19 On 1 January, Runners Sports Store paid 12.000 TL to Acme Realty for 4 months rent beginning 1 January for the purpose of marketing and sales. If financial statements are prepared on 31 January, the end of period accounting record to be made by Runners Sports Store is

Select one:

a Debit Rent Expense, 12.000 TL; Credit Prepaid Rent, 12.000 TL

b Debit Prepaid Expenses, 3.000 TL; Credit Rent Expense, 3.000 TL

c Debit Marketing, Selling and Delivery Expenses, 3.000 TL; Credit Prepaid Expenses, 3.000 TL

d Debit Rent Expense, 12.000 TL; Credit Marketing, Selling and Delivery Expenses, 12.000 TL

8 How much is cash(net) realizable value using the given items in TL: Accounts Payable 60.000, Accounts Receivable 200.000, Accumulated Depreciation 180.000,Allowance for Doubtful Accounts 4.000, Bank Loans(LT) 80.000, Bank Loans(ST) 40.000, Banks 360.000, Building 222.000, Capital 700.000, Cash 20.000, Land 120.000, Merchandise Inventory 120.000, Notes Payable 50.000, Prepaid Expenses 12.000,Provision for Corporate Tax 20.000,Unearned Revenue 20.000,and Vehicle 180.000.

Select one:

a 60.000 TL

b 200.000 TL

c 204.000 TL

d 196.000 TL

23 How much are total non-current assets (long-term assets) using the given items in TL: Accounts Payable 60.000, Accounts Receivable 200.000, Accumulated Depreciation 180.000,Allowance for Doubtful Accounts 4.000, Bank Loans(LT) 80.000, Bank Loans(ST) 40.000, Banks 360.000, Building 222.000,Capital 700.000, Cash 20.000, Land 120.000, Merchandise Inventory 120.000, Notes Payable 50.000, Prepaid Expenses 12.000,Provision for Corporate Tax 20.000,Unearned Revenue 20.000,and Vehicle 180.000.

Select one:

a 342.000 TL

b 602.000 TL

c 522.000 TL

d 622.000 TL