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oka gekp;asdfasdf pls help me with part B thank u PART A (5%) PT Mirae is a merchandising company. The company uses the perpetual method
oka gekp;asdfasdfpls help me with part B thank u
PART A (5%) PT Mirae is a merchandising company. The company uses the perpetual method in recording its merchandise. Meanwhile, the treatment of uncollectible receivables is by using the allowance method. Below are the transactions that occurred during 2020: Date Transactions Jul 15 Made credit sales of $100.000 to PT ABC. COGS for the product is $25.000. Nov 15 Received notice that the receivables from PT ABC cannot be fulfilled in time. PT Mirae estimates that the probability of being uncollectible is 100%. Due to this condition, PT Mirae write-off PT ABC's receivable. Dec 30 Receivables from PT ABC are reinstated, but only an amount of $60.000 is received and the remainder is written-off as uncollectible. Instruction: Journalize the transactions above! PART B (5%) Below is the information of the receivables of the PT Mirae: Accounts Receivable Allowance for Doubtful Accounts Net Realizable Value 31 December 31 December 2020 2021 $2.500.000 ? ? ($50.000) $2.425.000 ? Additional Information: 1. Total Credit Sales in 2021 is $4.750.000 2. Total collection of receivables in 2021 is $3.250.000 3. During 2021, PT Mirae written off receivables amounted $175.000 Instructions: 1. Fill in the blank table! 2. Journalize the AFDA adjustment! PART A (5%) On August 2, 2021, MK INC used cash for these items: a. Land price; Rp250.000.000.000 b. Land acquisition tax; 10% of the land price C. Commission fee for the land acquisition; 20% of the land price d. Razing property above land cost; Rp30.000.000 e. Fence built above the land; Rp 90.000.000 f. Trucks for operations cost; Rp80.000.000 g. MK INC logo painting on trucks cost; Rp10.000.000 h. Trucks annual license; Rp5.000.000 Classify each transaction to one of these accounts, without calculating the total cost: land, land improvement, trucks, others (if others, please specify the right account name). Example: a. Land b. Xxx C. Xxx
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