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Below is a report of PT Setia Abadi Surabaya and branch office in Palangkaraya: Description Home office Surabaya (Rp) Branch Palangkaraya (Rp) Debit Cash Accounts

Below is a report of PT Setia Abadi Surabaya and branch office in Palangkaraya:

Description

Home office Surabaya (Rp)

Branch Palangkaraya (Rp)

Debit

Cash

Accounts Receivable

Merchandise Inventory 1-1-2012

Property, Plant & Equipment (net)

Branch Palangkaraya

Purchases

Operational expense

Merchandise shipment from home office

504.000.000,-

1.527.000.000,-

1.086.000.000,-

879.000.000,-

692.400.000,-

3.789.600.000,-

834.000.000,-

-

103.200.000,-447.600.000,-

-

-

-

-

262.800.000,-

1.320.000.000,-

Total

9.312.000.000,-

2.133.600.000,-

Credit

Accounts Payable

Sales

Merchandise shipment to Branch Palangkaraya

Home office

Share capital

Retained Earnings

492.000.000,-

4.800.000.000,-

1.320.000.000,-

-

2.400.000.000,-

300.000.000,-

-

1.143.600.000,-

-

990.000.000,-

-

-

Total

9.312.000.000,-

2.133.600.000,-

Merchandise Inventory December 31, 2012 respectively Rp1.149.600.000, - for the home office and Rp290.400.000, - for the branch.

Question:

Please answer with calculation 1. How much profit or loss Surabaya home office operation? 2. How much profit or loss Palangkaraya branch operation? 3. Closing account journal of profit or loss home office Surabaya 4. Closing account journal of profit or loss branch Palangkaraya 5. Journal transfer profit or loss branch Palangkaraya to profit or loss home office 6. Journal of the transfer balance profit or loss for the year to retained earnings 7. What is the amount of goods available for sale in both the home office and the branch during the year 2012? 8. Mention reciprocal posts to be eliminated in the preparation of the financial statements of the combined home office and branch 9. What is the amount of cost of goods sold combined home office and branch? 10. What is the amount of retained earnings balance date of December 31, 2012?

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