I'd like to know how to make a T-account with this documents. Thanks.

Este documento es una de las 5 copias autorizadas para utilizar en el MBA, Contabilidad, Consuelo Dueas, 2017-2018, 2017-08-16 C-769-E September 2012 Cusomoto, S.A. 2008 (B) Follows a summary of a meeting held early in 2009: Hernndez: Finally, the accounts give us meaningful information! Our sales and profits have remained steady, which is quite satisfactory given the difficult conditions of 2008. Plus, we have been able to gradually continue raising our dividend, which is quite important to attract new shareholders to the company and expand it. We can, therefore, look forward to 2009 with optimism. lvarez: Let me just say that given the negative response to my last year's suggestions during 2008. I've kept using the FIFO method, the original useful life estimates and the bad debt allowance estimates. I acknowledge that this uniformity makes it easier to draw comparisons between 2007 and 2008. Still... Soriano: I am happy to see that you have overcome your accounting obsessions, though unfortunately not entirely... lvarez: Still, it seems to me... Soriano: Just look at the cash flow! We have anticipated a higher dividend than in 2007 without jeopardizing our Cash! lvarez had the feeling that Soriano was not looking closely enough at the accounting information he had just given him. To further draw his attention to this point, he prepared T-accounts spanning 2008 and prepared a cash flow statement. What would you say to Soriano regarding the evolution of the business? This case was prepared by Professors Mara Jess Grandes and Luis Palencia as the basis for class discussion rather than to illustrate either effective or ineffective handling of an administrative situation. Based on the case by Professor Fernando Pereira, Cusomoto, S.A., C-630 and C-682, IESE, 1993. September 2012. Copyright 2012 IESE. This translation copyright 2014 IESE. To order copies contact IESE Publishing via www.iesep.com. Alternatively, write to iesep@iesep.com, send a fax to +34 932 534 343 or call +34 932 536 558. No part of this publication may be reproduced, stored in a retrieval system, used in a spreadsheet, or transmitted in any form or by any means - electronic, mechanical, photocopying, recording, or otherwise - without the permission of IESE. Last edited: 10/9/14 1 C-769-E Cusomoto, S.A. 2008 (B) Exhibit 1 Este documento es una de las 5 copias autorizadas para utilizar en el MBA, Contabilidad, Consuelo Dueas, 2017-2018, 2017-08-16 Balanced Sheet as of December 31 (in thousands of Euros) Assets 2007 2008 34,300 34,100 -13,900 20,400 -16,000 18,100 Inventory2 8,300 9,000 A/R 5,450 12,800 -250 5,200 12,800 1,200 - 100 35,200 1,000 40,900 2007 2008 Capital 12,000 12,000 Retained earnings 12,500 15,500 Long-term debt 3,000 4,000 A/P 7,700 9,000 35,200 400 40,900 Fixed assets1 Less Accumulated Depreciation Less Bad Debt Allowance3 Other assets Cash Equity and Liabilities Interests payable4 1 In 2008, fixed assets were sold for 3.2 million; their cost had been of 200,000 and its accumulated depreciation at the moment of the sale was of 100,000. 2 Using the FIFO method. 3 During 2008 there were no bad debts write offs. By year end the bad debt allowance was estimated to be 0. 4 Due to non-paid interests of long term debt. 2 IESE Business School-University of Navarra Cusomoto, S.A. 2008 (B) C-769-E Este documento es una de las 5 copias autorizadas para utilizar en el MBA, Contabilidad, Consuelo Dueas, 2017-2018, 2017-08-16 Exhibit 2 2008 Profit and Loss Statement (in thousands of Euros) 2008 Sales 54,200 Beginning inventory 8,300 Purchases 47,300 Ending inventory -9,000 -46,600 Overhead Reversion of bad debt allowance -2,850 1 250 Depreciation -2,200 Profit from disposal of fixed assets 3,100 Operating income 5,900 Financial expenses -400 Year-end profit 5,500 1Since the allowance decreased from 2006 to 2007, a revenue (reversion) was originated. IESE Business School-University of Navarra 3