Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

lease prepare the accounting entries using GL description in trial balance (balance sheet and income statement) for the month ended 31 Dec 20 ) Place

image text in transcribed lease prepare the accounting entries using GL description in trial balance (balance sheet and income statement) for the month ended 31 Dec 20 ) Place time deposit on 1 Dec 20 with nominal IDR 1,000,000,000; interest rate 8% p.a.; mature on 28 Feb 21 ) Purchase 500 shares on 1 Dec 20 with deal price @IDR 2,000/share; transaction fee 0.1% from transaction amount; WHT 2\% from transaction fee ) Entitle to receive a cash dividend (ex-date 2 Dec 20) amounted IDT 1,500,000 ) Sell 200 shares (of the shares bought 1Dec20 ) on 3 Dec 20 with sell price IDR 2,650/share Accrued custody fee IDR 1,000,000/day; management fee IDR 3,500,000/day; reporting fee IDR 500,000/day ) Please prepare entry for time deposit interest accrual up to 31Dec20

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions