The company The three brothers, S. A was established on January 1, 2020 with the following values:
Question:
Banks LPS 100,000.00
Inventories LPS 200,000.00
The operations of the month are the following:
1. We buy merchandise for a value of L. 150,000.00 plus sales tax from our supplier Jaime Salinas. We pay 20% of the purchase by check and the difference in checking account, the tax is paid with cash.
2. A loan for a value of L. 100,000.00 is acquired, paying interest of L. 1,000.00 in advance plus L. 150.00 for stationery.
3. We buy stationery and supplies for a value of L. 4,000.00 and we owe it without documentary guarantee, they are considered as expenses at the end of the month. 5. L. 10,000.00 are paid in advance to administration employees, salaries that are considered as expenses at the end of the month.
4. Pay in advance for the rent of the premises L. 18,000.00 on account of 6 months.
5. We sell merchandise to Sonia González, with a value of L. 100,000.00, they pay us by check the amount of L. 20,000.00, the difference to the credit the tax is collected in cash.
6. The following payments are received from clients: Sonia Gonzales pays us her total debt. We deposit the cash in our checking account.
9. We pay 50% of what is owed to Mr. Jaime Salinas by check and the difference is signed in a bill of exchange. 31. L. 3,000.00 is accrued from the rent paid in advance. 31. L. 1,000.00 of interest paid in advance accrues. 32. L. 10,000.00 is accrued from salaries paid in advance.
