On 30.11.N-1, the information from the Temeswar company's balance sheet was as follows A Land (#211)...
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On 30.11.N-1, the information from the Temeswar company's balance sheet was as follows A Land (#211) Construction (#212) Customers (#411) Bank (# 512) TOTAL ASSETS Balance sheet as at 31.12.N-1 P 10.000 Social capital (#101) 40.000 15.000 15.000 Suppliers (#401) 10.000 50.000 TOTAL LIABILITIES 10.000 50.000 Operations carried out in January N by the company Goossens: 1. 02.12: She received a bill for electricity consumption: 400 €. 2. 10.12: Purchase from the supplier Tepob SARL of various goods for 6.000 €, at low invoice; payment on time. 3. 15.12: She has made a withdrawal of 1.000 € from the bank current account to feed the cash, at the base of the cash register. 4. 20.12: It has issued the invoice n °1 relative to the sale of all the bought goods, selling price: 7.000 EUR; collection will be effected at the latest on 25.12.N. 5. 20.12: it must register, the exit of sold goods, to the bases of accounting note to the cost of purchase. 6. 21.12: she has received the invoice nr °15 for the purchase of a software: 3.000 EUR; payment in cash by bank transfer. 7. 21.12: she has received the bank statement nr. 1 (debit advice) concerning the payment of the invoice nr. 15. 8. 25.12: she has received the bank statement nr. °2 (credit advice) concerning the collection of the invoice nr. º1. 9. 31.12: she has received the bank statement nr. 4 (credit advice) concerning the collection of the interest on the bank availabilities: 2.000 EUR. 10. 31.12: it must close the accounts of income and expenses, on the basis of accounting note. Work to be done: 1. Record the transactions in the Journal after analyzing the accounting for each transaction. (5 p) 2. After recording the transactions in the General Ledger and presenting the balance of accounts: 2.1. Present the balance sheet as of December 31, N. (0,5 p) 2.2. Present the income statement for year N. (0,5 p) On 30.11.N-1, the information from the Temeswar company's balance sheet was as follows A Land (#211) Construction (#212) Customers (#411) Bank (# 512) TOTAL ASSETS Balance sheet as at 31.12.N-1 P 10.000 Social capital (#101) 40.000 15.000 15.000 Suppliers (#401) 10.000 50.000 TOTAL LIABILITIES 10.000 50.000 Operations carried out in January N by the company Goossens: 1. 02.12: She received a bill for electricity consumption: 400 €. 2. 10.12: Purchase from the supplier Tepob SARL of various goods for 6.000 €, at low invoice; payment on time. 3. 15.12: She has made a withdrawal of 1.000 € from the bank current account to feed the cash, at the base of the cash register. 4. 20.12: It has issued the invoice n °1 relative to the sale of all the bought goods, selling price: 7.000 EUR; collection will be effected at the latest on 25.12.N. 5. 20.12: it must register, the exit of sold goods, to the bases of accounting note to the cost of purchase. 6. 21.12: she has received the invoice nr °15 for the purchase of a software: 3.000 EUR; payment in cash by bank transfer. 7. 21.12: she has received the bank statement nr. 1 (debit advice) concerning the payment of the invoice nr. 15. 8. 25.12: she has received the bank statement nr. °2 (credit advice) concerning the collection of the invoice nr. º1. 9. 31.12: she has received the bank statement nr. 4 (credit advice) concerning the collection of the interest on the bank availabilities: 2.000 EUR. 10. 31.12: it must close the accounts of income and expenses, on the basis of accounting note. Work to be done: 1. Record the transactions in the Journal after analyzing the accounting for each transaction. (5 p) 2. After recording the transactions in the General Ledger and presenting the balance of accounts: 2.1. Present the balance sheet as of December 31, N. (0,5 p) 2.2. Present the income statement for year N. (0,5 p)
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Related Book For
Accounting concepts and applications
ISBN: 978-0538745482
11th Edition
Authors: Albrecht Stice, Stice Swain
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