100 Cash Account.................................20,000

102 Banks Account............. ..... ... 80,000

121 Notes Receivable Account...... 30,000

255 Fixtures Account............. 50,000

300 Bank Loans Account....... 50,000

421 Notes Payable Account........ 20,000

500 Capital ........... ?

Maritime Trade Enterprise completed its establishment in November 2020 and in December 2020 has just started operating. The transactions during the period are as follows:

- On 04.12.2020, he received the goods amounting to 10.000 TL in cash. VAT excluded 18%.

- He has withdrawn 20.000 TL from his bank account on 08.12.2020.

- On 10.12.2020, he received 300 TL worth of stationery in advance to be used in the business. VAT excluded 8%

- Sold the goods amounting to 10.000 TL on 13.12.2020 (excluding VAT 18%). The business received the VAT amount in advance and received a check for the remainder.

- On 19.12.2020, he paid the 2.000 TL installment of the bank loan and 300 TL interest in advance.

- On 21.12.2020, he has collected half of the receivables in his possession in advance.

- On 24.12.2020, he bought the goods amounting to 10.000 TL (excluding VAT 18%). He paid his VAT and half price in advance and paid the rest from his bank account.

- On 29.12.2020, he sold the goods worth 4.000 TL by getting a check (except VAT 18%). The end-of-period inventory transactions of the Maritime Trade Enterprise are as follows.

- Make the VAT accrual.

- The annual normal depreciation rate for fixtures has been determined as 30%. Depreciation will be accounted for on a 1-month basis since the business has just started operating.

- As a result of the inventory, the end-of-period stock of the enterprise was determined as 5,000 TL.

- It was understood that 2.000 TL interest was deposited on the money of the enterprise in the bank.

Required: Maritime Trade Enterprise

1-Edit the opening balance sheet.

2-Make the journal entries.

3-Make big ledger entries.

4- Arrange the monthly balance sheet.

5-Make period-end inventory transactions. 6-Edit the income statement.

7-Make the closing of income-expense accounts. 8- Arrange the final balance sheet.

9- Arrange the end-of-period balance sheet.