Solve the following ledger please 1. We buy goods on credit for $30,000.00, we pay 50% in cash, and the rest on credit. 2. We buy goods on credit for $150,000.00, we pay 50% in cash, 30% on credit and for the rest we sign a document. 3. On March 1, 2005, we bought merchandise for $65,000.00 and signed a document, for which they will charge us 1% per month. we paid on May 31, 2005
Solve the following ledger please
1. We buy goods on credit for $30,000.00, we pay 50% in cash, and the rest on credit.
2. We buy goods on credit for $150,000.00, we pay 50% in cash, 30% on credit and for the rest we sign a document.
3. On March 1, 2005, we bought merchandise for $65,000.00 and signed a document, for which they will charge us 1% per month. we paid on May 31, 2005.
4. On February 1, 2005, we took a loan from BBVA for the amount of $230,000.00, signing a promissory note at 17% per year for 60 days. the document was paid on March 31, its expiration date. (document with interest and document with discounted interest).
5. On June 1, 2004, we requested a loan from Mr. Adolfo López in the amount of $320,000.00, and we signed a promissory note at 15% per annum for 6 months. (both methods).
6. On July 1, 2004, we accepted a document from "Abarrotera Novoa" for $37,800.00, payable on December 31 of the same year. In October, our company requires liquid resources, so we discounted the document in charge of "Abarrotera Novoa" at BBVA, in accordance with the document discount contract previously entered into. The bank pays us $37,233.00, the difference corresponds to the 1.5% that has been deducted from us as a commission. The bank notifies us that it has made a good collection.
7. We discount documents with a value of $78,000.00 at the bank, making the latter a charge of 1.3% commission. The bank notifies that it has collected all the documents, except one of $12,000.00, for which it is charged to our account, plus $750.00 for collection expenses.
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