Prepare adjusting entries on December 31, 2020.

 The adjustment data information as of December 31, 2020 is:
• Equipment remaining is estimated at IDR 4,000,000
• Prepaid insurance for a year starting April 30, 2020
• Equipment depreciation is 10% of equipment value
• Salary of employees still owed IDR 200,000
• Completed vehicle repairs but payment has not been received because the owner has not taken IDR 3,000,000.

Transcribed Image Text:

1. The following is the trial balance of PT. The vehicle success for the period of December 31, 2020 is as follows: Account name Cash PT. Balance Vehicle Success As of December 31, 2020 balance Debit (in IDR) Accounts receivable equipment Prepaid insurance equipment Accounts, Equipment depreciation Accounts payable capital Services revenue Rental expenses Salary expense Electric load Other expenses 12.000.000 5.000.000 9.000.000 600.000 24.000.000 2.400.000 8.000.000 1.200.000 2.800.000 Credit (in IDR) 4.000.000 10.000.000 17.000.000 29.000.000 1. The following is the trial balance of PT. The vehicle success for the period of December 31, 2020 is as follows: Account name Cash PT. Balance Vehicle Success As of December 31, 2020 balance Debit (in IDR) Accounts receivable equipment Prepaid insurance equipment Accounts, Equipment depreciation Accounts payable capital Services revenue Rental expenses Salary expense Electric load Other expenses 12.000.000 5.000.000 9.000.000 600.000 24.000.000 2.400.000 8.000.000 1.200.000 2.800.000 Credit (in IDR) 4.000.000 10.000.000 17.000.000 29.000.000

Answer rating: 100% (QA)

Equipment Depreciation Adjustment Depreciation Expense Income Statement 2500000 ... View the full answer