DATE PURCHASE Unit SALES Unit Cost Total BALANCE UniCost Total Unit UntCost Mar 1 7 Beginning Inventory Purchase 70 units TL14.00 per 10 Sale = 11 26 Sale Purchase unit 120 units TL 15.50 per unit 90 units 65 units TL 16.00 per unit 83 units 30 Sale 44units USE LIFO TO PREPARE THE STOCK CARD. 2- A vehicle costing TL 60,000 has a useful life of 11 years and a salvage value of TL 5,000 at the end of its useful life. Calculate the annual depreciation. Also calculate the net carrying value of the asset at the end of 8th year. 3- Company A is a fabric manufacturer. Firm A sold to Firm B on June 1, worth $ 200,000. Firm B paid $ 100,000 in cash, and will pay the remaining $ 100,000 a month later(1 July). On 1 July, entity B signed a note receivable contract with entity A for its remaining debt. The maturity of the contract is 60 days, the annual interest rate is 16%. Entity B paid the interest and principal of the note receivable at its maturity. a) Record the sales of firm A on June 1st in the journal. b) Record the contract of firm A on 1 July in the journal. c) When the contract is over, record the ledger containing interest and principal. (for 60 days) 5- Firm X made a cash sale of 106200 TL including VAT. Record the journal entry of firm A. The VAT rate is 18%. 6- Firm A sold 30000 TL worth of goods excluding VAT. The VAT rate is 18%. Record the journal entry of firm A