Can you solve this problem according to the under the question (UNIFORM CHARTS OF ACCOUNTS OF TURKEY)

FOTAS Automotive Company gives 30-day paid leaves to its factory workers every summer. Half of the workers goon leave in July, the other half in August. Budgeted gross wages for summer leaves in 2019 is 2,520,000. In July 2,000,000 direct labor, 500,000 indirect labor and 1,000,000 leave pay accrued. In August accrued direct labor was 2,100,000, indirect labor was 400,000 and leave pay was 1,400,000. In December 4,000,000 direct labor and 800,000 indirect labor accrued.

Required:

Show all journal entries for labor cost in July, August, and December including month- and year-end entries.

1 CURRENT ASSETS

10 Cash and Equivalents

100. Cash on hand

101. Checks received

102. Banks (Cash in Bank)

103. Checks issued and money orders given (-)

108. Other cash and equivalents

11 Marketable Securities

110. Stocks (Shares)

111. Private sector bonds and other debtsecurities

112. Public sector bonds and other debt securities

118. Other marketable securities

119. Provision for diminution in value of marketable

     securities (-)

12 Trade Receivables

120. Accounts receivable - customers

121. Notes receivable - customers

122. Discount on notes receivable (-)

126. Deposits and guarantees given

127. Other trade receivables

128. Doubtful trade receivables

129. Provision for doubtful trade receivables (-)

13 Other Receivables

131. Receivables from shareholders

132. Receivables from subsidiaries

133. Receivables from affiliated companies

135. Receivables from employees

136. Other miscellaneous receivables

137. Discount on other notes receivables (-)

138. Other doubtful receivables

139. Provision for other doubtful receivables (-)

15 Inventories

150. Materials and Supplies

151. Work-in-process

152. Finished goods

153. Merchandise

157. Other Inventories

158. Provision for inventory value diminutions (-)

159. Advance payments to suppliers

17. 17 Progress Costs of Long-term Construction and Repair Contracts

18. 18 Short-term Deferred (Prepaid) Expenses and Accrued Income

180. Deferred expenses for the coming months

181. Accrued Income

19 Other Current Assets

190. Deferred VAT

191. Deductible VAT

192. Other VAT

193. Prepaid taxes and funds

195. T ask advances

196. Employee advances

197. Asset count and delivery shortages 198. Other current assets 199. Provision for other current assets (-)

2 NONCURRENT ASSETS

22 Trade Receivables

220. Customer Accounts Receivable 221. Notes receivable 222. Discount of notes receivable (-) 226. Deposits and guarantees paid 229. Provision for doubtful trade receivables (-)

23 Other Receivables

231. Receivables from shareholders 232. Receivables from subsidiaries 233. Receivables from affiliated companies 235. Receivables from employees 236. Other miscellaneous receivables 237. Discount of other notes receivables (-) 239. Provision for other doubtful receivables (-)

24 Financial Non-Current Assets

240. Long-term marketable securities 241. Provision for diminution in value of long-term

securities (-) 242. Subsidiaries

243. Capital commitment for subsidiaries (-) 244. Provision for diminution in value of investments (-)245. Affiliated companies 246. Capital commitment to affiliated companies (-) 247. Provision for diminution in value of affiliated

companies (-) 248. Other non-current financial assets 249. Provision for other non-current financial assets (-)

25 Tangible Fixed Assets

250. Land 251. Underground and overground land

improvements 252. Buildings

253. Machinery, equipment and devices 254. Motor vehicles 255. Furniture and fixtures 256. Other tangible assets

257. Accumulated depreciation (-) 258. Construction-in-progress 259. Advances paid for fixed assets

26 Intangible Assets

260. Rights 261. Goodwill 262. Formation expenses 263. Research and development expenses 264. Leasehold improvements 267. Other intangible assets 268. Accumulated amortization (-) 269. Advances paid for intangibles

27 Depletable Assets

271. Exploration expenses

272. Preparation and development expenses

277. Other depletable assets

278. Accumulated depletion (-)

279. Advances paid for depletable assets

28 Long-term Deferred (Prepaid) Expenses and Accrued Income

280. Deferred expenses for the coming years

281. Accrued income

3 SHORT-TERM LIABILITIES

30 Financial Liabilities

300. Bank loans

303. Current instalments of and accrued interest on

     long-term loans

304. Current instalments of and accrued interest on

     long-term bonds issued

305. Bonds and notes issued

306. Other marketable securities issued

308. Discount on marketable securities issued (-)

309. Other financial liabilities

32 Trade Payables

320. 320 Accounts payable - suppliers

321. 321 Notes payable - suppliers

322. 322 Discount on notes payable (-)

326 Deposits and guarantees received 329 Other trade payables

33 Other Payables

331. 331 Payables to shareholders

332. 332 Payables to subsidiaries

333. 333 Payables to affiliated companies

335. 335 Payables to personnel

336. 336 Other miscellaneous payables

337. 337 Discount on other notes payables (-)

34 Advances Received

340 Advances received from customers 349 Other advances received

35. 35 Progress payments received on long-term construction and repair contracts

36. 36 Taxes and other legal liabilities payable

360. 360 Taxes and funds payable

361. 361 Social security withholdings payable

368. Overdue, deferred or payable-in-instalment taxes andother liabilities

369. Other legal liabilities

37 Provisions for Liabilities,Costs and Expenses

370. Provisions for income taxes and other income related legal obligations

371. Prepaid income taxes and other income related obligations (-)

372. Provision for severance payments 373. Provision for costs 379. Provision for other liabilities, costs and

expenses

38 Deferred Income and Accrued Expenses for the Coming Months

380. Deferred income for the following months 381. Expense accruals

39 Other Short-Term Liabilities

391. VAT collected 392. Other VAT 393. Current account for head office and branches 397. Asset count and delivery surpluses 399. Other miscellaneous short-term liabilities

4 LONG-TERM LIABILITIES

40 Financial Liabilities

400. Bank loans 405. Bonds and notes issued 407. Other marketable securities issued 408. Discount on marketable securities issued (-) 409. Other financial liabilities

42 Trade Payables

420. Accounts payable - suppliers 421. Notes payable - suppliers 422. Discount on notes payable (-) 426. Deposits and guarantees received 429. Other trade payables

43 Other Payables

430. Payables to shareholders 431. Payables to subsidiaries 432. Payables to affiliated companies 436. Other miscellaneous payables 437. Discount on other notes payable (-) 438. Deferred or payable-in-instalment

liabilities to the State

44 Advances Received

440. Advances received from customers 447. Other advances received

47 Provisions for Liabilities, Costs and Expenses

472. Provisions for severance payments 479. Provisions for other liabilities, costs and

expenses

48 Deferred Income and Accrued Expenses for the coming Years

480. Deferred income for the following years

481. Expense accruals

49 Other Long-Term Liabilities

492. VAT deferred or postponed to the coming years

493. Participation shares in the facilities

499. Other miscellaneous long-term liabilities5 SHAREHOLDERS EQUITY

50 Paid-up capital

500. 500 Capital

501. 501 Unpaid Capital (-)

52 Capital Reserves

520. 520 Share premium reserves

521. 521 Profit from invalidation of shares

522. 522 Revaluation fund from tangible fixed assets

523. 523 Revaluation fund from affiliates

529 Other capital reserves

54 Profit Reserves

540. 540 Legal reserves

541. 541 Statutory reserves

542. 542 General reserves

548. 548 Other profit reserves

549. 549 Special reserves

57 Previous Years Profits570 Previous years profits 58 Previous Years Losses580 Previous years losses 59 Profit (Loss) for the Period

590. 590 Net Profit for the period

591. 591 Net Loss for the period (-)

6 INCOME ST ATEMENT ACCOUNTS

60 Gross Sales

600. 600 Domestic Sales

601. 601 Export Sales

602. 602 Other Sales

61 Deductions from Sales (-)

610. 610 Returns from sales (-)

611. 611 Sales discounts (-)

612. 612 Other discounts (-)

62 Cost of Sales (-)

620. 620 Cost of finished goods sold (-)

621. 621 Cost of merchandise sold (-)

622. 622 Cost of services rendered (-)

623. 623 Cost of other sales (-)

63 Operating Expenses (-)

629. 629 Research and development expenses (-)

630. 630 Marketing, sales and distribution expenses (-)

631 General and administrative expenses (-)

64 Ordinary Revenues and Profits from Other Operations

640 Dividend income from subsidiaries 641 Dividend income from affiliated companies 642 Interest Income 643 Commission Income 644 Cancellation of Provision no longer required 645 Profit on sale of marketable securities 646 Gain from exchange rate differences 647 Discount interest income 649 Other ordinary revenue and profit

65 Ordinary Expenses and Losses from Other Operations (-)

653 Commission expenses (-) 654 Provisions (-) 655 Loss on sale of marketable securities (-) 656 Loss from exchange rate differences (-) 657 Discount interest expense (-) 659 Other ordinary expenses and losses (-)

66 Financial Expenses (-)

660 Short-term borrowing expenses (-) 661 Long-term borrowing expenses (-)

67 Extraordinary Revenues and Gains

671 Revenues and gains relating to previous periods 679 Other extraordinary revenues and gains

68 Extraordinary Expenses and Losses (-)

680 Cost of idle facilities (-) 681 Expenses and losses relating to previous periods (-)689 Other extraordinary expenses and losses (-)

69 Net Profit (Loss) for the Period

690 Net profit (loss) for the period 691 Provisions for taxes and other legal liabilities (-)692 Net profit (loss) for the period

7 COST ACCOUNTS (ALTERNATIVE 7/A)

70 Liaison Accounts

700 Cost accounting liaison account 701 Cost accounting applied account

71 Direct Material Cost

710 Direct materials control 711 Direct materials applied 712 Direct materials price variance 713 Direct materials quantity variance

72 Direct Labor Cost

720 Direct labor control 721 Direct labor applied 722 Direct labor wage variance 723 Direct labor time variance

73 Manufacturing Overhead Costs

730 Manufacturing overhead control

731. 731 Manufacturing overhead applied

732. 732 Overhead budget variance

733. 733 Overhead efficiency variance

734. 734 Overhead volume variance

74 Cost of Services Rendered

740. 740 Cost of services rendered control

741. 741 Cost of services rendered applied

742. 742 Cost of services rendered variances

75 Research and Development Costs

750. 750 Research and development costs (control)

751. 751 Research and development costs applied

752. 752 Research and development cost variances

76 Marketing, Sales and Distribution Costs

760. 760 Marketing, sales and distribution costs (control)

761. 761 Marketing, sales and distribution costs applied

762. 762 Marketing, sales and distribution cost variances

77 General &Administrative Costs

770. 770 General &administrative costs (control)

771. 771 General & administrative costs applied

772. 772 General &administrative cost variances

78 Financial Costs

780. 780 Financial costs (control)

781. 781 Financial costs applied

782. 782 Financial cost variance

7 COST ACCOUNTS (ALTERNATIVE 7/B)

79 Cost Types

790. 790 Materials and supplies

791. 791 Wages and other labor costs

792. 792 Salaries and other staff costs

793. 793 Outsources utilities and service

794. 797 Financial costs

795. 798 Cost types applied

796. 799 Manufacturing cost account