FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

can you solve the third queston ? MAKE THE NECCESSARY JOURNAL ENTRIES... Kafka Company is a merchandising company and tradindg Office Equipments.Company's November 2019 trancations

can you solve the third queston ? image text in transcribed
MAKE THE NECCESSARY JOURNAL ENTRIES... Kafka Company is a merchandising company and tradindg Office Equipments.Company's November 2019 trancations are as follows. 1. Merchandise purchased for 62.000TL+VAT and note receivable endorsed. 5.000TL freight in +VAT%10 paid (cash).freight invoice is on account. 2. Company Decided to import Machinary for 300.000 US DOLAR. (USD) Installation and Adjustment Cost is 65.000 TL + %10 VAT. Import Tax is 35.000 TL. 75.000 USD, Advance is paid by issueing a check. USD Rate is 5.50 TL/USD. 3. At the end of the period, Cash (foreign currency account) balance is 14.000 US DOLAR (USD) and begining rate was 5.60 TL/USD and Ending rate is 6.20TL/USD

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

Rethinking Audit Cultures ACritical Look At Evidence Based Practice In Psychotherapy And Beyond

Rethinking Audit Cultures ACritical Look At Evidence Based Practice In Psychotherapy And Beyond

Authors: Lucy King

1st Edition

1906254311, 978-1906254315

More Books

Students also viewed these Accounting questions

Question

★★★★★
An air conditioner with refrigerant-134a as the working fluid is used to keep a room at 26oC by rejecting the waste heat to the outside air at 34oC. The room is gaining heat through the walls and the...

Answered: 1 week ago

Question

★★★★★
a. What is the probability that exactly 1 received a special accommodation?

Answered: 1 week ago

Question

★★★★★
Kenworth Company uses a job-order costing system. Only three jobsJob 105, Job 106, and Job 107were worked on during November and December. Job 105 was completed on December 10; the other two jobs...

Answered: 1 week ago

Question

★★★★★
can you solve the third queston ? MAKE THE NECCESSARY JOURNAL ENTRIES... Kafka Company is a merchandising company and tradindg Office Equipments.Company's November 2019 trancations are as follows. 1....

Answered: 1 week ago

Question

★★★★★
las cinco caractersticas clave que sustentan la filosofa yla prctica de la integracincomunicaciones de marketing (IMC) 1 answer

Answered: 1 week ago

Question

★★★★★
1/ Which was the disruptive decision in the asset management world made by Aperture? Why they "are different"? Please, make reference to performance-linked fee structure. 2/ During 2016, 2017 and the...

Answered: 1 week ago

Question

★★★★★
What are the importance of proper grounding and identify typical hazardous electrical locations. What are two electrical safety rules in each of the following areas: clothing, equipment, water,...

Answered: 1 week ago

Question

★★★★★
As the project manager for a software project that involves bleeding edge technology that has yet to be proven, you are charged with procuring the right software development partner to deliver...

Answered: 1 week ago

Question

★★★★★
Write the converse of fromList for the List type: a function that takes a List a and generates a [a]. Define a tree type that has only one constructor, like our Java example. Instead of the Empty...

Answered: 1 week ago

Question

★★★★★
C. July 1 is the end of the company's third quarter of operations, and the company must estimate the fair value of all its contracts, including derivatives, for its quarterly financial statements....

Answered: 1 week ago

Question

★★★★★
(Appendices) PREPARATION OF MERCHANDISING FINANCIAL STATEMENTS. Jay Coat Company has prepared the following unadjusted trial balance as of December Ble Ox2: LO9 The following data are also available:...

Answered: 1 week ago

Question

★★★★★
(Appendices) EFFECTS OF DISCOUNTS ON SALES AND PURCHASES. Helmkamp Products sells golf clubs and accessories to pro shops. During 19x5, Helmkamp purchased merchandise with a list price of $628,500 on...

Answered: 1 week ago

Question

★★★★★
(Appendices) TERMS OF SHIPMENT AND ENDING INVENTORY. On December 31, Archive Products had two shipments of merchandise in transit from different suppliers. The first shipment, which arrived on...

Answered: 1 week ago

Previous Question Next Question