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  • EC Assignments BS Changes

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    Oliver Slovensko
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    The document contains the opening balance sheet for Sondervick Ltd. as of January 1, 2017 and lists financial transactions that occurred during the month. It provides a template to convert the transactions into balance sheet changes and requests completing the closing balance sheet as of January 31, 2017 by filling in the changes.

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    EC assignments BS changes

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    The document contains the opening balance sheet for Sondervick Ltd. as of January 1, 2017 and lists financial transactions that occurred during the month. It provides a template to convert the transactions into balance sheet changes and requests completing the closing balance sheet as of January 31, 2017 by filling in the changes.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    4 views1 page

    EC Assignments BS Changes

    Uploaded by

    Oliver Slovensko
    The document contains the opening balance sheet for Sondervick Ltd. as of January 1, 2017 and lists financial transactions that occurred during the month. It provides a template to convert the transactions into balance sheet changes and requests completing the closing balance sheet as of January 31, 2017 by filling in the changes.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    INTRODUCTION ASSIGNMENT SECTION 4.

    5: "FROM BALANCE SHEET TO BALANCE SHEET"

    BALANCE SHEET SONDERVICK LTD. PER 01-01-2017


    DEBIT CREDIT
    FIXED ASSETS EQUITY € 32,050.00
    Inventory € 147,500.00

    LONG-TERM DEBTS
    Bank loan € 128,000.00
    CURRENT ASSETS
    Debtors € 17,000.00
    goods € 22,300.00
    SHORT-TERM DEBTS
    LIQUID ASSETS Creditors € 37,750.00
    Bank balance € 15,500.00 Tax to be paid € 8,400.00
    Cash € 3,900.00

    TOTAL DEBIT: € 206,200.00 TOTAL CREDIT: € 206,200.00

    Assignment 2: Convert the financial transactions over the month January 2017 into a balance sheet change

    DEBET Balance sheet changes CREDIT


    Debtors + € 20,000.00 + € 7,000.00
    Goods - € 13,000.00

    DEBET Balance sheet changes CREDIT


    Cash + € 6,500.00 Equity + € 2,275.00
    Goods € 4,225.00

    DEBET Balance sheet changes CREDIT


    Goods + € 15,000.00 Creditors + € 15,000.00

    DEBET Balance sheet changes CREDIT


    Goods + € 4,000.00
    Cash - € 4,000.00

    DEBET Balance sheet changes CREDIT


    Debtors

    DEBET Balance sheet changes CREDIT


    Debtors

    DEBET Balance sheet changes CREDIT


    Bank

    DEBET Balance sheet changes CREDIT


    Cash

    DEBET Balance sheet changes CREDIT


    Bank

    10

    DEBET Balance sheet changes CREDIT


    Cash

    BALANCE SHEET SONDERVICK LTD. PER 31-01-2017


    DEBIT CREDIT
    FIXED ASSETS EQUITY
    Inventory

    LONG-TERM DEBTS
    5,5 % Bank loan
    CURRENT ASSETS
    Debtors
    Goods
    SHORT-TERM DEBTS
    LIQUID ASSETS Creditors
    Bank balance Tax to be paid
    Cash

    TOTAL DEBIT: € - TOTAL CREDIT:

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