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Act4 Ud3

The document outlines financial transactions for two companies, ACEOR, SA and LEOVIC, SA, including contributions, sales, purchases, and payments. It details specific amounts for cash, equipment, merchandise, and various expenses, along with instructions for recording these transactions in journals and ledgers. Additionally, it instructs the preparation of trial balances for both companies.

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8 views1 page

Act4 Ud3

The document outlines financial transactions for two companies, ACEOR, SA and LEOVIC, SA, including contributions, sales, purchases, and payments. It details specific amounts for cash, equipment, merchandise, and various expenses, along with instructions for recording these transactions in journals and ledgers. Additionally, it instructs the preparation of trial balances for both companies.

Uploaded by

ScribdTranslations
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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PIAC - I.E.S.

TORRE DE LOS HERBEROS - DOS HERMANAS ACTIVITY 4 UNIT 3 1st AF

1.- The partners of the company ACEOR, SA, begin their activity by contributing:
Cash: €5000 Information processing equipment: €3000
Money in the bank account: €60,000 Merchandise: €10,000
Furniture: 15,000 €

During the exercise, perform the following operations:


Sells goods for an amount of €10,000. Receives €1,000 via bank transfer and the rest in 30 days.
2. Buy a printer in cash for an amount of €400.
3. Purchases goods worth €8000. Pays €4000 by check and the rest in 60 days.
4. Collect through bank transfer the outstanding receivables from point 1.
5. Place an ad in the local press. Receive an invoice for an amount of €200 that will be paid within 30 days.
6. Pay the outstanding debt to the suppliers from point 3 via bank transfer.
7. Buys goods for an amount of 7000 € that remain unpaid.
8. Pay the outstanding debt from point 5 by check.
9. Sells goods worth €9000 that remain to be collected.
10. Pay the electricity bill amounting to €150 at the bank.
11. The phone bill arrives amounting to €180. It will be paid in 10 days.
12. Pay the outstanding invoice from the previous point through the bank.
13. Pay the debts to the suppliers from point 7 via bank transfer.
14. Receive bank transfer from the clients in point 9 as payment of their debt.
15. Pay the payroll of your employee amounting to 1200 € via bank transfer.
a) Record the transactions in the Journal and transcribe them to the Ledger.
b) Prepare the trial balance of sums and balances.

2.- The company LEOVIC, SA, presents the following accounts in its Balance Sheet:
–– Land and natural assets: 60,000 € €8000
Construction: 80,000 € –– Bank accounts: €90,000
– Furniture: 6000 € Merchandise: €10,000
Information processing equipment: €2000 –– Suppliers: 3000 €
2000 €

During the exercise, perform the following operations:


1. Purchases goods for an amount of 8000 €, pending payment.
2. Pay the debts of the suppliers that appear on the Balance sheet by check.
3. Buy a car for the amount of €12,000, pay 10% by bank and the rest remains pending payment until 14.
months.
Collect the debt from the clients listed in the Balance via bank transfer.
5. Sells merchandise for an amount of €10,000, which remains pending for collection.
6. The water bill arrives, amounting to €50. The payment will be made within 10 days.
7. The invoice from an economist hired by the company to conduct a market study for 300 € arrives.
payment will be made within 30 days.
8. Pay the debt to the suppliers in point 1 by check.
9. Pay by bank the outstanding bill for the water consumption from point 6.
10. Collect the debt from the customers in point 5 via bank transfer.
11. Purchases merchandise for an amount of €11,000, pays €1,000 by bank, and the remainder is pending payment.
Pay the phone bill of 100 € via bank.
13. Sells merchandise for the amount of 8000 €. The customer pays 1000 € by bank and leaves the rest pending for 30.
days.
14. Buy a bookshelf for the office worth €100 which you pay in cash.
15. Buys office supplies for an amount of €40 that he pays in cash.
Charges 200 € in cash for providing a transportation service without this being their usual activity.
Pay by bank transfer €2500 corresponding to the company's payroll.
a) Record the transactions in the Journal and transcribe them to the Ledger.
b) Prepare the trial balance of totals and balances in your notebook.

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