410 Misc. Expenses Research & Development Expenses
6411 Security Monitoring Research & Development Expenses
6412 Utilities Research & Development Expenses
6501 Salary & Wages Marketing Expenses
6511 Commissions Marketing Expenses
6521 Advertising Marketing Expenses
6531 Preliminary Designs Marketing Expenses
6532 Promotional Events Marketing Expenses
6533 Promotional Literature Marketing Expenses
6534 Displays/Product Samples Marketing Expenses
6535 Project Management Personnel Marketing Expenses
6541 Sales & Marketing Expense-OtherMarketing Expenses
7001 Salary & Wages General & Administration Expenses
7101 Employee Bonuses General & Administration Expenses
7102 Employee Sick Pay General & Administration Expenses
7103 Employee Vacation Pay General & Administration Expenses
7104 Company Paid Medicare (FICA) General & Administration Expenses
7105 Company Paid Soc. Sec. (FICA) General & Administration Expenses
7106 Federal Unemployment Tax (FUTA)
General & Administration Expenses
7107 Workers Comp Insurance General & Administration Expenses
7201 Employment Advertising General & Administration Expenses
7202 Recruiting & Hiring General & Administration Expenses
7203 Training & Education General & Administration Expenses
7204 Employee Entertainment General & Administration Expenses
7205 Payroll Service Fees General & Administration Expenses
7301 Accounting Fees General & Administration Expenses
7302 Attorney Fees General & Administration Expenses
7351 Telephone-Answering Service General & Administration Expenses
7352 Telephone-Cellular Service General & Administration Expenses
7353 Telephone-ISDN Line General & Administration Expenses
7354 Telephone-Local Service General & Administration Expenses
7355 Telephone-Long Dist Service General & Administration Expenses
7356 Tolls & Parking General & Administration Expenses
7357 Tool Maintenance & Repairs General & Administration Expenses
7381 Travel General & Administration Expenses
7382 Travel-Airfare General & Administration Expenses
7383 Travel-Car Rental General & Administration Expenses
7384 Travel-Food & Entertainment General & Administration Expenses
7385 Travel-Hotel General & Administration Expenses
7401 Charitable Contributions General & Administration Expenses
7501 Computer Software General & Administration Expenses
7502 Consultant-Business General & Administration Expenses
7503 Consultant-Computer General & Administration Expenses
7511 Corporation Fees & Costs General & Administration Expenses
7521 Equipment Lease-Copier General & Administration Expenses
7522 Equipment Lease-Office General & Administration Expenses
7631 Building Maintenance General & Administration Expenses
7632 Cleaning Service General & Administration Expenses
7633 Equip Maint. & Repairs General & Administration Expenses
7634 Misc. Expenses General & Administration Expenses
7635 Security Monitoring General & Administration Expenses
7636 Utilities General & Administration Expenses
7701 Taxes-Business License General & Administration Expenses
7702 Taxes-Business Property General & Administration Expenses
7901 Depreciation-Buildings Amortization Expenses
7902 Depreciation-Office Equipment Amortization Expenses
7903 Depreciation-Tools & Equipment Amortization Expenses
8001 Bank Account Finance Charges Non Operating Expenses Non Operating Expe
8002 Bank Account Service Fees Non Operating Expenses Non Operating Expe
8003 Credit Card Finance Charges Non Operating Expenses Non Operating Expe
8004 Credit Card Service Fees Non Operating Expenses Non Operating Expe
9001 Taxes-Corporate Income Income Taxes Income Taxes
BS, P&L Level 1 December 2002 December 2003
ASSETS 51,606 50,446
ASSETS 25,658 22,535
ASSETS 15,998 17,558
ASSETS 150,000 160,000
ASSETS 75,000 50,000
ASSETS 435 585
ASSETS 1538493.6 1,653,558
ASSETS
ASSETS 520133.25 546,173
ASSETS
ASSETS 23658.6 13,552
ASSETS 52500 52,250
ASSETS 300260.1 364,321
ASSETS 677191.2 674,019
ASSETS
ASSETS 326052.3 386,140
ASSETS 47906.25 59,410
ASSETS -419540.1 -478852.44
ASSETS
ASSETS
ASSETS
LIABILI 475,284 547,255
LIABILI 500,834 476,783
LIABILI 221,291 234,296
LIABILI 26,937 19,250
LIABILI 39,506 40,252
LIABILI -39506 -40252
LIABILI 840,105 784,273
LIABILI 224,965 185,459
LIABILI
LIABILI 152,623 151,897
LIABILI 943,314 1,172,482
LIABILI
Profit & Loss
Profit & Loss
Profit & Loss
Profit & Loss
Profit & Loss 43961.4 46,674
Profit & Loss 3654 4,364
Profit & Loss 3717 4,439
Profit & Loss 3780 4,514
Profit & Loss 3843 4,590
Profit & Loss 3906 4,665
Profit & Loss 3969 4,740
Profit & Loss 4032 4,815
Profit & Loss 4095 4,891
Profit & Loss 4158 2,812
Profit & Loss 0 0
Profit & Loss 0 0
Profit & Loss 0 0
Profit & Loss 0 0
Profit & Loss 0 0
Profit & Loss 0 0
Profit & Loss 0 0
Profit & Loss 0 0
Profit & Loss 0 0
Profit & Loss 0 0
Profit & Loss 0 0
Profit & Loss 0 0
Profit & Loss 0 0
Profit & Loss 0 0
Profit & Loss 0 0
Profit & Loss 0 0
Profit & Loss 0 0
Profit & Loss 0 0
Profit & Loss 0 0
Profit & Loss 0 0
Profit & Loss 0 0
Profit & Loss 0 0
Profit & Loss 0 0
Profit & Loss 0 0
Profit & Loss 0 0
Profit & Loss 0 0
Profit & Loss 0 0
Profit & Loss 6247.5 6,845
Profit & Loss 0 0
Profit & Loss 0 0
Profit & Loss 0 0
Profit & Loss 0 0
Profit & Loss 0 0
Profit & Loss 0 0
Profit & Loss 0 0
Profit & Loss 0 0
Profit & Loss 9835.35 10,716
Profit & Loss 0 0
Profit & Loss 0 0
Profit & Loss 0 0
Profit & Loss 0 0
Profit & Loss 0 0
Profit & Loss 0 0
Profit & Loss 0 0
Profit & Loss 0 0
Profit & Loss 0 0
Profit & Loss 0 0
Profit & Loss 0 0
Profit & Loss 0 0
Profit & Loss 0 0
Profit & Loss 0 0
Profit & Loss 0 0
Profit & Loss 0 0
Profit & Loss 0 0
Profit & Loss 0 0
Profit & Loss 0 0
Profit & Loss 0 0
Profit & Loss 0 0
Profit & Loss 0 0
Profit & Loss 0 0
Profit & Loss 0 0
Profit & Loss 0 0
Profit & Loss 0 0
Profit & Loss 0 0
Profit & Loss 0 0
Profit & Loss 0 0
Profit & Loss 0 0
Profit & Loss 0 0
Profit & Loss 0 0
Profit & Loss 0 0
Profit & Loss 0 0
Profit & Loss 0 0
Profit & Loss 0 0
Profit & Loss 0 0
Profit & Loss 0 0
Profit & Loss 0 0
Profit & Loss 0 0
Profit & Loss 0 0
Profit & Loss 1608.6 1,714
Profit & Loss 0 0
Profit & Loss 0 0
Profit & Loss 397.95 459
Profit & Loss 0 0
Profit & Loss 0 0
Profit & Loss 0 0
Profit & Loss 3133.2 3,720
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Company Name XYZ Corporation Inc.

Reports Date
month
Number Months List
1 January 31, 1998
2 February 28, 1998
3 March 31, 1998
4 April 30, 1998
5 May 31, 1998
6 June 30, 1998
7 July 31, 1998
8 August 31, 1998
9 September 30, 1998
10 October 31, 1998
11 November 30, 1998
12 December 31, 1998
13 January 31, 1999
14 February 28, 1999
15 March 31, 1999
16 April 30, 1999
17 May 31, 1999
18 June 30, 1999
19 July 31, 1999
20 August 31, 1999
21 September 30, 1999
22 October 31, 1999
23 November 30, 1999
24 December 31, 1999
25 January 31, 2000
26 February 29, 2000
27 March 31, 2000
28 April 30, 2000
29 May 31, 2000
30 June 30, 2000
31 July 31, 2000
32 August 31, 2000
33 September 30, 2000
34 October 31, 2000
35 November 30, 2000
36 December 31, 2000
37 January 31, 2001
38 February 28, 2001
39 March 31, 2001
40 April 30, 2001
41 May 31, 2001
42 June 30, 2001
43 July 31, 2001
44 August 31, 2001
45 September 30, 2001
46 October 31, 2001
47 November 30, 2001
48 December 31, 2001
49 January 31, 2002
50 February 28, 2002
51 March 31, 2002
52 April 30, 2002
53 May 31, 2002
54 June 30, 2002
55 July 31, 2002
56 August 31, 2002
57 September 30, 2002
58 October 31, 2002
59 November 30, 2002
60 December 31, 2002
61 January 31, 2003
62 February 28, 2003
63 March 31, 2003
64 April 30, 2003
65 May 31, 2003
66 June 30, 2003
67 July 31, 2003
68 August 31, 2003
69 September 30, 2003
70 October 31, 2003
71 November 30, 2003
72 December 31, 2003
73 January 31, 2004
74 February 29, 2004
75 March 31, 2004
76 April 30, 2004
77 May 31, 2004
78 June 30, 2004
79 July 31, 2004
80 August 31, 2004
81 September 30, 2004
82 October 31, 2004
83 November 30, 2004
84 December 31, 2004
85 January 31, 2005
86 February 28, 2005
87 March 31, 2005
88 April 30, 2005
89 May 31, 2005
90 June 30, 2005
91 July 31, 2005
92 August 31, 2005
93 September 30, 2005
94 October 31, 2005
95 November 30, 2005
96 December 31, 2005
97 January 31, 2006
98 February 28, 2006
99 March 31, 2006
100 April 30, 2006
101 May 31, 2006
102 June 30, 2006
103 July 31, 2006
104 August 31, 2006
105 September 30, 2006
106 October 31, 2006
107 November 30, 2006
108 December 31, 2006
Level1 Level2 Level3
Assets Current Assets Cash
Assets Current Assets Accounts Receivable
Assets Current Assets Inventories
Assets Current Assets Other Current Assets
Assets Current Assets Prepaid Expenses
Assets Investments and other Assets Investment in Revenue Bond
Assets Investments and other Assets Patents, Trademarks and Goodwill
Assets Fixed Assets Land & Building
Assets Fixed Assets Machinery and Equipment
Assets Fixed Assets Furniture and Fixtures
Assets Fixed Assets Less: Accumulated Depreciation
Assets Fixed Assets Leasehold Improvements
Equity & Liabilities Current liabilities Current portion of long-term debt
Equity & Liabilities Current liabilities Accounts payable
Equity & Liabilities Current liabilities Accrued expenses - payroll
Equity & Liabilities Current liabilities Other accrued liabilities
Equity & Liabilities Current liabilities Income taxes payable
Equity & Liabilities Current liabilities Other current liabilities
Equity & Liabilities Long-term Liabilities Loans from financial institutions
Equity & Liabilities Long-term Liabilities Current Portion of Long-Term Debt
Equity & Liabilities Long-term Liabilities Equipment Leases Payable
Equity & Liabilities Long-term Liabilities Other long-term liabilities
Equity & Liabilities Long-term Liabilities Deferred tax liabilities
Equity & Liabilities Long-term Liabilities Pension fund loans
Equity & Liabilities Shareholders' Equity Capital Stock
Equity & Liabilities Shareholders' Equity Paid in Capital
Equity & Liabilities Shareholders' Equity Share Premium
Equity & Liabilities Shareholders' Equity Retained earnings
Equity & Liabilities Shareholders' Equity Net profit for the period
Profit & Loss Net Sales Sales
Profit & Loss Cost of Sales Cost of goods sold
Profit & Loss Expenses Research & Development
Profit & Loss Expenses Marketing
Profit & Loss Expenses General & Administration
Profit & Loss Expenses Amortization
Profit & Loss Non Operating Income Non Operating Income
Profit & Loss Non Operating Expenses Non Operating Expenses
Profit & Loss Special Gain ( Loss ) Special Gain ( Loss )
Profit & Loss Income Taxes Income Taxes
Notes # Notes Description
Note
Number Note Title
1 Summary of Significant Accounting Policies
2 Structure of Balance Sheet and Income Statements
3 Transactions with Affiliated and othe Related Parties
4 Currency Translation
5 Cash
6 Line of Credit
7 Notes & Account Recivable
8 Inventories
9 Prepaid Expenses
10 Property, Plant and equipment
11 Securities
12 Intangible Assets
13 Accounts Payable
14 Accrued Expenses
15 Other Payables
16 Note Payable
17 Equipment Leases Payable
18 Stockholder's Equity
19 Earnings Reserves and Retained Profits
20 Sales revenue
21 Labor And Materials
22 Selling
23 General & Administrative
24 Other Operating Expense
25 Other income (expense) - net
26 Income Taxes
27 Employee Benefit Plan
28
29
30
31
32
33
34
35
36
37
Balance Sheet, Income Statement,
Note Number & Title Cash Flow
Note 1 - Summary of Significant Accounting Policies
Note 2 - Structure of Balance Sheet and Income Statements
Note 3 - Transactions with Affiliated and othe Related Parties
Note 4 - Currency Translation
Note 5 - Cash Cash
Note 6 - Line of Credit Line of Credit
Note 7 - Notes & Account Recivable Accounts Receivable
Note 8 - Inventories Inventories
Note 9 - Prepaid Expenses Prepaid Expenses
Note 10 - Property, Plant and equipment Property and Equipment (at Cost)
Note 11 - Securities Investment in Revenue Bond
Note 12 - Intangible Assets Patents, Trademarks and Goodwill
Note 13 - Accounts Payable Accounts Payable
Note 14 - Accrued Expenses Accrued Expenses
Note 15 - Other Payables Other Payables
Note 16 - Note Payable Note Payable
Note 17 - Equipment Leases Payable Equipment Leases Payable
Note 18 - Stockholder's Equity Total Stockholder's Equity
Note 19 - Earnings Reserves and Retained Profits Retained Earnings
Note 20 - Sales revenue Sales
Note 21 - Labor And Materials Labor And Materials
Note 22 - Selling Selling
Note 23 - General & Administrative General & Administrative
Note 24 - Other Operating Expense Other Operating Expense
Note 25 - Other income (expense) - net Other income (expense) - net
Note 26 - Income Taxes Provision (benefit) for income taxes
Note 27 - Employee Benefit Plan
Note 28 -
Note 29 -
Note 30 -
Note 31 -
Note 32 -
Balance Sheet, Income
Statement, Cash Flow -
Note Balance Balance

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