Exercise 5. "Wool" Ltd. beginning balances of balance sheet accounts on 01.10 are in EUR: 1. Other fixed assets - 15000 2. Accumulated depreciation of fixed assets -5 000 3. Purchasers and commissioning party debts- 30 000 Inventories balances (on the 01.01.) open separately account for each kind of Inventory: 4. Fabrics-11 000 s. Unfinished orders-1000 & Ready-made clothes in shop - 2000 *Clothes in storehouse - 3000 Cash on hand - 3000 Bank account- 5000 10. Equity capital - 20 000 Retained profits brought forward previous year- 2000 Accounts payable to suppliers and contractors - 25.000 Payable Value added tax-18 000 You have to open T-accounts for all positions, record all business transactions in October. - You have to prepare turnover of accounts. No The content of business transactions 1.3) Purchased goods on post pay conditions ice with VAT21% Goods value without VAT VAT 21% 12) 7 7500 Purchased materials from no VAT payer amount without VAT) 2) Revenues from sales main, with VAT 18150 . Revenues in cash on hand till cady without VAT VAT 21% Purchaser paid debt in bank account 25 000 4) Payment to supplier for delivery 15000 5) October Inventories results registered in accounts, ER 5.1) fabrics-2500 52) clothes in shop-7545 53) clothes in storehouse-2800 54) unfinished onders-0 61 You have to close operational accounts, calculate the of the period, panctions report AL