Scribd
Upload
34 views2 pages

Soal (2425-2) Project I - Revisi

The document outlines the financial position of PT HAPPY, an official distributor of 'MAXI' brand laptops, as of December 31, 2022, detailing assets, liabilities, and equity. It also includes transactions for the year 2023, such as office rental, laptop purchases, sales, and adjustments for expenses and revenues. Instructions are provided to prepare the year-end financial statements for 2023 through a complete accounting cycle.

Uploaded by

jehudandrew
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
34 views2 pages

Soal (2425-2) Project I - Revisi

The document outlines the financial position of PT HAPPY, an official distributor of 'MAXI' brand laptops, as of December 31, 2022, detailing assets, liabilities, and equity. It also includes transactions for the year 2023, such as office rental, laptop purchases, sales, and adjustments for expenses and revenues. Instructions are provided to prepare the year-end financial statements for 2023 through a complete accounting cycle.

Uploaded by

jehudandrew
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 2

ACADEMIC YEAR 2024/2025-2

INTERMEDIATE FINANCIAL ACCOUNTING I


PROJECT I

PROJECT I
PT HAPPY is the official distributor of “MAXI” brand laptops, hereinafter referred to as the "Company."
Statement of Financial Position of the company, shows the following:
PT HAPPY
STATEMENT OF FINANCIAL POSITION
AS OF December 31, 2022
ASSETS
Current Assets
Bank Mandiri 50,000
Account Receivable 1,200
Inventory 50 unit @ Rp 100 5,000
Office Supplies 2,000

Total 58,200
Non Current Assets
Vehicle 20,000
Accumulated Depreciation Vehicle (1,000)
Total 19,000
TOTAL ASSETS 77,200
LIABILITIES AND EQUITIES
LIABILITIES
Current Liabilities
Account Payable 1,000

Total 1,000
Non Current Liabilities
Bank Payable 1,000
Total 1,000

EQUITIES
Share Capital 50,000
Retained Earnings 25,200
Total 75,200
TOTAL LIABILITIES AND EQUITIES 77,200

Chart of Account of the Company presented below:


111 Cash 221 Bank Payable
112 Account Receivable 311 Share Capital
114 Inventory 312 Retained Earnings
115 Office Supplies 319 Income Summary
116 Prepaid Rent 411 Sales Revenue
123 Vehicle 511 Cost od Goods Sold
124 Accumulated Depreciation Vehicle 521 Salaries Expense
211 Account Payable 522 Office Supplies Expense
212 Notes Payable 531 Depreciation Vehicle Expense
213 Salaries Payable 532 Rent Expense
214 Unearned Revenue 533 Interest Expense
215 Interest Payable

[2425-2] PROJECT I.xlsx


Transactions during 2023 are as follows:

1 Jan The company rented an office space and made full payment.
Rental period 15 months Total Rental Price Rp 15,000
2 Jan Purchased laptops from the factory on credit
200 unit @ Rp 120 Total Rp 24,000
3 Feb Purchased laptops from the factory on credit
100 unit @ Rp 140 Total Rp 14,000
20 Feb Sold laptops to PT DEF on credit
100 unit Rp 300 Total Rp 30,000
25 Feb Sold laptops to PT KLM on credit
100 unit Rp 400 Total Rp 40,000
1 Nov Company issued Notes Payable period 3 months Principal Rp 3,000
interest rate 12% per year
1 Des To celebrate the end of the year, the company will launch a new series of laptops next year. The
company is selling them through pre-launch promotions. Many customers have paid a down
payment to buy the product and made the total payment.
Total down-payment received Rp 8,000
20 Des Total Salary during the year that has been paid through the bank Rp 10,000
28 Des Paid the year cash dividends to shareholders Rp 5,000
30 Des Paid debt to the factory Rp 20,000
31 Des Received the settlement of PT KLM receivables

Inventory Accounting Policy:


1. Iventory valuation PERPETUAL - FIFO
Adjustment Data: 31 Des 2023
1. Unrecognized employee salary expense for 21 to 31 Dec Rp 500
2. Vehicle depreciation expense for the year Rp 300
3. Office supplies on hand Rp 200
4. The company succeeded in delivering 50% laptop from pre-launched promotion
5. Prepare other adjusting entries to recognize both for revenue and expenses, if any.

Instructions:
Using all the information above, prepare the year-end of 2023 financial statements through a complete
accounting cycle (up to post closing trial balance).

[2425-2] PROJECT I.xlsx

You might also like