Question: Practice Problem The following is the balance sheet from PT SELEBRITI LESS FAMOUS, abbreviated as PT SEKUTER PT SEKUTER Trial balance 31 December 2018 Cash
Practice Problem
The following is the balance sheet from PT SELEBRITI LESS FAMOUS, abbreviated as PT SEKUTER
PT SEKUTER
Trial balance
31 December 2018
Cash Rp. 14,200,000
Accounts Receivable Rp. 18,600,000
Prepaid insurance Rp. 7,900,000
Packing equipment Rp. 10,400,000
Land Rp. 4,000,000
Building Rp. 87,500,000
Truck Rp. 133,500,000
Accounts payable Rp. 7,650,000
Warehouse rent received in advance of Rp. 5,400,000
Payable property Rp. 140,000,000
Capital, Mr Lee Min Ho Rp. 44,700,000
Prize, Mr Lee Min Ho Rp. 18,000,000
Moving service income Rp. 209,000,000
Warehouse rental income Rp. 26,400,000
Driver's wages are Rp. 94,000,000
Office salary expense of Rp. 14,400,000
Office equipment rental expense of Rp. 3,000,000
Fuel and maintenance costs Rp. 23,450,000
a. An examination of the insurance policy shows that Rp. 1,507,000 have been used during that 1 year.
b. The remaining inventory of packing equipment is Rp. 1,507,000
c. Depreciation of the building during the year amounted to Rp. 2,500,000 and for truck depreciation amounting to Rp. 1,507,000
d. Interest on property payable that has been paid is Rp. 1,400,000.
e. A total of Rp. 1,950,000 of the prepaid income were recognized as income at the end of the period
f. The driver's wage in that period must be recorded but will only be paid in January 2019 in the amount of Rp. 1,507,000
g. The office employee's salary that has been paid on December 25 is Rp. 150,700 have forgotten to be recorded, so an adjusting entry must be made.
h. As much as Rp. 1,400,000 have been received on December 31, 2018 from subscriptions for moving work but new work will be done at the end of January 2019.
the question and requester is :
a. Keep the necessary adjusting entries
b. Complete the worksheet provided (below is an example worksheet,
allowed to do in excel please make your own with the form and
the account is exactly the same as in the attachment
c. Compile an Income Statement, a Retained Profit Report
Earning Statement) and Balance Sheet (Balance Sheet)
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