Task 1 (in Spanish):
Please write general journal entries that will adequately record the following:
Caja chica al comenzar en Agosto es $70
Pagos con dinero de la Caja Chica durante Agosto:
Bebidas y comida para una reunion de equipo $35
Materiales de oficina $25
Transportation de equipo al departmento de inmigración $10
The accounts you will need are:
o Petty Cash Account (Asset Account)
o Conference and Meetings (Expense Account)
o Transport, Lodging, Meals (Expense Account)
o Supplies (Expense Account)
Task 2:
Please write general journal entries that will adequately record the following:
We had received a government grant award on July 1 for $10,000. On August 31, we reported on the use of the first $5,000. On the same date, through a wire transfer to our main bank account, we received the payment from this government for the $5,000.
The accounts you will need are:
o Grants Receivable (Current Asset Account)
o Deferred Revenue (Liability Account)
o Government Grant (Income Account)
o Bank (Asset Account)
Task 3:
Please write general journal entries that will adequately record the following August payroll posting in USD.
Additionally, based on the following information let us know how much this employee received as her August net salary in USD:
Kawaida's gross salary: (Tanzania Shilling) TZS 3,225,000
Kawaida's pension contribution (Tanzania Shilling) TZS 161,250
Kawaida's income tax contribution (Tanzania Shilling) TZS 806,925
Asylum Access's pension contribution (Tanzania Shilling) TZS 483,750
The accounts you will need are:
o Foreign Payroll (Expense Account)
o Pension Liability (Liability Account)
o Income Tax Liability (Liability Account)
o Pension Liability (Liability Account)