Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

January 1 : Mr. Smith deposited cash into the company as an initial capital of Rp.100,000,000. January 3 : Paid office rent for January in

January 1 : Mr. Smith deposited cash into the company as an initial capital of Rp.100,000,000.

January 3 : Paid office rent for January in the amount of Rp. 10,000,000.

January 6: Purchase office stationery equipment on credit at a price of Rp. 4,000,000.

January 10 : Paid advertising expenses, which were published in daily newspapers amounting to Rp. 1,000,000.

January 13: Mr. Smith took cash for personal use amounting to Rp. 7,000,000.

January 15 : Charges the client for services that have been provided by Mr. Smith of Rp. 30,000,000. In this case, Mr. Smith has not received payment.

January 17 : Payment of debt for the purchase of equipment on January 6 last.

January 22 : Received part of payment for services rendered on January 15 last Rp.20,000,000

January 31 : Paid employee salary of Rp.35,000,000

Make a table of accounting calculations based on the accounting equation Asset = Liabilities + Equity?

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_2

Step: 3

blur-text-image_3

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

Financial Accounting

Authors: Jan Williams, Susan Haka, Mark S Bettner, Joseph V Carcello

16th edition

1259692396, 77862384, 978-0077862381

More Books

Students also viewed these Accounting questions

Question

Contrast the methods employed by Titchener and Brentano.

Answered: 1 week ago