Ejercicios Resueltos De Contabilidad -

A/P = $3,500 Salaries Payable = $900 Loan Payable = $20,000 Total Liabilities = $24,400

The loan of $20,000 was not in the asset side? Cash includes it. The real issue: The trial balance above was inconsistent. Let’s rebuild correctly in a real exercise. 6. Exercise 5: Closing Entries Using the corrected Income Statement (Net Income = $10,100), close the temporary accounts. ejercicios resueltos de contabilidad

Debit: 6,000 (Feb10) Balance = 6,000

– Still not matching assets? Mistake: The capital should not be $50,000 if net income increased equity. Wait – in a sole proprietorship, net income closes to owner’s capital. So: A/P = $3,500 Salaries Payable = $900 Loan

(no changes in Feb) = 50,000