Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

a. The company purchased1, 1000 of the Ada A.. shares at a price of 1,5TL / share on July 2019 by the bank. The bank

image text in transcribed
a. The company purchased1, 1000 of the Ada A.. shares at a price of 1,5TL / 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.. at a price of 1.4 TL / share through the bank and the Money is deposited into the company's 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 TL/ share by the bank and the and the amonut is deposited to the company's bank account after the 1% sale commission cut. d. The value of Ad? A.Sashares was realized as 1.45 TL on 31 December 2019. Show the period-end valuation. a. The company purchased1, 1000 of the Ada A.. shares at a price of 1,5TL / 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.. at a price of 1.4 TL / share through the bank and the Money is deposited into the company's 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 TL/ share by the bank and the and the amonut is deposited to the company's bank account after the 1% sale commission cut. d. The value of Ad? A.Sashares was realized as 1.45 TL on 31 December 2019. Show the period-end valuation

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Auditor Quo Vadis

Authors: Mervyn King, Linda De Beer

1st Edition

1138496774, 978-1138496774

More Books

Students also viewed these Accounting questions