The company has 100 stocks with a cost of 19,243 units. The enterprise uses the continuous counting system and the FIFO (First In First Out) method.

i) 500 stocks were purchased on 01/10/2020 at a unit cost of $ 19,298. Cost of goods and VAT will be paid in one month.

ii) 50 of the goods purchased on 02/10/2020 were returned to the seller as they were defective.

iii) In the counting made on 15/10/2020, it was understood that the cash balance was $ 4,270 less than the cash account balance.

iv) iv) On 23/10/2020, 500 goods were sold with a 40% profit, and purchased in advance for the cost of goods and VAT.

v) 590 + VAT transportation fee has been paid for the goods sold one day before on 24/10/2020.

vi) On 28/10/2020, the bill with a nominal value of 24,700 was discounted to Bank A for 24,000.

vii) On 30/10/2020, the news that one of the buyers had gone bankrupt was received, and it was decided to set aside for all the receivables with a nominal value of 29,700 previously received from the buyer.

viii) The payment was made on 31/10/2020 for the goods purchased on 01/10/2020.

ix) On 01/11/2020, "passenger" auto was purchased for 192,000 + 10% VAT, payment was made from the cash register. All expenses related to vehicle acquisition will be capitalized.

x) The fixture with a gross value of 24,300 and accumulated depreciation of 13,000 on 12/11/2020 was sold to be replaced with a new one for 15,760 + VAT.

xi) 1,930 interest has been charged to the deposit in the bank on 20/11/2020, the remaining amount after 15% withholding has been entered into the account.

xii) On 13/12/2020, it was understood that the bill of receivables for which provision was allocated on 04/10/2017 cannot be collected.

xiii) On 24/12/2020, the rate was $ 8.27 / and 12,600 was purchased.

Term End Transactions:

a) VAT accounts have been closed.

b) The reason for the lack of cash was not found. The business collects the deficiencies from the cashier and records the surplus as revenue.

c) At the end of the period, exchange rates are 8.39.

d) Rediscount at the rate of 10% of the notes receivable and 6% of the debt securities has been calculated.

e) 2% depreciation will be reserved for buildings, 10% for other tangible fixed assets, and 20% for intangible assets.

Required:

A) Record the balance sheet in the journal and general ledger.

B) Account the transactions during the period.

C) Take out the general temporary balance.

D) Close VAT accounts.

E) Recognize period-end transactions.

F) Close the cost and income statement accounts.

G) Take out the General Final Trial Balance.

H) What is the company's total debts, equity, net sales, gross sales profit / loss, operating profit / loss, ordinary profit / loss and net profit / loss?

** 10% VAT RATE WILL BE CHARGED IN ALL TRANSACTIONS REQUIRING VAT. 1. The total assets of XYZ Trade Enterprise's balance sheet dated 30/09/2020 is "19,243,000. The balance sheet of the business is below: XYZ TRADE ADMINISTRATION BALANCE SHEET DATED 30/09/2020 (m) ACTIVE PASSIVE % % 100 CASE 11 320 SELLERS 15 102 BANKS 6 321 9 BORROWINGS TAXES AND FUNDS PAYABLE 120 BUYERS 8 360 4 121 RECEIVABLES 5 421 BORROWINGS 17 153 COMMERCIAL GOODS 10 500 CAPITAL 50 250 21 570 PAST YEARS PROFITS 5 LANDS BUILDINGS 252 32 254 18 255 5 5 VEHICLES FIXTURES ACCUMULATED DEPOSITS (-) RIGHTS 257 -20 260 7 268 ACCUMULATED DEPOSITS (-) -3 ACTIVE TOTAL 19,243.000 PASSIVE TOTAL 19,243.000 ** 10% VAT RATE WILL BE CHARGED IN ALL TRANSACTIONS REQUIRING VAT. 1. The total assets of XYZ Trade Enterprise's balance sheet dated 30/09/2020 is "19,243,000. The balance sheet of the business is below: XYZ TRADE ADMINISTRATION BALANCE SHEET DATED 30/09/2020 (m) ACTIVE PASSIVE % % 100 CASE 11 320 SELLERS 15 102 BANKS 6 321 9 BORROWINGS TAXES AND FUNDS PAYABLE 120 BUYERS 8 360 4 121 RECEIVABLES 5 421 BORROWINGS 17 153 COMMERCIAL GOODS 10 500 CAPITAL 50 250 21 570 PAST YEARS PROFITS 5 LANDS BUILDINGS 252 32 254 18 255 5 5 VEHICLES FIXTURES ACCUMULATED DEPOSITS (-) RIGHTS 257 -20 260 7 268 ACCUMULATED DEPOSITS (-) -3 ACTIVE TOTAL 19,243.000 PASSIVE TOTAL 19,243.000