Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I need help with this accounting question please Taking into consideration the following trial balance, you need to calculate the company's result and to present

I need help with this accounting question please

image text in transcribed
Taking into consideration the following trial balance, you need to calculate the company's result and to present the final Balance Sheet and Income Statement. Please include a working capital calculation and analysis. Spanish TOTAL BALANCES account number DEBIT CREDIT DEBITOR CREDITOR 401 Trade bills to pay 6.010 6.010 - - - - - -- - - - 769 Other financial income 1.489 1.489 572 Banks 12.020 6.010 6.010 218 Transport vehicles 48.081 48.081 640 Wages 2.505 2.505 300 Stock finished goods 5.356 5.356 203 Industrial property 7.212 7.212 642 Social Security expense 877 877 161 Accounts payable fixed assets 2.404 6010 3606 100 Capital or common stock 30050 30050 430 Accounts recent 3.005 3.005 - - - - - - - 700 Revenue 13005 13005 625| Insurance expenses 1.414 1.414 401 Notes payable trade 2404 2404 600 Purchases of goods 2.404 2 404 - - - 621 Rent cost 800 800 Long term debts with financial 170 Institutions 1.900 32000 30100 - - - - - -- - - - 21: Reserves 1000 1000 217 mputers 10.000 10.000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Decision Modeling Business Analytics With Spreadsheet

Authors: Nagraj Balakrishnan, Barry Render, Ralph Stair, Charles Munson

4th Edition

1501515101, 978-1501515101

More Books

Students also viewed these Accounting questions