Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Your audit team discovered the following journal errors: a. The company pays the salaries of employees in December, which is paid on January 5 of

Your audit team discovered the following journal errors:

a. The company pays the salaries of employees in December, which is paid on January 5 of the following year with the journal:

Employee Salary Cost 575,000,000

Cash 575,000,000

b. A car whose book value is already zero turns out to be a used car that can still be sold at a price of Rp. 30,000,000 and recorded in the journal:

Cash 30,000,000

Sales 30,000,000

c. A new machine was purchased for Rp. 300,000,000 with an installation cost of Rp.500,000 is recorded as follows:

Machine 300,000,000

Cost 500,000

Cash 300,500,000

d. PT. X bought a truck for Rp. 500,000,000,- the cost of painting the tub was Rp. 100,000, - . Besides PT.X also allows and finances the acquisition of a B driving license (SIM) for drivers The truck is Rp. 15,000,-. All of these expenses were charged to the cost of the truck, paid in cash.

e. Insurance expenses of Rp.24,000,000 for two years are recorded in total as insurance costs.

f. Purchase of office stationery on January 5, 2019 for Rp. 3,000,000, - and still remaining Rp. 1.000.000,- has not been adjusted to the cost

Make correction journals and adjusting journals for the things above!

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

The Art Of Safety Auditing A Tutorial For Regulators

Authors: Sasho Andonov

1st Edition

0367351080, 978-0367351083

More Books

Students also viewed these Accounting questions