ABC company is buying and selling rules as a whole ler. The following events took place in 2019 1. ABC Company is founded by Obow Guide on 01.11.2019 with the equity of 10.000.000 TL. This amount is paid by the partner at the same date 2. The company bought a stere at Gooshor 2800.000 TL citas sales office on 01.11.2019. The cost of the store is paid from bank accounts. The useful life of the store is 30 years. At the same date, the company hired a construction company to paint the walls and change the floor for 200.000 TL. The construction company completed all the tades at the same date and was paid by ABC companyia banks 3. The company insured its store with the inctory for your on 01.11.2019. The premium of the year insurance plan is 240.000 TL and is paid by the company at the same dal 01.11.2000 4. In accordance with an investment plan, the company sented a store in Optimum AVM for 1 year on 01.12.2019. Tal of the rental cost is 180.000 TL and the rent will be paid at the end of the contract on 10.11.2000 Additionally, the company get the walls painted and the floor chanpod by a construction company. In return this service ABC company paid 6.000 TL to the construction.com 5. In the sere located in Gw the company set up a stand to advertise a huby botle company's products for 1 year on 01.12.2019. In retam to this advertisement service, 48.000 TL will be paid by baby bole company at the end of the contact on 30.01.2020 The transactions asciated with the inventory have occurred during the year as in the table below Dale Act Transactie 150 110 Price Transportation Costa 400 40 son BS 11.2010 Sales 16.01.2010 Puchos 10 200 ssa 150 Se 40 03.12.2019 Puch All payments placed in the table are made via bank You are required . Book the yumul entries, only for the year of 2019. for each transaction including the opening records in the general joumal Booking the records to the lodgers is a obligatory. However, it is strongly encouraged to be the recording to the lodges so that you can track the numbers in a coct way. (45 Points) h. Book the inventory and closing records in the general joumal on 31.12.2019. Booking the records to the lodgers is not obligatory. However, it is strongly encouraged to book the recording to the lodgers so that you can track the numbers in a corect way. (45 Points) c. Prepare income statement of 2019 terme 31.12.2019.10 Points) Note: The company uses FIFO inventory method under periodic inventory system The company was the straight line amortisation method with the Indirect deduction VAT rate is %18 Corporate tax rate is 22. Good Luck
