Question
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?
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