1 Taka Company had the following transactions during February 2021. Show the effects of each transactions as it is shown in the first example in red (Each is 5 points, total 35 points).

Assets

Increase and decrease by the same amount

Liabilities OE

P 1.

Purchased office supplies by paying cash

2. Purchased inventory on account.

3. Paid the utilities bill.

4. The owner withdrew money from

business for personal use.

5. Bought a building. Paid half of the

price in cash and the balance as

note payable.

6. Received cash from one of the

clients who owed to the company.

7. Paid salary to the staff.

8. Earned service revenue on account.

2 Fill in the unknown values in the accounting equation for each entity (in TL) (Each is 5 points, total 15 points)

Assets

Company A

Company B 32.950 Company C 16.340

Liabilities 185.400

5.960

Owners Equity 103.200

17.000

3 Hola Tourism, Inc. is a cosmetics wholesale company. The companys February 2022 transactions are below. (Total 50 points)

1. Record the General Journal Entriees (10 pt for each, total 40 points).

2. Record the Ledger Accounts (10 pt).

7 March The company started the business with 100.000 TL cash, and 100.000TL in its bank account.

9 March Company purchased goods for 50.000TL from Lotus Inc. and paid the amount half bank transfer and half on account.

15 March The Company bought a vehicle that is worthed 1.000.000 TL via bank credit.

23 March- The Company bought equipment for 120.000TL in cash.