Question
1. Section: recording journal entries Assume that the following transactions occurred on September 30, 2020. 1. Customer B, who purchased on credit previously, transfers TL
1. Section: recording journal entries Assume that the following transactions occurred on September 30, 2020. 1. Customer B, who purchased on credit previously, transfers TL 10,000 to our bank account. 2. We buy raw materials, which has a value of TL 10,000 and pay in cash. 3. We buy equipment, which has a value of TL 10,000 and pay the supplier in notes. 4. We pay back a bank loan of TL 10,000 and its interest of TL 2,000 from our bank account. 5. We pay TL 10,000 for rent in cash. Choose the correct journal entry from the following list of transactions for the questions 1-5: a) 30.09.2020 Administrative Expenses 10,000 Cash 10,000 b) Banks Accounts Receivable c) Bank Loans Interest Expense Banks d) Equipment Notes Payable Inventory Cash 30.09.2020 10,000 10,000 30.09.2020- 10,000 2,000 12,000 30.09.2020 10,000 10,000 30.09.2020 10,000 10,000
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