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PT Ayo PTM Dong is a company engaged in architectural and civil consulting services. This company has been established since 2017 and closes its books
PT Ayo PTM Dong is a company engaged in architectural and civil consulting services. This company has been established since 2017 and closes its books every December 31, 2020. The following is the Unadjusted Trial Balance as of December 31, 2020:
PT Ayo PTM Dong Unadjusted Trial Balance December 31, 2020 Account D K Cash Rp150.000.000 65.000.000 35.000.000 36.000.000 76.000.000 Rp31.666.667 Account Receivable Supplies Prepaid Rent Equipment Acc. Depreciation-Equipment Building Account Payable Notes Payable Unearned Service Revenue Share Capital-Ordinary Retained Earnings, 1/1 650.000.000 48.000.000 650.000.000 65.000.000 110.000.000 71.333.333 79.000.000 15.000.000 Service Revenue Advertising Expense Salaries and Wages Expense Utilities Expense 17.500.000 10.500.000 Total Rp1.055.000.000 Rp1.055.000.000 The following are data related to adjustments:
a. The remaining supplies are Rp. 15,000,000. b. The company paid the rent in advance on February 2, 2020 for a lease for 3 years.
c. Equipment purchased on July 1, 2017, this equipment has a useful life of 6 years and is depreciated using the straight-line method with no residual value.
d. On August 16, 2020, the company purchased the building by issuing Notes Payable 8% with a period of 2 years. This building has a useful life of 15 years, a residual value of Rp50,000,000, and is depreciated using the straight-line method.
e. As of the end of 2020, 60% of the prepaid income has been completed by the company.
Make adjusting journals, worksheets, Income Statements, Retained Earnings Statements, Statements of Financial Position, and closing journals needed by PT Ayo PTM Dong at the end of 2020!
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