Accounting Exercises for Beginners
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ScribdTranslationsNATIONAL AUTONOMOUS UNIVERSITY OF HONDURAS
FACULTY OF ECONOMIC SCIENCES
DEPARTMENT OF PUBLIC ACCOUNTING
ACCOUNTING I
EXERCISE No. 1
The company 'Sureña, S. A.' started its operations on June 1, 2020, with a
capital of L. 2,000,000.00 deposited in a checking account at BAMER and
during the month they made the following transactions:
On June 5, goods worth L. 1,200,000.00 were purchased plus the
sales tax was paid in cash L. 800,000.00 and the difference
he/she failed to pay the invoice to Industria Salgado.
On June 9, merchandise was sold for L. 2,400,000.00 plus tax.
about sales, the customers paid in cash L. 1,700,000.00 remaining to
the difference against the invoice is owed to Mr. Juan Motiño.
On June 14, merchandise was purchased on credit from El Oriente S.A.
for an amount of L 750,000.00 including tax. Paid by check
BAMER the value of the sales tax.
On June 20, goods were sold on credit to Mr. Carlos Duarte for
The value of L. 960,000.00 including tax. The value of the tax is paid by
in cash.
On June 25, packaging material was purchased from the company El Dorado S. A.
for the amount of L 25,000.00 plus tax, paying 50% in cash and the
difference to credit.
REQUESTED:
a) Elaborate the journal entries
b) Register as a major in account T
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EXERCISE No. 2
Cosmos, S. A. dedicated to the buying and selling of merchandise of all kinds, presents
its initial values for the year beginning January 1, 2019.
Banks L. 490,000.00
Suppliers 235,000.00
Capital 592,000.00
Clients 12,000.00
Eduardo Godoy
Inventory 200,000.00
Furniture and equipment 125,000.00
During the month of January, the following operations were carried out:
➢ Goods are sold to Mr. Juan Diego for a total of L. 228,000.00, plus
the sales tax. Paying us 60% in cash of the total of the
invoice and the difference remains owed to us without documentary guarantee.
➢ 50% of the debt we have with the suppliers is paid in cash.
➢ Merchandise was purchased for the value of L. 230,000.00, tax included.
paying 80% of the total invoice, and for the difference, we sign promissory notes
of change.
➢ Six days after the sale, Mr. Juan Diego cancels the total for us.
debtor.
It is requested:
a) Journal Entries
b) To mayorize in account T
c) Trial balance as of January 31.
Exercise No.3
01/06/19 The business los Madrugadores S.A. resumes operations with the
following values: in bills and coins L. 82,359.30, bank deposit
"X" L. 398.907.00. All contributed by the partners. 05/06/19 Purchase.
asphalt material for L. 1,150.00 plus tax, according to invoice No. 46573,
The total is paid with check No. 009 from Bank 'X'.
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On 18/06/19, goods are purchased for the value of L. 42,500.00 plus the
tax, the value of the tax is paid with check No. 010 from Bank 'X',
and the difference is due to the company Los Pesimistas. 06/21/19 Purchase
packaging material for L. 4,000.00 plus tax, according to invoice
No.36489, they grant us a discount of L. 500.00, the total remains owed.
at Becerra Furniture.
On 26/06/19, office equipment is purchased for L. 3,000.00 plus tax.
according to invoice No. 758393, we are granted a 10% discount, it is paid the
total with check No. 011 from Bank "X".
Journal entries and T-schemas are requested.
EXERCISE No. 4
On February 1st, the company Olanchana resumes operations, with the
following values: cash L. 43,500.00, deposit in bank 'X'
L. 298,300.00 and furniture L. 125,800.00. All contributed by the owner.
February 7, Cleaning supplies purchased for L. 3,960.00 including tax.
According to invoice # 687, the total is paid in cash.
On February 10, merchandise is purchased for a value of L. 69,000.00
Tax included according to invoice # 1290, paid with check # 531 of
Bank 'X' L. 46,000.00 plus tax, the rest is owed to
commercial the Dolorosa.
On February 15, merchandise is sold for L. 45,000.00 plus tax.
according to invoice No. 4539, they pay us in cash L. 34,000.00 and the difference
Commercial Center owes it. On February 20, a file was purchased.
with a value of L. 5,175.00 tax included according to invoice No. 4738, it
pay L. 1,500.00 in cash, the rest is owed to Muebles Chidos.
On February 24, goods are sold for L. 62,500.00 plus tax.
we are paid L. 45,000.00 with check No. 589 from Banco de Occidente, for the
Mr. Pedro Juárez signs 4 promissory notes for us.
Requests: Entries, T-accounts, trial balance.
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EXERCISE No. 5
On February 1, the Olanchana company will resume operations with the following
valores: en efectivo L. 43,700.00, depósito en banco “X” L. 628,300.00. Todo
provided by the owner.
February 3, merchandise is purchased with a value of L. 67,000.00 plus the
tax according to invoice # 129, is paid with check # 241 from Bank 'X' L.
36,000.00 plus tax, the rest is owed to Comercial Las Flores.
February 5, goods are sold for L. 36,800.00 plus tax according to
Invoice No. 439, they pay us in cash L. 26,000.00. The difference is owed.
Commercial The Two Cakes.
February 7, a file is purchased for L. 4,800.00 plus tax, according to invoice.
No. 36, they grant us a discount of L. 800.00, the total is paid in cash.
February 9, Material is purchased to package product for L. 2,525.00 plus the
tax, the total is paid with check No. 020 from bank 'X'.
February 15, merchandise is purchased with a value of L 28,750.00 tax included
included according to invoice # 1941, paid with check # 116 from Banco Occidente
L. 16,000.00, the rest is owed to Comercial Juticalpa S.A.
February 20, goods are sold for L. 58,000.00 plus tax, according to
Invoice No. 453, we are paid in cash L. 46,000.00. The difference is owed.
Buenos Aires Commercial.
Se pide: Elaboración de partidas, Esquemas T, balanza de comprobación.
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