[Fwd: Re: Balance Sheet Confusion]

Mon Jul 7 21:42:33 EDT 2008

Here are the balance sheets as attachments, they should be much more
readable.

--Tony

Hi Jannick,

Here is the balance sheet as of 9/30/07, and 7/2/08.    To answer
Charles' question, yes the balance sheet does balance.

The Net Income as of 09/30/07 is $56,626.36

The Net Income as of 07/02/08 is -$26,729.73

-------------- next part --------------
  Balance Sheet 07/02/2008

   Assets
   [1]Assets             $0.00
       [2]Accumulated Depreciation         -$207,043.00
       [3]Computer Hardware         $178,269.81
       [4]Current Assets     $0.00
           [5]Franchise Tax Board Deposit $800.00
           [6]BoA Checking $9,179.52
           [7]Savings Account $0.00
       [8]Furniture & Fixtures         $11,836.74
       [9]Shareholder Advance-Wm Nelson         -$10,000.00
       [10]Vehicles         $27,387.12
       [11]Accounts Receivable         $19,517.95
   [12]Imbalance-USD                 $0.00
   [13]Orphan-USD                 $0.00
   Total Assets                 $29,948.14
     __________________________________________________________________
     __________________________________________________________________

   Liabilities
   [14]Liabilities             $0.00
       [15]Credit Card         $0.00
       [16]Fica Payable         $0.00
       [17]FIT Payable         $0.00
       [18]FUI Payable         $0.00
       [19]Medicare Payable         $0.00
       [20]SDI Payable         $0.00
       [21]Sep/Ira Payable         $0.00
       [22]SIT Payable         $0.00
       [23]Accounts Payable         $0.00
   Total Liabilities                 $0.00
     __________________________________________________________________

   Equity
   [24]Equity             $0.00
       [25]Common Stock         $47,686.74
       [26]Opening Balances         -$56,626.36
       [27]Retained Earnings         $8,991.13
   Retained Earnings                 $29,896.63
   Total Equity                 $29,948.14
     __________________________________________________________________

   Total Liabilities & Equity                 $29,948.14

References

   1. gnc-register:acct-guid=abe464981c9089d9f7c4b511ed8a3b23
   2. gnc-register:acct-guid=fd7219713380d5db72aff170e1749675
   3. gnc-register:acct-guid=3f1d7ae8649e35ed43743ebc1fa0f998
   4. gnc-register:acct-guid=7a7b402c022a6f967a6f3949b46d9489
   5. gnc-register:acct-guid=f97c686609f7330931b66232af6bb058
   6. gnc-register:acct-guid=11ef99e644dde77f8662e1798b40ad1f
   7. gnc-register:acct-guid=16bc8ed72964a63c884f219a52f5c330
   8. gnc-register:acct-guid=2ced96e6921cdaded17abbcbb5906859
   9. gnc-register:acct-guid=bcbae64acdc23b39df587bb85f8e7dee
  10. gnc-register:acct-guid=09430d294bb49abcaf42addbb6e1e388
  11. gnc-register:acct-guid=7fad24b18e695594f7015f2c40bfecb9
  12. gnc-register:acct-guid=f7028b37b2cb8614a4c6bc87da41a4ea
  13. gnc-register:acct-guid=d00cab549e2c81ea75805f768f798d18
  14. gnc-register:acct-guid=f1a639fc1447d936a446b50ccf612cbb
  15. gnc-register:acct-guid=ddc6326e1f32cbc577a75b01b7345bee
  16. gnc-register:acct-guid=5a5fdb7d80abec86a43cbc9063915dae
  17. gnc-register:acct-guid=05fb9f5f7932ffefcf03ba968a3357bb
  18. gnc-register:acct-guid=92f81da2d1aeec45a147187b8795cd92
  19. gnc-register:acct-guid=bccc0d8570d79c3a5214ddbcb8319262
  20. gnc-register:acct-guid=503ae0ade05aa7c062dd0266d4a29e65
  21. gnc-register:acct-guid=4f05b579d527d208c852081495aa530f
  22. gnc-register:acct-guid=f2030b3115a7d6a0422262d1beb51d8e
  23. gnc-register:acct-guid=108ba6f580107056922382675eedc636
  24. gnc-register:acct-guid=6e663f785b2986c544048993ca7f1a64
  25. gnc-register:acct-guid=fd792e1a5a23445c4955d199ddf15e97
  26. gnc-register:acct-guid=0a3b5e9ae00e1af34dbb638a0d101bd4
  27. gnc-register:acct-guid=8a08df920e606eab59b937e1f45ced43
-------------- next part --------------
  Balance Sheet 09/30/2007

   Assets
   [1]Assets             $0.00
       [2]Accumulated Depreciation         -$207,043.00
       [3]Computer Hardware         $176,435.01
       [4]Current Assets     $0.00
           [5]Franchise Tax Board Deposit $800.00
           [6]BoA Checking $19,018.64
           [7]Savings Account $0.00
       [8]Furniture & Fixtures         $11,836.74
       [9]Shareholder Advance-Wm Nelson         $798.00
       [10]Vehicles         $27,387.12
       [11]Accounts Receivable         $56,626.36
   [12]Imbalance-USD                 $0.00
   [13]Orphan-USD                 $0.00
   Total Assets                 $85,858.87
     __________________________________________________________________
     __________________________________________________________________

   Liabilities
   [14]Liabilities             $0.00
       [15]Credit Card         $0.00
       [16]Fica Payable         $0.00
       [17]FIT Payable         $0.00
       [18]FUI Payable         $56.00
       [19]Medicare Payable         $0.00
       [20]SDI Payable         $0.00
       [21]Sep/Ira Payable         $29,125.00
       [22]SIT Payable         $0.00
       [23]Accounts Payable         $0.00
   Total Liabilities                 $29,181.00
     __________________________________________________________________

   Equity
   [24]Equity             $0.00
       [25]Common Stock         $47,686.74
       [26]Opening Balances         -$56,626.36
       [27]Retained Earnings         $8,991.13
   Retained Earnings                 $56,626.36
   Total Equity                 $56,677.87
     __________________________________________________________________

   Total Liabilities & Equity                 $85,858.87

References

   1. gnc-register:acct-guid=abe464981c9089d9f7c4b511ed8a3b23
   2. gnc-register:acct-guid=fd7219713380d5db72aff170e1749675
   3. gnc-register:acct-guid=3f1d7ae8649e35ed43743ebc1fa0f998
   4. gnc-register:acct-guid=7a7b402c022a6f967a6f3949b46d9489
   5. gnc-register:acct-guid=f97c686609f7330931b66232af6bb058
   6. gnc-register:acct-guid=11ef99e644dde77f8662e1798b40ad1f
   7. gnc-register:acct-guid=16bc8ed72964a63c884f219a52f5c330
   8. gnc-register:acct-guid=2ced96e6921cdaded17abbcbb5906859
   9. gnc-register:acct-guid=bcbae64acdc23b39df587bb85f8e7dee
  10. gnc-register:acct-guid=09430d294bb49abcaf42addbb6e1e388
  11. gnc-register:acct-guid=7fad24b18e695594f7015f2c40bfecb9
  12. gnc-register:acct-guid=f7028b37b2cb8614a4c6bc87da41a4ea
  13. gnc-register:acct-guid=d00cab549e2c81ea75805f768f798d18
  14. gnc-register:acct-guid=f1a639fc1447d936a446b50ccf612cbb
  15. gnc-register:acct-guid=ddc6326e1f32cbc577a75b01b7345bee
  16. gnc-register:acct-guid=5a5fdb7d80abec86a43cbc9063915dae
  17. gnc-register:acct-guid=05fb9f5f7932ffefcf03ba968a3357bb
  18. gnc-register:acct-guid=92f81da2d1aeec45a147187b8795cd92
  19. gnc-register:acct-guid=bccc0d8570d79c3a5214ddbcb8319262
  20. gnc-register:acct-guid=503ae0ade05aa7c062dd0266d4a29e65
  21. gnc-register:acct-guid=4f05b579d527d208c852081495aa530f
  22. gnc-register:acct-guid=f2030b3115a7d6a0422262d1beb51d8e
  23. gnc-register:acct-guid=108ba6f580107056922382675eedc636
  24. gnc-register:acct-guid=6e663f785b2986c544048993ca7f1a64
  25. gnc-register:acct-guid=fd792e1a5a23445c4955d199ddf15e97
  26. gnc-register:acct-guid=0a3b5e9ae00e1af34dbb638a0d101bd4
  27. gnc-register:acct-guid=8a08df920e606eab59b937e1f45ced43