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Please send send in excel this is all the information of the exercise Exercise 6: With the data given below, prepare the Statement of Financial
Please send send in excel
this is all the information of the exercise
Exercise 6: With the data given below, prepare the Statement of Financial Situation of the company Marina S.A as of December 31, 2014: Cash in cash L. 10,000.00, money deposited in various banking institutions L. 250,000.00; taxes paid in advance L. 35,000.00; tools L. 30,000.00; vehicles L. 600,000.00; I owe the suppliers for the purchase of merchandise L. 120,000.00; provision for the payment of severance pay and notice L. 40,000.00; merchandise inventory L. 650,000.00; legal reserve L. 10,000.00; there are 10 bonds with a value of L. 10,000.00 each that mature in 5 years; there is a land in L. 190,000.00; in which a building valued at L. 500,000.00 is built; there are several bills of exchange to be paid for the amount of L. 140,000.00; income receivable in the short term is L. 5,000.00; the equipment used in the distribution of merchandise has a value of L. 350,000.00, accounts receivable from customers for L. 120,000.00; short-term mortgage loan is L. 60,000.00 and long- term is L. 200,000.00; trademarks and patents have a value of L. 150,000.00; advances made to suppliers are L. 70,000.00; the insurance premiums is L. 65,000.00; L. 2,000.00 are owned to carry out minor expenses; Furniture and fixtures have a value of L. 140,000.00; have remained to owe interest for the amount of L. 20,000.00; there is a voluntary reserve of L. 40,000.00; the profits for the year are L. 70,000.00; subscriptions paid in advance have a value of L. 40,000.00Step by Step Solution
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