Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Is given: 1. Was registered new Company - Share capital (the amount of Share capital is 15 000 EUR, it has been paid into the
Is given: 1. Was registered new Company - Share capital (the amount of Share capital is 15 000 EUR, it has been paid into the company's bank account). 2. Was purchased Fixed assets 8 000 EUR +21% Value Added Tax (a loan from commercial bank). 3. Was purchased a goods for sale (the amount is 13 000 EUR +21% Value Added Tax) (paid from a bank account). 4. Has sold all of goods, the amount EUR 50 000 EUR +21% Value Added Tax is received into a bank account. 5. Has been calculated and has been paid wages (from the bank account) for employees for the reporting period 27 000 EUR. 6. Has been paid from the bank account for administrative costs for the reporting period 6 000 EUR 7. Calculated loan interest for the reporting period and paid from the bank account EUR 300. 8. Has been paid to the bank a portion of the principal amount of the loan EUR 2 000 (from the bank account). 9. At the end of period goods (stocks) at the Balance Sheet are in the amount 550 EUR. Table No.1.: Journal No. Description Account Title Debit Credit EUR 1. 2. 3. 4. 5. 6. 7. 8. 9. Table No.2.: General Ledger (EUR) Active accounts Passive accounts Balance sheet accounts Balance sheet accounts Account EUR Account EUR Operation accounts Operation accounts Account EUR Account EUR Total: Total: Table Nr.3.: Profit and loss Statement (EUR) No. Items Amount (EUR) 1. Revenue (Income) Costs (total) 2. 3. Profit or loss Table No.4.: Closing Balance Sheet (EUR) ASSET Liabilities and Equity Account (EUR) Account (EUR) Total: Total: Table No 5.: Cash Flow Statement (EUR) No. Items Amount (EUR) 1. 2. 3
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started