$1$ Notes payable is paid every June $30,$ paying $$5,000$ principal plus interest at $8\%.$

$2$ All fixed assets were purchased January $1.$ Building is depreciated using SL over $30$ years.

Equipment is depreciated using double declining balance over $10$ years. There are no residual values

$3$ The company uses the percentage of receivables method for bad debts at $1\%$ of accounts receivable

$4$ The remaining unused portion on the insurance policy is $$856.$

$5$ Inventory at $\frac{12}{31}$ was $$24,650.$ The company uses the perpetual method of accounting for inventory.

$6$ Adjust to reflect the current portion of long$-$term debt