Problem 1 An equipment belonging to PT. KLM has data as follow: Original Cost................... $35,000 Estimated Life in years..... 8 years Estimated Residual Value... $3,000 Please prepare the table of depreciation using Straight-Line Method and declining balance method Problem 2 Please prepare the Journal Entries for the following transactions using Perpetual Method. The transactions of PT. XYZ during July 2015 are as follow: July 3 PT. XYZ sells merchandise for $1.350, the cost of goods sold is $ 1.020. July 5 PT. XYZ sells merchandise for $875 on account to PT. ABC. The cost of goods sold is $637. The credit term is 2/10, n/30. July 6 PT. ABC returns some merchandises to PT. XYZ for $325. The cost of goods sold is $203. July 15 PT. XYZ receives payment from PT. ABC for the transaction held on July 5, 2015. July 17 PT. XYZ purchases merchandise from PT. PQR by cash $2,730 July 20 PT. XYZ purchases merchandise from PT. DEF for $4.500 with the term of 2/10, n/30. July 21 PT. XYZ returns $2,000 of the merchandise to PT. DEF. July 25 PT. XYZ purchases merchandise from PT. TUV for $3.420 by cash, FOB shipping point. PT. XYZ pays transportation cost for $230 by cash. July 30 PT. XYZ pays to PT. DEF for the transaction held on July 20, 2015. July 31 PT. XYZ sells merchandise to PT. HIJ for $560 with credit term of 1/10, n/30. The cost of goods sold is $340. Problem 1 An equipment belonging to PT. KLM has data as follow: Original Cost................... $35,000 Estimated Life in years..... 8 years Estimated Residual Value... $3,000 Please prepare the table of depreciation using Straight-Line Method and declining balance method Problem 2 Please prepare the Journal Entries for the following transactions using Perpetual Method. The transactions of PT. XYZ during July 2015 are as follow: July 3 PT. XYZ sells merchandise for $1.350, the cost of goods sold is $ 1.020. July 5 PT. XYZ sells merchandise for $875 on account to PT. ABC. The cost of goods sold is $637. The credit term is 2/10, n/30. July 6 PT. ABC returns some merchandises to PT. XYZ for $325. The cost of goods sold is $203. July 15 PT. XYZ receives payment from PT. ABC for the transaction held on July 5, 2015. July 17 PT. XYZ purchases merchandise from PT. PQR by cash $2,730 July 20 PT. XYZ purchases merchandise from PT. DEF for $4.500 with the term of 2/10, n/30. July 21 PT. XYZ returns $2,000 of the merchandise to PT. DEF. July 25 PT. XYZ purchases merchandise from PT. TUV for $3.420 by cash, FOB shipping point. PT. XYZ pays transportation cost for $230 by cash. July 30 PT. XYZ pays to PT. DEF for the transaction held on July 20, 2015. July 31 PT. XYZ sells merchandise to PT. HIJ for $560 with credit term of 1/10, n/30. The cost of goods sold is $340