Exercises from Chapter 3

1.- Deposited in the bank the existence of cash amounting to

$14,000.00

+ To banks $14,000.00
Box $14,000.00

2.- Sold merchandise for $150,000.00 that he was paid with

credit card vouchers.

Goods $150,000.00
+ Clients $150,000.00

3.- The bank credited the amount of the vouchers to your checking account.
the previous operation.

+ To banks $150,000.00
To boxes $150,000.00

4.- Sold merchandise for $50,000.00 on credit, without receiving any guarantee.
documentary.

Merchandise $50,000.00
+ Clients $50,000.00

5.- Sold goods for $60,000.00, which were guaranteed with promissory notes.
in your favor.

Merchandise $60,000.00
Accounts receivable $60,000.00

6.- I constituted the petty cash fund for $6,000.00 with a check issued to
in favor of the petty cash manager.

A box $6,000.00
- banks $6,000.00
Reduced $2,000.00 from the petty cash fund, as it was excessive, such amount it
bank deposit.

Petty cash fund $2,000.00

+ To banks $2,000.00

8.- The increase of $3,000.00 to the petty cash fund, due to it not being sufficient, with
check issued in favor of the petty cash custodian.

+ Petty cash fund $3,000.00

To banks $3,000.00

9.- I buy shares through a financial intermediary at a cost

of acquisition of $50,000.00 convertible into cash within a period of less than
one year.

To temporary investments $50,000.00

To banks $50,000.00

10.- I purchase goods worth $25,000.00, which I guarantee.

through the endorsement of several promissory notes.

+ Merchandise $25,000.00
Accounts receivable $25,000.00

11.- I lent an employee $2,500.00 (remember that the tax law

regarding the rent establishes that payments exceeding $2,000.00 must be
make the taxpayer through nominative checks and contain, in the
on the reverse side of the same, the expression 'For credit to account of'
beneficiary.

+ Various debtors $2,500.00

To banks $2,500.00

12.- I loaned $15,000.00 which was guaranteed with a promissory note to his
favor.

Accounts receivable $15,000.00

To banks $15,000.00
13.- A customer paid their bill of $5,000.00 with a check (remember that the
checks, credit card promissory notes, and all kinds of remittances received from
other entities must be considered cash.

A box $5,000.00
- Clients $5,000.00

14.- They paid him with a check the loan of $2,500.00 that was made 15 days ago.

Box $2,500.00
To various debtors $2,500.00

They were paid with checks for the goods worth $4000.00 that
sold on credit yesterday.

A box $4,000.00
- To clients $4,000.00

16.- They paid him with a check for a bill of exchange in his favor worth
$10,000.00

+ A box $10,000.00
Accounts receivable $10,000.00

17.- Deposit in the bank a bill of exchange drawn on Mr. Jesús Olvera
with a value of $6,000.00.

Accounts receivable $6,000.00

To banks $6,000.00

18.- I buy a desk for cash worth $7000.00.

To banks $7,000.00
Furniture and equipment $7,000.00

19.- I buy a van for the delivery of goods for $120,000.00,

whose amount I paid $100,000.00 in cash, and for the rest I endorsed a promissory note of
change.

+ Delivery or distribution team $120,000.00

- To banks $100,000.00
+ Accounts receivable $20,000.00

20.- I buy printers, scanners, and plotters valued at $50,000.00.

rigorous counting.

To electronic computing equipment $50,000.00

To banks $50,000.00

21.- Payment of $30,000.00 for the refurbishment of a building that I rent.

Installation costs $30,000.00

To banks $30,000.00

22.- They returned goods worth $15,000.00, in payment he gave another class of
merchandise of equal value.

Merchandise $15,000.00
Merchandise $15,000.00

23. Returned merchandise worth $9,000.00, which they paid him with
a check in your favor.

The box $9,000.00

Goods $9,000.00

24.- Sold used computer for $4,000.00 on credit without warranty

documentary.

Electric computing equipment $4,000.00

Various debtors $4,000.00

25.- I buy a building worth $8,000,000.00, paying 50% upfront

counted, for the rest I endorse several promissory notes.

+ buildings $8,000,000.00
To banks $4,000,000.00
Accounts payable documents $4,000,000.00

26.- I give an advance of $50,000.00 as a deposit for an order of merchandise.

with a value of $90,000.00, which the supplier will deliver to you within 30 days
(only register the advance).

To banks $50,000.00
Advance to suppliers $50,000.00

27.- Payment of the remaining amount of the previous merchandise order.

To banks $40,000.00
+ Merchandise $40,000.00

28.- I purchase a land valued at $2,000,000.00, which I pay with

goods of equal value.

To land $2,000,000.00
- Merchandise $2,000,000.00

29.- I paid the security deposit of $680.00 which guarantees the amount of
possible damages that may occur to the safe that I rent.

+ A security deposit $680.00

A box $680.00

30.- Paid the security deposit of $40,000.00 required by the owner.

of the building to rent the property that will be occupied.

+ A security deposit $40,000.00

- To the banks $40,000.00

31.- I buy financial sector stocks with an acquisition cost of

$100,000.00 convertible to cash in a period of more than one year.

+ Temporary investments $100,000.00

- To banks $100,000.00

32.- Sold shares worth $50,000.00 that he had acquired 30 days ago.
days through a financial intermediary, the amount was credited to him in
your checking account.
To temporary investments $50,000.00
+ To banks $50,000.00

33.- Sold shares worth $100,000.00 that he had acquired 18 months ago.
months in the financial sector, the amount was credited to his account
checks.

Temporary investments $100,000.00

+ To banks $100,000.00

34.- Sold shares and securities for immediate realization at $50,000.00.

they gave goods of the same amount.

For temporary investments $50,000.00

Goods $50,000.00

35.- Payment of salaries and wages related to the staff assigned directly
to the research and development amounting to $28,000.00, which are
pending application to future operating results.

For research and development expenses $28,000.00

To banks $28,000.00

36.- Payment for the hiring and training of personnel that will be employed in
a new different activity amounting to $40,000.00,
which are pending application to future operating results.

Expenses in pre-operational stages of organization and administration $40,000.00

To banks $40,000.00

37.- I pay $200,000.00 with the purpose of ensuring that a new product maintains the
consumer preference, such amount is pending application to
result of futures operation.

Marketing expenses $200,000.00

- To banks $200,000.00

38.- Payment of $25,000.00 for administrative organization services and

productive to a specialized office, the amount is pending
application to the result of future operations.
Organization expenses $25,000.00
To banks $25,000.00

39.- I bought stationery and office supplies for $9,000.00 in cash.

rigorous.

Stationery and supplies $9,000.00

To banks $9,000.00

Payment of $40,000.00 to El Universal for various advertisements that it published.

For propaganda and advertising $40,000.00

To banks $40,000.00

41.- Acquired from the insurance company La Azteca, S.A., a policy of

insurance against theft and fire of the building, and I pay the value of 6 premiums
universal in advance, valued at $30,000.00 each.

Insurance premiums $180,000.00

To banks $180,000.00

42.- Payment of $75,000.00 for the printing of brochures and flyers that
will be distributed soon.

For propaganda and advertising $75,000.00

To banks $75,000.00

43.- Payment in advance for the value of 2 years of building rent amounting to
$360,000.00 each.

Prepaid rent $720,000.00

To banks $720,000.00

I purchase goods for $120,000.00 on credit.

Merchandise $120,000.00
- P accounts payable $120,000.00

They lent him $200,000.00 on credit without requiring documentary collateral.

+ To banks $200,000.00
+ Various creditors $200,000.00

46.- I purchase goods worth $20,000.00, for which he issued a

promissory note at your expense.

+ Goods $20,000.00
+ P documents payable $20,000.00

They lent him $25,000.00 which he guaranteed with promissory notes.

in charge of.

+ To banks $25,000.00
+ P accounts payable $25,000.00

48.- I buy furniture worth $12,000.00, for which we sign a ...

promissory note at their expense.

Furniture and equipment $12,000.00

+ P accounts payable $12,000.00

49.- I buy a property for $3,000,000.00 to establish my business, the

I guarantee it by signing 2 promissory notes.

+ To buildings $3,000,000.00
+ P accounts payable $3,000,000.00

50.- Mortgaged your building for $1,500,000.00 the amount was credited to your account.
checking account.

+ To banks $1,500,000.00
+ Mortgage creditors $1,500,000.00
51.- A customer made a down payment of $10,000.00 against the order of
goods for $25,000.00, which must be delivered invoicing next
week.

+ To banks $10000
+ Customer advance 10000

52.- Received the remainder of the amount for the previous goods order.

To banks $15,000.00
+ Client advance $15,000.00

53.- They lent him $100,000.00 from which they deducted $20,000.00 for
interests corresponding to two years, for the value of the loan I sign a
bill of exchange.

+ To banks $80,000.00
+ Prepaid interest $20,000.00
+ P documents payable $100,000.00

54.- Loaned $150,000.00, of which $30,000.00 was deducted for interest.

corresponding to two years; for the value of the loan, they signed a promissory note.
of change.

+ P interests charged in advance $30,000.00

+ receivables $150,000.00
To banks $120,000.00

55.- Payment of salaries and wages for $42,000.00 that was not settled for the fortnight.
front.

- P accounts payable $42,000.00

To banks $42,000.00

56.- I pay the commissions of agents and employees for $50,000.00 that do not
liquidated last month.

- Accounts payable $50,000.00

To banks $50,000.00

57.- I paid the building rent for $60,000.00 that was not covered for the next month.
past.

Accounts payable expenses $60,000.00

To banks $60,000.00

58.- Payment of debts for $90,000.00 corresponding to the services of

telephone calls, supply of electricity and drinking water
that I did not liquidate last month.

Pending payment expenses $90,000.00

- To banks $90,000.00

59.- Payment of the employer's contribution to social security for $33,000.00 that was not covered in the

previous month.

To banks $33,000.00
- Taxes payable $33,000.00

60.- Payment of the SAT and INFONAVIT installments for $50,000.00 that was not covered.
previous month.

To banks $50,000.00
Accounts payable $50,000.00