Manual-Contabilidad Basica Ejercicios 2018

Financial Accounting
Manual
Index
The accounting process
Practice 1……………………………….. 1
Practice 2……………………………….. 14
Practice 3……………………………….. 26
Practice 4……………………………….. 38
Practice 5……………………………….. 50
Cash Flow Statement
Practice 1……………………………….. 62
Practice 2……………………………….. 64
Practice 3……………………………….. 66
Practice 4……………………………….. 68
Practice 5……………………………….. 70
Financial Ratios……………………….. 72
Final Project……………………………. 77
I. For the following practices, prepare:
 Journal entries
 T Accounts
 Trial Balance
 Income Statement
 Statement of Changes in Owners’ Equity
 Balance Sheet
Practice 1. The following are Garry Company´s beginning balances in March 2015:
Cash $ 3,000
Banks 500,000
Merchandise Inventory 310,000
Equipment 40,000
Computer Equipment 30,400
Prepaid Rent 80,000
Accounts payable 142,600
Sundry Creditors 20,000
Paid-in Capital 780,000
Accumulated depreciation 20,800
Events in the month:
1. March 1st – Garry Company purchased equipment for $10,000 and paid with a
check.
2. March 2nd – Purchase of furniture on credit for $18,000.
3. March 3rd – Purchase of merchandise on credit for $50,000.
4. March 4th – The company sold 30 dog toys for $200 each one, 10 bark control
devices for $1,100 each one, and 40 bags of puppy dog food for $670 each one. All
these sales were made in cash. The cost of the merchandise was $98, $400 and
$310, respectively.
5. March 4th – Sale on credit of 80 bags of adult dog food for $689. The cost was the
40% of the sale.
6. March 5th – The company purchased 20 bags of puppy dog food for 310 each one,
and paid with a check.
7. March 9th – Purchase of merchandise for 10,000. The payment was guaranteed with
a note.
8. March 9th – From the previous purchase, the company paid shipping costs with a
check for $5,000.
9. March 12th - Garry Company sold merchandise on credit for $122,100. The cost of
this merchandise was $40,000.
1
10. March 12th – From the purchase of merchandise on March 3rd, the company returned
$3,000.
11. March 14th – From the purchase of merchandise on March 5th, the company returned
2 bags of puppy dog food.
12. March 15th – The company sold merchandise for $400,000, 50% in cash and the rest
on account. The cost of goods sold was $115,000.
13. March 20th – From the previous sale, the customer returned merchandise for
$20,000 which was refunded with a check. The cost of the merchandise was $4,200.
14. March 20th – The company sold merchandise for $293,000. The customer
guaranteed the payment with a note, including a 10% interest. The cost of the
merchandise was $110,000.
15. March 20th – Salaries accrued for administrative personnel $100,000 and for the
sales personnel $43,400.
16. March 22nd - Purchase of merchandise for $220,000, 50% paid with a check, and the
rest was guaranteed with a note, including a 10% interest.
17. March 25th – Purchase of office supplies for inventory in cash for $1,000.
18. March 22nd – Expenses accrued in the administrative department for $10,000 and in
the sales department for $17,000.
19. March 27th – The company made a deposit in its bank account for $295,000.
20. March 31st – Depreciation of fixed assets in the month: $1,000.
21. March 31st – Cost of the rent used in the month was $20,000.
22. March 31st - The company borrowed $500,000 from a bank, which was deposited in
the company´s bank account. The debt matures in 2 years. Interest payable $50,000.
23. March 31st – Income taxes accrued 30%
2
General Journal
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y Date Account title and Description Debit Credit
no.
3
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4
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5
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6
T accounts
7
8
9
Account activity Ending balances
Account title
Debit Credit Debit Credit
Equal amounts
General Manager Accountant
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11
12
Practice 2. The following are MX Company´s beginning balances in May 2016:

13
Assets Liabilities and Owners´ equity
Cash $ 20,000 Accounts payable $ 300,000
Banks 200,000 Paid-in Capital 458,000
$ 758,000 $ 758,000
Transactions of MX Company in May 2016:
1. May 1st – MX Company sold merchandise for $290,000 and the customer
guaranteed the payment with a note, including a 10% interest. The cost of goods
sold was $93,000.
2. May 3rd – Purchase of equipment for $40,000, 50% was paid with a check and the
rest on account.
3. May 4th – Purchase of merchandise for $100,000, 50% was paid with checks and for
the rest the company issued a note, including a 10% interest.
4. May 5th – Sale of merchandise in cash for $480,000. The cost of this merchandise
was the 30% of the sale.
5. May 5th – From the previous sale, the company paid with a check for shipping costs
a total of $20,000.
6. May 6th – Sale of merchandise on credit for $300,400. The cost of goods sold was
$100,000.
7. May 8th - The company purchased merchandise for inventory on credit. The total
was $40,000.
8. May 8th – From the previous purchase, the company paid in cash shipping costs for
$2,000.
9. May 10th – The company made a deposit in its bank account for $400,000.
10. May 12th – From the purchase on May 8th, we returned merchandise for $4,200.
11. May 18th –The company purchased merchandise for inventory for $200,000 and
paid with a check. The supplier gave a discount of 10%
12. May 22nd – The company sold merchandise on credit for $30,890 and gave a 10%
discount. The cost of this merchandise was $10,293.
13. May 31st - The general expenses accrued in the month were: In the administrative
department $197,000 and in the sales department $200,800.
14. May 31st - Depreciation of fixed assets in the month: $3,000.
15. May 31st - Income taxes accrued 30%
General Journal
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Date Account title and Description Debit Credit
y
18
no.
T accounts
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20
21
22
Account title
Equal amounts
23
24
25
26
Practice 3. The following are the beginning balances of Leading Technology Company
in March 2016:

Banks 100,000 Sundry Creditors 80,000
Merchandise Inventory 370,000 Paid-in Capital 214,000
$ 554,000 $ 554,000
1. March 3rd - Leading Technology Company sold merchandise on credit for $122,100.
The cost of this merchandise was $40,000.
2. March 4th – The company purchased furniture on credit for $2,000.
3. March 5th – Purchase of merchandise on account for $15,000.
4. March 6th – Purchase of equipment for $20,000, paid with a check.
5. March 7th – From the purchase of merchandise on March 5th the company returned
$3,000.
6. March 10th – The company sold merchandise in cash for $300,000. The cost was the
35% of the sale.
7. March 11th – From the previous sale, the customer returned merchandise for
$10,000 and our company paid the refund with a check. The cost of goods sold was
the 35% of the sale.
8. March 11th – From the previous sale, the company paid shipping costs with a check
for $15,000.
9. March 15th – The company sold merchandise for $100,000; the customer guaranteed
the payment with a note. The cost of this merchandise was $30,500.
10. March 18th – Sale of merchandise for $100,170. The customer promised to pay with
a note, including a 10% interest. The cost of this merchandise was $30,380.
11. March 20th – Salaries accrued in the month: For the administrative personnel
$180,000 and for the sales manager $40,000.
12. March 22nd – Administrative expenses accrued $20,000.
13. March 25th – The company made a deposit in its bank account for $295,000.
14. March 27th – The company sold merchandise in cash for $20,000 and gave a 10%
discount. The cost of goods sold was $5,000.
15. March 28th – The company purchased merchandise for $208,000 and paid 50% with
a check and for the rest we issued a note, including a 10% interest.
16. March 28th – The company purchased merchandise for $50,000. We guaranteed the
payment with a note.
17. March 29th – Purchase of merchandise for $30,000, paid with a check.
18. March 30th – Purchase of a computer for $20,000. The payment was made with a
check.
19. March 31st – Depreciation of fixed assets in the month: $1,500.
20. March 31st – Income taxes accrued 30%
27
General Journal
Entr
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28
Entr
no.
29
Entr
no.
30
Entr
no.
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T accounts
32
33
34
Account title
Equal amounts
35
36
37
38
Practice 4. X Mart Company has the following beginning balances in November
2015:

Banks 220,687 Notes payable 100,000
Merchandise Inventory 400,200 Paid-in Capital 561,717
Equipment 200,000
$ 881,717 $ 881,717
1. November 1st – X Mart Company purchased merchandise on credit for $10,000

2. November 2nd – From the previous purchase, we returned merchandise for $1,000.
3. November 3rd – The company purchased merchandise for $8,000 which was paid
with a check. This merchandise had a 10% discount.
4. November 5th – Sale of merchandise for $246,000 which was guaranteed with a
note, including a 10% interest. The cost of the merchandise was $98,400.
5. November 6th – The company sold merchandise in cash for $400,000 and gave a
10% discount. The cost of the merchandise was $100,800.
6. November 7th – Sale of merchandise in cash for $220,000. The cost of goods sold
was the 30% of the sale.
7. November 10th – Deposit in the bank account for $550,000.
8. November 13th – From the sale on November 7th, the customer returned merchandise
for $40,000. The refund was paid with a check. The cost of this merchandise was
9. November 18th – The company purchased merchandise for $500,000 and paid the
50% with a check and the rest on account.
10. November 21st – From the sale on November 7th, the company paid shipping costs
with a check, for a total of $10,000.
11. November 23rd – Purchase of equipment for $10,000 and furniture for $20,000, both
purchases were on credit.
12. November 24th – Expenses of the administrative department accrued in the month:
$30,000.
13. November 25th – Salaried accrued for the sales personnel: $100,000.
14. November 30th – Depreciation expense in the month: $1,500.
15. November 30th – Income tax expense accrued 30%
General Journal
39
Entr
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40
Entr
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41
Entr
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42
Entr
y
43
no.
T accounts
44
45
46
47
Account title
Equal amounts
48
49
50
51
Practice 5. ABC Electronics Company has the following beginning balances in
September 2015:

Banks 500,000 Notes payable 10,000
Merchandise Inventory 90,000 Sundry Creditors 110,000
Equipment 100,000 Paid-in Capital 616,000
$816,000 $ 816,000
1. September 1st. Purchase of merchandise on credit for $200,000.

2. September 2nd. The company sold merchandise for $300,000; 50% of the sale was
made on credit and the rest in cash. The cost of goods sold was the 30% of the sale.
3. September 3rd. From the previous sale, the customer returned merchandise for
$10,000. The company paid the refund with a check. The cost of the products was
4. September 6th. From the purchase of merchandise on September 1st, we returned
$20,000 to the supplier.
5. September 10th. The company purchased merchandise inventory for $220,000; 60%
was paid with a check and 40% was guaranteed with a note.
6. September 12th. From the sale on September 2nd, we paid shipping costs with a check
for $15,000.
7. September 15th. The company sold merchandise for $390,000. The customer
guaranteed the payment with a note, including a 10% interest. The cost of goods
sold was $120,000.
8. September 20th. The company purchased new equipment for $60,000 and computer
equipment for $40,000. Both purchases were made on account (credit)
9. September 25th. We made a deposit in our bank account for $135,000.
10. September 28th. The total of expenses accrued for the electricity and telephone bill
in the administrative department was $40,000, and the total of salaries accrued in
the sales department was $73,800.
11. September 30th. Depreciation of fixed assets in the month: $2,600.
12. September 30th. Income taxes accrued 30%
General Journal
52
Entr
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53
Entr
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54
Entr
y
55
no.
56
Entr
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57
T accounts
58
59
60
Account title
Equal amounts
61
62
63
II. Prepare the Statement of Cash Flow for the following companies:
64
Practice 1. From the Balance Sheets shown below, prepare the Statement of Cash
Flow for the month ended on April 30th 2015.
 Net Income for the month ended April 30th 2015: $200,000.
 Dividends paid during the month ended April 30th 2015: $180,000.
ABQ Company
Comparative Balance Sheets
At April 30th. and March 31st. 2015
April 30th. March 31st. Difference Sign

Assets
Current Assets
Cash $ 20,000 $ 16,000
Accounts receivable 100,800 120,000
Notes receivable 40,000 30,000
Merchandise Inventory 300,000 200,000
Total of current assets $ 460,800 $ 366,000
Fixed Assets
Equipment 80,000 60,000
Furniture 20,000 30,000
Computer equipment 90,000 84,000
Less: Accumulated depreciation 80,000 74,000
Total of fixed assets $ 110,000 $ 100,000
Deferred charges
Office supplies $ 3,200 $ 2,000
Prepaid Rent $ 226,000 $ 200,000
Total of deferred charges $ 229,200 $ 202,000
Total of Assets $ 800,000 $ 668,000
Liabilities
Current Liabilities
Accounts payable $ 20,000 $ 4,000
Bank loan 100,000 80,000
Salaries payable 26,000 96,000
Expenses payable 3,000 2,000
Interest payable 2,000 10,000
Taxes payable 23,000 26,000
Total of current liabilities $ 174,000 $ 218,000
Long-term debt $ 300,000 $ 200,000
Total of Liabilities $ 474,000 $ 418,000
Ownerséquity
Common stock $ 236,000 $ 180,000
Retained Earnings 90,000 70,000
Total of Ownerséquity $ 326,000 $ 250,000
Total of Liabilities plus Ownerséquity $ 800,000 $ 668,000
Manager´s signature Accountant´s signature
65
66
Practice 2. From the Balance Sheets shown below, prepare the Statement of Cash
Flow for the year ended December 31st 2014.
 The Net Income for the year ended December 31st 2014 was $94,000.
 Dividends paid during the year ended December 31st 2014: $67,000.
Hoeman, Inc.
At December 31st.2014 and December 31st. 2013
2014 2013 Difference Sign

Assets
Current Assets
Cash $ 52,000 $ 46,000
Fixed Assets
Land $ 140,000 $ 140,000
Buildings 415,000 290,000
Total of Assets $ 767,000 $ 681,000
Liabilities
Current Liabilities
Notes payable 155,000 124,000
Long-term debt $ 192,000 $ 139,000
Ownerséquity
Common stock $ 50,000 $ 45,000
67
Practice 3. Millco, Inc. prepared the following comparative Balance Sheet at February
and January 2015.
68
Required: Prepare the Statement of Cash Flow for the month of February 2015.
Millco, Inc.
At February 28th and January 31st. 2015
February 28th January 31st. Difference Sign

Assets
Current Assets
Cash $ 42,000 $ 37,000
Notes receivable 30,000 32,000
Fixed Assets
Machinery 166,000 152,000
Deferred charges
Office supplies $ 1,000 $ 800
Prepaid Rent $ 20,000 $ 10,000
Total of deferred charges $ 21,000 $ 10,800
Total of Assets $ 380,000 $ 361,800
Liabilities
Current Liabilities
Short-term debt 44,000 44,000
Salaries payable 21,000 26,000
Expenses payable 38,000 40,000
Interest payable 4,000 8,000
Taxes payable 9,000 5,200
Long-term debt $ 33,000 $ 46,000
Ownerséquity
Common stock $ 104,000 $ 87,600
Retained Earnings:
Beginning balance 64,000 43,000
Net Income for the month 36,000 29,000
Dividends 10,000 8,000
Ending balance $ 90,000 $ 64,000
69
Practice 4. From the Balance Sheets presented below, prepare the Statement of Cash
Flow for the year ended December 31st 2015.
 The Net Income for the year ended December 31st 2015 was $13,000.
70
 Dividends paid during the year ended December 31st 2015: $5,000.
 The sale of land was made at its cost.
Harris, Inc.
At December 31st, 2015 and 2014

Assets
Current Assets
Cash $ 6,000 $ 15,000
Fixed Assets
Land $ 27,000 $ 34,000
Buildings 208,000 118,000
Total of Assets $ 253,000 $ 232,000
Liabilities
Current Liabilities
Short-term debt 12,000 16,000
Long-term debt $ 65,000 $ 50,000
Ownerséquity
Common stock $ 28,000 $ 20,000
71
Practice 5. With the Comparative Balance Sheet, prepare the Statement of Cash Flow
for the year ended December 31st 2014.
The following information was obtained from the Income Statement of Hartford, Inc. in
2014:
72
 The Net Income was $9,000.
 Dividends paid during the year: $3,000.
Hartford, Inc.
At December 31st, 2014 and 2013

Assets
Current Assets
Cash $ 53,000 $ 88,000
Fixed Assets
Land $ 40,000 $ 40,000
Buildings 200,000 140,000
Equipment 60,000 22,000
Total of Assets $ 291,000 $ 289,000
Liabilities
Current Liabilities
Bank loan 32,000 27,000
Long-term debt $ 85,000 $ 110,000
Ownerséquity
Common stock $ 40,000 $ 30,000
73
III. Calculate the financial ratios of profitability, liquidity and leverage for ABQ Company;
Hoeman, Inc; Millo, Inc; Harris, Inc; and Hartford, Inc.
Write down the formula, calculation and answer for each ratio in the following spaces.
Financial ratios required:
74
 Return on Investment
 Return on Equity
 Working Capital
 Current Ratio
 Acid-test Ratio
 Debt Ratio
 Debt/Equity Ratio
75
76
77
78
79
Accounting
Final Project
ACCOUNTING FINAL PROJECT
80
Requirement Value
Some of the transactions have missing amounts. Write down an amount of

1 -
your choice for each of them, based on the list that will be provided by the
professor.
2 Write down the journal entries for each of the 58 transactions. 3 points
3 Prepare the T Accounts for each of the accounts used in the journal entries. 2 points
4 Prepare the Trial Balance for April 2017. 2 points
5 Prepare the Income Statement for the month. 2 points
6 Prepare the Statement of Changes in Owners’ equity for the month. 2 points
7 Prepare a Balance Sheet at April 30th 2017. 2 points
8 Prepare the Cash Flow Statement for the month. 2 points
Calculate the following financial ratios: Return on Investment, Return on

2 points
Equity, Working Capital, Current Ratio, Acid-test Ratio, Debt Ratio and
9
Debt/Equity Ratio.
Write down, in 1 page, your interpretation of the financial ratios and a

10 3 points
report of the financial situation of the company.
Total 20
points
Information to fill in the spaces in the list of transactions:
81
Transaction number Range of amounts
1 $30,800 - $40,800
$30,000 - $40,000
2
$85,000 - $90,000
3
$40,000 - $42,100
5
$200,000 - $215,000
6
$350,000 - $380,000
7
$38,000 - $40,000
9
$450,000 - $480,000
10
$28,000 - $30,000
12
$295,000 - $300,000
22
$430,000 – 450,000
34
$800 - $1,000
40
$930,000 – $950,000
50
$200,000 - $210,000
53
$300,000 - $320,000
54
Name of the Company:
_____________________________________________
82
Beginning balances in April 2017:

Banks 300,000 Paid-in Capital 850,000
Equipment 200,000
$ 1,350,000 $ 1,350,000
1. April 1st – The company sold merchandise in cash for $__________. The cost was
$10,000.
2. April 2nd - The company purchased new equipment for $__________; the payment
was made with a check.
3. April 2nd - The company purchased merchandise for $__________ and paid with a
check.
4. April 2nd. From the previous purchase, the company paid for shipping costs with a
check a total of $5,000.
5. April 3rd - The company bought 2 new computers for a total of $__________, the
payment was made with a check.
6. April 3rd – Sale of merchandise in cash for a total of $__________. The cost of the
products was $60,000.
7. April 4th – Sale of merchandise on credit for a total of $__________. The cost was
$180,000.
8. April 5th - The company purchased new furniture on credit for $10,000.
9. April 6th - Purchase of merchandise for inventory on credit for a total of
$__________.
10. April 7th - The company sold merchandise on credit for a total of $__________. The
cost of the products was $210,000.
11. April 8th – From the sale on April 1 st, the customer returned merchandise for
$3,000. The amount was refunded with a check. The cost of this merchandise was
$900.
12. April 9th - The company purchased equipment on account and the total was
$__________.
13. April 10th - Purchase of office supplies for inventory, paid with a check. The total
was $3,500.
14. April 10th – Sale of merchandise in cash for $100,000. The cost of goods sold was
$30,000.
15. April 11th - Purchase of equipment for a total of $10,000, the payment was made
with a check.
16. April 12th – The company made a deposit in its bank account for $200,000.
83
17. April 13th - The company purchased merchandise for inventory for a total of
$51,340 and paid with checks.
18. April 13th - Sale of merchandise for a total of $388,000. The sale was made 50% in
cash and 50% on account. Cost of goods sold $160,000.
19. April 14th - Sale of merchandise in cash for a total of $300,500. The cost of this
merchandise was $100,000.
20. April 14th - Sale of merchandise on credit for a total of $200,350. Cost of goods sold
$100,800.
21. April 15th – The company sold products in cash for $100,610 and gave a 10%
discount. The cost of those products was $30,600.
22. April 16th - Purchase of merchandise for $__________, 50% was paid in cash and
50% of the purchase was on account.
23. April 16th - Administrative expenses accrued in the month (Electricity and water):
$90,000.
24. April 16th - The company has to pay the wages of 4 employees who work in the
administrative department. The total is $120,000.
25. April 16th – The total amount of wages accrued of the sales department is $40,000.
26. April 16th – Total amount of commissions that must be paid to sales personnel:
$100,000.
27. April 17th – The company purchased merchandise for $20,200 and paid with a
check. The supplier gave a 10% discount.
28. April 17th - Payment in advance of the rent of a warehouse for $60,000 in cash.
29. April 17th – From the sale on April 10 th, the customer returned merchandise for a
total of $20,000. The cost of this merchandise was $6,000.
30. April 17th – Purchase of merchandise for $40,000 guaranteed with notes.
31. April 17th – From the previous purchase, the company paid for shipping costs a total
of $2,600 in cash.
33. April 18th - The company lent $3,000 to an employee.
34. April 18th - Sale of merchandise for $__________. The customer guaranteed the
payment with notes. The cost of goods sold was$200,700.
35. April 19th – The company borrowed $40,000 from the bank and has to pay back in 8
months.
36. April 19th – Purchases of merchandise for inventory on credit for a total of $20,800.
37. April 19th - The company sold merchandise for $234,000 and the customer issued
notes for this amount, including a 12% interest. The cost of the merchandise was
$95,800.
38. April 20th – From the purchase on credit yesterday, we returned merchandise for
$3,500.
39. April 20th – Purchase of merchandise for $200,000. The 50% of this amount was
paid with a check and for the other 50% we issued a note, including a 10% interest.
84
40. April 20th - Telephone service expense accrued in the administrative department for
a total of $__________ and in the sales department $2,000.
41. April 20th – Sale of merchandise for $88,000, 80% in cash and 20% on account. The
cost of goods sold was the 40% of the sale.
42. April 21st – Purchase of computer equipment for $40,300 which was paid with a
check.
43. April 21st – Purchase of furniture for $180,300. The payment was made with a
check.
44. April 21st – The company returned merchandise to the supplier for $20,000 and for
this amount we received a check.
45. April 22nd - The company borrowed $800,000 from a bank, which was deposited in
the company´s bank account. The debt matures in 2 years. Interest payable $80,000.
46. April 23rd – Equipment was purchased for $300,450; 50% was paid with a check,
and for the rest we issued a note.
47. April 24th – Equipment was purchased on credit for a total of $50,000.
48. April 24th – The company sold merchandise in cash for a total of $900,000. The cost
of this merchandise was the 30% of the sale.
49. April 24th – The company paid shipping costs from the previous sale. The amount
was $40,000 and was paid with a check.
50. April 25th – The company collected accounts receivable for $__________. This
amount was deposited in the company´s bank account.
52. April 26th – Purchase of equipment for $1,000,000 and furniture for $290,000; the
company paid with checks.
53. April 27th – Advertising expense for $__________ was paid with a check.
54. April 27th – From the sale on April 24th, the customer returned $__________; this
amount was refunded with a check.
55. April 28th – Purchases of merchandise for inventory for $700,000; 30% was paid
with a check and the rest on account.
56. April 29th – Payment of accounts payable for $320,890; $120,890 in cash and the
rest with a check.
57. April 30th - Depreciation of fixed assets in the month: $133,596.
58. April 30th - Income taxes accrued 30%
General Journal
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y
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Entr
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T accounts
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100
101
102
103
104
105
106
107
108
Account title
109
Equal amounts
110
111
112
113
Financial Ratios
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Financial Report of ________________________________
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Financial Accounting

The accounting process

Cash Flow Statement

Events in the month:

General Manager Accountant

Practice 2. The following are MX Company´s beginning balances in May 2016:

Transactions of MX Company in May 2016:

General Manager Accountant

Assets Liabilities and Owners´ equity

Events in the month:

General Manager Accountant

Assets Liabilities and Owners´ equity

Events in the month:

1. November 1st – X Mart Company purchased merchandise on credit for $10,000

General Manager Accountant

Assets Liabilities and Owners´ equity

Events in the month:

1. September 1st. Purchase of merchandise on credit for $200,000.

General Manager Accountant

April 30th. March 31st. Difference Sign

Manager´s signature Accountant´s signature

2014 2013 Difference Sign

Manager´s signature Accountant´s signature

February 28th January 31st. Difference Sign

Manager´s signature Accountant´s signature

2015 2014 Difference Sign

Manager´s signature Accountant´s signature

2014 2013 Difference Sign

Manager´s signature Accountant´s signature

Financial ratios required:

ACCOUNTING FINAL PROJECT

Some of the transactions have missing amounts. Write down an amount of

4 Prepare the Trial Balance for April 2017. 2 points

5 Prepare the Income Statement for the month. 2 points

7 Prepare a Balance Sheet at April 30th 2017. 2 points

8 Prepare the Cash Flow Statement for the month. 2 points

Calculate the following financial ratios: Return on Investment, Return on

Write down, in 1 page, your interpretation of the financial ratios and a

Information to fill in the spaces in the list of transactions:

Assets Liabilities and Owners´ equity

Entr Date Account title and Description Debit Credit

General Manager Accountant

General Manager Accountant

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