Question: PLEASE HELP AS FAST AS POSSIBLE THANK YOU 7) The Balance Sheet data of Sancaktepe High Tech Innovation Inc. are shown as of 31.12.2020 below.

PLEASE HELP AS FAST AS POSSIBLE THANK YOU

7) The Balance Sheet data of Sancaktepe High Tech Innovation Inc. are shown as of 31.12.2020 below. 10 points

Accounts payable: 400

Bank deposits/funds: 2.000

merchandise: 4.000

Notes payable: 800

Furniture&Fixtures: 300

Machinery&Equipment: 3.000

Notes Receivable: 1.000

Accounts receivables: 700

Buildings: 6.000

Accumulated depreciation (1.000)

Cash: 12.000

REQUIREMENT:

Using Balance sheet equation and OE formula calculate

-Owners Equity ?

-Total Assets ? Total Equities?

-Create the Balance sheet ?

MAKE THE JOURNAL ENTRIES (JOURNAL RECORDS) FOR THE TRANSACTIONS REALISED DURING THE PERIOD 5 each points

8 The business PURCHASED merchandise amounted 15.000TL in cash.

Debit Credit

9) The business received (transferred) cash amounted TL 30.000 from its own bank deposit account.

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