Task for CF01

Task for CF01.

Task details of this unit.
Statement.
SACOMA, S.A. is a company engaged in the commercialization and distribution of fuels to
homes. The company carries out a series of operations from its incorporation until
September 30, 20x2. Below is a list of the operations performed:

1. On February 1, 20X2, the Company was incorporated with a share capital of 60,000
euros, and the contribution of a plot of land where the central base for supply and
distribution will be located, valued at 60,000 euros.
2. On February 7, 20X2, it acquired three tanker trucks for fuel delivery. The trucks are
priced at 15,000 euros for the power head and 10,000 euros for the tanker. It pays
75% of the total invoice value in cash, leaving it financed by signing two bills of
exchange at 35 and 60 days, each amounting to 9,375 euros.
3. On February 15, 20X2, the work started on February 2 by the company El Palustre
SL, to build a small office building on the land, was completed. The price of the
materials amounts to 3,000 euros and the mason's labor to 3,500 euros. Pay in
cash.
4. On February 17, 20X2 the company Cubos SL installs 3 warehouses to store goods,
the amount of the warehouses is 9,000 euros each, and the legalization and
installation amounts to 1,500 euros. Pay in cash.
5. On February 17, 20X2, it purchases furniture for the office, in the amount of 6,000
euros. Accepts a bill of exchange payable in 60 days.
6. On March 1, 20X2, it goes to a logistics center near its main base and loads goods
for 42,000 euros, paying after 45 days.
7. On March 3, 20X2 he sells fuels for the amount of 36,600 euros. The customer gives
you a bill of exchange payable in 35 days. He takes it to the discount on March 10.
8. On March 31, 20X2 it pays the salaries of its workers, being 5,000 euros of salaries,
1,439.76 euros the Social Security expense, an IRPF withholding of 600 euros, the
amount of the TC of payment to the Social Security is 1,797.7 euros and the liquid
paid by the bank is 4,042.06 euros.
9. On March 31, 20X2, it expects to need cash and requests a loan of 30,000 euros.

Make the corresponding journal and general ledger entries as of March 31, 20X2. VAT will
not be taken into account. Use the following template to make the annotations:

Annotation template(0.01 MB)

Scoring criteria. Total 10 points.
 For the correct completion of the journal entries = 8 points (there are 16 entries to be
made, with the score for each correct entry = 0.5 points).
 For the correct transfer to the general ledger = 2 points (1 point for: correct transfer of
balances and accounts; and 1 point for: correct calculation of the final balance of each
account).

Resources needed to perform the Task.

It will be necessary to use:

 A spreadsheet or word processor for making the entries. Use the attached template.
 A calculator.

Tips and recommendations.

In order to carry out this task, it is recommended that you have a PGC at hand, so that you
can familiarize yourself with it.

Delivery instructions.
Once the task has been completed, you will prepare a single document containing the
corresponding answers. The submission shall be made through the platform in the manner
established for this purpose, and the file shall be named according to the following
guidelines:

surname1_surname2_first_name_SIGxx_Task

Make sure that the name does not contain the letter ñ, accents or strange special
characters. For example, the studentBegoña Sánchez Mañas, for the first unit of the
MP of CF, should name this task as...

sanchez_manas_begona_CF01_Tarea