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Balance sheet of the company Gama as at 01.02.200X: *Reatng accumuiated depreciation isu UuU. ** The whole amount on bank account. In February the following

image text in transcribed Balance sheet of the company "Gama" as at 01.02.200X: *Reatng accumuiated depreciation isu UuU. ** The whole amount on bank account. In February the following accounting operations occurred: 1. Materials worth 2000 were taken from the storehouse and used: a) for production purposes: 1800 b) as a casual office use: 200 2. Materials worth 2000 were received as a free-of-charge transfer. 3. The company calculated depreciation of 900 , including: a) depreciation of a production machinery 800 b) depreciation of administration equipment 100 4. The company sold production materials for 1500 (in cash) and issued an invoice. Purchase value of these materials was 1000 . The materials were taken from the warehouse. 5. 50 pieces of finished products worth 2000 in total were taken to the warehouse (remaining main activity cost equals work in progress). 6. The entity received an interest from a bond 250 on the bank account. 7. The company sold half of finished goods with deferred payment (selling price on an invoice was 60 per piece). 8. Sold goods were taken from the storehouse and delivered to the customer. 9. 1000 of the liabilities were paid by bank money transfer. 10. 150 of the costs of transport were paid by cash. Required: a) Open the accounts and register all of the accounting operations, considering functional set of costs. b) Calculate profit or loss. c) Close the accounts and prepare the closing balance sheet as at 28.02.200X

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