ACCOUNTING ASSISTANT

ACTIVITIES

Activities No 4

Module No.3 Unit 2

Exercise No. 1

Classification of accounts according to their origin.

Actvo (A) Pasivo

Real (R.)
(P) Capital (C.)
Number of Increase Decreases o
NAME OF THE ACCOUNTSIncome (I) Group en: en: Nominal
Costs (CT)
(N)
Expenses (G)
1 WATER AND TRASH Expenses 6 DEBITO CREDITO N
2 BANK Active 1 Debt credit R
3 PURCHASES Cost 5 Debt credit N
4 SOCIAL CAPITAL Capital 3 credit Debt R
5 SALARIOS Expenses 6 Debt credit N
6 BUILDING Active 1 Debt credit R
7 MERCHANDISE SALES Income 4 credit Debt N
ACCOUNTS RECEIVABLE
8 CLIENTS Active 1 Debt credit R
ACCOUNTS PAYABLE
9 SUPPLIERS Liabilities 2 credit Debt R
10 Loans payable Liabilities 2 credit Debt R

Exercise No. 2
Effects on the Accounting Equation

Objectives of the activity:

Identify the effects of transactions on the company's Assets, Liabilities, and Equity.

Description of the activity:

 After studying the support material of Module No. 3,

specifically the Demonstrative Case on Pages 07-14 about the
Accounting Equation develop the following activity:

For the following transactions...

On June 1st, the partners contributed cash of 5,000,000.00, a

business checking account at Banco BHD León in the name of the company.

Assets passive capital

Bank social capital
+5,000,000 = +5,000,000

Total $50,000 = Total $5,000,000

On June 2, a building was purchased for 2,000,000.00. This payment was made with the
check number 0001 from the company's account.

Assets passive + capital

Bank Building
-2,000,000 -2,000,000 =

Total $0 = Total $0

On June 2, furniture and office equipment were purchased from Omar Muebles S.A.
The total purchase was $110,000. Half of the bill was paid with the check.
number 0002 and the rest must be paid in 15 days.

Assets passive + capital

Furniture and Bank Count for

Office team -55,000 to pay
+110,000 -55,000
 Total -$55,000 = Total $55,000
On June 3, $10,000 was paid for advertising; for this, a
check number 0003.

Assets passive + capital

Bank = Advertising expense

-10,000 -10,000

Total -$10,000 = Total -$10,000

On June 6, a truck was purchased for the business operation for $370,000.
The buying conditions were as follows: 60% down payment, for which we
issued check number 0004, and the remaining amount will be paid in monthly installments to
a period of 18 months.

Assets passive + capital

Bank Team Accounts for

Transport - 222,000 to pay
+370,000 +148,000

Total =Total $148,000

On June 11, office supplies were purchased from the same supplier for
$7,000. The payment will be made later.
Assets passive + capital

Office supplies Accounts payable

+7,0000 +7,000
Total $7,000 =Total $7,000

On June 15, a loan of $300,000 was requested from Banco BHD León, for
that a document was signed for a period of 24 months with an interest rate of
14% annual payable monthly. The loan was granted and received in the form
immediate.
Assets = passive capital

Bank Document payable

+300,000 +300,000

Total $300,000 =Total $300,000

 On June 15, salaries were paid in the amount of 25,000 with check number
0005.
Assets passive + capital
Bank = Salary expense
-25,000 -25,000
Total -$25,000 = Total -$25,000

On June 20, a sale of $265,000 was made, of which was collected

$200,000; the remaining $65,000 will be collected by next month. The total of
money received was deposited in the company's checking account.
Assets passive + capital
Banco count by
+200,000 Charge = Income
+65,000 +265,000
Total $265,000 = Total $265,000

On June 25, the following utility services were paid with a check: $3,000
of telephone service and $1,000 for electricity.
Assets passive + capital
Bank Service expense Service expense
-4,000 telephone of light
-3,000 -1,000
Total -$4,000 = Total -$4,000

It is requested:

Analyze the effect of the previous operations on the accounting equation

basic, using the following format.

Example: (line 0 of the format)

The company acquired a CRV SUV for an executive. The total amount is
$950,000. An initial payment of $400,000 was made by check and the remaining $550,000.
The remaining one signed a bank loan.

Asset increases: Transport Team (+) 950,000.00

Asset decreases: Bank (-) 400,000.00
Liabilities increase: Loan payable (+) 550,000.00
950,000.00 950,000.00
Note: Only record the values in the format indicating if it increased (+) or
decreased (-).

On June 1st, the partners contributed cash of 5,000,000.00, a

business checking account at Banco BHD León in the name of the company.

Active increases: Bank (+) 5,000,000.00

Capital increase: share capital (+) 5,000,000.00
5,000,000.00 5, 000,000.00

On June 2, a building was purchased for 2,000,000.00. This payment was made with the
cheque number 0001 from the company's account.

Asset increases: Building (+) 2,000,000.00

Asset decreases: Bank (-) 2,000,000.00
2, 000,000.00 2, 000,000.00

On June 2, furniture and office equipment were purchased from Omar Muebles S.A.
The total purchase was $110,000. Half of the invoice was paid with the
check number 0002 and the remainder must be paid in 15 days.

Asset increases: Office furniture (+) 110,000.00

Asset decreases: Bank (-) 55,000.00
Liabilities increase: accounts payable (+) 55,000.00
110,000.00 110,000.00

On June 3, $10,000 was paid for advertising; for this,

issued check number 0003.

Increased expenditure: Advertising expenditure (+) 10,000.00

Asset decreases: Bank (-) 10,000.00
10,000.00 10,000.00

On June 6, a truck was purchased for business operation for $370,000.

The purchase conditions were as follows: 60% down payment, for which we
issued check number 0004, and the rest must be paid in monthly payments
within a period of 18 months.
 Asset increase: Transportation equipment (+) 370,000.00
Asset decreases: Bank (-) 222,000.00
Liabilities increase: loan payable (+) 148,000.00
3,700,000.00 370
000.00
On June 11, office supplies were purchased from the same supplier for
$7,000. The payment will be made later.

Asset increases: Office supplies (+) 7,000.00

Liabilities increase: accounts payable (+) 7,000.00
7,000.00 7,000.00

On June 15, a loan of $300,000 was requested from Banco BHD León for the
a document was signed for a term of 24 months with an interest rate of
14% annual payable monthly. The loan was granted and received on
immediate form.

Asset increase: Bank (+) 300,000.00

Liabilities increase: loan payable (+) 300,000.00
300,000.00 300,000.00

On June 15, salaries were paid in the amount of 25,000 with check number
0005.
Expense increases: Salary expense (+) 25,000.00
Asset decreases: Bank (-) 25,000.00
25,000.00 25,000.00
On June 20, a sale of $265,000 was made, from which was collected
$200,000; the remaining $65,000 will be collected by next month. The total
The money received was deposited into the company's checking account.
Asset increases: Bank (+) 200, 000.00
Asset increases: accounts receivable (+) 65,000.00
{"text":"Income increases: sales"} (+) 265,000.00
265,000.00 265,000.00

11. On June 25, the following utilities were paid with a check: $3,000 for
telephone service and $1,000 for electricity.
Spending increases: Service spending (+) 4,000.0
Asset decreases: Bank (-) 4,000.00
4,000.00 4, 000.00
 EFFECT ON THE ACCOUNTING EQUATION

ASSETS PASSIVE Equity

Loans
Furniture and Capital
Accounts Materials of Team of Accounts Document Banking Income Expenses
Banks to be collected Building Teams of social
Office Transport to be paid to be paid to pay
Office

0 950,000
(+) 55,000 (+) 300,000(+) 550,000 (+) 265,000 (+) (+) 10,000 (+)
400,000 (-)

1 5,000,000 (+) 370,000 (+) 148,000 (+) 25,000 (+)

2 2,000,000 7,000 (+) 4,000 (+)

(-)
3 55,000
(-)

4 10,000
(-)

5 222,000
(-)

6 300,000

7 25,000
(-)

8 200,000

9 4,000
(-)

10
Sald
o 2,784,000(+) 65,000(+) 7,000(+) 2,000(+) 110,000(+) 1,320,000(+) 210,000+ 300,000(+) 550,000(+) 5,000,000(+) 265,000(+)39,000
Final (-)
ACTIVOS = LIABILITIES + CAPITAL
4,288,000 1,060,000 5,226,000

LIABILITIES +
ASSETS CAPITAL
4,288,000 = 6,286,000