A) ARTEK CO. is a merchandising company selling OFFICE SUPPLIES, Company's 01.01.2019 Balance Sheet Accounts are ; Cash 45.000 TL , Account Payable 25.000 TL, Machinary 85.000TL, Bank Credit 65.000TL, Bank 90.000TL, Note Payable 60.000TL , Merchandise 130.000TL , Account Receivable 75.000TL, Capital ?TL. B) in January 2019 ARTEK CO. Made The following business trancactions. 1) Merchandise purchased for 135.000TL + %10 VAT and note endorsed for purchase. 8.000TL + %10 VAT Freight in is paid by signing (issuing) check. 2) Merchandise sold for 160.000TL, on account + VAT %10. Customer issued a check. Cost of goods sold is 86.000TL 3) 78.000 TL payment of Note transferred by the customer to the Bank, to close the open account