natural sign	Debit / (Credit) format
Section one:	data	bal sht	inc stmt
Equipment	40,000
Interest Expense	2,400
Interest Payable	600
Current Year Earnings	?	145,200
Dividends	50,400
Land	137,320		137,320
Inventory	102,000	102,000
Bonds Payable	78,000
Notes Payable (due in 6 months)	14,400	14,400
Common Stock	60,000
Accumulated Depreciation - Eq.	10,000	(10,000)
Prepaid Advertising	5,000		5,000
Revenue	331,400
Buildings	80,400
Other Current Assets	1,860
Taxes Payable	3,000	(3,000)
Utilities Expense	1,320		1,320
Advertising Expense	1,560		1,560
Salary Expense	53,040
Salaries Payable	900
Accumulated Depr. - Bld.	15,000
Cash	30,000
Depreciation Expense, Building & Equipment	8,000
Balance Check - Total		248,600	145,200
Leong Corporation
Balance Sheet
31-Dec-10
Assets
Cash		$30,000
Inventory		102,000
Other Current Assets
Prepaid advertising		5,000
Total current assets
Land	137320
Building		80400
Accumulated depreciation - bld
Equipment		40000
Accumulated depreciation -eq	-10,000
Total assets			$371,580
Liabilities & Stockholders' Equity
Notes payable
Taxes payable		3,000
Salaries payable
Interest payable
Total current liabilities
Long-term liabilities
Bond payable
Total liabilities
Common stock
Retained earnings (net of dividend paid)
Total stockholders' equity			274,680
Total liabilities & stockholders' equity