Question
PLEASE HELP AS FAST AS POSSIBLE THANK YOU 7) The Balance Sheet data of Sancaktepe High Tech Innovation Inc. are shown as of 31.12.2020 below.
PLEASE HELP AS FAST AS POSSIBLE THANK YOU
7) The Balance Sheet data of Sancaktepe High Tech Innovation Inc. are shown as of 31.12.2020 below. 10 points
Accounts payable: 400
Bank deposits/funds: 2.000
merchandise: 4.000
Notes payable: 800
Furniture&Fixtures: 300
Machinery&Equipment: 3.000
Notes Receivable: 1.000
Accounts receivables: 700
Buildings: 6.000
Accumulated depreciation (1.000)
Cash: 12.000
REQUIREMENT:
Using Balance sheet equation and OE formula calculate
-Owners Equity ?
-Total Assets ? Total Equities?
-Create the Balance sheet ?
MAKE THE JOURNAL ENTRIES (JOURNAL RECORDS) FOR THE TRANSACTIONS REALISED DURING THE PERIOD 5 each points
8 The business PURCHASED merchandise amounted 15.000TL in cash.
Debit Credit
9) The business received (transferred) cash amounted TL 30.000 from its own bank deposit account.
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