Yogha established a trading company PAPUA Store, with a deed of establishment no 21 akt 222,...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Yogha established a trading company PAPUA Store, with a deed of establishment no 21 akt 222, with an establishment capital of 100 shares with a paid-up capital value of Rp. 500,000,000, and was confirmed as a Taxable Entrepreneur, of 1 January 2021, Transactions during January are as follows 2021: a) On 1/01/2021 cash paid in as company capital amounting to Rp.500,000,000 b) On 1/01/2021, the rent for the building was paid for 1 year in the amount of Rp.40.000.000, not including 10% VAT. c) On 2/01/2021 office supplies were purchased for Bp. 10,000,000 excluding 10% VAT in cash d) On 3/01/2021 purchased merchandise inventory for Rp.200.000.000 excluding 10% VAT, in cash for Rp.154,000,000 and the rest on credit. e) On 5/01/2021 received a loan from the Bank amounting to Rp.200,000,000, with an interest of 13% per annum and will be paid in installments over 4 years to be paid every 1st of the following month. f) On 7/01/2021, the insurance premium for 1 year was paid in the amount of Bp. 10,000,000 e) On 8/01/2021, a building for a warehouse was purchased for Rp.300,000,000 excluding VAT 10%, 50% cash and the remainder was issued a note payable, with a book value of Rp.10,000,000 and will be depreciated over 20 years. h) On 9/01/2021 office equipment was purchased on credit for Bp. 10,000,000 excluding 10% VAT, with a residual value of Bp. 500,000 and will be depreciated over 4 years. i) On 11/01/2021 a vehicle was purchased in cash for Rp. 192,500,000 Including VAT (10%), with a residual value of Rp. 10,000,000 and will be depreciated over 8 years. I) On 01/11/2021 selling goods to Toko Makmur in cash amounting to Rp. 12,500,000, and receiving income from shipping services of Rp.100,000 (not including 10% VAT), for the sale, a 2% discount is given, from the proceeds of the sale. merchandise sales. The HPP for this sale is Rp. 10,000,000 k) On 15/01/2021 sold merchandise to PT Barakah for Rp 41,250.000 (including 10% VAT), an credit. The HPP for this sale is Bo 30,000,000 1) On 15/01/2021 a Patent of Rp.5,000,000 has been paid for a useful life of 10 years. m) On 16/01/2021, the copyright is Bp. 7,500,000 for a useful life of 10 years n) On 17/01/2021 paid an advertising fee of IDR 1,000,000 o) On 18/07/2021 the utility fee is Rp.2.750.000 p) On 19/01/2021 selling merchandise to PT Cabava for Rp.103,125,0000 (including VAT 10%) on credit, and transportation costs of Rp.500,000 were borne by PT Papua Store. HPP for this sale is Rp.75,000,000 q) On 20/01/2021 received a return of goods from PT Cabava, because it was damaged for Bp. 2,500,000 (Excluding 10% VAT). COGS for the return of this item is Rp. 2,000,000 r) On 21/01/2021, selling merchandise to Toko Makmur, in cash for Ra, 50,000,000 (not including 10 % VAT). HPP for this sale is IDR 40,000,000 s) On 23/01/2021 payment of Receivables from PT Barokah was received on January 15, 2021 with BNI giro number 001. t) Paying the warehouse purchase installment on January 8, 2021 in the amount of Rp.75,000,000 u) On 24/01/2021 PT Papua Store announced that it would distribute a dividend of Bp. v) 2,000,000 to be paid on February 10, 2021 w) On 25/01/2021, selling goods to PT Berkat Cipta Abadi for Rp. 25,000,000 (not including 10% VAT) in cash, the HPP for this transaction is Rp. 20,000,000. x) On 29/01/2021 Received payment of Receivables from PT Cabava amounting to Rp32,000,000 Requested Journalize the Adjusting Journal for the transaction, with the following information Adjustment for rent for 1 month Salary will be paid on February 5, 2021 in the amount of Rp. 10,000,000 The remaining equipment as of January 31, 2021 is IDR 7,000,000 • The building is depreciated over 20 years with a book value of Rp. 10,000,000 • Office equipment is depreciated over 4 years with a book value of Rp.500,000 • Vehicles are depreciated over 8 years with a book value of Rp. 10,000,000 Insurance fee for January Interest fee of 13%, for the month of January to be paid on February 10, 2021. Yogha established a trading company PAPUA Store, with a deed of establishment no 21 akt 222, with an establishment capital of 100 shares with a paid-up capital value of Rp. 500,000,000, and was confirmed as a Taxable Entrepreneur, of 1 January 2021, Transactions during January are as follows 2021: a) On 1/01/2021 cash paid in as company capital amounting to Rp.500,000,000 b) On 1/01/2021, the rent for the building was paid for 1 year in the amount of Rp.40.000.000, not including 10% VAT. c) On 2/01/2021 office supplies were purchased for Bp. 10,000,000 excluding 10% VAT in cash d) On 3/01/2021 purchased merchandise inventory for Rp.200.000.000 excluding 10% VAT, in cash for Rp.154,000,000 and the rest on credit. e) On 5/01/2021 received a loan from the Bank amounting to Rp.200,000,000, with an interest of 13% per annum and will be paid in installments over 4 years to be paid every 1st of the following month. f) On 7/01/2021, the insurance premium for 1 year was paid in the amount of Bp. 10,000,000 e) On 8/01/2021, a building for a warehouse was purchased for Rp.300,000,000 excluding VAT 10%, 50% cash and the remainder was issued a note payable, with a book value of Rp.10,000,000 and will be depreciated over 20 years. h) On 9/01/2021 office equipment was purchased on credit for Bp. 10,000,000 excluding 10% VAT, with a residual value of Bp. 500,000 and will be depreciated over 4 years. i) On 11/01/2021 a vehicle was purchased in cash for Rp. 192,500,000 Including VAT (10%), with a residual value of Rp. 10,000,000 and will be depreciated over 8 years. I) On 01/11/2021 selling goods to Toko Makmur in cash amounting to Rp. 12,500,000, and receiving income from shipping services of Rp.100,000 (not including 10% VAT), for the sale, a 2% discount is given, from the proceeds of the sale. merchandise sales. The HPP for this sale is Rp. 10,000,000 k) On 15/01/2021 sold merchandise to PT Barakah for Rp 41,250.000 (including 10% VAT), an credit. The HPP for this sale is Bo 30,000,000 1) On 15/01/2021 a Patent of Rp.5,000,000 has been paid for a useful life of 10 years. m) On 16/01/2021, the copyright is Bp. 7,500,000 for a useful life of 10 years n) On 17/01/2021 paid an advertising fee of IDR 1,000,000 o) On 18/07/2021 the utility fee is Rp.2.750.000 p) On 19/01/2021 selling merchandise to PT Cabava for Rp.103,125,0000 (including VAT 10%) on credit, and transportation costs of Rp.500,000 were borne by PT Papua Store. HPP for this sale is Rp.75,000,000 q) On 20/01/2021 received a return of goods from PT Cabava, because it was damaged for Bp. 2,500,000 (Excluding 10% VAT). COGS for the return of this item is Rp. 2,000,000 r) On 21/01/2021, selling merchandise to Toko Makmur, in cash for Ra, 50,000,000 (not including 10 % VAT). HPP for this sale is IDR 40,000,000 s) On 23/01/2021 payment of Receivables from PT Barokah was received on January 15, 2021 with BNI giro number 001. t) Paying the warehouse purchase installment on January 8, 2021 in the amount of Rp.75,000,000 u) On 24/01/2021 PT Papua Store announced that it would distribute a dividend of Bp. v) 2,000,000 to be paid on February 10, 2021 w) On 25/01/2021, selling goods to PT Berkat Cipta Abadi for Rp. 25,000,000 (not including 10% VAT) in cash, the HPP for this transaction is Rp. 20,000,000. x) On 29/01/2021 Received payment of Receivables from PT Cabava amounting to Rp32,000,000 Requested Journalize the Adjusting Journal for the transaction, with the following information Adjustment for rent for 1 month Salary will be paid on February 5, 2021 in the amount of Rp. 10,000,000 The remaining equipment as of January 31, 2021 is IDR 7,000,000 • The building is depreciated over 20 years with a book value of Rp. 10,000,000 • Office equipment is depreciated over 4 years with a book value of Rp.500,000 • Vehicles are depreciated over 8 years with a book value of Rp. 10,000,000 Insurance fee for January Interest fee of 13%, for the month of January to be paid on February 10, 2021.
Expert Answer:
Answer rating: 100% (QA)
Youve provided an image describing various financial transactions for a company called Papua Store throughout January 2021 Also there are some request... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
Students also viewed these accounting questions
-
On January 2, 2019, Lapar Corporation purchased a machine for $50,000. Lapar paid shipping expenses of $500, as well as installation costs of $1,200. The company estimated that the machine would have...
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-6. On December 12, Irene purchased the building where her store is located. She paid...
-
Write a program MooresLaw that takes a command-line argument \(n\) and outputs the increase in processor speed over a decade if microprocessors double every \(n\) months. How much will processor...
-
Show, using a ray diagram, that the magnification m of a convex mirror is m = di / do, just as for a concave mirror.
-
Using the Gibbs function data, determine the equilibrium constant KP for the reaction at 25C. Compare your result with the KP value listed in Table A28.
-
Why would a defendant want to remove an action from state court to federal court? What is the procedure the defendant must follow in order to remove an action filed in state court?
-
(Fill in the blanks) 1. The FASB publishes its Accounting Standards Codification (ASC) as the source of accounting and reporting guidance for _______ hospitals. 2. FASB standards _______ (lways,...
-
Midterm Exam:Excel problem(35pts) No credit will be given for just answers.Please use basic formulas for full credit. (75 minutes) Funfetti inc has two product lines: frosting and cake.These product...
-
1. Personality is a relatively stable set of traits that aids in explaining and predicting individual behavior. What are some of Mark Cuban's traits that can explain his behavior during Maverick...
-
V. Find the solution set of each inequality. Give answer in interval & inequality notations and draw the VI. Find the solution set of each inequality. Give answer in interval & Inty notations and...
-
2 i. What are the values of A, B, and C in the table below, that gives the probability mass function of X? X 2 3 4 5 6 7 89 10 11 12 1 1 P(X = x) 36 13 12 2010 61 5 3 ABC 36 36 36 23 1 36 (3 marks)...
-
Draw out the mechanism for the reaction involving butan-2-one with one of the two reagents shown below: primary amine or alcohol. You only need to show one mechanism. To assist you, there are two...
-
Xorrec supplior finds that it costs $ 8 5 0 to roast and package 1 0 0 pounds of coffee in a day and $ 2 8 5 0 to produce 5 0 0 pounds of coffee in a day. Assume that the cost function is linear....
-
A person travels by car from one city to another with different constant speeds between pairs of cities. She drives for 15.0 min at 100.0 km/h, 11.0 min at 65.0 km/h, and 45.0 min at 40.0 km/h and...
-
Guy McKinley started the McKinley Charter Service at the beginning of August 2 0 X 1 . On August 3 1 , 2 0 X 1 , the accounting records of the business showed the following information. Equipment $ 2...
-
Research the costs and benefits of becoming a franchisee for any franchise you want. (Basic information on costs and benefits is usually available at the franchise website or through additional...
-
Rewrite Programming Exercise 7.5 using streams. Display the numbers in increasing order. Data from Programming Exercise 7.5 Write a program that reads in 10 numbers and displays the number of...
-
Linda and Richard are married and file a joint return for 2012. During the year, Linda, who works as an accountant for a national airline, used $2,100 worth of free passes for travel on the airline;...
-
Jim (age 50) and Martha (age 49) are married with three dependent children. They file a joint return for 2012. Their income from salaries totals $50,000, and they received $10,000 in taxable...
-
On September 14, 2012, Jay purchased a passenger automobile that is used 75 percent in his accounting business. The automobile has a basis for depreciation purposes of $35,000, and Jay uses the...
-
Compare and contrast statistical and non-statistical (judgmental) sampling. Include in your discussion conditions that might make one approach to sampling more desirable than the other.
-
Consider the data from the previous problem. For each of the sampling methods named: a. Compute the total amount of the transactions sampled and the proportion of the cumulative total the sample...
-
Suppose that an auditor chooses to use a random sampling technique to test additions to fixed assets for the fiscal year for manufacturing company. Walk through the key steps the auditor should...
Study smarter with the SolutionInn App