Licensed

Alba luz

Student Name:
Isaura Lopez, 41621061

Subject:
Finance #1

Task#1
Coquito de sula balance sheet

Date:
La Ceiba, Atlántida October 17, 2021.
 Coquito de Sula presents the following data to prepare a statement of financial position
or balance sheet as of December 31, 2020. Cash HNL.22,600.00
deposits in Banco de Occidente HNL.84,300 deposits in BAC bank HNL. 92,200.00

Merchandise HNL.1,572,700.00
From the purchase of goods, HNL.482,800.00 is owed to various suppliers and there is
a bank loan of HNL.378,600.00.
He has documents in his favor to be collected within 6 months for HNL.76,300. 00.
You are owed merchandise for HNL.238,500.00 and other accounts receivable other
than merchandise sales for HNL.18,400.00.
It has furniture and equipment for HNL.48,200.00 as net value for which it signed 10
bills of exchange for HNL.2,000.00 each and are paid monthly.
It has a cart for distributing goods valued at HNL. 290,000.00
The incorporation of the business cost HNL.40,000.00 of which a debt of HNL
20,000.00. 00.
He purchased car insurance for HNL 12,000.
The rent of the premises costs HNL.10,000.00 each month and paid in advance 6
months is considered one month of security deposit.
He owns a piece of land valued at HNL.980,000.00 which he mortgaged with BAC bank
for a loan of HNL. 600,000.00 for a 5-year term.

He considered that the place he had was a little big and subleased a part of it and
charged 4 months in advance at a rate of HNL.3,000.00 each month. Net income for
the period is HNL.379,940 and income tax payable is HNL.51,860.00.

You are asked to

1 Prepare the Balance Sheet as of December 31, 2020
2 Prepare notes to the financial statements with the data provided.
Make a summary of each of the 4 financial statements as established by the IFRS for
SMEs.
Value Points 0.50 0.50

1.00
2.00
 Balance sheet
coquito de sula
December 31, 2020
should see
current assets:
Cash 22,600
Banks 176,500
Banco occidente 84300
Bac 92200
Merchandise 1,572,700
Notes receivable 76,300
Customers 238,500
insurance 12,000
prepaid rents 60,000
Accounts receivable 18,400
total assets
non-current assets:
Furniture and equipment 48,200
Vehicle 290,000
unearned income 12,000
documents receivable 76,300
Terrain 980,000
Short-term liabilities:
Suppliers 482,800
notes payable 20,000
Taxes 51,860
Long-term:
loans 600,000
loan 378,600
Stockholders' equity:
Utility 379,940
Stockholders' equity: 1670300
sum of liabilities and equity 3,583,500
totals 3,583,500 3,583,500
SOLVENCY RATIO 22,60
3.92492698229546 0 176,500
greater than 1.50 strong
1,572,700
minor 1.00 risk 76,30
TOTAL CURRENT ASSETS 0 238,500
SUMMARY 12,00
ACCORDING TO THE RESULTS, IT CAN BE SAID THAT IT IS A VERY SOLVENT 0 60,00
SME, THEREFORE IT IS ABLE TO PAY ITS LIABILITIES THREE TIMES OVER, 0 18,40
WHICH MEANS THAT IT HAS A WIDE SOLVENCY MARGIN AND HAS AN 0 2,177,000
OPPORTUNITY TO IMPROVE ITS OPERATING CAPACITY BY IMPROVING THE
INFRASTRUCTURE OR PROCESSES IT HAS IN ITS BUSINESS.
TOTAL
LIABILITIES