CALCULATIONS

OCTOBER, 5

600 * 0,03 =

18,00

50 * 18,00 = 900,00
6 * 30,00 = 180,00
75 * 4,00 = 300,00
15 *130,00= 1950,00
10 * 90,00 = 900,00
4248,00
+ 509,76

Purchase rate 12%

V.A.T. 12%

4757,76
-

42,48

- 4715,28

Income tax withholding

Bank

OCTOBER, 18

10 * 35,00 = 350,00
5 * 150,00 = 750,00
982,14
+ 117,86

Sale (Mr . Juan Prez)

V.A.T. 12%

1100,00
-

9,82 Income tax withholding

1090,18

60% = 654,11 Cash

40% = 436,07 Accounts receivable

OCTOBER, 28

8 * 3,00 = 24,00
12 * 1,50 = 18,00
42,00
+

Sale (Ramirez Company)

5,04
47,04

- 0,42
46,62

Income tax withholding

Cash

OCTOBER, 31
CHARGE

HOURS

ACCOUNTANT

2 EXTRAORDINARY

3 OVERTIME

ADMINISTRATOR

3 EXTRAORDINARY

HEAD OF SALES

2 OVERTIME

Accountant
1300,00 / 240 = 5,42 * 2 = 10,83
x 2
21,67 EXTRAORDINARY
1300,00 / 240 = 5,42 * 1,5 = 8,13
x

24,39 OVERTIME

Administrator
1500,00 / 240 = 6,25 * 2 = 12,50
x

37,50 EXTRAORDINARY

Head of Sales
720,00 / 240 = 3 * 1,5 = 4,50
x 2
9,00 OVERTIME

Commissions
Head of Sales 0,80 %= 8,19
1024,14
Selling 1% = 10,24

Income tax

Mario Flores Len (accountant)

1346,06 x 12= 16.152,72 - 13.770,00= 2.382,72 x 10%=238,27 + 149,00= 387,20/12= 32,27

Wilson Barzallo Espinoza ( Administrator)

1537,50 x 12= 18.450,00 17.210,00 = 1.240,00 x 12% = 148,80 + 493,00 = 641,80/12=
53,48

NOVEMBER, 10 Canceled the first share of Bank Loan.

AMORTIZATION SCHEDULE
CAPITAL
INTEREST
T.DIVIDENDS

N
1
2
3
4
5
6
7
8
9
10
11
12

$
$
$
$
$
$
$
$
$
$
$
$

833,33
833,33
833,33
833,33
833,33
833,33
833,33
833,33
833,33
833,33
833,33
833,33

$
$
$
$
$
$
$
$
$
$
$
$

116,67
106,94
97,22
87,50
77,78
68,06
58,33
48,61
38,89
29,17
19,44
9,72

$
$
$
$
$
$
$
$
$
$
$
$

950,00
940,28
930,56
920,83
911,11
901,39
891,67
881,94
872,22
862,50
852,78
843,06

BALANCE
$ 10.000,00
$ 9.166,67
$ 8.333,33
$ 7.500,00
$ 6.666,67
$ 5.833,33
$ 5.000,00
$ 4.166,67
$ 3.333,33
$ 2.500,00
$ 1.666,67
$
833,33
$
-

NOVEMBER, 22 Canceled $800,00 of Advertising of the company with cash.

DECEMBER, 10 Canceled the second share of Bank Loan and the interest.

N
1
2
3
4
5
6
7
8
9
10
11
12

AMORTIZATION SCHEDULE
CAPITAL
INTEREST
T.DIVIDENDS
$
$
$
$
$
$
$
$
$
$
$
$

833,33
833,33
833,33
833,33
833,33
833,33
833,33
833,33
833,33
833,33
833,33
833,33

$
$
$
$
$
$
$
$
$
$
$
$

116,67
106,94
97,22
87,50
77,78
68,06
58,33
48,61
38,89
29,17
19,44
9,72

$
$
$
$
$
$
$
$
$
$
$
$

950,00
940,28
930,56
920,83
911,11
901,39
891,67
881,94
872,22
862,50
852,78
843,06

BALANCE
$ 10.000,00
$ 9.166,67
$ 8.333,33
$ 7.500,00
$ 6.666,67
$ 5.833,33
$ 5.000,00
$ 4.166,67
$ 3.333,33
$ 2.500,00
$ 1.666,67
$
833,33
$
-

DECEMBER 19 Realiced anual Depreciation expense:

ANUAL DEPRESCATION
EXPENSE

Description:

Computing Equipment

Unit Price:

1400,00

Residual Value:

200,00

Value to depreciate:

1200,00

Years Useful Life:

YEARS

ANNUAL
DEPRECIATION

ACCUMULATED VALUE IN BOOKS

DEPECIATION

1400,00

300,00

300,00

1100,00

300,00

600,00

800,00

300,00

900,00

500,00

300,00

1200,00

200,00

Description:

Land

Unit Price:

20000,00

Residual Value:

2400,00

Value to depreciate:

17600,00

Years Useful Life:

22

YEARS

ANNUAL

ACCUMULATED

DEPRECIATION

DEPECIATION

VALUE IN BOOKS

20000,00

0
1

800,00

800,00

19.200,00

800,00

1.600,00

18.400,00

800,00

2.400,00

17.600,00

800,00

3.200,00

16.800,00

800,00

4.000,00

16.000,00

800,00

4.800,00

15.200,00

800,00

5.600,00

14.400,00

800,00

6.400,00

13.600,00

800,00

7.200,00

12.800,00

10

800,00

8.000,00

12.000,00

11

800,00

8.800,00

11.200,00

12

800,00

9.600,00

10.400,00

13

800,00

10.400,00

9.600,00

14

800,00

11.200,00

8.800,00

15

800,00

12.000,00

8.000,00

16

800,00

12.800,00

7.200,00

17

800,00

13.600,00

6.400,00

18

800,00

14.400,00

5.600,00

19

800,00

15.200,00

4.800,00

20

800,00

16.000,00

4.000,00

21

800,00

16.800,00

3.200,00

22

800,00

17.600,00

2.400,00

Description:

Ofice Fornitures

Unit Price:

1000,00

Residual Value:

100,00

Value to depreciate:

900,00

Years Useful Life:

YEARS

ANNUAL
DEPRECIATION

ACCUMULATED VALUE IN BOOKS

DEPECIATION

1000,00

100,00

100,00

900,00

100,00

200,00

800,00

100,00

300,00

700,00

100,00

400,00

600,00

100,00

500,00

500,00

100,00

600,00

400,00

100,00

700,00

300,00

100,00

800,00

200,00

100,00

900,00

100,00

Description:

Vehicles

Unit Price:

30000,00

Residual Value:

5000,00

Value to depreciate:

25000,00

Years Useful Life:

YEARS

ANNUAL
DEPRECIATION

ACCUMULATED VALUE IN BOOKS

DEPECIATION

5000,00

30000,00

5000,00

5000,00

25000,00

5000,00

10000,00

20000,00

5000,00

15000,00

15000,00

5000,00

20000,00

10000,00

5000,00

25000,00

5000,00

DECEMBER, 21 The members agree distributed the 70% of the retained earnings

RETAINED EARNINGS
$8.000,00 X 70%= $ 5.600,00

.
DECEMBER, 27 Canceled in cash the Basic Services for the month of October
and November $ 300,00. ( CASH)
BASIC SERVICES
$ 300,00

MANAGER

ACCOUNTANT