Question
a. Clinton started the business with a cash investment of Rp. 5,000,000 and gave a building worth Rp. 100,000,000 to the company as a deposit
a. Clinton started the business with a cash investment of Rp. 5,000,000 and gave a building worth Rp. 100,000,000 to the company as a deposit for capital.
b. Borrowed IDR 30,000,000 from BCA bank and received cash
c. Purchase equipment on credit for Rp.2,100,000
d. Purchased on credit IDR 18,000,000 for office furniture
e. Paid employee salaries of Rp. 2,200,000
f. Complete consulting services for a client on credit
IDR 5,100,000
g. Paid Rp 9,000,000 as trade payables for the transaction (d)
h. Completed consulting services and received IDR 1,600,000 cash
i. Receiving cash from payment of transaction credit services (f)
j. Paid the following expenses: Electricity expense of IDR 500,000 and ATK expense of IDR 125,000
k. Taking cash for Clinton's personal Rp. 3,000,000
Requested:
1. Open the T account as follows: Cash, accounts receivable, office supplies, equipment, vehicles, trade payables, bank loans, Clinton capital, prives, service fees, salary expenses, electricity expenses, advertising expenses, stationery expenses, insurance expenses
2. Record the above transaction in a general journal and post it to the general ledger
3. Prepare a trial balance / trial balance on June 30, 2015
4. Prepare a loss / profit statement; changes in equity and balance sheet as of June 30, 2018
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started