Kalamar Limited, founded in September 1975, is a Turkish limited liability company (GmbH) based in Izmir, Turkey. It deals with the production and sale of seafood and has 200 employees. Below are the opening balance sheet and some business transactions from this company for the January 2015 accounting period. Kalamar Limited irketi Balance as of January 1, 2015 Currency: EUR ("unless otherwise stated")

assets Current assets 42,000,000 cashbox 30,000 Checks received 25,000,000 Banks 3,000,000 Requests from deliveries and services 820,000 Change of ownership 150,000 raw materials 3,000,000 Merchandise 10,000,000 Capital assets 68,380,000 building 15,000,000 Machinery and equipment 50,000,000 Fleet 3,000,000 Factory and office equipment 500,000 Allowance for material AV (-) (120,000) Total assets 110,380,000 liabilities short-term borrowed capital 30,150,000 Bank loans 20,000,000 liabilities from goods and services 10,000,000 Personnel liabilities 30,000 Liabilities to the tax office 120,000 Long-term liabilities 20,000,000 Bank loans 20,000,000 Equity 60,230,000 capital 10,000,000 Retained earnings 230,000 Profit carried forward 50,000,000 Total liabilities 110,380,000

Business transactions: 1. A liability was settled by check, EUR 200,000. 2. A claim was collected by bank transfer, EUR 250,000. 3. Merchandise was exported to Europe on target, 1,500,000 EUR (no VAT). 4. Electricity bill paid by bank transfer, EUR 30,000 + VAT (18%). 5. Salaries were calculated and paid by bank transfer, EUR 1,000,000. 6. Purchase of merchandise on target, 200,000 EUR + VAT (18%). 7. An invoice for cleaning the factory was received, 25,000 EUR + VAT (18%). 8. The depreciation for the vehicle fleet, the machines and the operating and office equipment is to be calculated and booked linearly on a monthly basis (see notes below). 9. The use of merchandise is to be calculated and booked (see comments below).

Your tasks: 1. Make the opening booking. 2. Post all business transactions in the land register. 3. Transfer all postings from the land register to the general ledger (T accounts). 4. Create the temporary completion table (I). 5. If necessary, close the input tax and value added tax accounts. 6. Close the income and expense accounts to the "690 profit for the period - loss" account. Make the bookings in the land and general ledger. 7. Transfer the period result from the profit account (690) to the balance sheet [590 period profit or 591 period loss (-)] 8. Create the absolute final table (II). 9. Prepare the balance sheet as of January 31, 2015 (the final balance sheet). 10.Perform a key figure analysis for the final balance sheet with the following key figures (first determine the key figures and then briefly interpret the numbers): a. 1st degree liquidity b. 2nd degree liquidity c. 3rd degree liquidity

Remarks: 1. The company has chosen the key date inventory method. The monthly use of merchandise is EUR 400,000. 2. The useful life for the vehicle fleet, the machines and the operating and office equipment are as follows: capital Useful life (years) Fleet 5

machinery 5

Factory and office equipment 10th