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The business transactions that our company has made for 1 month since August are: 1) On August 1, 2018, we started our company with an

The business transactions that our company has made for 1 month since August are:

1) On August 1, 2018, we started our company with an investment of 150,000 TL.

2) On August 1, 2018, we borrowed 50,000 TL from the bank.

3) On August 4, 2018, we bought office supplies for 7,200 TL in cash to our company.

4) On August 7, 2018, we provided a consultancy service of 30,000 TL to the client, but we did not receive the money yet.

5) On August 10, 2018, we agreed with an advertising and public relations agency for 4,800 TL to introduce our company and our work to more people, but we will pay within 6 weeks, not now.

6) On August 13, 2018, we bought 10,000 TL of equipments in cash, all have 3 years useful life, we will use straight line depreciation.

7) On August 15, 2018, 12,000 TL salary paid to employees.

8) On August 17, 2018, a customer paid 70,000 TL in advance for a shipment to be made on 8 September, 2018.

9) On August 18, 2018, we paid to supplier 13,000 TL in cash.

10) On August 20, 2018, our previous advertisement worked very well even though it was a short time passed, so this time we agreed with another agency and advertised on the internet for 4.000 TL, we paid it in cash.

11) On August 21, 2018, we received 200,000 TL in cash for provided consultancy services to a company.

12) On August 23, 2018, we bought automobiles in cash for 25,000 TL, all have 5 years useful life, we will use straight line depreciation.

13) On August 26, 2018, we provided brokerage service to another customer from Istanbul, we agreed for 37.000 TL for this service, but the customer will make the payment in 1 week later.

14) On August 29, 2018, we wanted to take advantage of a business opportunity and invested in this business, we will pay 20,000 TL in 2 months, not now.

15) On August 30, 2018, at the end of the month, 2.500 TL of office rent, 2.000 TL of office bills and 12.000 TL, which is the continuation of half of the salary paid to employees on 15 August 2018, was paid in cash.

Calculate the profit/loss of the business for the year and prepare the income statement.

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