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Name the beginning balance sheet and journal transactions created below with the abbreviation of your own name and surname, and complete the missing amount information

  1. Name the beginning balance sheet and journal transactions created below with the abbreviation of your own name and surname, and complete the missing amount information like the applications made in the lesson. Make sure that the amounts you give are not the same as the amounts of your other friends. (20 P)

  1. Information about assets and resources of CO for January 2017 is given below. Prepare the Beginning Balance Sheet (30 P)

Account

Amount

Cash on hand

Cash in Banks

Short Term Trade Receivables (not written)

Short Term Trade Receivables (written)

Commercial Good in Stocks

Buildings

Vehicles

Furnitures

Short Term Trade Payables (not written)

Short Term Trade Payables (written)

Long Term Trade Payables (written)

  1. Record the General Journal Entries and post the entries to General Ledger depends on the information below: (50 P)
  • 07.01.2017 Purchased commercial goods costing TL. Half of the payment was paid cash, TL was paid by cheques and promised to pay the remaining amount in 3 months (tax excluded)..
  • 13.01.2017 Sold goods pricing .. TL. They paid . TL cash, TL Cheques and promised to pay the remaining amount in 2 months (tax included).
  • 21.01.2017 Company paid .. TL cash for short term trade payables(not written).
  • 25.01.2017 Company collected . TL payment from customers (S.T.L.)
  • 26.01.2017 A customer ordered goods costing TL. TL was paid in advance. The goods ordered are delivered to the firm 1 days later(tax excluded). Promised to pay the remaining amount in 1 month.
  • 27.01.2017 Ordered a vehicle costing TL. . TL was paid in advance. The vehicle ordered is delivered to the firm 1 day later(tax excluded). Promised to pay the remaining amount in 24 months as equal installments. Payday of installments is 17. of every month.

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