Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

On 01/01/2021 Mr. Dhira established a trading company Korindo Store, with a deed of establishment no 21 akt 221, with an establishment capital of 100

image text in transcribed
image text in transcribed
On 01/01/2021 Mr. Dhira established a trading company Korindo Store, with a deed of establishment no 21 akt 221, with an establishment capital of 100 shares with a paid-up capital value of 750,000,000, and was confirmed as a Taxable Entrepreneur. as of January 1, 2021, Transactions during January 2021 are as follows: a. On 1/01/2021 cash paid in as company capital amounting to Rp.750,000,000 b. On 1/01/2021, the building rental for 1 year was Ro. 50,000,000, not including 10% VAT. c. On 2/01/2021 office supplies were purchased for Bp. 12,000,000 excluding 10% VAT in cash d. On 3/01/2021 purchased merchandise inventory amounting to Rp.400.000,000 excluding 10% VAT, in cash amounting to Rp.308,000,000 and the rest on credit. e. On 5/01/2021 received a loan from the Bank amounting to Rp.250,000,000, with an interest of 13% per annum and will be repaid in 4 years in installments to be paid every 1st of the following month. f. On 7/01/2021, the insurance premium was paid for 1 year amounting to Rp.15,000,000 On 8/01/2021 a warehouse building was purchased for Rp.450,000,000 excluding 10% VAT, 50% in cash and the remainder was issued a note payable, with a book value of Rp.10,000,000 and will be depreciated over 20 years. h. On 9/01/2021 office equipment was purchased on credit for Rp. 20,000,000 excluding 10% VAT, with a residual value of Bo. 500,000 and will be depreciated over 4 years. i. On 11/01/2021 a vehicle was purchased in cash for Re. 198,000,000 Including VAT (10%), with a residual value of Re. 10,000,000 and will be depreciated over 8 years. J. On 01/11/2021 selling goods to Toko Makmur in cash amounting to Rp.25,000,000, and receiving income from shipping services amounting to Rp.100,000 (not including 10% VAT), for this sale, a discount of 2% is given, from merchandise sales. The HPP for this sale is Ro, 20,000,000 k. On 15/01/2021 sold merchandise to PT Barokah amounting to Rp.68 750.000 (including 10% VAT), on credit. HPP for this sale is IDR 50,000,000 on 15/01/2021 a Patent of Rp. 10,000,000 has been paid for a useful life of 10 years m. On 16/01/2021, the copyright is Rp. 8,000,000 for a useful life of 10 years n. On 17/01/2021 paid an advertising fee of IDR 1,500,000 o. On 18/07/2021 paid a utility fee of IDR 5,000,000 p. On 19/01/2021 sold merchandise to PT Cahaya for Rp.240,625,00Q (Including VAT 10%) on credit, and transportation costs of Rp.500,000 were borne by PT Toko Papua. HPP for this sale is Re- 175,000,000 On 20/01/2021 received a return of goods from PT Cahaya because it was damaged for Ro. 6,250,000 (Not including 10% VAT). COGS for the return of this item is Rp.5.000.000 On 21/01/2021, sold merchandise to Toko Makmur in cash for Re. 50,000,000 (not including 10% VAT). HPP for this sale is Rp.40,000,000 S. On 23/01/2021 payment of Receivables from PT Barokah was received for the sale on January 15, 2021 with the current account number BNI001 t. On 24/01/22021 Paying the warehouse purchase installment on January 8, 2021 amounting to Rp.75,000,000 On 24/01/2021 PT Korindo Store announced that it will distribute dividends of Ro. 10,000,000 which will be paid on February 10, 2021. v. On 25/01/2021, sold goods to PT Berkat Cipta Abadi for Rp.93.750,000 (not including 10% VAT) in cash, the HPP for this transaction was Rp.75,000,000. w. On 29/01/2021 Received payment of Receivables from PT Cahaya amounting to Rp.40,000,000 Requested Journalize the Adjusting Journal for the transaction, with the following information: Adjust the rental fee for 1 month Salary will be paid on February 5, 2021 in the amount of Bp. 27,000,000 The remaining equipment on January 31, 2021 is IDR 8,000,000 The building is depreciated over 20 years with a book value of Ro. 10,000,000 Office equipment is depreciated over 4 years with a book value of Rp.500,000 Vehicles are depreciated over 8 years with a book value of Bp. 10,000,000 Insurance fee for January Interest fee of 13%, for the month of January to be paid on February 10, 2021. Patent and Copyright am ization fee for January 2021

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

Intermediate Accounting Volume 1

Authors: Thomas H. Beechy, Joan E. Conrod, Elizabeth Farrell, Ingrid McLeod Dick

7th Edition

1260306747, 978-1260306743

More Books

Students also viewed these Accounting questions

Question

What do I have experience doing?

Answered: 1 week ago