COMPREHENSIVE PROCESS OF COMMERCIAL ACTIVITY.

TOPIC 2

EXERCISE 1 Social Capital

We know that heritage elements are represented in accounting by Furniture
means of accounts. Tell which accounts the following belong to: Box, euros
Banknotes and coins.
Money deposited in bank checking accounts. EXERCISE 3
Office computers of the company. Determine the balance of the account 'Cash, euros', based on the following information:
Tables, shelves, cabinets,... if we are a furniture store. The initial balance is 120,000 €.
Outstanding amounts receivable, over one year, from sales of 8,000 € have been paid to the employees.
immobilized. €32,000 has been paid for a purchase.
Outstanding letters of credit accepted by our clients. €16,000 has been collected from a sale.
Amounts pending payment, due in one year or less, for purchase of €7,000 has been paid to the Tax Office.
immobilized.
Amounts pending payment, more than a year for purchase of EXERCISE 4
immobilized. Register the following instructions:
Letters accepted by us to the suppliers of goods. Deposit €6 into the 'Banks' account.
Letters accepted by us, one year or less, to the suppliers of Deposit €901 into the 'Long-term Loans' account.
immobilized. Load €420 into 'Furniture'.
Items, existing in the warehouse, acquired for resale. Load 150 € into 'Cash, euros'.
Floors, where the company's offices are located. Pay €2,000 in 'Transportation Elements'.
Sales amount made. Deposit €10,000 in 'Capital'.
Amounts pending collection, for sales within one year or less,
immobilized. EXERCISE 5
Tables, shelves, cabinets,... from the company's offices. From the following account that records the debts with the suppliers:
Amounts pending collection for sales of goods. D SUPPLIERS H
Amounts pending payment for purchases of goods. 10,000 30,000
Vehicles for the internal transport of goods. 25,000 20,000
Letters accepted by us, for more than a year, to the suppliers of The opening has occurred by scoring:
immobilized. 10,000
Amount of the purchases made. 30,000
Solar where the company's warehouse is located. 15,000
Initial contribution of the entrepreneur.
Upon noting the amount of 20,000, the account has been:
Subscribed
EXERCISE 2 b) Charged
Of the heritage elements listed below, indicate if their
the balance is DEBIT (Sd) or Credit (Sa):
The account balance is:
Heritage element Sd At 15,000
Construction Debtor for 35,000
Long-term immobilized suppliers Creditor for 15,000

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 COMPREHENSIVE PROCESS OF COMMERCIAL ACTIVITY. TOPIC 2

- To close the account, it is necessary to note: a) Classify the heritage elements, differentiating the asset accounts from
15,000 in the CREDIT the passive ones.
b) 15,000 in the DEBIT b) Calculate, in percentages, the importance of the asset equity masses.
c) 20,000 in the DEBIT (current and non-current) and of liability (payable and non-payable).

EXERCISE 6 EXERCISE 8
Analyze the following accounting facts:
From the following accounts, calculate their balance and say whether it is a debtor or a creditor. A company buys a cutting machine for €3,000, which it pays with a
creditor. check.
Accounts that Type of Increase or MUST Import
Purchases Bank, current account Machinery intervene account decrease NEWS
1.000 5.200 500 9,000
5,000 4.250 4.200 8,000
1.250 1.250 80 B) A person creates a Corporation contributing €70,000 which is deposited in
the bank.
Accounts that Type of Increase or MUST Amount
Marketing Sales. Box, euros Suppliers intervene count decrease NEWS
7,000 6,500 2.300 2.500 5,700
8.500 2.100 1.250 12,500 6,500
200 3.610 800 800 8.000

C) A company buys computers for €2,400, paying half in cash and the
EXERCISE 7 other half by bank.
Accounts that Type of Increase or MUST Amount
CALASA, a company dedicated to the buying and selling of pumpkins, intervene account decrease NEWS
present the following list of heritage elements, with their balances
respective:
ACCOUNTS BALANCES
Box, euros 1.202
Banks 6.010 EXERCISE 9
Capital 60.100 BALEGA is a company that focuses on the buying and selling of tables.
Long-term debts with credit entities 3.005 computer. The annotations in accounts of the economic events carried out in
Clients 3.906 the first week is as follows:
a)
Goods 1.803
Suppliers 9.616
D BOX, € H D CAPITAL H
Furniture 4.207
900 900
Transport elements 12.320
Machinery 43.273

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 INTEGRAL PROCESS OF COMMERCIAL ACTIVITY. TOPIC 2

b)
EXERCISE 11
D SUPPLIERS H D BOX, € H
600 600 A trader starts the economic exercise with the following data:
• He has a van that was purchased for €6,000.
• We have the property of a building for which I pay €18,000 of which
c) 4,000 € belong to the land.
• Mr. Miguel Pérez owes us €2,400 for a sale we made to him.
D BANKS, C/C H D BOX, € H • We have €30,000 in the BBVA current account.
100 100 • In the company's safe, we have €1,800.
• The office furniture cost us 3,000 €
d) • We have a computer and a printer that cost us €1,200.
• We have two accepted effects for the purchase of the van, for an amount
D THE TRANSP. H D BANKS, C/C H of €2,400 for each installment that we must pay within a period of 6 and 18 months
400 400 respectively.
• The profit obtained in the previous year was €1,200.
Describe the economic transaction that has led to the previous ones. • We owe Marcos, S.A. €4,800 for the purchase of merchandise.
annotations. • The goods in the warehouse amount to €1,800.
• We are unaware of the entrepreneur's contribution.
EXERCISE 10 2. Acquires furniture for €1,200, the total amount must be paid within 3
months.
Record the following operations in the Journal 3. For the company cash, withdraw €900 from the bank account.
MOBELIN furniture company: 4. The entrepreneur contributes €20,000 to the company that is deposited in the account of
1.-The society is created on January 12 by three partners each contributing 20,000. bank
€ of capital, which is deposited in a checking account. [Link] transfer to a supplier for 780 €
On January 22, 10 armchairs model AF are purchased, at €400 each. [Link] a second-hand vehicle for €1,440 that is left pending for
Pay the total purchase amount by check. pay it in two months.
On February 3rd, €4,000 is withdrawn from the account for various payments. 7. Sell an office desk for €1,800 For this amount they accept us a
expenses that arise. promissory note due in 6 months.
On February 8, a delivery van is purchased for €30,120, paying 8. Pay a note of €2,400 that was pending for the purchase of the van.
with a bank account check of €20,000 and the rest is deferred for three months. For this, he delivers a check from the bank account.
5.- Buy on February 15, 20 sofa sets at €1,050 each, paying A client pays us €1,200 in cash.
60% with a check and for the rest accepts a promissory note for 30 days.
On February 18, he sells three sofa sets for 2,000 € paid in cash. EXERCISE 12
7.- On February 18, the aforementioned amount enters the bank. 1. A trader starts the economic year with the following
On March 3, the outstanding amount for the purchase of the van is paid. heritage elements:
On March 18, pay the debt for the purchase of the sofas. Machinery..........................................................€6,000
On March 23, sell four sofa sets for €2,200 collected with Cash money...............................................€3,000
check. Bank account..........................................................€2,400

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 COMPREHENSIVE PROCESS OF COMMERCIAL ACTIVITY. TOPIC 2

€2,400 8. We paid the fixed asset supplier that appears in entry no. 1 the
Suppliers.......................................................€1,800 1,800 € that we owe you with a check from the checking account.
Various genres .......................................................... 3,000 € We bought goods for €1,800, paid €300 in cash and the rest
Capital .............................................................xxxxxxxx we left them pending.
2. We pay a supplier we owe 200 € by check. 10. We sell transportation items for €6,000 and they give us a check for
3. We bought a computer valued at 600 € and we commit to 1,200 € and the rest will be paid to us in 6 months.
pay 120 € in 3 months and 480 € in 18 months. 11. We pay the €1,500 that we left pending in entry number 9 through
We purchased goods for an amount of €1,200 and for bank cheque
the total amount
we accept a note. They pay us the €4,800 they owed us in entry number 10.
5. We paid the €120 that we owed for entry No. 3 in cash. We sell goods for €1,500 that they owe us.
6. We deposited €60 into the bank from the company's cash. [Link] previous customer accepts a bill for the total amount.
7. We purchased machinery with an acquisition price of €1,600. 15. We collected the previous bill in cash.
two promissory notes of 800 €, one payable in 6 months and the other in The final stock amounts to €240.
18 months.
8. The final stock of merchandise amounts to €4,200 EXERCISE 14
KIKO Sports is a sports goods store that conducts during
EXERCISE 13 2010 the following operations:
1. A merchant begins the financial year with the On January 1st, the following patrimonial situation is presented:
following 1. accounts:
Transport elements...............................€6,000 - The activity is carried out in a premises that cost him €120,000, of which 10%
Banks c/c.......................................................4,080 € corresponds to the value of the land.
Merchandise .......................................................120 € - Current account at La Caixa for €51,600.
Suppliers immobilized c/p .........................1,800 € - The company has €18,200 in the cash box.
Box, €................................................................600 € - Computer and printer whose acquisition price was €1,400
Credits for disposal of fixed assets......2,400 € - In the warehouse, there are sports items whose acquisition cost was
1,200 € 24,000 €
Liabilities to pay long term .............................................600 € - For sales of sports items, they owe you €2,600 and a promissory note with a
Capital amount of €1,800
2. We bought goods for €3,000 and accepted a promissory note for this. - You have 24 monthly payments pending amounting to €5,000.
import. each one for the purchase of the premises.
3. We charged a client 600 € in cash. - The profit from the previous year amounted to €6,300.
4. We sell goods for €1,800, which they pay us by check. - For purchases of sports items, there is a pending payment of 8,000 € and a
banking. letter of 2,600 €
5. We bought a building for 6,000 € (of which 1,200 € belong to the - You have an outstanding collection of €6,000 with a due date of 6 months for the sale
value of the land). Payment method: 1,200 € with a payment due within from a van.
6 months and €4,800 with a bill maturing in two years. - Shelves, tables, and chairs from the store worth 1,300 €
6. We paid the installment of €1,200 from the previous entry in cash. - The contribution of the entrepreneur is €90,000.
7. We sell merchandise for €1,800 and they accept a promissory note for this. 2. We bought sports equipment for an amount of €8,300. We paid €1,300.
import. € in cash and we accept a promissory note for the rest.

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We bought a van with an acquisition price of 200,000 €. - The profit obtained last year amounted to €6,300.
We paid €20,000 with a check from the current account and the rest will be paid. - He owes for merchandise purchases the amount of €3,600 and a promissory note for
in 2 years 5,200 €
We sell sports articles for €20,600. They pay us €10,600 with - At Cajasol, there is a checking account for an amount of €25,200.
check from the checking account and the rest remains to be collected. - It has a computer equipment that was purchased for €2,000 and for this
5. We deposited 10,000 € into the bank from the company's cash.
The operation has 18 monthly payments of 100 € pending.
6. Pay a bill with a nominal value of €5,000 of those that are
- pending.
In cash, you have €8,600.
payment for the purchase of the premises, through the bank account. - Last year, he sold a van for which they left him with an outstanding 8,000 €.
We sell the company's computer for an amount of €1,000. that they will be paid in 6 months.
I paid 400 € with a check from the checking account and for the rest they accept a ... - The contribution of the entrepreneur amounts to €80,000.
note due in 3 months.
We charged, through the bank account, the amount that remained We charged a client the amount of €4,300 in cash.
pending in the sale of seat No. 4. 3. We bought lamps for €14,000. We paid €3,000 with a check from the
9. We bought sports items for an amount of €6,400, we paid current account and the rest in 3 months.
1,800 € in cash and the rest remains pending payment. 4. We accept a letter to the supplier of the previous seat.
10. We accepted the previous supplier a letter for this amount. We bought shelves for the store for an amount of €4,000. We paid
We sell sports items for an amount of €6,000. They pay us 600 € in cash and for the remainder we accept a promissory note that we will pay within
3,000 € in cash and the rest on credit. 4 months.
12. They grant us a loan of €40,000 that they deposit into our account. We sell lamps for an amount of €8,600, for the total amount we
current account and that we have to return within 2 years. they accept a letter.
We charge the outstanding amount through the current account 7. We ordered a bank transfer to pay a supplier the amount of
in seat No. 7 3,600 € that we owed him.
14. We sell sports items for an amount of €12,600. They pay us in We collected in cash the invoice of entry No. 6.
cash 7,600 € and the rest remains to be collected. 9. We paid €3,000, through the checking account, of the loan that
15. The warehouse has sports items worth €32,600. we request for the purchase of the premises.
10. We sell the office computer equipment for €2,000. They pay us €200.
EXERCISE 15 in cash and for the rest they accept a promissory note for 3 months
11. We charged through the bank account, €8,000 that they owed us for the
The company MÁS LUZ, S.A. is engaged in the buying and selling of lamps. sale of the van.
perform the following operations: 12. We sell lamps for an amount of €20,300. The total amount of the
The financial year starts on January 1st. The operation will be paid to us in 3 months.
- There are lamps in the warehouse whose acquisition price was 12,000 €. The previous client accepts a promissory note for the amount that was outstanding.
- You have an outstanding amount of 4,300 for merchandise sales. 14. We entered into the current account €10,000 from the cash of the
€ and letters for an amount of €800. company.
- He has a van for the delivery of goods that was acquired. 15. The company takes an inventory and checks that we have in the warehouse
for €20,000 and of which she has to pay €4,000 within 6 months. lamps valued at €13,600.
- He bought a property for €60,000, of which €20,000 corresponds to the land.
To do this, he requested a loan of €40,000 that he has to pay back within two
years.

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EXERCISE 16 EXERCISE 17

The company OROBRIZ S.A. is a jewelry store that specializes in the buying and selling of The company PINOCHO, S.A. is engaged in the manufacture of wooden toys.
jewelry articles. To do this, it uses various types of wood as raw material.
On January 1, 2012, it begins its activity with the following elements
heritage: 1. It begins its activity with the following financial situation:
- Computer .....................................................................................1,200 € - Amounts pending payment to wood suppliers .... €2,600
- Money in the bank account.......................................................€55,900 - Money in the bank current account.......................................... €64,700
- Van ................................................................................... 36,000 € - Loan obtained from the bank for 5 years ......................................... €28,600
- Amounts pending collection for jewelry sales.................. €8,600 - Wood cutting machine....................................................... 12,300 €
- Various jewels in the warehouse..................................................... €26,500 - Wooden toys in the warehouse ................................................ 2,600 €
- Amounts pending payment for jewelry purchases ............... €2,600 - Various woods in the warehouse ....................................................... 800 €
- Cash.............................................................................400 € - 24 monthly letters of €100 each accepted in the purchase of the
- 30 monthly letters pending payment for the purchase of the van cutting machine ................................................................................ 24,000 €
1,000 € nominal each. - Van for the delivery of goods................................ 12,600 €
- Property acquired for €126,000, of which €26,000 corresponds to the value - Amount pending collection for the sale of the old cutting machine and
of the sun. that they will pay us in 3 months....................................................... 1,600 €
- Amount pending collection for the sale of the old van and 2. We purchased various woods for an amount of €5,600. The total amount
maturity in 6 months.................................................. 14,000 € payment pending.
- BBVA loan for 3 years ......................................................€36,000 We bought a van for the delivery of goods for €20,200.
We sell jewelry for €2,000. They accept a promissory note for the We delivered
total a check for €5,200 and for the rest we accepted a promissory note for 3 months.
amount.
3. We bought a printer for the office for €240. The total amount 4. Weit accept a letter from the supplier in seat 2.
We are going to pay in 3 months. 5. We sell various wooden toys for an amount of €8,600. The amount
A client who owed us €1,600 accepts a promissory note for thistotal amount.
amount pending collection.
5. We bought jewelry worth €12,300. We handed over a check for The customer
the of the previous seat accepts a promissory note for the previous amount.
bank account for €2,300 and the rest remains pending payment. 7. We paid a pending installment of €100 for the purchase of the machine.
6. We bought various furniture for an amount of 2,600 €. cutter, through the bank account.
We accept a promissory note that we will pay in 6 months. 8. We arranged a bank transfer to pay a supplier to whom we
7. The customer at seat number 2 pays us with a check for we theowebill.
800 €
8. We sell jewelry worth €6,200. They pay us €1,200 by check We andsold thethe old van for an amount of €12,600. They pay us €3,600.
The remaining amount is pending collection. with a check and the rest will be paid to us in 6 months.
We sell the office computer for €1,200, which they will pay us 10. later.
We bought a new van for an amount of €24,000. We paid with
of 18 months. check from the checking account 11,000 € and the rest remains to be paid at 6
10. We paid a promissory note of €1,000 that we had accepted for the purchase ofmonths. the
van. We deliver a check from the bank account. 11. We accept a note to the fixed asset supplier from the previous entry.
We ordered a bank transfer of €2,600 to pay the amount 12. They pay us, through the bank account, the outstanding amount to be collected from
what we owe to a supplier. seat 9.
12. The final stock in the jewelry item warehouse amounts to
€18,500

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