make the journal neccessary entities for the transaction: (so the solution to the question is sequential) 1.Company
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Question:
make the journal neccessary entities for the transaction:
(so the solution to the question is sequential)
1.Company exported 28.000 USD Merchandise, Rate was 8,05 TL/USD. The account will be closed in 30 days.Cost of Goods Sold is 95.000 TL . Transportation and Custom expenses are 14.000 TL + %10 VAT. Check is endorced to pay the expenses.
2.Total Credit Sales of Current year is 270.000 TL. Past Three years average for uncollectible is estimated %3 of credit sales.
3.Export Customer Closed the account by transferring to Bank when the USD parity is 7.85 TL/USD
4. At the end of the year 64.000 TL, Customer 0pen account is proved to be doubtful.
Related Book For
Statistics for Business and Economics
ISBN: 978-0321826237
12th edition
Authors: James T. McClave, P. George Benson, Terry T Sincich
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