Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I. ACCOUNTING FOR TRADING COMPANY OPERATIONS (25%) The following is information on the purchase and sale of merchandise transactions that occur at PT. Mayora Indah

I. ACCOUNTING FOR TRADING COMPANY OPERATIONS (25%) The following is information on the purchase and sale of merchandise transactions that occur at PT. Mayora Indah Tbk. during the period June 2019 are: 1. On June 1, 2019, merchandise was purchased at a cost of IDR 30,000,000 on credit with terms 2/10, n / 30, Free On Board Shipping Point with transportation costs paid in cash of IDR 300,000. 2. On June 3, 2019, merchandise which has an acquisition price of IDR 12,000,000 is sold at a selling price of IDR 16,800,000 on credit with terms 3/10, n / 30, Free On Board Destination with transportation costs paid in cash of IDR 100,000. 3. On June 5, 2019, merchandise was returned at a cost of Rp. 3,000,000 that had been purchased for the transaction on June 1, 2019 because there was damage to the merchandise. 4. On June 8, 2019, trade payables for transactions on June 1, 2019 amounted to IDR 15,000,000. 5. On 9 June 2019, merchandise was received back at an acquisition cost of IDR 2,000,000, and a selling price of IDR 2,800,000 which was sold for the transaction on 3 June 2019. 6. On June 10, 2019, a collection of accounts receivable was received for the transaction on June 3, 2019 amounting to IDR 8,000,000. 7.On 15 June 2019, merchandise was purchased at an acquisition cost of IDR 20,000,000 in cash, Free On Board Destination with a cash transportation fee of IDR 200,000. 8. On 18 June 2019, trade payables were paid for the transaction on 1 June 2019. 9. On 20 June 2019, a collection of accounts receivable was received for the transaction on 3 June 2019. 10.On 24 June 2019, merchandise was sold which had an acquisition cost of IDR 24,000,000 at a selling price of IDR 33,600,000 in cash, Free On Board Shipping Point with a transportation cost of IDR 180,000. 11. On 27 June 2019, merchandise was returned at an acquisition cost of Rp. 4,000,000 that was purchased for the transaction on June 15, 2019 because there was damage to the merchandise. 12. On 30 June 2019, merchandise was received back at an acquisition cost of IDR 3,000,000, and a selling price of IDR 4,200,000 which was sold for the transaction on 24 June 2019. Question: Make a transaction journal of PT. Mayora Indah Tbk. using a perpetual inventory recording system for June 2019!

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Core Concepts of Accounting Information Systems

Authors: Mark G. Simkin, Jacob M. Rose, Carolyn S. Norman

12th edition

1118022300, 978-1118022306

More Books

Students also viewed these Accounting questions