On July 12, The business sold 1.200 shares of ABC Holding at a price of 2,25 TL each (unit purchase price was 2,50 TL), 50 TL commission was charged for the transaction and the receipts were deposited to the bank account of the business. a. 2.950 TL debit to 102-Banks; 50 TL debit to 653-Com. Expense; 300 TL debit to 655 MS Cap. Loss and 3.300 credit to 110-Stocks O b. 2.650 TL debit to 102-Banks; 50 TL debit to 653-Com. Expense; 300 TL dedit to 655 MS Cap. Loss and 3.000 credit to 110-Stocks O c. 2.950 TL debit to 102-Banks; 50 TL debit to 653-Com. Expense and 2.700 credit to 110- Stocks; 300 TL credit to 655 MS Cap. Loss; O d. 2.650 TL debit to 102-Banks; 50 TL debit to 653-Com. Expense; 300 TL debit to 645 MS Cap. Gain and 3.000 credit to 110-Stocks

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question
2
On July 12, The business sold 1.200 shares of ABC Holding at a price of 2,25 TL each (unit
purchase price was 2,50 TL), 50 TL commission was charged for the transaction and the receipts
were deposited to the bank account of the business.
a. 2.950 TL debit to 102-Banks; 50 TL debit to 653-Com. Expense; 300 TL debit to 655 MS Cap.
Loss and 3.300 credit to 110-Stocks
O b. 2.650 TL debit to 102-Banks; 50 TL debit to 653-Com. Expense; 300 TL dedit to 655 MS Cap.
Loss and 3.000 credit to 110-Stocks
C. 2.950 TL debit to 102-Banks; 50 TL debit to 653-Com. Expense and 2.700 credit to 110-
Stocks; 300 TL credit to 655 MS Cap. Loss;
O d. 2.650 TL debit to 102-Banks; 50 TL debit to 653-Com. Expense; 300 TL debit to 645 MS Cap.
Gain and 3.000 credit to 110-Stocks
Transcribed Image Text:2 On July 12, The business sold 1.200 shares of ABC Holding at a price of 2,25 TL each (unit purchase price was 2,50 TL), 50 TL commission was charged for the transaction and the receipts were deposited to the bank account of the business. a. 2.950 TL debit to 102-Banks; 50 TL debit to 653-Com. Expense; 300 TL debit to 655 MS Cap. Loss and 3.300 credit to 110-Stocks O b. 2.650 TL debit to 102-Banks; 50 TL debit to 653-Com. Expense; 300 TL dedit to 655 MS Cap. Loss and 3.000 credit to 110-Stocks C. 2.950 TL debit to 102-Banks; 50 TL debit to 653-Com. Expense and 2.700 credit to 110- Stocks; 300 TL credit to 655 MS Cap. Loss; O d. 2.650 TL debit to 102-Banks; 50 TL debit to 653-Com. Expense; 300 TL debit to 645 MS Cap. Gain and 3.000 credit to 110-Stocks
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Consolidations
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education