Professional Documents
Culture Documents
Account
Equipment
Accumulated Depreciation - Building
Dividend
Bank Loan
Accounts Payable
Inventory (Dec 31, 2014)
Prepaid Rent
General and Administrative Expense
Selling and Marketing Expense
Land
Retained Earnings
Sales
Cash
Interest Expense
Vehicle
Accumulated Depreciation - Vehicle
Building
Share Capital - Ordinary
Accounts Receivable
Accumulated Depreciation - Equipment
COGS
Patent
Income Tax expenses
Unrealized Gain/(Loss) on revaluation
Loss on impairment
Warranty Expense
Warranty Payable
Net Income
Ending R/E
SOCI
Sales
COGS
Gross Profit
Amount
60,000
1,717
50,000
22,200
4,050
7,820
130,000
65,041
1,300
56,000
90,000
39,750
28,000
51,250
1,959
609,087
-
38,330
23,175
5,650
SOCE
Share Capital
88,750
Beginning balance
Net Income/(Loss)
Dividen
Unrealized Gain/(Loss) on revaluation (Net of Tax)
Ending balance
88,750
ASSETS
Current Assets
Cash
A/R
Inventory
Prepaid Rent
65,041
39,750
50,000
4,440
SOFP
130,000
63,750
40,000
39,375
45,000
TOTAL ASSET
LIABILITIES & EQUITIES
A/P
Bank Loan
47,477
130,000
Warranty payable
Share capital - Ordinary
R/E
AOCI
TOTAL LIABILITIES & EQUITIES
2,400
88,750
204,438
4,291
Trial Balance
Ref
21,750
Dr
Adjusment
Ref
Cr
AJV#002
AJV #001
20,000
4,500
130,000
47,477
AJV #001
AJV#004
AJV #001
AJV#003
AJV#004
AJV#003
17,760
AJV #001
13,125
11,250
17,325
1,800
11,550
17,760
1,200
202,610
100,000
3,500
88,750
15,000 AJV#002
AJV#005
AJV#006
609,087
100,000
28,000
72,000
AJV#004
AJV#005
3,000
3,250
- AJV#002
3,250
2,400
AJV#006
79,135
6,250
2,400
79,135
67,155
4,845
(1,300)
3,545
(709)
2,836
5,541
(1,250)
7,127
R/E
202,610
3,545
(1,717)
204,438
159,231
318,125
477,356
AOCI
-
4,291
4,291
Total
291,360
3,545
(1,717)
4,291
297,479
179,877
297,479
477,356
Dr
Adjusted TB
Cr
40,000
IS
R/E
26,250
1,717
1,717
130,000
47,477
50,000
4,440
23,175
23,175
38,330
38,330
130,000
202,610
100,000
65,041
1,300
56,000
100,000
1,300
16,625
90,000
88,750
39,750
28,000
45,000
1,250
709
3,250
2,400
620,362
-
28,000
6,250
3,250
2,400
2,400
620,362
96,455
3,545
100,000
1,717
SOFP
40,000
26,250
130,000
47,477
50,000
4,440
130,000
202,610
65,041
56,000
16,625
90,000
88,750
39,750
45,000
1,250
5,541
2,400
3,545
206,155
204,438
521,481
-
204,438
521,481
Perhitungan
1
Aset
Rate
Building
Equipment
Vehicle
5%
25.00%
25.00%
Cost
90,000.00
60,000.00
56,000.00
AJV #001
Selling and Marketing Expense
General and Administrative Expense
Acc dep - Building
Acc dep - Equipment
Acc dep - Vehicle
2 Revaluation/Impairment - Equipment
Cost
Acc dep up to Dec 31 2014
Carrying amount Dec 31, 2014
Fair value
Unrealized Gain/(Loss) on revaluation
60,000.00
(26,250.00)
33,750.00
40,000.00
6,250.00
AJV#002
Acc dep - Equipment
Unrealized Gain/(Loss) on revaluation
Equipment
Rate
Patent
AJV#004
Selling and Marketing Expense
General and Administrative Expense
Patent
5 Revaluation/Impairment - Patent
Carrying amount (60000 - 11750)
FV less cost to sell
5%
Cost
60,000.00
1,200.00
1,800.00
48,250.00
45,000.00
Impairment Loss
3,250.00
AJV#005
Loss on impairment
3,250.00
Patent
6 Provision
Sales 2014
Provision for Warranty exp
Paid 2014
Adjusted
80.00
AJV#006
Warranty Expense
1,000.00
2,400.00
Warranty payable
Acc dep
21,750.00
15,000.00
3,500.00
Dep 2014
4,500.00
11,250.00
13,125.00
28,875.00
40% Selling
1,800.00
4,500.00
5,250.00
11,550.00
11,550.00
17,325.00
4,500.00
11,250.00
13,125.00
26,250.00
6,250.00
20,000.00
17,760.00
17,760.00
3,000.00
Amort 2014
Acc Amort at Dec 31, 2014
3,000.00
11,750.00
3,250.00
80,000.00
4,000.00
(1,600.00)
2,400.00
2,400.00
60% Adm
2,700.00
6,750.00
7,875.00
17,325.00
40% Selling
1,200.00
60% Adm
1,800.00