Please register the following operations:

1.       There is an initial cash investment given by the owners for $1,500,000.00
2.       $150,000.00 are bought in cash as the way of inventory, register VAT
3.       Machinery is acquired in cash for $180,000.00, register VAT
4.       A shop is purchased for $300,000.00 in cash
5.       A loan is borrowed from the bank for $120,000.00
6.       We sold 30,000.00 of merchandise 60% mark up on cost, register the VAT
7.       We sold 50,000.00 of merchandise with 60% mark up on cost, register the VAT
8.       We bought merchandise for 90,000.00 ON CREDIT register VAT
Ref Date Concept

1 15/06/23 INITIAL INVESTMENT

2 15/06/23 INVENTORY PURCHASE

3 19/06/23 MACHINERY PURCHASE

4 19/06/23 SHOP PURCHASE

5 19/06/23 BANK LOAN

6 19/06/23 MERCHANDISE SALE 10 PROJECTORS

7 20/05/23 MERCHANDISE SALE 10 COMPUTERS

8 20/06/22 MERCHANDISE PURCHAS3

 ASSET = LIABILITIES + EQUITY
Accounts DEBIT CREDIT
ENTRY 1
BANKS $ 2,000,000.00
OWNER'S EQUITY $ 2,000,000.00
ENTRY 2
INVENTORY $ 200,000.00
BANKS $ 200,000.00
CREDITABLE VAT $ 32,000.00
BANKS $ 32,000.00
ENTRY 3
MACHINARY $ 200,000.00
BANKS $ 200,000.00
CREDITABLE VAT $ 32,000.00
BANKS $ 32,000.00
ENTRY 4
SHOP $ 100,000.00
BANKS $ 100,000.00
ENTRY 5
BANKS $ 150,000.00
BANK LOAN $ 150,000.00
ENTRY 6
BANKS $ 130,800.00
INVENTORY $ 80,000.00
RETAINED EARNINGS $ 38,000.00
TRANSFERRED VAT $ 12,800.00
ENTRY 7
BANKS $ 176,000.00
INVENTORY $ 100,000.00
RETAINED EARNINGS $ 60,000.00
TRANSFERRED VAT $ 16,000.00
ENTRY 8
INVENTORY $ 100,000.00
VAT TO CREDIT $ 16,000.00
SUPPLIERS $ 116,000.00

$ 3,136,800.00 $ 3,136,800.00
IABILITIES + EQUITY
 [ LOGO DE TU EMPRESA]

BALA

ASSETS

Current assets
BANK $1,085,680
CREDITABLE VAT $ 52,800.00
INVENTORY $ 160,000.00

Total Current Assets $1,298,480

Non-current assets
MACHINARY $ 180,000
SHOP $300,000

Total non-current assets $480,000

Deferred assets
VAT TO CREDIT $14,400.00

Total deferred assets $14,400

TOTAL ASSETS $1,792,880

 ACME INC.

BALANCE SHEET, DECEMBER 31st 2022

LIABILITIES

Current Liabilities
TRANSFERRED VAT $20,480
SUPPLIERS $104,400

Total Non-current liabilities $124,880

Non-current liabilities
BANK LOAN $120,000

Total Non-current liabilities $120,000

TOTAL LIABILITIES $244,880

EQUITY
OWNER'S EQUITY $ 1,500,000.00
RETAINED EARNINGS $48,000

Total Equity $1,548,000

TOTAL EQUITY $1,548,000

TOTAL LIABILITIES + TOTAL EQUITY $1,792,880
 ASSETS =
BANKS
1 $1,500,000 $150,000 2 INVENTORY
5 $120,000 $24,000 2 2 $150,000 $30,000 6
6 $55,680 $180,000 3 8 $90,000 $50,000 7
7 $92,800 $28,800 3 $240,000 $80,000
$1,768,480 $300,000 4 $160,000
$1,085,680 $682,800

MACHINERY
3 180,000

CREDITABLE VAT SHOP

2 $24,000 4 $300,000
3 $28,800
$52,800

VAT TO CREDIT
8 $14,400

Total $1,792,880
 LIABILITIES
BANK LOAN TRANSFERRED VAT
$120,000 5 $7,680 6
$12,800 7
$20,480

SUPPLIERS
$90,000 8
$14,400 8
$104,400

Total $244,880
+ EQUITY

OWNERS EQUITY RETAINED EARNINGS

$1,500,000 1 $18,000 6
$30,000 7
$48,000

Total $1,548,000

Total liabilities+equity $1,792,880