Exercise 22

On May 24, 20_ the entity "Tecno Travel, S.A. de C.V.", begins with a capital of $400,000, which is integrated: 50% with merchandise and the difference with cash that is in a checking account.

From this date to December 31, 20, it carries out the following operations:

1 Credit purchase of $70,000 of merchandise.

2 Acquisition of land, signing 60 promissory notes of $30,000 each.

3 Sale of $60,000 of merchandise, which has a cost of $40,000, the operation is carried out 50% in cash and 50% on credit.

4 In relation to operation No. 3, the client, in payment of his debt, delivers a laptop, which we take from him for $15,000.

5 $20,000 is paid for the organization of the business.

6 Monthly rent is paid, which amounts to $10,000.

7 pabr 7. A series of adaptations are made to the premises that were rented, for the adequate conditioning, both of the offices, and of the place where the merchandise will be stored, these works will be paid in cash, having a total amount of $30,000.

8. Acquisition of merchandise for a total of $120,000. The operation is carried out as follows: 40% in cash and 60% on credit.

7 9. Payment of electricity and telephone bills for $2,000 and $3,000 respectively.

10. For the protection of offices and merchandise, an insurance policy is contracted for which a premium of $9,000 is paid.

bin. 11. Acquisition of shelves for the warehouse for a total of $20,000, for this purchase, credit is given in full.

ARRIA 4 12. Creditors are paid the sum of $15,000.

1 Providers are paid the amount of $35,000

2 Clients are charged 50% of their debt.

3 The first two documents related to the purchase of the land are settled.

IS REQUIRED:

To integrate daily book.

B Registration of operations in G/L schemes.

C Prepare trial balance.

D Formulate income statement.

Integrate statement of financial position