Name of the Company: _____________________________________________

Beginning balances in April 2022:

Cash $ 50,000
Banks 300,000
Merchandise Inventory 800,000
Equipment 200,000
Accounts payable 500,000
Paid-in Capital 850,000

Events in April 2022:

1. April 1st – The company sold merchandise for $__________ plus VAT, which was
received by bank transfer. The cost was $10,000.
2. April 2nd - The company purchased new equipment for $__________ plus VAT. The
payment was made by check.
3. April 2nd - The company purchased merchandise for $__________ plus VAT, and
paid with a check.
4. April 2nd. From the previous purchase, the company paid in cash for shipping costs a
total of $5,000 plus VAT.
5. April 3rd - The company bought 2 new computers for a total of $__________ plus
VAT. The payment was by check.
6. April 3rd – Sale of merchandise by bank transfer for a total of $__________ plus
VAT. The cost of the products was $60,000.
7. April 4th – Sale of merchandise on credit for a total of $__________ plus VAT. The
cost was $180,000.
8. April 5th - The company purchased new furniture on credit for $10,000 plus VAT.
9. April 6th - Purchase of merchandise for inventory on credit for a total of $__________
plus VAT.
10. April 7th - The company sold merchandise on credit for a total of $__________ plus
VAT. The cost of the products was $210,000.
11. April 8th – From the sale on April 1 st, the customer returned merchandise for $3,000.
The amount was refunded with a check. The cost of this merchandise was $900.
12. April 9th - The company purchased equipment on account for a total of $__________
plus VAT.
13. April 10th - Purchase of office supplies, paid in cash. The total was $3,500 plus VAT.
14. April 10th – Sale of merchandise for $100,000 plus VAT, made by bank transfer. The
cost of goods sold was $30,000.

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15. April 11th - Purchase of equipment on credit for a total of $10,000 plus VAT.
16. April 13th - The company purchased merchandise for $51,340 plus VAT, and paid
with checks.
17. April 13th - Sale of merchandise for $388,000 plus VAT. The sale was made 50% by
bank transfer and 50% on account. Cost of goods sold $160,000.
18. April 14th - Sale of merchandise by bank deposit for a total of $300,500 plus VAT.
The cost of this merchandise was $100,000.
19. April 14th - Sale of merchandise on credit for $200,350 plus VAT. The cost of goods
sold was $100,800.
20. April 15th – The company sold products by bank transfer for $100,610 plus VAT, and
gave a 10% discount. The cost of those products was $30,600.
21. April 16th - Purchase of merchandise for $__________ plus VAT, 50% was paid by
check and 50% of the purchase was on account.
22. April 16th - Administrative expenses accrued in the month (Electricity and water bills)
for $90,000 plus VAT.
23. April 16th - The company must pay the wages of personnel who work in the
administrative department. The total is $120,000.
24. April 16th – The amount of salaries accrued in the sales department is $40,000.
25. April 16th – Total amount of commissions that must be paid to sales personnel is
$100,000.
26. April 17th – The company purchased merchandise for $20,200 plus VAT, and paid in
cash. The supplier gave a 10% discount.
27. April 17th - Payment in advance of the rent of a warehouse for $60,000 by check, plus
VAT.
28. April 17th – From the sale on April 10th, the customer returned merchandise for
$20,000. The cost of this merchandise was $6,000.
29. April 17th – Purchase of merchandise for $40,000 plus VAT, guaranteed with notes.
30. April 17th – From the previous purchase, the company paid shipping costs in cash for
a total of $2,600 plus VAT.
31. April 18th - The company lent $3,000 to an employee by a bank deposit.
32. April 18th - Sale of merchandise for $__________ plus VAT. The customer
guaranteed the payment with notes. The cost of goods sold was $200,700.
33. April 19th – The company borrowed $40,000 from a bank and has to pay back in 8
months.
34. April 19th – Purchases of merchandise for inventory on credit for a total of $20,800
plus VAT.
35. April 19th - The company sold merchandise for $234,000 plus VAT. The customer
issued a note for this amount, including a 12% interest. The cost of the merchandise
was $95,800.
36. April 20th – From the purchase on credit yesterday, we returned merchandise for
$3,500.
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37. April 20th – Purchase of merchandise for $200,000 plus VAT, guaranteed with a note
including a 10% interest.
38. April 20th - Telephone service expense accrued in the administrative department for
a total of $__________ plus VAT, and in the sales department for $2,000 plus VAT.
39. April 20th – Sale of merchandise for $88,000 plus VAT, 80% by bank transfer and
20% on account. The cost of goods sold was the 40% of the sale.
40. April 21st – Purchase of computer equipment on credit for $40,300 plus VAT.
41. April 21st – Purchase of furniture on credit for $180,300 plus VAT.
42. April 21st – The company returned merchandise to the supplier for $20,000 and for
this amount we received a bank transfer.
43. April 22nd - The company borrowed $800,000 from a bank. The debt matures in 2
years. Interest payable $80,000.
44. April 23rd – Equipment was purchased for $300,450 plus VAT, 50% paid by check
and for the rest we issued a note.
45. April 24th – Equipment was purchased on credit for $50,000 plus VAT.
46. April 24th – The company sold merchandise for $900,000 plus VAT. The customer
made a bank deposit. The cost of this merchandise was the 30% of the sale.
47. April 24th – The company paid shipping costs from the previous sale. The amount
was $40,000 plus VAT, and was paid with a check.
48. April 25th – The company collected $__________ from a customer. This amount was
deposited in the company´s bank account.
49. April 26th – Purchase of equipment for $1,000,000 and furniture for $290,000; plus
VAT. The company paid by bank deposit.
50. April 27th – Advertising expense paid with a check for $__________ plus VAT.
51. April 27th – From the sale on April 24th, the customer returned $__________; this
amount was refunded with a check.
52. April 28th – Purchase of merchandise for inventory on credit for $700,000 plus VAT.
53. April 29th – Payment to a supplier for $320,890 by bank transfer.
54. April 30th - Depreciation of fixed assets in the month: $133,596.
55. April 30th - Income taxes accrued 30%

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