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The following transactions occurred for PLATINUM IT SERVICES during the month of December 2018 and January 2019: 112/01/18 Opened a corporate bank account at Chase Bank 2 12/01/18 Purchase of 10,000 shares of Platinum IT Services stock each by co-founders at a par value of $30 per share 3 12/01/18 Company borrowed S80 000 from Chase Bank at 5% annually for 3 years to finance further hirings. All interest is accrued and payable starting date of when the loan was approved. 4 12/01/18 Licensed computer Boftware from Supreme Computer Code for $10,000 for a period of 5 years, putting down S5 500 with the balance due on 01/18/18 Ck. #1008, Inv 158 5 12/01/18 Deposit all proceeds from the capital raise into the Chase checking bank account 6 12/02/18 Purchased two automobiles (vans) for S42.351 each to Bervice customer calls (useful life is 5 years) Ch. #1002, nv#180091 11 7 12/03/18 Entered into a 10 year office lease (5,000 square feet) at $12 per square foot per year 8 12/03/18 Bought supplies on account from Office Depot, $1,185, Inv. #1425 12/04/18 Paid $251,610 total in leasehold improvements to general contractor to upgrade the office space Cle #1004, Inv. # 004 12/05/18 Paid a deposit (one month's rent) and current month's rent Cle #1003. 9 10 11 12/06/18 Received a bill from The LA Times for advertising during the month of December, $2,501, Inv. LAT #198 12 12/08/18 Purchased furniture and fixtures for $100,000 (useful life is 5 years) Cl1 #1001, Inv. # 1537 13 12/09/18 Purchased for $161,050 office computers and equipment from BestBuy useful life is 3 years using corporate Chase Ink card (All credit card balances are paid in full on the 28th of every month) 14 12/10/18 Bought an electric sign (useful life is 3 years) from Mega Light Signs, $5,500, putting $1,000 down, and placing the balance on account, Ck #1004, Inv. 6712. 15 12/11/18 Provided IT services to Client #1 on account for $25,510 16 12/12/18 Performed and billed Client #2 for repair services for $15,050. 17 12/16/18 Received and paid bill from the City of Los Angeles for license to do business for the year of 2018; $35 Ck. #1009 (Miscellaneous Expense) 12/16/18 Performed consultation services on account for Client #3, $32,100 12/19/18 Performed installation services on account for Client #4, $105,000 12/20/18 Took all employees out for a birthday celebration to Maestro's for $5,010, and paid bill by credit card 12/22/18 Paid the balance due to Supreme Com puter Code Ck #1009, Inv #168 12/25/18 Paid salesperson's submitted travel reimbursement request for $100, ck #1012 12/28/18 Received and paid the December 2018 electric bill, $500, Ck. #1011. 12/29/18 Company received a bill from auto mechanic for $600 due within 30 days, Inv# 019697 12/31/18 Declared and paid a dividend of S5,000 to each of the owners 12/31/18 Owner's each purchased 1,000 additional shares/stock for $25 per share 01/05/19 Pald commissions to salesperson 01/05/19 Company paid current month's rent 01/08/19 Paid on account to The LA TImes, $650, Ck. #1006, Inv. LAT 198 01/09/19 Hired a new sales associate for $150,000 a year 18 19 20 21 22 23 24 25 26 27 28 29 30 PLATINUM IT SERVICES Adjusted Trial Balance Income Statement Balance Sheet Trial Balance Adjustments Account Titles Dr. Cr Cash-Checking Account Accounts Reivable Computer and Office Equipment Furniture & Fixtures (F&F) Electric Sign Accumulated Depreciation-Electric Sign Accumulated Depreciation-Autos Intangible Assets- Sotware License Accounts Payable Acmunts Payable-Credit Cards Notes Payable Commissions Payable Interest Payable Unearned Service Revenue Common Stock Service Revenue Advertising Expense Commissions Expense Miscellaneous Expense Travel Expenses Meals and Entertainment Expenses Rent Expense 0.00 0.00 Interest Expense Supplies Expense Intcest Expense Supplies Expense Deprociation Expense Amortization Expense Totals 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Income Summary Retained Eamings Totals 0.00 0.00 0.00 0.00 The following transactions occurred for PLATINUM IT SERVICES during the month of December 2018 and January 2019: 112/01/18 Opened a corporate bank account at Chase Bank 2 12/01/18 Purchase of 10,000 shares of Platinum IT Services stock each by co-founders at a par value of $30 per share 3 12/01/18 Company borrowed S80 000 from Chase Bank at 5% annually for 3 years to finance further hirings. All interest is accrued and payable starting date of when the loan was approved. 4 12/01/18 Licensed computer Boftware from Supreme Computer Code for $10,000 for a period of 5 years, putting down S5 500 with the balance due on 01/18/18 Ck. #1008, Inv 158 5 12/01/18 Deposit all proceeds from the capital raise into the Chase checking bank account 6 12/02/18 Purchased two automobiles (vans) for S42.351 each to Bervice customer calls (useful life is 5 years) Ch. #1002, nv#180091 11 7 12/03/18 Entered into a 10 year office lease (5,000 square feet) at $12 per square foot per year 8 12/03/18 Bought supplies on account from Office Depot, $1,185, Inv. #1425 12/04/18 Paid $251,610 total in leasehold improvements to general contractor to upgrade the office space Cle #1004, Inv. # 004 12/05/18 Paid a deposit (one month's rent) and current month's rent Cle #1003. 9 10 11 12/06/18 Received a bill from The LA Times for advertising during the month of December, $2,501, Inv. LAT #198 12 12/08/18 Purchased furniture and fixtures for $100,000 (useful life is 5 years) Cl1 #1001, Inv. # 1537 13 12/09/18 Purchased for $161,050 office computers and equipment from BestBuy useful life is 3 years using corporate Chase Ink card (All credit card balances are paid in full on the 28th of every month) 14 12/10/18 Bought an electric sign (useful life is 3 years) from Mega Light Signs, $5,500, putting $1,000 down, and placing the balance on account, Ck #1004, Inv. 6712. 15 12/11/18 Provided IT services to Client #1 on account for $25,510 16 12/12/18 Performed and billed Client #2 for repair services for $15,050. 17 12/16/18 Received and paid bill from the City of Los Angeles for license to do business for the year of 2018; $35 Ck. #1009 (Miscellaneous Expense) 12/16/18 Performed consultation services on account for Client #3, $32,100 12/19/18 Performed installation services on account for Client #4, $105,000 12/20/18 Took all employees out for a birthday celebration to Maestro's for $5,010, and paid bill by credit card 12/22/18 Paid the balance due to Supreme Com puter Code Ck #1009, Inv #168 12/25/18 Paid salesperson's submitted travel reimbursement request for $100, ck #1012 12/28/18 Received and paid the December 2018 electric bill, $500, Ck. #1011. 12/29/18 Company received a bill from auto mechanic for $600 due within 30 days, Inv# 019697 12/31/18 Declared and paid a dividend of S5,000 to each of the owners 12/31/18 Owner's each purchased 1,000 additional shares/stock for $25 per share 01/05/19 Pald commissions to salesperson 01/05/19 Company paid current month's rent 01/08/19 Paid on account to The LA TImes, $650, Ck. #1006, Inv. LAT 198 01/09/19 Hired a new sales associate for $150,000 a year 18 19 20 21 22 23 24 25 26 27 28 29 30 PLATINUM IT SERVICES Adjusted Trial Balance Income Statement Balance Sheet Trial Balance Adjustments Account Titles Dr. Cr Cash-Checking Account Accounts Reivable Computer and Office Equipment Furniture & Fixtures (F&F) Electric Sign Accumulated Depreciation-Electric Sign Accumulated Depreciation-Autos Intangible Assets- Sotware License Accounts Payable Acmunts Payable-Credit Cards Notes Payable Commissions Payable Interest Payable Unearned Service Revenue Common Stock Service Revenue Advertising Expense Commissions Expense Miscellaneous Expense Travel Expenses Meals and Entertainment Expenses Rent Expense 0.00 0.00 Interest Expense Supplies Expense Intcest Expense Supplies Expense Deprociation Expense Amortization Expense Totals 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Income Summary Retained Eamings Totals 0.00 0.00 0.00 0.00

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