8-Our business paid 48.000 TL from the bank for the store it rented for two years on 01.07.2020 . (The entity prepares its financial statements on a monthly basis.) Accordingly, in which account, how and in what amount is the rental expense for July 2020 recognized? a)180 Expenses for Future Months Hs. 10,000 TL Borrowed B)280 Expenses for Future Years Hs. 36,000 TL Debtor NS)760 Marketing Sales and Distribution Expenses 2.000 TL Debtor D)102 Banks Hs. 48,000 TL Creditor TO)760 Marketing Sales and Distribution Expenses 2.000 TL Creditor

Journal Entry Date Particulars L.F. Debit Credit 2020 01 July Prepaid Marketing…

Answered: Our business paid 48.000 TL from the…

Individual Income Taxes

43rd Edition

ISBN:9780357109731

Author:Hoffman

Publisher:Hoffman

Chapter20: Corporations And Partnerships

Section: Chapter Questions

Problem 14DQ

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Our business paid 48.000 TL from the bank for the store it rented for two years on 01.07.2020 . (The entity prepares its financial statements on a monthly basis.) Accordingly, in which account, how and in what amount is the rental expense for July 2020 recognized?

a)	180 Expenses for Future Months Hs. 10,000 TL Borrowed

B)	280 Expenses for Future Years Hs. 36,000 TL Debtor

NS)	760 Marketing Sales and Distribution Expenses 2.000 TL Debtor

D)	102 Banks Hs. 48,000 TL Creditor

TO)	760 Marketing Sales and Distribution Expenses 2.000 TL Creditor

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