The following beginning balances are given for ATB Company at 01 01 2020 Account Name Amount (TL) Cash 83 600 Banks 19 000 Checks 43 000 Accounts Receivable 56 000 Notes Receivable 67 400 Allowance for Uncollectible Accounts 16 000 Inventory 750 000 Prepaid Expenses Rent 50 400 Accounts Payable 135 000 Notes Payable 152 600 Dividends 26 000 Tax payable 55 800 Bank Loan 228 000 Bonds Issued 230 000 Buildings 675 000 Furniture and fixture 250 000 Accumulated Depreciation Buildings 30 000 Capital Stock 537 000 Unearned Revenue 110 000 Retained Earnings 500 000 Required Prepare the initial trial balance at 001 2020 Propose a value for the accounts with a missing balance (marked with red) and or add more accounts in order to make sure that the main accounting equation and the rule of totals for trial balance are applied Propose and journalize 10 business transactions for the company for the period 01 01 2020 31 01 2020 Indicate the transactions as a text description and then record them into the journal and T accounts Prepare the unadjusted trial balance at 31 01 2020 Propose and journalize 10 adjusting entries for the company appropriate at 31 01 2020 Indicate the transactions as a text description and then record them into the journal and T accounts

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Posted on Sep 10, 2024

The following beginning balances are given for ATB Company at 01.01.2020. Account Name Amount (TL) Cash 83.600 Banks 19.000 Checks 43.000 Accounts Receivable 56.000 Notes

The following beginning balances are given for ATB Company at 01.01.2020.

Account Name	Amount (TL)
Cash	83.600
Banks	19.000
Checks	43.000
Accounts Receivable	56.000
Notes Receivable	67.400
Allowance for Uncollectible Accounts	16.000
Inventory	750.000
Prepaid Expenses - Rent	50.400
Accounts Payable	135.000
Notes Payable	152.600
Dividends	26.000
Tax payable	55.800
Bank Loan	228.000
Bonds Issued	230.000
Buildings	675.000
Furniture and fixture	250.000
Accumulated Depreciation - Buildings	30.000
Capital Stock	537.000
Unearned Revenue	110.000
Retained Earnings	500.000

Required:

Prepare the initial trial balance at 001.2020.

Propose a value for the accounts with a missing balance (marked with red) and/or add more accounts in order to make sure that the main accounting equation and the rule of totals for trial balance are applied.

Propose and journalize 10 business transactions for the company for the period 01.01.2020-31.01.2020. Indicate the transactions as a text/description and then record them into the journal and T-accounts.
Prepare the unadjusted trial balance at 31.01.2020.
Propose and journalize 10 adjusting entries for the company appropriate at 31.01.2020. Indicate the transactions as a text/description and then record them into the journal and T-accounts.