Journal transactions 5) Land is purchased for 1.395.000 TL + 10% VAT from Real Estate Company. Half check and half note is issued for the purchase invoice . Real Estate commisson Expense is 40.000 +%10 VAT is on account . Property Tax 12.000 TL is paid cash .

Journal transactions 5) Land is purchased for 1.395.000 TL + 10% VAT from Real Estate Company. Half check and half note is issued for the purchase invoice . Real Estate commisson Expense is 40.000 +%10 VAT is on account . Property Tax 12.000 TL is paid cash .

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter11: Long-term Assets

Section: Chapter Questions

Problem 5EA: Steele Corp. purchases equipment for $25,000. Regarding the purchase, Steele recorded the following...

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Journal transactions

5) Land is purchased for 1.395.000 TL + 10% VAT from Real Estate Company. Half check and half note is issued for the purchase invoice . Real Estate commisson Expense is 40.000 +%10 VAT is on account . Property Tax 12.000 TL is paid cash .

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