Answered step by step
Verified Expert Solution
Question
1 Approved Answer
3- Record the General Journal Entries and post the entries to General Ledger depends on the information below : (50 P) 07.01.2017 Purchased commercial goods
3- Record the General Journal Entries and post the entries to General Ledger depends on the information below : (50 P) 07.01.2017 Purchased commercial goods costing TL. Half of the payment was paid cash TL was paid by cheques and promised to pay the remaining amount in 3 months (tax excluded).. 13.01.2017 Sold goods pricing TL. They paid TL cash, TL Cheques and promised to pay the remaining amount in 2 months (tax included). 21.01.2017 Company paid ..... TL cash for short term trade payables(not written). 25.01.2017 Company collected .......... TL payment from customers (S.T.L.) 26.01.2017 A customer ordered goods costing TL TL was paid in advance. The goods ordered are delivered to the firm 1 days later(tax excluded). Promised to pay the remaining amount in 1 month. 27.01.2017 Ordered a vehicle costing TL. .......... TL was paid in advance. The vehicle ordered is delivered to the form 1 day later(tax excluded). Promised to pay the remaining amount in 24 months as equal installments. Payday of installments is 17. of every month. 3- Record the General Journal Entries and post the entries to General Ledger depends on the information below : (50 P) 07.01.2017 Purchased commercial goods costing TL. Half of the payment was paid cash TL was paid by cheques and promised to pay the remaining amount in 3 months (tax excluded).. 13.01.2017 Sold goods pricing TL. They paid TL cash, TL Cheques and promised to pay the remaining amount in 2 months (tax included). 21.01.2017 Company paid ..... TL cash for short term trade payables(not written). 25.01.2017 Company collected .......... TL payment from customers (S.T.L.) 26.01.2017 A customer ordered goods costing TL TL was paid in advance. The goods ordered are delivered to the firm 1 days later(tax excluded). Promised to pay the remaining amount in 1 month. 27.01.2017 Ordered a vehicle costing TL. .......... TL was paid in advance. The vehicle ordered is delivered to the form 1 day later(tax excluded). Promised to pay the remaining amount in 24 months as equal installments. Payday of installments is 17. of every month
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started