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Question Akdemir Company is engaged in producing and sales of industrial machinery. The following transactions occured during 2014 for the company. 2014 3 Feb Purchased

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Question Akdemir Company is engaged in producing and sales of industrial machinery. The following transactions occured during 2014 for the company. 2014 3 Feb Purchased equipment for 10.200,- TL(including VAT 1896).si ning a 6- month 9% amual interest note payable 28 Feb Recorded the week's sales of $1.000,- TL(excluding VAT).one-third for cash and two-thirds on credit. All sales amounts are subject to VAT # 18%. 26 Marea Filed the VAT return to the tax Office, and if necessary paid required amount. 30 April Borrowed 100.000,-TL. in bank loans maturing in four years, bearin 9% annun interes.Loan agreement calls for annual installment payments of 25.000,-TL principal plus ir terest 3 Aurg Paid the 6-month 9% note at maturity. 14 Sep issued a discounted 6.000,-TL, 60-day 7% note to the bank receiving cash for the netumount after interest was deducted from the note's maturity value 13 1 Nov Recorded interest on the 7% discounted note and paid off the note at maturity. 30 Nov Purchased inventory at a cost of 7.200,-TL (including 18% VAT).sig sing a three- month 9% annual interest note payable for that amount. 31 ec Accrued Warranty expense, which is estimated at 3% of sales of 260.400,-TL 31 Doc Accrued interest on all outstanding interest bearing linbilities. 31 Dee Reclassified the current portion of a long-term loan. Required: Record the transactions in the general journal

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