The worksheet on the next page shows the balances in the accounts of Baratheon Ltd as at 30 June 2015 before adjusting entries have been carried out. Baratheon Ltd has a balance date of 30 June 2015.

In the spaces provided on the worksheet, prepare entries to record the adjusting entries for the year ended 30 June 2015 given below (you do not need to total the columns):

1. i A stock take reveals that $2,000 worth of inventory at cost price is missing.

2. ii The long term loan was taken out on 1 February 2015. Interest on the loan at 10% per annum is payable semi-annually on 31 July and 31 January each year.

3. iii The directors declared a dividend of 10 cents per share on each of the 98,000 shares on issue.

4. iv Employees of the Baratheon Ltd were last paid their wages of $20,000 for the five day working week ended on Friday 26 June 2015. The 30 June 2015 fell on a Tuesday (Saturday and Sunday are not working days).

5. v An annual insurance premium of $6,000 had been paid on 1 April 2015.

6. vi The equipment owned by the business has an expected life of 10 years

   and an expected residual value at that time of $10,000.

7. vii The balance in the unearned revenue account relates to an amount

   received from a customer in June 2014 for work to be carried out in September 2014. This work was carried out in September 2014, but nothing has been recorded related to this.

The transactions for the year ended 30 June 2015 for Daenerys Ltd have been recorded on the worksheet on the next page. Using this information, prepare the Statement of Cashflows for Daenerys Ltd, using the template below:

Asse ts Accounts Inventory Prepaid Equipment (Acc dep Expenses Liabilities Equity Share Revaluation Retained Surplus Accounts Accrued Unearned Dividend Long term Payable Expenses revenue Payable Cash at Land Receivable equipment) bank Loan Capital Earnings 13,000 18,400 Bal 29,000 6,000 160,000 (30,000) 33,000 20,000 60,000 98,000 13,000 37,000 1,400 0 0 () (i) (iv) (V) (vi) vii) Cash flows from operating activities Net cash from operating activities Cash flows from investing activities Net cash from investing activities Cash flows from financing activities Net cash from financing activities Net increase in cash held Cash at the beginning of the year Cash at the end of the year A ssets Owners Equity Liabilities Cash at: Debtors Inventory Prepaid Equipment (Acc dep- Land Creditors Unearned Prov for Prov for Long term Paid up Capital General Retained Insurance revenue div pay Re serve Profits bank equipment: tax pay Loan 15,000 25.000 84,000 Ball 40,000 10,000 12.000 20,000 2000 160,000 (30,000) 40,000 2000 15,000 60,000 9,000 90,000 90,000 21 40,000 40.000 sales revenuer (23.000 cost of goods sdd (23.000) 130,000 130,000 sales evenuer (70,000) cost of goods sdid (70,000) 2,000 sales revenue 4 (2,000) (1,000) cost of goods sdid (1,000) (15,000) (15,000) 5 (10,000) (10,000) 135,000 (135,000) 6i 15,000 Profit on sale of land (20,000) 35,000 (30,000) Wages expense (30,000) 5.000) 5,000 (13,000) (13.000) Rert expense 10 11 (110,000) (110.000) (8,400 Dividend declared 8.400 12 13 (2000 Bad debts expense (2,000) 5,000 (5,000) Trans fer to general es 14 15 (2000) Inventory loss (2,000) (600) Inventory adjustment (600) 14.000 16 (14,000) (13,000) (13,000) 17 20,000 Bal 20,000 98,000 29,000 13.000 18,400 7,000 0 0 3,000 160,000 (30,000) 8.400 47,000 41,000