Reference no: EM132747767
Question - Mei Bong Company started its business in financial consulting services. The following is financial transactions that occurred during March 2020.
March 1, Shareholders invested Rp 20 million in cash for obtain Common Shares.
March 3, Recruiting an accounting staff with a salary of IDR 2 million per month.
March 3, Purchased supplies payable to PT Maju Jaya in the amount of Rp. 1.5 million.
March 7, Paid cash for office rental fee of IDR 900 thousand.
March 10. Received down payment of IDR 3.5 million for financial consulting services.
March 11, Paid vehicle insurance premium for 1 year of IDR 2 million.
March 12, Received cash of Rp 2.5 million for financial consulting services that have been given to clients.
March 17, Paid 50% of the purchased supplies to PT Maju Jaya.
March 19, Paid electricity costs in cash of Rp. 1 million.
March 20, Provided financial consulting services for Rp. 5.5 million, of which 2 million have been received received in cash, the rest will be received next month.
March 28, Paid employee salaries of Rp. 2 million.
The following is the adjustment data at the end of the month:
March 31, the inventory used was Rp. 300 thousand.
March 31, Unpaid employee salaries at the end of March amounted to Rp 3.5 million.
March 31, vehicle insurance during March of Rp. 167 thousand.
Instruction -
1. Create a general journal.
2. Create an Adjustment Journal, Ledger, Work Sheet and Financial reports (Reports profit and loss, owner's equity statement and balance sheet / financial position).