Answer the questions 03-06 according to the following scenario. Three friends Leyla, Mustafa and John came together to e

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Answer The Questions 03 06 According To The Following Scenario Three Friends Leyla Mustafa And John Came Together To E 1 (55.91 KiB) Viewed 41 times

Answer the questions 03-06 according to the following scenario. Three friends Leyla, Mustafa and John came together to establish a design consultancy firm named LMB Design on January 2021. 1. Leyla invested 10.000 TRY cash in January 2. Mustafa invested his 3D printer worth of 7.000 TRY to be used in the company in January 3. John invested her car worth of 25.000 TRY as the company car in January. 4. They also took a bank loan (credit) of 40.000 TRY cash in January for their upcoming expenses. TRY stands for Turkish Lira (TL). Q3. How did their balance sheet look like on 01. February.2021? Prepare a balance sheet. 15 pts 04: What is the total amount of Shareholders' Equity (Paid-in capital)? (4 pts) In February 5. They bought 8.000 TRY worth of computer with cash to be used for modeling, in February as an asset. 6. They paid the rent for the office, 1.500 TRY with cash in February 7. They paid 3.000 TRY total cash for the salaries of their employees for the work done in February 8. They completed projects for 2 clients where they generated total amount of 9.000 TRY revenue in cash in February 05. How does the income statement of the LMB Design Company look like for the period January-February 2021? Prepare an income statement. 10 pts) BONUS 06: How has their balance sheet changed? How does it look like on 01. March 2021? Prepare a balance sheet 10 pts)