INTERMEDIATE ACCOUNTING I CT REQUIREMENT wing beginning balances are given for ATB Company at 01.01.2020. Account Name Cash Banks Checks Accounts Receivable Notes Receivable Allowance for Uncollectible Accounts Inventory Prepaid Expenses - Rent Accounts Payable Notes Payable Dividends Tax payable Bank Loan Bonds Issued Buildings Furniture and fixture Accumulated Depreciation - Buildings Capital Stock Unearned Revenue Retained Earnings Amount (TL) 83.600 19.000 43.000 56.000 67.400 16.000 10.000 50.400 135.000 152.600 26.000 10.000 228.000 230.000 10.000 250.000 30.000 537.000 110.000 10.000 Required: 1. Prepare the initial trial balance at 01.01.2020. Propose a value for the accounts with a missing balance (marked with red) and/or add more accounts in order to make sure that the main accounting equation and the rule of totals for trial balance are applied. 2. Propose and journalize 10 business transactions for the company for the period 01.01.2020-31.01.2020. Indicate the transactions as a text/description and then record them into the journal and T-accounts. 3. Prepare the unadjusted trial balance at 31.01.2020. 4. Propose and journalize 10 adjusting entries for the company appropriate at 31.01.2020. Indicate the transactions as a text/description and then record them into the journal and T- accounts. 5. Prepare the adjusted trial balance at 31.01.2020. 6. Journalize the closing entries and make the necessary updates in the T-accounts. 7. Prepare the post-closing trial balance. 8. Prepare the statement of financial position at 31.01.2020. Use IFRS terminology and mandatory line items. 9. Prepare the income statement for the period 01.01.2020 - 31.01.2020. Use IFRS terminology and mandatory line items. 10. Prepare the cash-flow statement for the period 01.01.2010 - 31.01.2020, according to direct method. 11. Prepare the cash-flow statement for the period 01.01.2020 - 31.01.2020, according to indirect method. INTERMEDIATE ACCOUNTING I CT REQUIREMENT wing beginning balances are given for ATB Company at 01.01.2020. Account Name Cash Banks Checks Accounts Receivable Notes Receivable Allowance for Uncollectible Accounts Inventory Prepaid Expenses - Rent Accounts Payable Notes Payable Dividends Tax payable Bank Loan Bonds Issued Buildings Furniture and fixture Accumulated Depreciation - Buildings Capital Stock Unearned Revenue Retained Earnings Amount (TL) 83.600 19.000 43.000 56.000 67.400 16.000 10.000 50.400 135.000 152.600 26.000 10.000 228.000 230.000 10.000 250.000 30.000 537.000 110.000 10.000 Required: 1. Prepare the initial trial balance at 01.01.2020. Propose a value for the accounts with a missing balance (marked with red) and/or add more accounts in order to make sure that the main accounting equation and the rule of totals for trial balance are applied. 2. Propose and journalize 10 business transactions for the company for the period 01.01.2020-31.01.2020. Indicate the transactions as a text/description and then record them into the journal and T-accounts. 3. Prepare the unadjusted trial balance at 31.01.2020. 4. Propose and journalize 10 adjusting entries for the company appropriate at 31.01.2020. Indicate the transactions as a text/description and then record them into the journal and T- accounts. 5. Prepare the adjusted trial balance at 31.01.2020. 6. Journalize the closing entries and make the necessary updates in the T-accounts. 7. Prepare the post-closing trial balance. 8. Prepare the statement of financial position at 31.01.2020. Use IFRS terminology and mandatory line items. 9. Prepare the income statement for the period 01.01.2020 - 31.01.2020. Use IFRS terminology and mandatory line items. 10. Prepare the cash-flow statement for the period 01.01.2010 - 31.01.2020, according to direct method. 11. Prepare the cash-flow statement for the period 01.01.2020 - 31.01.2020, according to indirect method
