(YEARS OF NEW CONSTRUCTION WORKS) Yaman Construction Company has received the tender for the construction of a shopping center. Undertaken in 2018

the cost of this work is 900.000 TL and initially the cost is 750.000 TL. Information about the three-year construction is as follows.

2018 2019 2020

Annual Actual Cost 240,000 TL 435,000 TL 75,000 TL

Cumulative Cost Realized 240,000 TL 675.000 TL 750,000 TL

Remaining Estimated Completion Cost 360,000 TL 75,000 -

Issued Rights Invoices 120,000 TL 350,000 TL 430,000 TL

Amount collected 105.500 TL 347,000 TL 340,000 TL

Requested:

a) The rate at which the daily ledger (general) records to be made in 2019 are completed in relation to the construction in question

according to the method. Organize the relevant sections of the Profit or Loss Statement and the Balance Sheet.

b) Cost recovery of logbook (general) records to be made in 2019 in relation to the construction in question

according to the method. Organize the relevant sections of the Profit or Loss Statement and the Balance Sheet.

c) Make the journal ledger (general) records to be made in 2019 according to the completed commitment method. 2019

prepare the Profit or Loss Statement for the year and the Balance Sheets dated 31.12.2019.