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Trial Balance

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
-

Selling and Marketing Expense


General and Administrative Expense
Other Income/Expense
Operating Expenses
Operating Income
Finance Cost (Interest Expense)
Income/Loss before Tax
Income tax expense
Net Income

38,330
23,175
5,650

OTHER COMPREHENSIVE INCOME


Unrealized Gain/(Loss) on revaluation
Income tax expenses
Comprehensive Income

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

Non Current Assets


Land
Building (Net)
Equipment (Net)
Vehicle (Net)
Patent

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

26,250 AJV #001

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

3 Rent Expense --> Outlet --> Selling expense


AJV#003
Selling and Marketing Expense
Prepaid Rent
4 Patent
Aset

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

Acc Amort up to Jan 1 2014


8,750.00

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

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