Required: 1) Prepare a statement of profit and loss and comprehensive income for the year ended december 31, 2018 2) Prepare a all journal and adjusting journal entries for 2018

Problem 5 PT Matkus, a trading Company has these following transactions: Date January 5, 2018 February 10, 2018 March 5, 2018 March 10, 2018 Description Purchased merchandise from supplier on credit terms amounted to Rp500 million Sold merchandise on credit amounting to Rp750 million Paid supplier amounting to Rp500 million Received payment from customer for transaction on 10 Feb amounted to Rp600 million Purchased a used van for Rp 144 million by cash Lease office space for 2 years, with lease price of Rp60 million ! Received payment from customer for transaction on February 10 amounting to Rp145 million. Sold the used van for Rp 130 million April 1, 2018 July 1, 2018 August 5, 2018 December 30, 2018 Additional information: a The Company is using straight-line method of depreciation and periodic inventory system b) The van has estimated useful life of 4 years. c) The balance of remaining receivable accounts is estimated to be uncollectible. d) The beginning and ending inventory amounted to Rp100 million and Rp200 million, respectively. e) Operating expenses consist of salaries of Rp108 million and office expenses amounted to Rp20 million