Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The firm purchased 100,000 TL of commercial goods including VAT, In return, firm gave 50.000 TL in cash and 20.000 TL in check, and promissed

image text in transcribed
The firm purchased 100,000 TL of commercial goods including VAT, In return, firm gave 50.000 TL in cash and 20.000 TL in check, and promissed to pay the remaining within 5 months. How do accounts change in the journal entry of this transaction? A. 153 391.. 100 - 103,320 B. 153 191.100.103 320 C. 153 +, 191, 100, 103+, 120 D 600 - 391, 100, 101, 120. E 152, 191, 102, 103. 120. The firm purchased 100,000 TL of commercial goods including VAT, In return, firm gave 50.000 TL in cash and 20.000 TL in check, and promissed to pay the remaining within 5 months. How do accounts change in the journal entry of this transaction? A. 153 391.. 100 - 103,320 B. 153 191.100.103 320 C. 153 +, 191, 100, 103+, 120 D 600 - 391, 100, 101, 120. E 152, 191, 102, 103. 120

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

New Perspectives In Accounting Ethics

Authors: Emerald Group Publishing Limited

23rd Edition

1785608673, 9781785608674

More Books

Students also viewed these Accounting questions

Question

Design an 8-to-1 multiplexer.

Answered: 1 week ago