Contabiulidad Administrativa

Ciclo Contable Completo – Diario, Mayor, Ajustes y Cierres
Problem 5: Cecy & Ana Inc.
Cecy & Ana established a beauty shop, Cecy & Ana, Inc. The information below is available to makethe financial statements for the month of December. The post-closing trial balance at the end of November had the next balances:
Cash $280
Clients 730
Prepaid insurance 240
Beautysupplies inventory 185
Truck 25,000
Accumulated depreciation/Truck 8,000
Equipment 9,000
Accumulated depreciation/Eq. 3,300
Suppliers 450
Salaries payable22.50
Taxes payable 18.50
Notes payable ?
Capital Stock 15,000
Retained earnings 3,250

Transactions for the month of December:
1. Dec. 3 Paid $1,155 insalaries, this amount includes the existing balance of $22.50 from the salaries payable account.
2. Dec 5 Bought beauty supplies on account for $21.
3. Dec 5 Received a check of $4,125 from Mrs.Dietrich, one of the company’s best clients, for the full-service that the company offers which includes between others spa, massages, face pack, etc.
4. Dec 9 Gave a check to the IRS for taxes that werepending of $18.50.
5. Dec 10 Paid $32 to suppliers for beauty supplies purchased and delivered in November.
6. Dec 13 Paid $750 for the shop´s rent of the month December.
7. Dec 15Collected $525from customers that had received beauty services on account
8. Dec 18 Paid $480 for gasoline, lubricants and balancing out the truck.
9. Dec 19 Gave checks for an amount of $1,032.50 to employees fortheir services.
10. Dec 21Paid $785 for December’s utilities (gas, water, electricity).
11. Dec 21Paid the phone bill from the current month: $98.50
12. Dec 23Received a cash payment from clientsfor services of $135.
13. Dec 23Charged $235 to the accounts of several customers for beauty services that had been provided, but
that were not collected yet.

Additional information at December...