Question
To continue with my previous question , please find additional transactions in 2022 and compile the balance sheet of 2022 The company paid to the
To continue with my previous question , please find additional transactions in 2022 and compile the balance sheet of 2022
The company paid to the staff salaries EUR 36,000. The deductions and the company's contributions which are calculated with 10 and 15% respectively, are owed at the insurance funds of the employees.
Accountant failed to include in the use of 2021, operating revenues of EUR 2,000 which have not been collected.
A supplier is willing not to get paid for EUR 30,000 which company owes to him in order to become a shareholder. The company issued 10,000 shares with price to the supplier EUR 4 per share. .The nominal value of the share is EUR 3. The increase of equity was succesful. The supplier paid the difference amount from the shares issue in premium reserve.
On 1/10/2022, the company signed a contract for the provision of services from an accounting company. The contract covers the provision of accounting services for 10 months starting as of 1/10/22 with monthly fee of EUR 1,000 EURO. The company paid the amount of EUR 5,000.
The company realized procurement revenues of EURO 20,000.
The company deleted high risk customers EUR 8,000, which has been included in predictions for the amount of EUR 10,000.The rest amount of EUR 2,000 was collected.
The interest amount of the long term loan is calculated with interest rate of 20%. The depreciation of the assets is calculated with 10% rate, The building has insignificant residual value while the vehicle has EUR 5,000 residual value.. The tax rate is 20%.
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