Trial Balance Task HOSPITALITY COMPANY "BEST FOR YOU' (Latvia, VAT taxpayer) BALANCE SHEET on 31.01.2022. Beginning Balance Sheet: Assets Resources SUM (EUR) Liabilities Sources of resources SUM (EUR) from the bank account 12 Received cash from the bank account to the 1000,00 cashbox 13 Received cash advance on account for operational 50,00 needs 14 Received 'advance expense report from accountable person: 6,00 EUR, VAT Postal expenses -6,00 EUR, VAT excluded. excl. - Office folders - 4,00 EUR, VAT included 4,00 EUR, VAT incl. Paper -8,00 EUR, including VAT 8,00 EUR, VAT incl. Pens- 2.00 EUR, including VAT 2,00 EUR, VAT incl. Fuel, 13 litres, 20 EUR, including VAT 20,00 EUR, VAT incl. 151 The balance of 'cash advance on account'is handed over to the cashbox; 16 Received the invoice for transportation services for 200,00 200,00 from the company, VAT non-taxpayer Account Account 37 000 1. Equity 3110 1. Inventory 21130 2000 2. Accounts receivable 2350 5000 3. Cash 2610 10 000 4. Bank cash 2620 20 000 Total 37 000 Total 37 000 Tasks: 1. Write the accounting records (Debit-Credit) 2. Make the balance of each account (beginning balance, account turnovers, ending balance). 3. Make the Trial Balance on the 28.02.2022. in the Excel file and provide the summary in the report. 4. Make appropriate adjustment recordings. 5. Make Profit and Loss Statement on 28.02.2022. 6. Make the Balance Sheet on the 28.02.2022. in the Excel file and provide the summary in the report. 4 Operations in February 2022: Operation description: Sum (EUR) 1 Received to the bank account from the debtors 2000,00 (accounts receivables) 12 Shipped goods (restaurant deliveries) to the 5000,00 customers VAT 21% included 3 Received advance payment from the 2nd customer 2000,00 to the bank account VAT 21% included Received supplies from the supplier K (VAT non- 900,00 taxpayer) 5 Paid to the supplier in cash 400,00 EUR from 400,00 in cash cash box and 300,00 EUR from the bank account 300,00 from bank account 6 Received supplies from the supplier B, VAT 1500,00 taxpayer with later payment. 7 Return of goods (already paid) to the supplier , 200,00 VAT non-taxpayer 8 Payment to supplier B, taxpayer from the bank 450.00 account 9 Received penalties at the bank account 150,00 10 Received invoice from the landlord, VAT taxpayer, 500,00 for the premise rent 11 Paid the rent invoice to the landlord, VAT taxpayer 500,00 Obligatory Literature: Bragg, S.M. (2018). Hospitality Accounting: Second Edition: A Financial and Managerial Accounting Reference. Accounting tools Inc. Colorado. Sidorenko, E. (2014). Finance in the Hospitality Industry. Introducing Accounting. Riga, Latvia: HOTEL SCHOOL, Viesncubiznesakoleda. - Sidorenko E. (2014). Finance in the Hospitality Industry. Financial Management for Start-Ups. Riga, Latvia: HOTEL SCHOOL, Viesncubiznesakoleda. See the Moodle UNIT page for additional links to the resources. Trial Balance Task HOSPITALITY COMPANY "BEST FOR YOU' (Latvia, VAT taxpayer) BALANCE SHEET on 31.01.2022. Beginning Balance Sheet: Assets Resources SUM (EUR) Liabilities Sources of resources SUM (EUR) from the bank account 12 Received cash from the bank account to the 1000,00 cashbox 13 Received cash advance on account for operational 50,00 needs 14 Received 'advance expense report from accountable person: 6,00 EUR, VAT Postal expenses -6,00 EUR, VAT excluded. excl. - Office folders - 4,00 EUR, VAT included 4,00 EUR, VAT incl. Paper -8,00 EUR, including VAT 8,00 EUR, VAT incl. Pens- 2.00 EUR, including VAT 2,00 EUR, VAT incl. Fuel, 13 litres, 20 EUR, including VAT 20,00 EUR, VAT incl. 151 The balance of 'cash advance on account'is handed over to the cashbox; 16 Received the invoice for transportation services for 200,00 200,00 from the company, VAT non-taxpayer Account Account 37 000 1. Equity 3110 1. Inventory 21130 2000 2. Accounts receivable 2350 5000 3. Cash 2610 10 000 4. Bank cash 2620 20 000 Total 37 000 Total 37 000 Tasks: 1. Write the accounting records (Debit-Credit) 2. Make the balance of each account (beginning balance, account turnovers, ending balance). 3. Make the Trial Balance on the 28.02.2022. in the Excel file and provide the summary in the report. 4. Make appropriate adjustment recordings. 5. Make Profit and Loss Statement on 28.02.2022. 6. Make the Balance Sheet on the 28.02.2022. in the Excel file and provide the summary in the report. 4 Operations in February 2022: Operation description: Sum (EUR) 1 Received to the bank account from the debtors 2000,00 (accounts receivables) 12 Shipped goods (restaurant deliveries) to the 5000,00 customers VAT 21% included 3 Received advance payment from the 2nd customer 2000,00 to the bank account VAT 21% included Received supplies from the supplier K (VAT non- 900,00 taxpayer) 5 Paid to the supplier in cash 400,00 EUR from 400,00 in cash cash box and 300,00 EUR from the bank account 300,00 from bank account 6 Received supplies from the supplier B, VAT 1500,00 taxpayer with later payment. 7 Return of goods (already paid) to the supplier , 200,00 VAT non-taxpayer 8 Payment to supplier B, taxpayer from the bank 450.00 account 9 Received penalties at the bank account 150,00 10 Received invoice from the landlord, VAT taxpayer, 500,00 for the premise rent 11 Paid the rent invoice to the landlord, VAT taxpayer 500,00 Obligatory Literature: Bragg, S.M. (2018). Hospitality Accounting: Second Edition: A Financial and Managerial Accounting Reference. Accounting tools Inc. Colorado. Sidorenko, E. (2014). Finance in the Hospitality Industry. Introducing Accounting. Riga, Latvia: HOTEL SCHOOL, Viesncubiznesakoleda. - Sidorenko E. (2014). Finance in the Hospitality Industry. Financial Management for Start-Ups. Riga, Latvia: HOTEL SCHOOL, Viesncubiznesakoleda. See the Moodle UNIT page for additional links to the resources