1. A $30,000 note receivable at 5% per annum is dated 7/1/2015 with a balloon payment of
principal and interest due on 6/30/2016.
Prepare the AJE at 12/31/2015.
2. Bond interest is paid on Jan 1st and July 1st.
Prepare the AJE at 12/31/2015.
3.Record book depreciation (straight line) for 2015:
Building	$8,335
Machinery & Equipment	$16,000
Furniture & Fixtures	$3,000
4. The annual inventory of supplies was taken at 12/31/15 as follows:
Factory Supplies	6,500
Office Supplies	5,700
Adjust to actual as of 12/31/15.
5. Correct a prior entry to adjust inventory: Reclassify $12,000 out of purchases which should be debited to inventory adjustment	Check Figure Net Income $ 49,890