Answered On EXEL chart

5. The transactions associated with the inventory have occurred during the year as in the table below. Date Transaction Amount Price (TL) Transportation (number) (TL) 06.02.2019 Purchases 30 1.150.000 60.000 15.05.2019 Sales 23 1.200.000 40.000 16.05.2019 Purchases 10 1.200.000 20.000 12.08.2019 Sales 6 1.300.000 10.000 13.08.2019 Purchases 5 1.300.000 10.000 30.12.2019 Sales 6 1.400.000 10.000 Actate W All payments placed in the table are made via banks. Go to Settings You are required to, a. Book the journal entries, only for the year of 2019, for each transaction including the opening records in the general journal. Booking the records to the ledgers is not obligatory. However, it is strongly encouraged to book the recordings to the ledgers so that you can track the numbers in a correct way. (45 Points) b. Book the inventory and closing records in the general journal on 31.12.2019. Booking the records to the ledgers is not obligatory. However, it is strongly encouraged to book the recordings to the ledgers so that you can track the numbers in a correct way. (45 Points) c. Prepare income statement of 2019 term on 31.12.2019. (10 Points) Note: The company uses FIFO inventory method under perpetual inventory system. - The company uses the straight line amortisation method with the indirect deduction. VAT will be ignored for all transactions. - Corporate tax rate is %22. Good Luck