Solving in journal and ledger. APP_3: The information about GZ...
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Accounting
Solving in journal and ledger.
APP_3: The information about GZ Co. transactions in January of 2021. Please record those transactions in journal and ledger. Date Transaction Jan 4 Purchased commercial goods costing 25.000 TL. Half of the payment was paid by notes payable(10 months), 7.000 TL was paid by cheques and promised to pay the remaining amount in 3 months (tax excluded). PURCHASE: (153+,191+,321+,103+,320+) Jan 5 Sold goods pricing 60.000TL (tax excluded). They paid 18,000 TL cash, 22.000TL Cheques and promised to pay the remaining amount in 2 months. SALE: (600+, 391+,100+,101+,120+) Jan 7 A customer ordered goods costing 30.000 TL. 13.000 TL was paid in advance. The goods ordered are delivered to the firm 1 day later(tax included). Promised to pay the remaining amount in 1 month. ADVANCE: (100+,340+), SALE: (600+,391+,340,120+) Jan GZ. Co. ordered goods costing 28.000 TL. 11.000 TL was paid in advance. The goods 10 ordered are purchased 1 day later(tax included). 6.000 TL bill payable ( 5 month) was given and promised to pay the remaining amount in 1 month
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