The trial balance of Grows Now Grows for the year 2021 Preparation of the 2021 financial statements:
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The trial balance of Grows Now Grows for the year 2021
Preparation of the 2021 financial statements: income statement and balance sheet. Remember that the result of the exercise is part of the stockholders' equity.
Prepare working papers for horizontal and vertical analysis. I propose to make two tabs, one with 2019 and 2020 and the other with 2020 and 2021 Income statements and balance sheet
| 2021 | |
| Financial information: | |
| Investment Properties | $ 5.000.000 |
| Financial income | $ 310.000 |
| Long-term pay taxes | $ - |
| Taxes to recover | $ 1.900.000 |
| Temporary investments | $ 3.100.000 |
| Inventories | $ 500.000 |
| Sales cost | $ 9.000.000 |
| Cash and cash equivalents | $ 111.940.000 |
| Administration expenses | $ 3.100.000 |
| Social capital | $ 79.000.000 |
| Acumulated utilities | Calcular |
| Tax spending on profit | $ 5.080.000 |
| Taxes payable in the short term | $ 90.000 |
| Financial expenses | $ 900.000 |
| PROPERTIES, PLANT, AND EQUIPMENT | $ 6.000.000 |
| Sales revenue | $ 34.900.000 |
| Clients and other short-term accounts | $ 2.950.000 |
| Other short-term financial liabilities | $ - |
| Clients and other non -circulating accounts | $ 4.500.000 |
| Suppliers and other accounts payable in the long term | $ - |
| Long-term financial liabilities | $ 9.000.000 |
| Suppliers and other accounts payable in the short term | $ 2.111.000 |
| Sales expenses | $ 7.200.000 |
| Other income | $ - |
| Other expenses | $ - |
| #¡VALOR! | |
| Information 2021 | 2021 |
| Exercise utility (net) | Calcular |
| Dividends | 0 |
| Input | $ 19.000.000 |
| Partner retreats | 0 |
| 2020 | 2019 | |||||
| Cash and cash equivalents | $ 61.740.000 | 73.286.100,00 | ||||
| Temporary investments | $ 1.000.000 | 500.000,00 | ||||
| Clients and other short-term accounts | $ 2.759.000 | 1.800.000,00 | ||||
| Taxes to recover | $ 1.291.000 | 600.000,00 | ||||
| Inventories | $ 400.000 | 350.000,00 | ||||
| Circulating assets maintained for sale | $ 20.000.000 | - | ||||
| Investment Properties | $ 2.000.000 | 2.000.000,00 | ||||
| PROPERTIES, PLANT, AND EQUIPMENT | $ 5.000.000 | 3.000.000,00 | ||||
| Clients and other non -circulating accounts | $ 3.200.000 | 2.500.000,00 | ||||
| Suppliers and other accounts payable in the short term | $ 1.111.000 | 900.000,00 | ||||
| Taxes payable in the short term | $ 80.000 | 70.000,00 | ||||
| Other short-term financial liabilities | - | |||||
| Long-term pay taxes | - | |||||
| Suppliers and other accounts payable in the long term | - | |||||
| Long-term financial liabilities | $ 11.000.000 | 14.000.000,00 | ||||
| Social capital | $ 60.000.000 | 50.000.000,00 | ||||
| Accumulated utilities | $ 19.066.100 | - | ||||
| Sales revenue | $ 39.936.000 | $ 55.464.176,71 | ||||
| Sales cost | $ 12.325.000 | 16.870.100,00 | ||||
| Administration expenses | $ 5.280.000 | 6.687.200,00 | ||||
| Sales expenses | $ 9.850.000 | 10.225.000,00 | ||||
| Financial expenses | $ 1.000.000 | 320.000,00 | ||||
| Tax spending on profit | $ 7.154.100 | 8.171.185,71 | ||||
| Financial income | $ 1.560.000 | 3.820.000,00 | ||||
| Other income | $ 500.000 | 2.850.000,00 | ||||
| Other expenses | 254000 | 794.591,00 | ||||
| $ 133.253.100 | $ 133.253.100 | 127.104.176,71 | 127.104.176,71 | |||
| Statement of income | 2019 | 2020 | ||||
| Sales revenue | 55.464.176,71 | $ 39.936.000 | ||||
| Sales cost | 16.870.100,00 | $ 12.325.000 | ||||
| Gross profit | 38.594.076,71 | $ 27.611.000 | ||||
| Sales expenses | 10.225.000,00 | $ 9.850.000 | ||||
| Administration expenses | 6.687.200,00 | $ 5.280.000 | ||||
| Other income | 2.850.000,00 | $ 500.000 | ||||
| Other expenses | 794.591,00 | $ 254.000 | ||||
| Utility (loss) of operation | 23.737.285,71 | $ 23.287.000 | ||||
| Financial income | 3.820.000,00 | $ 1.560.000 | ||||
| Financial expenses | 320.000,00 | $ 1.000.000 | ||||
| Utility (loss) before taxes | 27.237.285,71 | $ 23.847.000 | ||||
| Tax spending on profit | 8.171.185,71 | 7.154.100,00 | ||||
| Net utility (loss) | 19.066.100,00 | $ 16.692.900 | ||||
| Information 2021 | ||||||
| Exercise utility (net) | ||||||
| Dividends | ||||||
| Input | ||||||
| Partner retreats | ||||||
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Grows Now Grows Trial Balance As of December 31 2021 Assets Cash 1000 Accounts Receivable 1000 Inven... View the full answer
Related Book For 
Accounting for Governmental and Nonprofit Entities
ISBN: ?978-0073379609
15th Edition
Authors: Earl R. Wilson, Jacqueline L Reck, Susan C Kattelus
Posted Date:
