1. Develop a financial income statement and balance sheet by combining the chart of account items on the DPSystems income statement and balance sheet in Tables 39 and 310.

2. List the chart of account numbers and major categories used in DPSystems accounting system.

3. How would a hotel chain use a property management system to incorporate items from individual hotels into their corporate financial statements?

DP Systems Income Statement January 1 through December 31, 2007, Cash Basis Ordinary Income/Expense Income 4200 - Services 4210 - Domain Registrations $ 2,580.00 4220 - Domain Hosting 11.130.00 4230 - Website Maintenance 44.090.00 Total 4200 - Services 57.800.00 4500 - Labor 6.450.00 Total Income 64.250.00 Expense 5080 - afice Supplies 5082 - Printer Supplies 394.18 5080 - orfice Supplles - ather 158.77 Total 5080 - Orlice Supplies 552.95 5110 - Computer Accessories 580.36 5120 - Postage and Delivery 78.15 5130 - PDA Access or les 108.70 5260 - Utilit les 5261 - Internet 540.00 5262 - Wireless Phone 3.501.33 Total 5260 - Utilities 4.041.33 5330 - Promotions 1.390.60 5390 - Travel & Entertainment 5391-Entertainment 1.492.30 5392-Meals 1.014.17 5393 - Travel 1. 129.07 5394 - Gas 395.99 Total 5390 - Travel & Entertainment 4.031.53 5580 - Donations 1.881.96 5640 - Professlonal Fees 5642. Accounting 954.00 5643 - Cleaning Services 1.528.00 Total 5640 - Profes slonal Fees 2.482.00 5700 - Software 5701 - Desktop Software 107.56 5702 - PDA Software 99.35 Total 5700 - Software 206.91 5710 - Hardware 108.09 5720 - Bank Service Charges 78.90 5760 - Bad Debt 244.00 5800 - Dues and Subscriptions 142.45 6050 - Contract Services 80.00 6110. Automobile Expense 34.88 6130 - Cash Discounts 3.00 6180 - Insurance 256.00 6260 - Printing and Reproduction 13.01 6300. Repairs 6340 - Automobile Repairs 553.98 Total G300 - Repairs 553.98 6500-Payroll-David Sobelman 15.000.00 6510-Payroll Taxes 1.147.50 6700-Domain Registrations 1.691.80 6710-Domain Hosting 550.20 Total Expense 35.238.30 Net Ordinary Income 29.011.70 Other Inc ome/Expense Other Income 8100-Interest Income 19.89 Total Other Income 19.69 Net Other Income 19.69 Net Income $ 29.031.39 TABLE 310 DPSystems Balance Sheet DP Systems Balance Sheet As of December 31, 2007, Cash Basis December 31, 2007 ASSETS Current Assets Checking/Savings 1030. Money Market $ 7.242.93 1031 . Checking 4.695.29 1033 Barter 1.416.99 Total Checking/Savings 13.355.21 Accounts Receivable 1035 Accounts Receivable (50.00) Total Accounts Receivable (50.00) Other Current Assets 1040 Undeposited Funds 410.00 Total Other Current Assets 410.00 Total Current Assets 13.715.21 Fixed Assets 1400 Depreciation Allowance (19.865.97) 1500. Computers 1505 - Hardware Parts 1.105.61 1500 - Computers-Other 3.135.87 Total 1500 - Computers 4.241. 4.241.48 1520 Furniture 12.522.43 1550 Monitors 1.498.40 1580. Printers 930.98 1570 PDA 810.00 1590 Misc Assets 3.902.62 Total Fixed Assets 4.039.94 Other Assets 1700 - Organization Expense 820.00 1705 . Accumulated Amortiza (310.00) Total Other Assets 310.00 TOTAL ASSETS 18.065.15 LIABILITIES & EQUITY Liabilities Current Liabilities Credit Cards 2200 American Express 1.391.26 Total Credit Cards 1.391.26 Other Current Liabilities 2350. Payroll Withholdings 2354 State W/H Payable 600.00 Total 2350 Payroll Withholdir 800.00 Total Other Current Liabilities 800.00 Total Current Liabilities 1.991.26 Total Liabilities 1.991.26 Equity 3100 Retained Eamings 21,624.39 3200 David's Equity 3210 David's Equity Investn 2.993.46 3230 David's Equity Draws (37.455.73) 3200 David's Equity-Other (119.62) Total 3200 David's Equity (34.581.89) Net Income 29.031.39 Total Equity 16.073.89 TOTAL LIA BILITIES & EQUITY $ 18.065.15