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t accounts and balance sheet The opening balance sheet for the enterprise XYZ is presented below: The Active Side The Passive Side Account Value PLN
t accounts and balance sheet
The opening balance sheet for the enterprise "XYZ" is presented below: The Active Side The Passive Side Account Value PLN Account Value PLN Property, plant & equipment56000 Paid-in capital 22000 Non tangible assets 44000 Stock capital 100000 Raw materials 10000 Bank credit 30000 Banking account 30000 Cash 12000 The Balance Sum 152000 The Balance Sum 152000 During January the following operations happened: 1. Materials were delivered to the enterprise; an invoice was received, payable later (10000 PLN) 2. An invoice for the repair of the roof of the production hall was received (580 PLN) 3. An invoice for the transport of materials was received (400 PLN) 4. Materials worth 6000 PLN were used in production 5. Depreciation of the production machines and for the office machines was calculated (900 PLN each) 6. A previously received invoice was paid for (5000 PLN) 7. Salaries for the production workers (2400 PLN) and administrative workers (2600 PLN) were calculated. 8. A production cycle has ended. 500 products were issued from the production workers to the warehouse. No work in progress remains. 9. 400 goods were sold to a customer, 40 PLN each, an invoice was generated. 10. Sold goods were issued from the warehouse Step by Step Solution
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