Unadjusted Trial Balance Unadjusted Adjustments Final 12/31/15 Final
TB 2 12/31/2015 12/31/2015 1/1/2015
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 $- $-
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
