The following initial stocks are given. advance payments 260.000 TL Bankkredit 480.000 TL Checkout 350.000 TL Debt 480.000 TL operating equipment 250.000 TL demand 260.000 TL cheques received 30.000 TL energy expenditure 200.000 TL loans (long-term) 350.000 TL Bank 520.000 TL other income 18.000 TL building 300.000 TL raw materials 280.000 TL merchandise 350.000 TL other expenditures" 40.000 TL equity ?? In addition to the accounts given above, the following accounts must be kept: Interest expenses, interest income, telephone, cleaning, commission income. Business transactions: 1. A customer pays an invoice in cash, 55.000 TL 2. A claim is offset against a liability, 40.000 TL 3. Outgoing invoice for a commission transaction, 140,000 TL (net) (Get commission income on target) 4. Bank transfer for telephone charges, 65.000 TL, (net) 5. Bank interest direct debit for bank loans, 150.000 TL 6. Conversion of a liability into a bank loan. 90.000 TL 7 Interest credit from the bank, 75.000 TL B. Pepayment of a bank lopn by bank transfer 25,000 TL 9. Purchase of merchandise on target, 220.000 TL Inet In addition to the accounts given above, the following accounts must be kept: Interest expenses, interest income, telephone, cleaning, commission Income. Business transactions: 1. A customer pays an invoice in cash, 55,000 TL 2. A claim is offset against a liability, 40,000 TL, 3. Outgoing invoice for a commission transaction, 140,000 TL (net) (Get commission income on target) 4. Bank transfer for telephone charges, 65,000 TL, (net) 5. Bank interest direct debit for bank loans, 150,000 TL, 6. Conversion of a liability into a bank loan, 90,000 TL 7. Interest credit from the bank, 75,000 TL, 8. Repayment of a bank loan by bank transfer, 25,000 TL 9. Purchase of merchandise on target, 220,000 TL (net) 10. Cash for office cleaning, 85,000 TL, (net) tasks A. Prepare the opening balance sheet. B. Make the opening postings. C. Post the business transactions with VAT and input tax (please make sure that the tax rate is 18%). D. Transfer all postings from the land register (daily book) to the general ledger (T account) E. Close the inventory accounts (VAT and input tax accounts) F. Close the success accounts in the land register via the profit and loss account. * Please make sure that they should never be taken into account when closing the G and L account. G. Prepare the closing balance. Do you show the P&L account on the balance sheet? Remarks - Please read the questions and transactions carefully, - All expenses and income should not be included in the P&L calculation be taken into account. And all amounts are net - The correct and proper answer to the questions will get the positive evaluation. The following initial stocks are given. advance payments 260.000 TL Bankkredit 480.000 TL Checkout 350.000 TL Debt 480.000 TL operating equipment 250.000 TL demand 260.000 TL cheques received 30.000 TL energy expenditure 200.000 TL loans (long-term) 350.000 TL Bank 520.000 TL other income 18.000 TL building 300.000 TL raw materials 280.000 TL merchandise 350.000 TL other expenditures" 40.000 TL equity ?? In addition to the accounts given above, the following accounts must be kept: Interest expenses, interest income, telephone, cleaning, commission income. Business transactions: 1. A customer pays an invoice in cash, 55.000 TL 2. A claim is offset against a liability, 40.000 TL 3. Outgoing invoice for a commission transaction, 140,000 TL (net) (Get commission income on target) 4. Bank transfer for telephone charges, 65.000 TL, (net) 5. Bank interest direct debit for bank loans, 150.000 TL 6. Conversion of a liability into a bank loan. 90.000 TL 7 Interest credit from the bank, 75.000 TL B. Pepayment of a bank lopn by bank transfer 25,000 TL 9. Purchase of merchandise on target, 220.000 TL Inet In addition to the accounts given above, the following accounts must be kept: Interest expenses, interest income, telephone, cleaning, commission Income. Business transactions: 1. A customer pays an invoice in cash, 55,000 TL 2. A claim is offset against a liability, 40,000 TL, 3. Outgoing invoice for a commission transaction, 140,000 TL (net) (Get commission income on target) 4. Bank transfer for telephone charges, 65,000 TL, (net) 5. Bank interest direct debit for bank loans, 150,000 TL, 6. Conversion of a liability into a bank loan, 90,000 TL 7. Interest credit from the bank, 75,000 TL, 8. Repayment of a bank loan by bank transfer, 25,000 TL 9. Purchase of merchandise on target, 220,000 TL (net) 10. Cash for office cleaning, 85,000 TL, (net) tasks A. Prepare the opening balance sheet. B. Make the opening postings. C. Post the business transactions with VAT and input tax (please make sure that the tax rate is 18%). D. Transfer all postings from the land register (daily book) to the general ledger (T account) E. Close the inventory accounts (VAT and input tax accounts) F. Close the success accounts in the land register via the profit and loss account. * Please make sure that they should never be taken into account when closing the G and L account. G. Prepare the closing balance. Do you show the P&L account on the balance sheet? Remarks - Please read the questions and transactions carefully, - All expenses and income should not be included in the P&L calculation be taken into account. And all amounts are net - The correct and proper answer to the questions will get the positive evaluation
