Unformatted text preview: f. Building was purchased last year at a cost of TL 150.000 million. The building’s useful life is estimated to be 40 years. g. On 1 May the company paid TL 3.600 million for the insurance of company premises for 12 months period. Date Account Debit Credit a. 31 December Unearned Revenues 1.875 Revenues 1.875 b. 31 December Interest Expense 6.000 Interest Payable 6.000 c. 31 December Fees Receivable 7.750 Revenues 7.750 d. 31 December Salaries Expense 22.500 Salaries Payable 22.500 e. 31 December Supplies Expense 700 Supplies 700 f. 31 December Depreciation Expense 3.750 Accumulated Depreciation 3.750 g. 31 December Insurance Expense 2.400 Prepaid Insurance 2.400...
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- Fall '12
- SelçukErdem
- Generally Accepted Accounting Principles
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