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In: Accounting

The following beginning balances are given for ATB Company at 01.01.2020. Account Name Amount (TL) Cash...

The following beginning balances are given for ATB Company at 01.01.2020.

Account Name

Amount (TL)

Cash

83.600

Banks

19.000

Checks

43.000

Accounts Receivable

56.000

Notes Receivable

67.400

Allowance for Uncollectible Accounts

16.000

Inventory

750.000

Prepaid Expenses - Rent

50.400

Accounts Payable

135.000

Notes Payable

152.600

Dividends

26.000

Tax payable

71.800

Bank Loan

228.000

Bonds Issued

230.000

Buildings

675.000

Furniture and fixture

250.000

Accumulated Depreciation - Buildings

30.000

Capital Stock

537.000

Unearned Revenue

110.000

Retained Earnings

510.000
  1. Propose and journalize 10 business transactions for the company for the period 01.01.2020-31.01.2020. Indicate the transactions as a text/description and then record them into the journal and T-accounts.

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ekkarill92 answered 1 year ago
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