The company Servicios Profesionales, S. C., presents the following operations of the month: 1. On day 1,

Fantastic news! We've Found the answer you've been seeking!

Question:

The company Servicios Profesionales, S. C., presents the following operations of the month:

1. On day 1, a computer with a value of $ 20,000 was purchased, plus VAT, the operation was carried out in cash.

2. The administrative council approved the integration of a new partner, who covered his contribution in kind. After valuing the fixed assets, the value of these is: computer equipment for $ 15,500 and a car for $ 75,000.

3. After certain negotiations, an agreement was reached with the client Ferregal, S. A., to cover part of his debt with an executive desk, with a market value of $ 26,500.

4. The Compucenter company is asked to maintain one of the computers in the accounting department and one in the sales department, charging $ 700, plus VAT, from each one.

5. The delivery truck breaks down and is sent to be repaired by paying a check for the amount of $ 1,600 (includes VAT).

7. The company Servicios Profesionales, S. C, builds administrative offices with a value of 45,000.00 plus VAT.

6. The newspaper Eclipse de México, S. A. de C. V., added to its machinery 4 modules of the Goss Comunita press to be able to print the newspaper faster. The cost was $ 850,000, plus VAT, the operation was on credit,

7. He also took the opportunity to build a warehouse to be able to handle the raw material closer to the press, paying $ 265,000 in cash, plus VAT.

8. The San Pedro company is dedicated to construction and bought a super mixer with a cost of $ 40,500.00 but, in addition, in the same invoice some spare parts for its maintenance were included with a sum of $10,000.00.

9. He also added a second motor to the super mixer to make it work faster, the motor had a value of $ 3,500.00, such amount must be charged to the fixed asset in accounting. It asks:

a) Analyze the data provided and determine which fixed asset account those amounts correspond to.

b) Makes the records in the journal and in general ledger schemes individually for each movement.

c) It indicates in a clear, coherent and substantiated way what it means for the administrator to have the information of the real costs of the fixed assets in accordance with the NIF.