1. Below are the remaining account balances showing in the ledger of Aberdeen Ltd. at 31 December, 2015: The following information has become available on 31 December 2015 and none of these issues have been taken into account in the preparation of the Income Statement or the list of remaining balances provided: 1. The company received an independent valuation of some land and buildings stating that they are now worth 120,000. And they are currently carried at a cost of 80,000. 2. On 16 September the company made a new share issue, offering 20,000 shares at a price of 2 each.

3. On 31 December 2015, the company announced that staff redundancies would be probable in 2016 and the redundancy payments are estimated to be 20,000. 4. Another error has been discovered. An amount of 6,000 relating to income received was recorded as an expense paid. Required: a) Finish preparing the trial balance. b) Prepare journal entries necessary for the adjustments needed. c) Prepare a Statement of Financial Position as at 31 December 2015 in a form suitable for publication, so far as the information given allows.

I have finished preparing the Trial Balance ( I know it is correct because the 2 columns add up to be equal) and have also prepared the journal entries. I'm a bit stuck however with creating the statement of financial position. For example if new shares ave been offered does that mean the capital section will have + 400?

\begin{tabular}{|l|r|r|r|} \hline & & Debit000 & Credit000 \\ \hline Provisions for depreciation & 312 & & \\ \hline Provisions for doubtful debts & 717 & & \\ \hline Property, plant and equipment & 39 & & \\ \hline Inventory & 150 & & \\ \hline Accounts payable & 32 & & \\ \hline Prepayments & 160 & & \\ \hline Bank Overdraft & 20 & & \\ \hline Accounts receivable & 190 & & \\ \hline Accruals & 150 & & \\ \hline Debentures & 61 & & \\ \hline Share Capital (1.5 each) & 65 & & \\ \hline Retained Earnings at 1 Jan 2015 & & & \\ \hline Profit for this year (after tax) & & & \\ \hline Dividend paid & & & \\ \hline Total & & & \\ \hline \end{tabular}