Reference no: EM132568718
The following chart of accounts will be used in the B, ignores the concept of VAT unless the problem indicates the opposite. B1. Mr. Arturo Gutiérrez started a business to provide computer services and performed the next movements:
a) You invested $800,000 to open your business. Pc and deposited it in the business checking account.
b ) He bought a place to set up his office, paying with a $200,000 check.
c ) Purchased office supplies for $3 000, which will pay in a fortnight.
d ) Earned income by performing computer services for $10,800, which he collected in cash.
e ) Performed a service to Mrs. Rocio Preciat for $4,500, which will be collected later.
f ) Paid by check the following: the monthly salary of your employee ($8,000), water services ($500) and electricity services ($1 500).
(g) Paid for the items mentioned in subparagraph (g) above. c).
h ) Charged Mrs. Preciat $4,500 of the debt.
i ) Hired an ad in the newspaper (advertising) at a cost of $11,000, to be paid later.
j ) Paid for the advertisement in the newspaper mentioned in the previous section.
It is requested:
Question 1: Indicates the effect of the described movements on the equation basic accounting .
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