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On January 2, 2019, PT Maju purchased 80 percent of PT Jaya shares at a purchase price of IDR 5,500,000,000. The following shows the trial

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On January 2, 2019, PT Maju purchased 80 percent of PT Jaya shares at a purchase price of IDR 5,500,000,000. The following shows the trial balance of PT Maju and PT Jaya as of December 31, 2019.

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TRIAL BALANCE December 31, 2019 Account Title PT Maju PT Jaya Debit Credit Debit Credit Asset Accounts receivable 720. 000.000 575. 000. 000 Other receivables Stock 789.000.000 658.000.000 Land 1. 350. 000.000 800 . 000.000 Building 4.500. 000 .000 3.750. 000. 000 Machine 2. 500. 000. 000 1. 750. 000.000 Investment in shares of PT Jaya 6.220.000.000 Accumulated depreciation 1. 850.000.000 1.025.000.000 Accounts payable 925. 000.000 450. 000.000 Miscellaneous debt 1. 275.000.000 525. 000.000 Common stock 3. 000. 000. 000 2.000. 000.000 Agio stock 1.500 . 000.000 2. 000 . 000.000 Retained earning 5. 200 . 000. 000 2. 800 . 000 .090 Sales 10 . 800. 000 . 000 5. 400. 000. 000 Revenue from PT Jaya 960 . 000. 000 Cost of goods sold 4. 800. 000 . 000 2. 880 . 000.000 Depreciation expense 1. 050.600.000 475 . 000.000 Amortization expense Other operating expenses 1.950. 000. 000 845 . 000.000 Dividend 500. 000 . 000 300 . 000.000 Amount 25. 510. 000.000 25. 510.000.000 13.000.000.000 13.000.000.000

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