|
| Unadjusted Trial Balance |
Unadjusted |
Adjustments |
Final 12/31/15 |
Final |
|
| TB 2 |
12/31/15 |
| 12/31/15 |
1/1/15 |
|
| A/R |
$ 15,000 |
|
| $ 20,000 |
|
| Revenue |
$ (100,000) |
|
| Cash |
$ 35,000 |
|
| $ 20,000 |
|
| COGs |
$ 70,000 |
|
| S G & A |
$ 5,000 |
|
| Rent |
$ 5,000 |
|
| Land |
$ 20,000 |
|
| $ 10,000 |
|
| Building |
$ 30,000 |
|
| $ 50,000 |
|
| Accum Depreciation |
$ (5,000) |
|
| $ (5,000) |
|
| Deferred Revenue |
$ (5,000) |
|
| $ (5,000) |
|
| A/P |
$ (20,000) |
|
| $ (30,000) |
|
| Capital stock |
$ (10,000) |
|
| $ (20,000) |
|
| Retained Earnings |
$ (40,000) |
|
| $ (40,000) |
|
| |
|
|
| Total |
$ - 0 |
|
| $ - 0 |
|
| INDIVIDUAL ASSIGNMENT - NOT A GROUP PROJECT |
|
| Prepare Financial statements @ 12/31/15 EACH STATEMENT ON A SEPARATE PAGE |
| 1 |
Balance sheet |
| 2 |
Income statement |
| 3 |
Statement of Cash flows |
| 4 |
Statement of changes in Equity |
|
| Adjustments |
| 1 |
Deferred revenue was $10,000 |
| 2 |
Rent Accrued @ 12/31/15 was $1000 |
| 3 |
Depreciation was 10% on ending balance |
| 4 |
Provision for Bad debts $1000 |
| 5 |
Dividend paid $5000 |
| |
titimanvel
hw_1.xlsx
