Hi im hoping someone can help me..

I've got a set of accounts for some coursework and as im trying to do this over the easter holiday im stuck and need someone to ask!
I pretty much know what im doing except for this,
in my trial balance i have stock at 1st jan, then later i have an adjustment to make: closing stock 12,500.
now ive done my extended trial balance with both opening and closing stock in, which i assume is correct because it balances perfectly.
but how do i put both of them into my balance sheet? eg are they two seperate current assets, or do i take the closing away from the opening stock, or something completely different?! i hope that makes sense because as you can probably tell, im a little confused!

thanks in advance.. lee

studentaccount

in your income statement both figures should be shown so say your opening inventories (opening stock) is 15,000

Income Statement Extract

sales.... 20,000

- cost of goods sold
opening stock - 15,000
+ purchases - 5,000
20,000
- closing stock 12,500

Cost of goods sold 7,500

GROSS PROFIT 12,500

Balance Sheet Extract

Current Assets

Stock (CLOSING STOCK) 12,500

hope that helps....

both of them don't go in the balance sheet just the closing stock.. the opening stock is valued in the income statement...

hope i helped

p.s. also im guessing that the "so called" adjustment is just shown in the footnote of the question
like:

Note:
1. Closing stock is valued at 12,500
** more ammendments etc..**