{"id":131608,"date":"2018-02-20T23:50:30","date_gmt":"2018-02-20T23:50:30","guid":{"rendered":"https:\/\/writemyessayfree.com\/gordo-and-tay-tays-taco-truck-is-a-food-truck-business-operating-locally-they-sell-a-range-of-tacos-snd-burritos-for-events-and-parties"},"modified":"2017-08-16T06:57:10","modified_gmt":"2017-08-16T06:57:10","slug":"gordo-and-tay-tays-taco-truck-is-a-food-truck-business-operating-locally-they-sell-a-range-of-tacos-snd-burritos-for-events-and-parties","status":"publish","type":"post","link":"https:\/\/www.benedictsol.com\/blogs\/gordo-and-tay-tays-taco-truck-is-a-food-truck-business-operating-locally-they-sell-a-range-of-tacos-snd-burritos-for-events-and-parties\/","title":{"rendered":"Gordo and Tay Tay\u2019s Taco Truck is a food truck business operating locally. They sell a range of taco\u2019s snd burritos for events and parties."},"content":{"rendered":"
\n

General Journal<\/p>\n

SCENARIO<\/p>\n

Gordo and Tay Tay\u2019s Taco Truck is a food truck business operating locally. They sell a range of taco\u2019s snd burritos for events and parties.<\/p>\n

The following transactions occured in March 2017. round all the fiqures to the nearest dollar:<\/p>\n

1, T gordo and S taylor, the partners and proprietors of Gordo and Tay Tay\u2019s Taco Truck, report that their business has the following assets and liabilities as at this date:<\/p>\n

Bank $30 000, Accounts Receivable=D-Trump $2500, Inventories $10,000, Motor Vehicle $25 000, Accounts payable- K west, loan from NAH BAnk $40 000. As equal partners, T Gordo and S Taylor split the capital contribution.<\/p>\n

2, Purchased inventories on credit from Mexellent Meats for $4500 (inv16)<\/p>\n

3, Sold inventories on credit to L Gilmore $1200 (cost price $620) (inv110)<\/p>\n

4, D Trump paid full amount owning (R60)<\/p>\n

5, Sold services on credit to K Perry $140 (Inv111)<\/p>\n

9,Returned some goods to Mexellent Meats and recieved adjustments note ref #55 for $420<\/p>\n

10, Paid $950 for rent for the month (CHQ 893)<\/p>\n

12, Bought another Taco Truck, classified as a motor vehicle, on credit from Food trucks Inc for $40 000. Terms were 20% deposit and remiander in one month\u2019s time (CHQ894, ref #1456)<\/p>\n

14, T Gordo obtained a personal loan from Eastpac Bank for $20 000<\/p>\n

15, Purchased office supplies on credit from Office works for $750 (ref#862)<\/p>\n

16, S Taylor threw an event with the Taco trucks for her own use, using inventories with a cost price of $1200 (memo16\/03\/2017)<\/p>\n

17, Cash sales of inventories $1400 (cost price $1500) (Inv 122)<\/p>\n

18, Obtained a quote for $5600 for new floor coverings for office from Watts whats and What nots. Sold goods on credit to N Stibbs for $3300, (cost price $1500) (Inv 112). Paid cash for advertising $1200 (CHQ895). Paid wages $2500 (CQH895)<\/p>\n

19, Sent cheque in part payment to K West $2000 (CHQ897). L Gilmore returned $90 worth of goods that were surplus to requirements (Cost price $40, adjustment note 24)<\/p>\n

20, Wrote cheque 899 to pay Mexellent Meats<\/p>\n

21, T Gordo contributed additional inventories to the business valued at $2500 (memo 21\/03\/2017)<\/p>\n

23, recieved a chequed from N Stibbs in full settlement of account (R61)<\/p>\n

26, S Taylor borrowed an additional $15 500 from the NAH Bank to begin renovations to the Taco Trucks (approval letter revieved today). Paid $50 intrest on the NAH Bank Loan (CHQ899)<\/p>\n

27, T Gordo withdrew cahs of $5 200 for his own use (CHQ 900)<\/p>\n

31, Recieved commison from the state of merchandise $520 (R62)<\/p>\n

Recieved $25 Intrest (R 63<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

General Journal SCENARIO Gordo and Tay Tay\u2019s Taco Truck is a food truck business operating locally. They sell a range of taco\u2019s snd burritos for events and parties. The following transactions occured in March 2017. round all the fiqures to Read More …<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-131608","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/131608","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=131608"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/131608\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=131608"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=131608"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=131608"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}