3 If the monthly rent paid in advance is 500 TL, what will the accounting record by the end of the month?

Select one:

a Prepaid Expenses(LT) 500 debit, Cash 500 credit

b 770 General Administrative Expenses 500 debit, Prepaid Expenses(ST) 500 credit

c 770 General Administrative Expenses 500 debit, Prepaid Expenses(LT) 500 credit

d Prepaid Expenses(ST) 500 debit, Cash 500 credit

4 Using the following information, the Turkish Lira value of the net value of inventory is

Accounts Payable.8.000

Accounts Receivable..13.000

Accumulated Amortization.200

Accumulated Depreciation10.000

Additional Paid-in Capital.18.000

Allowance for Doubtful Accounts...2.000

Associates..20.000

Bank Loans(LT).30.000

Bank Loans(ST)8.000

Building100.000

Capital...124.000

Cash....40.000

Cost of Goods Sold.16.000

Domestic Sales.......36.000

Financing Expenses.200

Foreign Sales......24.000 TL

General Administrative Expenses1.800

Inventory..3.000

Legal Reserves.2.000

Marketing, Sales & Delivery Exp4.000

Notes Payable...6.000

Prepaid Expenses(ST)..1.000

Provision for Loss on Inventories1.000

Sales Discounts..10.000

Sales Returns.10.000

Software..2.200

Statutory Reserves..1.200

Subsidiaries28.000

Unearned Revenue..20.000

Select one:

a 1.000 TL

b 4.000 TL

c 3.000 TL

d2.000 TL