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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 | 71.800 |
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 | 510.000 |
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- Prepare the post-closing trial balance.
- Prepare the statement of financial position at 31.01.2020. Use IFRS terminology and mandatory line items.
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