In an audit of PT NATALIA, you get the following:

Requested: Serve Receivables properly in the statement of financial position (balance sheet) as of December 31, 2002 in accordance with the results of your audit and make the proposed adjusting entry!

a. In the balance sheet as of December 31, 2002, Receivables are presented as follows: CURRENT ASSET: Accounts receivable Rp 367.990.000 Receivables from Affiliated Companies Rp 124.770.000 Employee Receivables Rp 15.000.000 Receivables from Shareholders Rp 160.500.000 Other Receivables (non-current) Rp 8.000.000 Rp 676.260.000 Less: Allowance for doubtful accounts (Rp 31.550.000) Total Net Receivables Rp 644.710.000 C. b. There is a balance minus Accounts Receivable of Rp 25,000,000 In the Accounts Receivable balance there are Receivables from PT KKR amounting to Rp 34,050,000 (US $ 3405). The middle rate of Bank Indonesia on the statement of financial position (balance sheet) date is Rp.10,150 per 1 US$ d. Receivables from affiliated companies represent long-term loans for factory expansion e. Employee receivables are temporary loans for several employees' business trips. f. Receivables from shareholders cannot be expected to be realized in the coming year g. Allowance for doubtful accounts is determined by the Directors at the end of the year at 5% of the trade receivable balance as of December 31, 2002. h. There is a difference in the confirmation answer for one of the debtors, the balance according to the additional accounts receivable book Rp 32,000,000 confirmation answer Rp 42,100,000. This difference represents the delivery of goods on December 31, 2002. The client did not record any of these transactions, because the invoice (bill) was only sent to the debtor on January 3, 2003