This section is from the book "Real Estate Accounts", by Walter Mucklow. Also available from Amazon: Real Estate Accounts.
A schedule should be prepared showing the items composing the total of this account, the due date of each note and an indication of the purpose for which it was given, e.g., "In payment for Barnes land," "Bank loan," etc.
THE ALPHA ANALYSIS OF TRIAL
ACCT. Nos. | Accounts | ||||
Debit | Credit | Debit | Credit | ||
1 | Accounts Payable.......... | $3,420.00 | ............. | ............. | |
2 | Advertising.......... | $12,114.02 | ..................... | $12,114.02 | ............. |
3 | Automobiles............. | 1,138.02 | ..................... | 400.00 | ............. |
4 | Bills Payable.............. | .................... | 81,340.00 | ............. | ............. |
5 | Bills Receivable........... | 1,250.00 | ..................... | 75.00 | ............. |
6 | Brick-yard Royalties............ | ............... | 1,300.00 | .... | ............. |
7 | Building - Green............ | 1,250.00 | ..................... | ............. | ............. |
8 | " Black.......... | 72.50 | ..................... | 72.50 | ............. |
9 | " Brown............. | ............... | 325.00 | ............. | ............. |
10 | Cancellation Profits.......... | ..................... | 3,400.00 | ............. | $3,445.00 |
11 | Capital Stock......... | ..................... | 305,000.00 | ............. | ............. |
12 | Charity........... | 37.00 | ..................... | 37.00 | ............. |
13 | Commissions Earned.......... | ..................... | 5,220.00 | ............. | 5,220.00 |
14 | " Paid.............. | 8,325.00 | ..................... | 8,325.00 | ............. |
15 | Contracts...................... | 165,770.00 | ..................... | ............. | ............. |
16 | " Payable............ | ..................... | 8,002.40 | ............. | ............. |
17 | Dawes Purchase............... | 8,640.00 | ..................... | ............. | ............. |
18 | Directors' Meetings............ | 185.00 | ..................... | 185.00 | ............. |
19 | Dividends Unpaid.............. | ..................... | 520.66 | ............. | ............. |
20 | Eureka Gardens Contracts........ | 2,460.00 | ..................... | ............. | ............. |
21 | " Purchase......... | ..................... | 1,375.66 | ............. | ............. |
22 | " Gains.......... | ..................... | 1,330.00 | ............. | ............. |
23 | " " Expense............ | 40.00 | ..................... | 40.00 | ............. |
24 | Expense, General........... | 12,440.00 | ..................... | 12,440.00 | ............. |
25 | " Legal........... | 1,522.00 | ..................... | 1,522.00 | ............. |
26 | " Mortgage........... | 548.50 | ..................... | ............. | ............. |
27 | Fairmount Contract.......... | 1,915.00 | ..................... | ............. | ............. |
28 | " Purchase............ | ..................... | 1,200.00 | ............. | ............. |
29 | " Gains........... | ..................... | 1,200.00 | ............. | ............. |
30 | " Expense.......... | 5,795.00 | ..................... | ......... | ............. |
31 | Gain on Sales............. | ..................... | 88,045.84 | ............. | 17,857.32 |
32 | Grandville Contracts........... | 1,827.42 | ..................... | ............. | ............. |
33 | " Purchase.......... | 5,378.00 | ..................... | ............. | ............. |
34 | " Gains......... | ..................... | l,056.80 | 395.20 | ............. |
35 | Handbook............ | 985.00 | ..................... | ............. | ............. |
36 | Hilton, A. B........... | 130.00 | ..................... | ............. | ............. |
37 | Improvements............... | 10,000.00 | ..................... | ............. | ............. |
38 | Insurance.............. | 711.28 | ..................... | 711.28 | ............. |
39 | Insurance Mortgage............... | 283.75 | ..................... | ......... | ............. |
40 | Interest Earned................ | ..................... | 9,840.66 | ............. | 9,840.00 |
41 | " Paid........... | 4,640.00 | ..................... | 4,640.00 | ............. |
42 | " Mortgage Payable.............. | 11,120.00 | ..................... | 11,120.00 | ............. |
43 | " Overdue Mtge. Pble...... | ..................... | 120.00 | ......... | ............. |
44 | " Mortgage Receivable..... | ..................... | 2,400.00 | ............. | 2,400.66 |
45 | " Overdue Mtge. Rec.. | 1,178.10 | ..................... | ......... | ............. |
46 | " Unearned.......... | ..................... | 3,529.82 | ............. | 1,400.08 |
47 | Judgments........... | 925.00 | ..................... | ............. | ............. |
48 | Kingslake Contracts.......... | 61,799.88 | ..................... | ......... | ............. |
49 | " Purchase........ | 1,272.11 | ..................... | ............. | ............. |
50 | " Gains......... | ..................... | 106,902.00 | ............. | ............. |
51 | " Expense......... | 83,370.60 | ..................... | ............. | ............. |
52 | " Lots.......... | 751.90 | ..................... | ............. | ............. |
53 | " Commissions.......... | 461.40 | ..................... | 461.40 | ............. |
54 | " Owner........... | ..................... | ..................... | ............. | ............. |
55 | Ladore Contracts........... | 30,506.00 | ..................... | ............. | ............. |
56 | " Purchase............ | 38,840.00 | ..................... | ............. | ............. |
57 | " Gains......... | ..................... | 25,470.00 | ............. | 10,066.66 |
58 | " Expense......... | 4,229.04 | ..................... | ............. | ............. |
59 | " Commissions......... | ..................... | 1,580.00 | ............. | ............. |
60 | " Town Lots......... | 10,560.00 | ..................... | ............. | ............. |
LAND COMPANY BALANCE - DECEMBER 31, 1916
Real Estate | Contracts | Accts. Receiv. | Accts. Payable | Balance Sheet Items | |||
Debit | Debit | Credit | Debit | Credit | Debit | Credit | |
1 | ....... | .......... | ....... | ....... | ....... | ....... | $3,420.00 |
2 | ....... | ....... | ....... | ....... | ....... | ....... | ....... |
3 | ....... | ....... | ....... | ....... | ....... | $738.02 | ....... |
4 | ....... | ....... | ....... | ....... | ....... | 81,340.00 | |
5 | ....... | ....... | ....... | ....... | ....... | 1,175.00 | ....... |
6 | ....... | ....... | ....... | ....... | ....... | ....... | ....... |
7 | $1,250.00 | ....... | ....... | ....... | ....... | ....... | ....... |
8 | ....... | ....... | ....... | ....... | ....... | ................. | ....... |
9 | ....... | ....... | ....... | ....... | ....... | ................. | 325.00 |
10 | ....... | ....... | ....... | ....... | ....... | ....... | ....... |
11 | ....... | ....... | ....... | ....... | ....... | ....... | 305,000.00 |
12 | ....... | ....... | ....... | ....... | ....... | ....... | ....... |
13 | ....... | ....... | ....... | ....... | ....... | ....... | ....... |
14 | ....... | ....... | ....... | ....... | ....... | ....... | ....... |
15 | ....... | $165,770.00 | ....... | ....... | ....... | ....... | .............. |
16 | ....... | ....... | ....... | ....... | .............. | ....... | 8,002.40 |
17 | 8,640.00 | ....... | ....... | ....... | ....... | ................. | ....... |
18 | ....... | ....... | ....... | ....... | ....... | ....... | ....... |
19 | ....... | ....... | ....... | ....... | ....... | ....... | 520.00 |
20 | ....... | 2,205.00 | ....... | ....... | ....... | ....... | ....... |
21 | ....... | ....... | ....... | ....... | ....... | ....... | 1,195.00 |
22 | ....... | ....... | $1,210.00 | ....... | ....... | ....... | ....... |
23 | ....... | ....... | ....... | ............... | ....... | ....... | ....... |
24 | ....... | ....... | ....... | ....... | ....... | ....... | ....... |
25 | ....... | ....... | ....... | ....... | ....... | ....... | ....... |
26 | ....... | ....... | ....... | ....... | ....... | 548.50 | ....... |
27 | ....... | 1,915.00 | ....... | ....... | .............. | ....... | ....... |
28 | ....... | ....... | ....... | ....... | ....... | ....... | 1,200.00 |
29 | ....... | ....... | 1,200.00 | ....... | ....... | ....... | ....... |
30 | 5,795.00 | ....... | ....... | ....... | ....... | ....... | ....... |
31 | ....... | ....... | 70,188.52 | ....... | ....... | ....... | ....... |
32 | ....... | 1,827.42 | ....... | ....... | ....... | ....... | ....... |
33 | 5,378.00 | ....... | ....... | ....... | ....... | ....... | ....... |
34 | ....... | ....... | 1,452.00 | ....... | ....... | ....... | ....... |
35 | ....... | ....... | ....... | ....... | ....... | 985.00 | ....... |
36 | ....... | ....... | ....... | $130.00 | ....... | ....... | ....... |
37 | 10,000.00 | ....... | ....... | ....... | ....... | ....... | ....... |
38 | ....... | ....... | ....... | ....... | ....... | ....... | ....... |
39 | ....... | ....... | ....... | ....... | ....... | 283.75 | ....... |
40 | ....... | ....... | ....... | ....... | ....... | ....... | ....... |
41 | ....... | ....... | ....... | ....... | ....... | ....... | ....... |
42 | ....... | ....... | ....... | ....... | ....... | ....... | ....... |
43 | ....... | ....... | ....... | ....... | ....... | ....... | 120.00 |
44 | ....... | ....... | ....... | ....... | ....... | ....... | ....... |
45 | ....... | ....... | ....... | ....... | ....... | 1,178.10 | ....... |
46 | ....... | ....... | 2,129.74 | ....... | ....... | ....... | ....... |
47 | ....... | ....... | ....... | 925.00 | ....... | ....... | ....... |
48 | ....... | 61,799.88 | ....... | ....... | ....... | ....... | ....... |
49 | 1,272.11 | ....... | ....... | ............... | .............. | ....... | ....... |
50 | ....... | ....... | 51,738.11 | ....... | ....... | ....... | ....... |
51 | 17,206.71 | ....... | ....... | ....... | ....... | ....... | ....... |
52 | 751.90 | ....... | ....... | ............... | ....... | ....... | ....... |
53 | ....... | ....... | ....... | ....... | ....... | ....... | ....... |
54 | ....... | ....... | ....... | ....... | ....... | 11,000.00 | ....... |
55 | ....... | 30,506.00 | ....... | ....... | ....... | ....... | ....... |
56 | 45,569.04 | ....... | ....... | ....... | ....... | ....... | ....... |
57 | ....... | ....... | 15,404.00 | ....... | ....... | ....... | ....... |
58 | ....... | ....... | ....... | ....... | ....... | ....... | 2,500.00 |
59 | ....... | ....... | ....... | ....... | ....... | ....... | 1,580.00 |
60 | 10,560.00 | ....... | ....... | ............. | ....... | ....... | ....... |
THE ALPHA ANALYSIS OF TRIAL
Acct. Nos. | Accounts | Trial Balance | Profit & Loss | ||
Debit | Credit | Debit | Credit | ||
61 | Life Insurance..................... | 2,120.00 | .......................... | 2,120.00 | ...................... |
62 | Malvern Hill Contracts............... | 37,467.00 | .......................... | ............... | ...................... |
63 | " " Purchase............ | 34,057.00 | .......................... | ............... | ...................... |
64 | " " Gains........... | .......................... | 23,022.00 | ............... | 9,922.19 |
65 | " " Expense....... | 7.25 | .......................... | 7.25 | ...................... |
66 | Manning, R.................... | .......................... | 212.00 | ............... | ...................... |
67 | Mortgage Deficiency Account...... | ......... | 2,000.00 | ............... | ...................... |
68 | Mortgages Payable........... | .......................... | 257,422.30 | ............... | ...................... |
69 | " Receivable........ | 45,000.00 | .......................... | ............... | ...................... |
70 | " in Settlement....... | 5,250.00 | .......................... | ............... | ...................... |
71 | Office Furniture......... | 3,200.00 | .......................... | 480.00 | ...................... |
72 | " Fixtures...... | 3,156.00 | .......................... | 473.40 | ...................... |
73 | Options Granted.......... | .......................... | 5,200.00 | ............... | ...................... |
74 | " Held........ | 3,400.00 | .......................... | ............... | ...................... |
75 | Parkville Contracts.......... | 18,842.00 | .......................... | ............... | ...................... |
76 | " Purchase........ | .......................... | 8,725.00 | ............... | ...................... |
77 | " Gains........... | .......................... | 9,796.00 | ............... | 1.87 |
78 | " Expense......... | 783.20 | .......................... | 783.20 | ...................... |
79 | " Commission........ | 275.00 | .......................... | 275.00 | ...................... |
80 | Petty Cash........... | 75.00 | .......................... | ......... | ...................... |
81 | Postage.................. | 725.00 | .......................... | 725.00 | ...................... |
82 | Profit & Loss.......... | .......................... | 75,405.10 | ............... | ...................... |
83 | Profits............... | .......................... | 8,242.10 | ............... | 8,242.10 |
84 | Prospect Park Contract........ | 1,158.98 | .......................... | ............... | ...................... |
85 | " " Gains........ | .......................... | 1,576.00 | ............... | 587.42 |
86 | " " Purchase...... | 3,402.00 | .......................... | ............... | ...................... |
87 | " " Expense...... | 85.00 | .......................... | 85.00 | ...................... |
88 | Real Estate................ | 473,130.13 | .......................... | ......... | ...................... |
89 | Rent Account........... | .......................... | 5,780.00 | ............... | 5,780.00 |
90 | Repairs............ | 1,245.60 | .......................... | 1,245.60 | ...................... |
91 | Rinders, T............ | 280.00 | .......................... | ......... | ...................... |
92 | " " Reserve......... | .......................... | 525.33 | ......... | ...................... |
93 | .......................... | 210,418.52 | ......... | ...................... | |
94 | Salaries.......... | 23,805.00 | .......................... | 23,805.00 | ...................... |
95 | So. Bay Farm Contracts........... | 212,814.00 | .......................... | ............... | ...................... |
96 | " " " Gains.......... | .......................... | 239,657.65 | ............... | 72,388.65 |
97 | " " " Purchase........... | 95,580.00 | .......................... | ............... | ...................... |
98 | " Villa Contracts.......... | 32,850.00 | .......................... | ............... | ...................... |
99 | " " " Gains............... | .......................... | 32,640.66 | ............... | 5,019.86 |
100 | " " " Purchase........ | 29,550.00 | .......................... | ............... | ...................... |
101 | " " Front Purchase........ | 19,560.00 | .......................... | ............... | ...................... |
102 | " " Expense........... | 32,805.00 | .......................... | 11,000.00 | ...................... |
103 | " " Commissions............ | 4,750.00 | .......................... | 4,750.00 | ...................... |
104 | " Reserve.......... | .......................... | 72,000.66 | ............... | ...................... |
105 | Sperry, J. M............. | 422.00 | .......................... | ............... | ...................... |
106 | Stationery & Printing............ | 472.00 | .......................... | 472.00 | ...................... |
107 | Stumpage................ | .......................... | 6,250.00 | ............... | ...................... |
108 | Suspense............ | 750.00 | .......................... | ............... | ...................... |
109 | Taxes........... | 398.63 | .......................... | 398.63 | ...................... |
110 | " Mortgage.......... | 308.15 | .......................... | ............... | ...................... |
111 | Torbay Heights Contracts......... | 11,283.00 | .......................... | ............... | ...................... |
112 | " " Purchase...... | .......................... | 4,450.00 | ............... | ...................... |
113 | " " Gains........ | .......................... | 5,220.00 | ............... | ...................... |
114 | " " Townley, J.R...... | ............ | 470.00 | ............... | ...................... |
115 | Treasury Stock...... | 22,000.00 | .......................... | ............... | ...................... |
116 | Cash - Superintendent.......... | 120.00 | .......................... | ............... | ..................... |
117 | Cash in Bank................ | 7,990.40 | .......................... | ......... | ...................... |
$1,621,588.86 | $1,621,588.86 | $99,158.48 | $152,170.49 |
LAND COMPANY BALANCE - DECEMBER 31, 1916
Estate Real | Contracts | | Profits in Reserve | Accts. Receiv. | Accts. Payable | Balance Sheet Items | ||
Debit | Debit | Credit | Debit | Credit | Debit | Credit | |
61 | ............. | ............. | ............. | ............. | ............. | ............. | ............. |
62 | ............. | 37,467.66 | ............. | ............. | ............. | ............. | ............. |
63 | 34,057.00 | ............. | ............. | ............. | ............. | ............. | ............. |
64 | ............. | ............. | 13,099.81 | ............. | ............. | ............. | ............. |
65 | ............. | ............. | .......... | ............. | ............. | ............. | ............. |
66 | ............. | ............. | ............. | ............. | $212.00 | ............. | ............. |
67 | ............. | ............. | ............. | ............. | ............. | ............. | 2,000.00 |
68 | ............. | ............. | ............. | ............. | ............. | ............. | 257,422.30 |
69 | ............. | ............. | ............. | ............. | ............. | 45,000.00 | ............. |
70 | ............. | ............. | ............. | ............. | ............. | 5,250.00 | ............. |
71 | ............. | ............. | ............. | ............. | ............. | 2,720.00 | ............. |
72 | ............. | ............. | ............. | ............. | ............. | 2,682.60 | ............. |
73 | ............. | ............. | ............. | ............. | ............. | ............. | 5,200.00 |
74 | 3,400.00 | ............. | ............. | ............. | ............. | ............. | ............. |
75 | ............. | 8,837.05 | ............. | ............. | ............. | ............. | ............. |
76 | ............. | ............. | ............. | ........ | ............. | ............. | 3,950.00 |
77 | ............. | ............. | 4,564.18 | ............. | ............. | ............. | ............. |
78 | ............. | ............. | ............. | ............. | ............. | ............. | ............. |
79 | ............. | ............. | ............. | ............. | ............. | ............. | ............. |
80 | ............. | ............. | ............. | ............. | ............. | 75.00 | ............. |
81 | ............. | ............. | ............. | ............. | ............. | ............. | ............. |
82 | ............. | ............. | ............. | ............. | .................... | ............. | 75,405.10 |
83 | ............. | ............. | ............. | ............. | ............. | ............. | ............. |
84 | ............. | 1,158.98 | ............. | ............. | ............. | ............. | ............. |
85 | ............. | ............. | 694.87 | ............. | ............. | ............. | ............. |
86 | 3,402.00 | ............. | ............. | ............. | ............. | ............. | ............. |
87 | ............. | ............. | ............. | ............. | ............. | ............. | ............. |
88 | 465,580.13 | ............. | ............. | ............. | ............. | ............. | ............. |
89 | ............. | ............. | ............. | ............. | ............. | ............. | ............. |
90 | ............. | ............. | ............. | ............. | ............. | ............. | ............. |
91 | ............. | ............. | ............. | ............. | 13.71 | ............. | ............. |
92 | ............. | ............. | ............. | ............. | ............. | ............. | 525.33 |
93 | ............. | ............. | ............. | ............. | ............. | ............. | 210,418.52 |
94 | ............. | ............. | ............. | ............. | ............. | ............. | ............. |
95 | ............. | 212,814.00 | ............. | ............. | ............. | ............. | ............. |
96 | ............. | ............. | 167,269.00 | ............. | ............. | ............. | ............. |
97 | 107,580.00 | ............. | ............. | ............. | ............. | ............. | ............. |
98 | ............. | 32,850.00 | ............. | ............. | ............. | ............. | ............. |
99 | ............. | ............. | 27,620.14 | ..................... | ............. | ............. | ............. |
100 | 35,550.00 | ............. | ............. | ............. | ............. | ............. | ............. |
101 | 23,365.00 | ............. | ............. | ............. | ............. | ............. | ............. |
102 | ............. | ............. | ............. | ............. | ............. | ............. | ............. |
103 | ............. | ............. | ............. | ............. | ............. | ............. | ............. |
104 | ............. | ............. | ............. | ............. | ............. | ............. | 72,000.00 |
105 | ............. | ............. | ............. | 422.00 | ............. | ............. | ............. |
106 | ............. | ............. | ............. | ............. | ............. | ............. | ............. |
107 | ............. | ............. | ............. | ............. | ............. | ............. | ............. |
108 | ............. | ............. | ............. | ............. | ............. | 750.00 | ............. |
109 | ............. | ............. | ............. | ............. | ............. | ............. | ............. |
110 | ............. | ............. | ............. | ............. | ............. | 308.15 | ............. |
111 | ............. | 11,283.00 | ............. | ............. | ............. | ............. | ............. |
112 | ............. | ............. | ............. | ............. | ............. | ............. | 4,450.00 |
113 | ............. | ............. | 5,220.00 | ............. | ............. | ............. | ............. |
114 | ............. | ............. | ............. | ............. | 470.00 | ............. | ............. |
115 | ............. | ............. | ............. | ............. | ............. | 22,000.00 | ............. |
116 | ............. | ............. | ............. | ............. | ............. | 120.00 | ............. |
117 | ............. | ............. | ............. | ............. | ............. | 7,990.40 | ............. |
$779,356.89 | $568,433.33 | $361,790.37 | $1,477.00 | $695.71 | $102,804.52 | $1,036,573.65 |
 
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