Here is data of Pan & Co. at the end of 2011 Balance Sheet Per 31 December
Question:
Here is data of Pan & Co. at the end of 2011
Balance Sheet | |||
Per 31 December 2011 | |||
(in Rupiahs) | |||
Cash | 1.400.000.000 | Accounts Payable | 400.000.000 |
Accounts Receivable | 800.000.000 | Bank Loans | 800.000.000 |
Office Equipments | 15.000.000 | ||
Raw Material Inventories | 600.000.000 | ||
Finished Good Inventories | 700.000.000 | Share Capital | 3.000.000.000 |
Fixed Assets | 1.485.000.000 | Retained Earnings | 800.000.000 |
Total Asset | 5.000.000.000 | Total Passiva and Owner’s Equity | 5.000.000.000 |
The owner of the company and the team of Financial Department are arranging a projected balance sheet in 2012. The data that has been set by management are:
a. Credit sales is amount to Rp 142.000.000 per month
b. Cost of goods sold is 45% of it
c. The credit sales will be paid by customers by 60% with a payment term of 10 days and the remaining will be paid 20 days after the first payment
d. Total production costs for a year is Rp 920.000.000, including depreciation cost of machine Rp 40.000.000. Production costs paid in cash
e. A plan of buying three cars in cash to support sales activities in January 2012, the car’s price is Rp 52.000.000 per unit
f. The cars has a useful life of 5 years, and are depreciated using the straight-line method
g. Partial repayment of bank loan of Rp 600.000.000 and its interest amounting to Rp 60.000.000
From those data above, make balance sheet of PT. Jaket Merah per 31" December 2011
Essentials of Business Statistics
ISBN: 978-0078020537
5th edition
Authors: Bruce Bowerman, Richard Connell, Emily Murphree, Burdeane Or