b.

            (1)

                  3,000 * 0.18 = 540 TL VAT

	Debit	Credit
Materials inventory	3,000
VAT deductible	540
Cash		3,540

 

            (2)    

 

	Detail	Debit	Credit
770 General administrative expenses		1,800
- Materials costs	1,800
Materials Inventory			1,800

 

      Use of office supplies is 770 general administrative expenses.

     c.  

	Detail	Debit	Credit
770 General administrative expenses		2,500
- Outsourced services         - Communication expenses	2,500 2,500
Prepaid expenses			2,500

           

      Since it is related to the administrative offices, it is 770 general administrative expenses.

      d.  

            30,000 * 0.8 = 24,000 TL

            30,000 * 0.2 = 6,000 TL

     

	Detail	Debit	Credit
740 Service cost		24,000
770 General administrative expenses		6,000
- Outsourced services         - Utility expenses	30,000 30,000
Bank accounts			30,000

 

      Since 80 % of the building is used to provide medical service, 30,000 * 0.8 = 24,000 TL is related to providing service and 740 service cost. Since 20 % of the building is used for administrative functions, 30,000 * 0.2 = 6,000 TL is 770 general administrative expenses.

    e.  

	Detail	Debit	Credit
770 General administrative expenses		20,000
- Miscellaneous expenses         - Legal expenses	20,000 20,000
Bank accounts			20,000

 

Court expenses are general expenses, so they are 770 general administrative expenses.

 

    f.   

	Detail	Debit	Credit
770 General administrative expenses		1,500
- Taxes and duties	1,500
Cash			1,500

 

      Since the sign tax is related to the administrative offices, it is 770 general administrative expenses.

      g.

            10,000 * 0.18 = 1,800 TL VAT          

 

	Detail	Debit	Credit
760 Selling, marketing, and delivery expenses		10,000
VAT deductible		1,800
- Miscellaneous expenses         - Advertising and promotion expenses	10,000 10,000
Bank accounts			11,800

 

Since the expense is related to advertisement, it is 760 selling, marketing, and delivery expenses.

    h.  

            18,000 * 0.18 = 3,240 TL VAT

 

	Detail	Debit	Credit
740 Service cost		18,000
VAT deductible		3,240
- Outsourced services         - Repair and maintenance expenses	18,000 18,000
Accounts payable			21,240

 

Since the buses are used to provide transportation service, repair and maintenance expenses of the buses are 740 service cost.

 

     i.

            5,000 * 0.18 = 900 TL VAT

 

	Detail	Debit	Credit
760 Selling, marketing, and delivery expenses		5,000
VAT deductible		900
- Outsourced services         - Delivery expenses	5,000 5,000
Bank accounts			5,900

 

      Since the expense is related to delivery, it is 760 selling, marketing, and delivery expenses.

	Debit	Credit
622 Cost of service sold	180,000
631 Selling, marketing, and delivery expenses	80,000
632 General administrative expenses	50,000
741 Service cost transfer account		180,000
761 Selling, marketing, and delivery expenses transfer account		80,000
771 General administrative expenses transfer account		50,000

Social security premium employee share = 5,800 * 0.14 = 812 TL.

Unemployment insurance premium employee share = 5,800 * 0.01 = 58 TL.

Income tax base = 5,800 – 812 – 58 = 4,930 TL

Income tax = 4,930 * 0.15 = 2740 TL.

Income tax payable = 740 – 55 = 685 TL.

Stamp duty = 5,800 * 0.0075 = 44 TL

Net pay = 5,800 – 812 – 58 – 685 – 44 = 4,201 TL

Social security premium employer share = 5,800 * 0.145 = 841 TL.

Unemployment insurance premium employer share = 5,800 * 0.02 = 116 TL.

Total cost = 5,800 + 841 + 116 = 6,757 TL.

740 Service cost = Total cost (since the hostess is providing service)

Bank accounts = Net pay

Taxes payable = 685 + 44

Social security premiums payable = 812 + 58 + 841 + 116

	Debit	Credit
Allowance expenses	30,000
Allowance for doubtful accounts		30,000

	Debit	Credit
Bank accounts	30,000
Accounts receivable		30,000
Allowance for doubtful accounts	30,000
Recovery from allowance loss		30,000

	Debit	Credit
Allowance for doubtful accounts	30,000
Accounts receivable		30,000