1.

1) Remaining VAT accounts of our company as of the end of January 2021 are as follows.

191 Deductible VAT = 10.000 TL Debt Remaining

391 Calculated VAT = 8.000 TL Credit Remainder

Record the journal (daily book) regarding VAT offset.

2) Our company paid 50.000 TL on 10.01.2021 to the architectural and engineering firm for the construction project drawing of the building to be built. Record the relevant journal (daily book).

3) Our company has made drilling for oil exploration by paying 350.000 TL + 10% VAT through a bank to another company on 20.01.2021. Record the relevant journal (daily book).

4) Our company purchased goods with 6 months maturity on 22.01.2021 with a price of 40.000 TL + 10% VAT. Record the relevant journal (daily book).

5) Our company delivered the goods ordered by the customer on 25.01.2021. The total invoice amount is 20.000 TL + 10% VAT, the order advance of 9000 TL previously received from the invoice amount was deducted and for the remaining amount, a 1-month bond was received from the customer. Record the relevant journal (daily book).

6) Our company rented a store with a monthly rent of 5.000 TL on 27.01.2021 and transferred the rental amount from the account of Garanti Bank Kadky Branch to the account of the store owner by deducting 20% withholding tax. Record the relevant journal (daily book).

7) Our company operating in the food sector rented the van belonging to the business on 01.12.2021 for 2 months with a monthly rental price of 3.000 TL + 10% VAT. Total rental fee and VAT amount were collected in cash. Record the relevant journal (daily book).