A company has the following balances in its balance sheet. The company has the following transactions during the year: R
Posted: Wed Jul 06, 2022 6:00 am
A company has the following balances in its balance sheet.
The company has the following transactions during the year:
Required:
1. Provide the journal entries and post them to the Taccounts
2. prepare the Income Statement
3. Prepare the balance sheet.
ASSETS Non Current Assets Building Furniture Current Assets Customers Bank TOTAL ASSETS 9.000,00 € 2.500,00 € 2.000,00 € 3.500,00 € 17.000,00 € LIABILITIES + EQUITY Equity Capital Non Current Liabilities Long Term Loan Current Liabilities Short Term Loan Suppliers TOTAL LIABILITIES + EQ 10.000,00 € 5.000,00 € 500,00 € 1.500,00 € 17.000,00 €
1. The company paid all debt with the suppliers 2. The company bought office supplies for 500€. Half paid in cash and half will be paid in 7 days. 3. The company sent an invoice for the delivered services to a customer for an amount of 1.500€. The customer paid 500€ in cash, the rest will be paid by the customer in 30 days. 4. The company paid the wages for 700€. 5. The company paid the short-term loan. Also, they paid interests for 100€. 6. The company paid 500€ by bank transfer to the Tax agency for the income tax. 7. The company bought a computer for 500€ that will be paid next month. 8. The customers paid half of the debt with us. 9. The building has an accumulated amortization of 2.000€ and the year amortization is 500€
- A Company Has The Following Balances In Its Balance Sheet The Company Has The Following Transactions During The Year R 1 (77.2 KiB) Viewed 11 times
- A Company Has The Following Balances In Its Balance Sheet The Company Has The Following Transactions During The Year R 2 (37.36 KiB) Viewed 11 times
1. Provide the journal entries and post them to the Taccounts
2. prepare the Income Statement
3. Prepare the balance sheet.
ASSETS Non Current Assets Building Furniture Current Assets Customers Bank TOTAL ASSETS 9.000,00 € 2.500,00 € 2.000,00 € 3.500,00 € 17.000,00 € LIABILITIES + EQUITY Equity Capital Non Current Liabilities Long Term Loan Current Liabilities Short Term Loan Suppliers TOTAL LIABILITIES + EQ 10.000,00 € 5.000,00 € 500,00 € 1.500,00 € 17.000,00 €
1. The company paid all debt with the suppliers 2. The company bought office supplies for 500€. Half paid in cash and half will be paid in 7 days. 3. The company sent an invoice for the delivered services to a customer for an amount of 1.500€. The customer paid 500€ in cash, the rest will be paid by the customer in 30 days. 4. The company paid the wages for 700€. 5. The company paid the short-term loan. Also, they paid interests for 100€. 6. The company paid 500€ by bank transfer to the Tax agency for the income tax. 7. The company bought a computer for 500€ that will be paid next month. 8. The customers paid half of the debt with us. 9. The building has an accumulated amortization of 2.000€ and the year amortization is 500€