Amounts in HUF and in Thousands | |||
Dr. | Cr. | ||
1 | Bank | 3,00,000.00 | |
To Capital | 3,00,000.00 | ||
2 | Inventory manager device | 2,000.00 | |
VAT | 500.00 | ||
To Bank | 2,500.00 | ||
3 | Cash | 5,000.00 | |
To Bank | 5,000.00 | ||
4 | Purchases | 2,00,000.00 | |
VAT | 50,000.00 | ||
To Vendor | 2,50,000.00 | ||
5 | NO ENTRY | ||
6 | Vendor | 25,000.00 | |
To Purchases | 20,000.00 | ||
To VAT | 5,000.00 | ||
7 | Salary expenses - Sales | 7,500.00 | |
Salary expenses - Admin | 5,000.00 | ||
To Salaries payable | 12,500.00 | ||
7A | Contributions -Sales | 4,500.00 | |
Contributions -Admin | 3,000.00 | ||
To Contribution payable | 7,500.00 | ||
7B | Tax deducted -Sales | 3,000.00 | |
Tax deducted -Admin | 2,000.00 | ||
To Tax liability to Government | 5,000.00 | ||
8 | Customers | 3,75,000.00 | |
To Sales | 3,00,000.00 | ||
To VAT | 75,000.00 | ||
9 | Administrative expenses | 800.00 | |
VAT | 200.00 | ||
To Cash | 1,000.00 | ||
10 | Penalties and Fines | 100.00 | |
To Bank | 100.00 | ||
11 | Salaries | 12,500.00 | |
To Bank | 12,500.00 | ||
12 | Purchases | 45,000.00 | |
VAT | 11,250.00 | ||
To Vendor | 56,250.00 | ||
13 | Bank | 30,000.00 | |
To Loan | 30,000.00 | ||
14 | Write off inventory | 2,100.00 | |
To Stocks | 2,100.00 | ||
15 | Interest | 4,500.00 | |
To Bank | 4,500.00 | ||
16 | VAT | 18,050.00 | |
to VAT Liability | 18,050.00 | ||
17 | CIT | 14,750.00 | |
To CIT Liability | 14,750.00 | ||
17A | NO ENTRY - DIRECT EFFECT IN BALANCE SHEET |
ASSETS | |
Property Rights | |
Machinery and Technical equipment | 2,000.00 |
Current assets | |
Merchandise (goods) | 1,02,900.00 |
Trade receivables | 3,75,000.00 |
Cash and cash equivalents | |
Petty cash | 4,000.00 |
Bank accounts | 3,05,400.00 |
Total Assets | 7,89,300.00 |
Subscribed capital | 3,00,000.00 |
Retained earnings | 1,32,750.00 |
Liabilities | |
Long term liabilities | |
Investment and development credits | 25,000.00 |
Current liabilities | |
Short term credits | 5,000.00 |
Trade payables | 2,81,250.00 |
Other short term liabilities | |
Salaries | - |
VAT | 18,050.00 |
Contributions & Taxes on salaries | 12,500.00 |
CIT Payable | 14,750.00 |
Total liabilities | 7,89,300.00 |
Need help with b,c and d. A30 fx III. A B с 78 79 TOTAL LIABILITIES...
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I need help with completing my balance sheet on the last section I can't get the assets to match the liability and owner equity. You can see the trail balance for help. Happy House Bakeshop Balance Sheet as of October 31, 2018 Assets Current Assets Cash Accounts Receivable Baking Supplies Pre-paid Insurance Total Current Assets 10400 8000 300 1650 20350 11000 Long Term Assets Equipment less: Accumulated Depreciation Total Long Term Assets 200 10800 Total Assets 3116 Liabilities Current Liabilities...
Just need help with the organization and possibly some of the numbers on the balance sheet Required Information (The following information applies to the questions displayed below.] Brothers Harry and Herman Hausyerday began operations of their machine shop (H & H Tool, Inc.) on January 1, 2016. The annual reporting period ends December 31. The trial balance on January 1, 2018, follows the amounts are rounded to thousands of dollars to simplify): Debit Credit Account Titles Cash Accounts Receivable Supplies...
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Almost done, just need help completing it: College Coasters is a San Diego–based merchandiser specializing in logo-adorned drink coasters. The company reported the following balances in its unadjusted trial balance at December 1. Cash $ 9,800 Accounts Receivable 1,900 Inventory 500 Prepaid Rent 540 Equipment 660 Accumulated Depreciation 110 Accounts Payable 1,380 Salaries and Wages Payable 300 Income Taxes Payable 0 Common Stock 6,400 Retained Earnings 2,600 Sales Revenue 14,180 Cost of Goods Sold 7,570 Rent Expense 990 Salaries and...
Need help. Please read the information carefully! That is the whole informatin & I need help on it On June 30, Collins Management Company purchased land for $420,000 and a building for S580,000, paying $340,000 cash and issuing a 4% note for the balance, secured by a mortgage on the property. The terms of the note provide for 20 semiannual payments of $33,000 on the principal plus the interest accrued from the date of the preceding payment. Journalize the entry...
36,540 35,280 170,940 184,800 157,416 168,000 355,740 325,416 Income taxes payable Total current liabilities Bonds payable Total liabilities Stockholders' equity Common stock ($4 par) Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 243,600 263,256 506,856 252,000 138,936 390,936 $862,596 $716,352 All sales were on account. Net cash provided by operating activities for 2022 was $184,800. Capital expenditures were $114,240, and cash dividends were $58,324. Compute the following ratios for 2022. (Round all answers to 2 decimal places, e.g....