A B C D E

1 a) Tranlation Working Paper

2
3
4 Skillet Corporation
5 Translation Working Papers
6
7 account in pounds rate in dollar
8 Debit:
9 Cash IDR 220,000,000 0.000125 27,500.000
10 Account receivable IDR 52,000,000 0.000125 6,500.000
11 Inventory IDR 59,000,000 0.000125 7,375.000
12 Building IDR 400,000,000 0.000125 50,000.000
13 Land IDR 100,000,000 0.000125 12,500.000
14 Depreciation Expense IDR 7,500,000 0.00011765 882.375
15 Other expense IDR 110,000,000 0.00011765 12,941.500
16 COGS IDR 220,000,000 0.00011765 25,883.000
17 Total debit: 143,581.875
18
19 Credit:
20 Accumulated depreciation IDR 7,500,000 0.000125 937.500
21 Accounts payable IDR 111,000,000 0.000125 13,875.000
22 Common stock IDR 450,000,000 0.0001 45,000.000
23 Sales revenue IDR 600,000,000 0.00011765 70,590.000
24 Retained earnings IDR - 0.000
25 Total debit: 130,402.500
26
27 Selisih (Gain) 13,179.375 Credit
28
29 Keterangan
30 Mata uang fungsional (Rp)
31 01/01/16 Historical rate 0.0001
32 01/04/16 0.00011111
Nilai tukar (IDR)
33 31/12/16 Current rate 0.000125
34 Rata-rata/Average 0.00011765
 F G H I
1 b) Translated Income Statement & Balance Sheet
2
3 Skillet Corporation
4 Translated Income Statement
5 For the Year ended December 31, 2014
6
7 Sales 70,590.000
8 (-) COGS -25,883.000
9 Gross Profit 44,707.000
10 (-) Depreciation expense -882.375
11 (-) Other expense -12,941.500
12 Net income 75,590.125
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14 Skillet Corporation
15 Translated Balance Sheet
16 For the Year ended December 31, 2014
17 Asset Liabilities
18 Cash 27,500.000 Account payable 13,875.000
19 Account receivable 6,500.000
20 Inventory 7,375.000 Equity
21 Building 50,000.000 Common stock 45,000.000
22 (-) Accumulated depreciation -937.500 Retained earning 0.000
23 Land 12,500.000 Equity adjustment 0.000
24 Total 102,937.500 Total 58,875.000
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 Translated I/S
Sales 70590
COGS
Gross Profit
Depreciation expense
Other expense
Net income

Translated B/S