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e) --------------------28.5.2023------------------------------------ 150 Raw Materials and Supplies 1000 100 Cash 1,000 The aim of this homework is to get you acquainted with the accounting system
e)
--------------------28.5.2023------------------------------------
150 Raw Materials and Supplies 1000
100 Cash 1,000
The aim of this homework is to get you acquainted with the accounting system of Trkiye. In Trkiye, an identical coding system is used by all the commercial companies. The code is followed by the name of the account. We call this system "uniform chart of accounts". Information about this system is given in another file in your UBIS. The names of the accounts are similar to the ones you have studied. Please choose the correct journal entry for the transactions that are listed, and enter your answers to the following table: Assume that the following transactions occurred on April 28, 2023. 1. Customer A, who purchased on credit previously, transfers TL 1,000 to our bank account. 2. We buy raw materials, which has a value of TL 1,000 and pay in cash. 3. We buy equipment, which has a value of TL 1,000 and pay the supplier in notes. 4. We pay back a bank loan of TL 1,000 and its interest of TL 200 from our bank account. 5. We pay TL 1,000 for rent, and we transferred the money from our bank account
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