is a merchandising company selling OFFICEA) ARTEK CO.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 90.00OTL,Note Payable 60.000TL , Merchandise 130.000TL ,AccountReceivable 75.000TL, Capital ?TL.B) In January 2019 ARTEK CO. Made The following businesstrancactions.1)Merchandise purchased for 135.000TL + %10 VAT and noteendorsed for purchase. 8.00OTL+%10 VAT Freight in is paid bysigning (issuing) check.2) Mercha ndise sold for 160.000TL, on account + VAT %10.Customer is sued a check Cost of goods sold is 86.000TL3)78.000 TL payment of Note transferred by the customerto the Bank, to close the open account.

Name: is a merchandising company selling OFFICEA) ARTEK CO.SUPPLIES,Company
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Description: is a merchandising company selling OFFICEA) ARTEK CO.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 90.00OTL,Note Payable 60.000TL , Merchandise 130.0

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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 90.00OTL, Note Payable 60.000TL , Merchandise 130.000TL ,Account Receivable 75.000TL, Capital ?TL.

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 90.00OTL, Note Payable 60.000TL , Merchandise 130.000TL ,Account Receivable 75.000TL, Capital ?TL.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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