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4000 $ of the receivable, amounting to $ 10,000, whose collection has become suspicious, is guaranteed. Provision has been set aside for the part of

  1. 4000 $ of the receivable, amounting to $ 10,000, whose collection has become suspicious, is guaranteed. Provision has been set aside for the part of the receivable that is out of guarantee. Later on, it is concluded that 4000 $ of the receivable can be collected at the end of the legal process followed for this receivable provisioned in the relevant period. According to this,

a- Show the journal entries for setting a provision about the doubtful trade receivables at the end of the period,

b- Show the journal entries of the part that can be collected at the end of the legal process.

** When answering this question, you should definitely consider that a guarantee has been reserved for a part of the receivable.

  1. How can we define the term Receivables in accounting? How many groups are there related to the receivables of the enterprise in the uniform chart of accounts? Which accounts are under these groups? (For example, there is only one group related to stocks: 15 Stocks) What are the transactions required for the entity's forward receivables? Please explain briefly.

3- On September 1, 2019, the entity bought the bonds belonging to the private sector with a nominal value (par value) of 400,000 $ with an annual interest payment of 12% through the bank. The related bonds were sold on February 1, 2020 with a bank equivalent of 424,000 $ .

a- Please show the journal entries required on 31 December 2019.

b- Show the journal entries required on February 1, 2020.

c- If these bonds were sold on February 1, 2020 for 418.000 $ show the journal entries.

In the 4th question, answer each item by accepting each other.

4-

a- The company purchased1, 1000 of the Ada A.. shares at a price of 1,5 $ / share on July 2019 by the bank. The bank deducted 1% purchase commission and purchase price from the business's commercial deposit account.

b- On 15 July 2019 the company sold 200 of the shares of Ada A.(incorporated company). at a price of 1.4 $ / share through the bank and the Money is deposited into the companys bank account after the 1% sale commission cut.

c- On 27 July 2019 the company sold 200 of the shares of Ada A.. at a price of 1.7 $ / share by the bank and the and the amonut is deposited to the companys bank account after the 1% sale commission cut.

d- The value of Ada A.. shares was realized as 1.45$ on 31 December 2019. Show the period-end valuation.

 -All the details of the problem are interconnected and journal entries related to the event described in each case are requested

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