MAKE THE NECCESSARY JOURNAL ENTRIES FOR THE FOLLOWING TRANSACTIONS 10) Order is delivered to customer .Customer closed the balance by issuing half check , half on account. .Cost of Goods Sold is 116.000 TL. 11. 15.000 USD is paid by the customer for USD Merchandise Sale. Rate is 7.10 TL/USD 12) Customer returned 26.000 TL + 10% VAT merchandise . Cost of Goods Sold is 8.400 TL. Check is issued for returned merchandise and TL cash is paid for VAT. 13 ) At the end of the month USD Rate is 6,95 TL/ USD . 14) Order is given to vendor , for purchasing 160.000 TL + %10 VAT . issued a check for 90.000 TL as an advance payment . 15) Order is received and balance is on account. Freight in paid 9.500 TL + %10 VAT .
MAKE THE NECCESSARY JOURNAL ENTRIES FOR THE FOLLOWING TRANSACTIONS 10) Order is delivered to customer .Customer closed the balance by issuing half check , half on account. .Cost of Goods Sold is 116.000 TL. 11. 15.000 USD is paid by the customer for USD Merchandise Sale. Rate is 7.10 TL/USD 12) Customer returned 26.000 TL + 10% VAT merchandise . Cost of Goods Sold is 8.400 TL. Check is issued for returned merchandise and TL cash is paid for VAT. 13 ) At the end of the month USD Rate is 6,95 TL/ USD . 14) Order is given to vendor , for purchasing 160.000 TL + %10 VAT . issued a check for 90.000 TL as an advance payment . 15) Order is received and balance is on account. Freight in paid 9.500 TL + %10 VAT .
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
MAKE THE NECCESSARY
TRANSACTIONS
10) Order is delivered to customer .Customer closed the balance by
issuing half check , half on account. .Cost of Goods Sold is 116.000 TL.
11. 15.000 USD is paid by the customer for USD Merchandise Sale. Rate
is 7.10 TL/USD
12) Customer returned 26.000 TL + 10% VAT merchandise . Cost of
Goods Sold is 8.400 TL. Check is issued for returned merchandise and TL cash is
paid for VAT.
13 ) At the end of the month USD Rate is 6,95 TL/ USD .
14) Order is given to vendor , for purchasing 160.000 TL + %10 VAT .
issued a check for 90.000 TL as an advance payment .
15) Order is received and balance is on account. Freight in paid
9.500 TL + %10 VAT .
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