Accounting and Cost Exercises

2.2 The industrial company Man, SA, at the beginning of the fiscal year of January 1,
20XX, presents the following balances:

Accounts Has to To have

Banks $42.000
Customers $35.000
Raw materials warehouse $17.500
Finished item warehouse $21.000
Machinery and factory equipment $35.000
Accumulated depreciation and equi.
$7.000
Fabri.
Suppliers $28.000
Social capital $107.000
Accumulated profit $8.500

During the year 20XX, the following operations were carried out:
1. Raw materials were purchased on credit in the amount of $28,000.
2. The production department required $32,900 of raw materials, of which
$28,000 were direct and $4,900 were indirect.
3. The amount of labor paid in the period amounted to $12,600, of which $10,500 was
direct and $2,100 was indirect.
4. Various indirect expenses were made (electricity, rent, etc.) amounting to $1,400.
5. Factory machinery depreciated by 10% annually.
6. Items worth $50,400 were completed
7. Sales for the year were $120,000, the cost of which amounted to $71,400.
8. The charge to clients was $100,000
9. Payment to suppliers during the year was $35,000
10. Administration expenses were $12,400
11. The sales expenses incurred were $20,200
It must be prepared:
a) Record the entries in general ledger schemes:
 Banks Customers 17.500 2)32.900
42.000 3)12.600 $35.000 8)100.000 1)28000
8)100.000 4)1.400 7)120.000 45.500 32.900
9)35.000 155.000 100.000 12.600
10)12.400 55.000
11)20.200
142.000 81.600
60.400
Depreciation of machinery
and factory equipment
Maq. And equi.Fabri 7.000
Finished Art Warehouse 35.000 5)3.500
21.000 7)71.400 10.500
35.000
6)50.400
//

Accumulated profit
Social capital 8.500
Suppliers 107.000 8.500
9)35.000 28.000
107.000
1)28000
35.000 56.000
21.000

Production process
Labour 2)$28.000 6)50.400
Indirect charges 3)12.600 3)12.600 3)10.500
2)4.900 38.500 50.400
//
3)2.100 11.900
4)1.400
5)3.500
11.900

Sales in epais
Administration expenses 7)120.000
Sales cost 10)12.400
7)71.400

Sales expenses
M/P Warehouse
11)20.200

Accounts Has to To have

Banks 60.400
Customers 55.000
Raw materials warehouse 12.600
Indirect charges 11.900
Machinery and factory equipment 35.000
Sales cost 71.400
Administration expenses 12.400
Selling expenses 20.200
Accumulated depreciation and equi. Fabri. 10.500
Suppliers 21.000
Social capital 107.000
Accumulated profit 8.5000
Production process 11.900
Sales in the country 120.000
Total 278.900 278.900
2.3. The industrial company Sam, SA, at the beginning of the fiscal year of January 1,
20XX, presents the following balances:

Accounts Has to To have

Banks 100.800
Customers 84.000
Raw materials warehouse 42.000
Process production 28.560
Finished item warehouse 50.400
Machinery and factory equipment 84.000
Accumulated depreciation and equi.
16.800
Fabri.
delivery team 50.000
Suppliers 67.200
Social capital 335.600
Accumulated profit 20160

During the year 20XX, the following operations were carried out:
1. Raw materials were purchased on credit in the amount of $67,200
2. The production department required $78,960 of raw materials, of which $67,200 were
direct and $11,760 were indirect.
3. The amount of labor paid in the period amounted to $30,240.00, of which $25,200 were
direct and $5,040 were indirect.
4. Various indirect expenses were made (electricity, rent, etc.) amounting to $3,360
5. Factory machinery depreciated by 10% annually.
6. Delivery equipment depreciated by 20% annually.
7. Items worth $109,200.00 were completed.
8. Sales for the year were $210,000.00, the cost of which amounted to $100,800.00.
9. The collection from clients was $240,000.00.
10. Payment to suppliers during the year was $84,000.00.
11. Administration expenses were $29,760.00
12. The sales expenses incurred were $36,240.00
It must be prepared:
a) Record the entries in general ledger schemes:
 Banks Customers 42.000 78.960 (2
100.800 30.240(3 84.000 240.000(9 1)67.200
9)240.000 3.360(4 7)210.000 109.200 78.960
84.000(10 294.000 240.000
30.240
29.760(11 54.000
36.240(12
340.800 183600
157.200 Maq. And equi.Fabri
Store finished items 84.000
Production in process 84.000
50.400 100.800(8
28.560 109.200(7 7)109.200
2)67.200 159.600 100800
3)25.200 58.800
120.960 109.200
11760
suppliers
delivery team 10) 84.000 67.200
Maq Depreciation And 1)67.200
50.000
equi.Fabri 134.400
16.800 50.000 50.400
8.400(5
10.000(6
35200
indirect character
Accumulated profit 2)11.760
3)5.040
20.160 4)3.360
Social capital
335.600 20.160 5)8.400
6)10.000
335.600 38560

Sales cost
Sales in the country 8) 100.800
210.000(7 100.800
Labour
210.000
3)30.240 30.240(3
//

M/P Warehouse
Administration expenses
11)29.760
29.760

Selling expenses
12)36.240
36.240

Accounts Has to To have

Bank 157.200
Customers 54.000
Raw materials warehouse 30.240
Production in process 11.760
Finished item warehouse 58.800
Machinery and factory equipment 84.000
Delivery equipment 50.000
Indirect nature 38.560
Costs of sale 100.800
Administrative expenses 29.760
Selling expenses 36.240
Accumulated depreciation and equi. Fabri. 35.200
Suppliers 50.400
Social capital 335.600
Accumulated profit 20.160
Sales in the country 210.000

Total 651.360 651.360

2.4 The industrial company Ter, SA, at the beginning of the fiscal year on January 1,
20XX, presents the following balances:

Accounts Has to To have

Banks 52.500
Customers 43.750
Raw materials warehouse 21.875
Process production 14.875
Finished item warehouse 26.250
Machinery and factory equipment 43.750
Accumulated depreciation and equi.
8.750
Fabri.
Suppliers 35.000
Social capital 148.750
Accumulated profit 10.500

During the year 20XX, the following operations were carried out:
1. Raw materials were purchased on credit in the amount of $35,000
2. The production department required $41,125 of raw materials, of which $35,000 were
direct and $6,125 were indirect.
3. The amount of labor paid in the period amounted to $15,750, of which $13,125 was
direct and $2,625 was indirect.
4. Various indirect expenses were made (electricity, rent, etc.) amounting to $1,750.
5. Factory machinery depreciated by 10% annually.
6. Items worth $56,875 were completed
7. Sales for the year were $109,375, the cost of which amounted to $52,500
8. The collection from clients was $125,000
9. Payment to suppliers during the year was $43,750
10. Administration expenses were $15,500
11. The sales expenses incurred were $18,875.
It must be prepared:
a) Record the entries in general ledger schemes:
 Banks Sales cost
52.500 15.750(3 7)52.500
8)125.000 1.750(4
43.750(9
15.500(10
18.875(11
177.500 95.575 Customers
81.875 43.750 125.000(8
7)109.375
M/P Warehouse
153.125 125.000
Production in process 28.125 21.875 41.125(2
14.875 1)35.000
2)35.000 56.875 41.125
3)13.125 15.750
63.000
Warehouse of finished
articles
26.250 52.500(7
26.250 52.500
maq and equi.fabri
Depreciation of 26250 43.750
machinery and factory 43.750
equipment
8.750
4.375(5
13.125
suppliers
9) 43.750 35.000
35.000 (1 Social capital
43.750 70.000 148.750
26.250 148.750
Accumulated profit
10.500
10.500

Indirect nature
2)6.125
3)2.625 Labour
4)1.750 3)15.750 15.750(3
5)4.375 //
Sales in the country 14.875
109.375(7
Administration expenses
10)15.500
 Selling expenses
11)18.875
18.875

Accounts Has to To have

Bank 81.875
Customers 28.125
Raw materials warehouse 15.750
Production in process 63.000
Machinery and factory equipment 43.750
Indirect nature 14.875
Costs of sale 52.500
Administrative expenses 15.500
Selling expenses 18.875
Finished item warehouse 26.250
Accumulated depreciation and equi. Fabri. 13.125
Suppliers 26.250
Social capital 148.750
Accumulated profit 10.500
Sales in the country 109.375

Total 334.250 334.250

2.5 The industrial company Jav, SA, at the beginning of the fiscal year of January 1, 20XX,
Presents the following balances:

Accounts Has to To have

Banks 100.000
Customers 84.000
Raw materials warehouse 42.000
Finished item warehouse 50.400
Machinery and factory equipment 84.000
Accumulated depreciation and equi.
16.000
Fabri.
delivery team 50.000
Suppliers 67.200
Social capital 307.200
Accumulated profit 20.000

During the year 20XX, the following operations were carried out:

1. Raw materials were purchased on credit in the amount of $67,200

2. The production department required $78,960 of raw materials, of which $67,200 were direct
and $11,760 were indirect.

3. The amount of labor paid in the period amounted to $30,240.00, of which $25,200.00 was
direct and $5,040.00 was indirect.

4. Various indirect expenses were made (electricity, rent, etc.) amounting to $3,300

5. Factory machinery depreciated by 10% annually.

6. Delivery equipment depreciated by 20% annually.

7. Items worth $120,900 were completed

8. Sales for the year were $300,000, the cost of which amounted to $171,300.

9. The collection from clients was $330,000

10. Payment to suppliers during the year was $84,000

11. Administration expenses were $29,800

12. The sales expenses incurred were $51,900
 Sales in the country
300.000(8
Banks
300.000
100.000 30.240(3
9)330.000 3.300(4
84.000(10
29.800(11
51.900(12
430800 199.240
231.760 Customers
84.000 330.000(9
8)300.000
Production in process
384.000 330.000
67.200(2 120.900(7 54.000
25.200(3 M/P Warehouse
42.000 78.960(2
92.400 120.900 1)67.200
28.500
109.200 78.960
Store finished items
30.240
50.400 171.300(8
7)120.900
Maq Depreciation And
equi.Fabri 171.300 171.300
16.000 //
Maq. And equi.Fabri
5)8.400 84.000
6)10.000
84.000
34.400
delivery team
50.000

50.000
Social capital
307.200 Suppliers
307.200 10)84.000 67.200
67.200(1
84.000 134.400
Accumulated profit 50.400
20.000
20.000

indirect character
Labour
2)11.760
3)30.240 30.240(3
3)5.040
// 4)3.300
5)8.400
6)10.000
 38.500

Selling expenses
Sales cost 12)51.900
8)171.300 51.900
171.300

Administration expenses
11)29.800
29.800

Accounts Has to To have

Bank 230.760
Customers 54.000
Raw materials warehouse 30.240
Machinery and factory equipment 84.000
Delivery equipment 50.000
Indirect nature 38.500
Costs of sale 171.300
Administrative expenses 29.800
Selling expenses 51.900
Production in process 28.500
Accumulated depreciation and equi. Fabri. 34.400
Suppliers 50.400
Social capital 307.200
Accumulated profit 20.000
Sales in the country 300.000

Total 740.50hp 0 740.500