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please do on excel instead of hand written 1. You have the below information: Banks 10.000.000 Accounts receivable 15.000.000 Industrial Equipment 20.000.000 Supplier 30.000.000 Bank
please do on excel instead of hand written
1. You have the below information: Banks 10.000.000 Accounts receivable 15.000.000 Industrial Equipment 20.000.000 Supplier 30.000.000 Bank Loan 5.000.000 Capital 10.000.000 Further information: - The company acquired industrial equipment for $ 10,000 at the date of acquisition the dollar was worth 2000 LL. The company has signed with the suppliers a closed.contract to pay the amount after 2 years - The balance in banks breaks down as follows: $ 4,000 and 4,000,000 LL. the suppliers represent the credit balance of several accounts totaling $ 20,000 The "bank loan account amounts to $ 3.000 on 31/12/2019 - The item "accounts receivable includes the following values: $ 4,500 and. 7 500 000 LL Required 1- Determine the necessary adjustments and corresponding entries knowing that the exchange rate of the dollar at 31/12/2019 was at 5,300 LL 20 points 2- Explain the accounting standard used to pass the above entries. 5 points (25 points) Enter your answer 1. You have the below information: Banks 10.000.000 Accounts receivable 15.000.000 Industrial Equipment 20.000.000 Supplier 30.000.000 Bank Loan 5.000.000 Capital 10.000.000 Further information: - The company acquired industrial equipment for $ 10,000 at the date of acquisition the dollar was worth 2000 LL. The company has signed with the suppliers a closed.contract to pay the amount after 2 years - The balance in banks breaks down as follows: $ 4,000 and 4,000,000 LL. the suppliers represent the credit balance of several accounts totaling $ 20,000 The "bank loan account amounts to $ 3.000 on 31/12/2019 - The item "accounts receivable includes the following values: $ 4,500 and. 7 500 000 LL Required 1- Determine the necessary adjustments and corresponding entries knowing that the exchange rate of the dollar at 31/12/2019 was at 5,300 LL 20 points 2- Explain the accounting standard used to pass the above entries. 5 points (25 points) Enter yourStep by Step Solution
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