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MAKE THE NECESSARY JOURNAL ENTRIES FOR THE FOLLOWING TRANSACTIONS... 6.A Land is acquired for 3 850 000 TL and a check is issued, and the
MAKE THE NECESSARY JOURNAL ENTRIES FOR THE FOLLOWING TRANSACTIONS...
6.A Land is acquired for 3 850 000 TL and a check is issued, and the cost of demolishing the old house on the ground is 300 000 TL + 10% VAT on account. The contractor has started construction and the first year completion invoice is TL 1 900 000 + VAT 10%, half check and half note is issued. The invoice for the next year is TL 1 350 000 + 10% VAT. Half cash, half check endorsed ... And a temporary acceptance for the building
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