User Account

All Pages

Make a journal of the trading company transactions

Assignment Help Financial Accounting
Reference no: EM132696414

The following the transaction PT. Mei Kiat Makmur which engaged the retail equipment industry Sports.

Feb , PT. Mei Kiat Makmur bought merchandise PT Hasta, Rp. million credit with terms /, n / FOB Shipping Point. The freight cost Rp.thousand.

  • Feb , PT Buana sold merchandise cash worth Rp. million at the cost sales Rp. million
  • Feb , Made a purchase to PT Hasta worth Rp. thousand
  • Feb , Make repayment to PT Hasta
  • Feb , Purchased merchandise supplies PT Viktori /, worth million, already paid cash Rp. million the rest will be at a later date.
  • Feb , Purchased merchandise inventory cash Rp. million
  • Fab , Selling merchandise credit / for Rp. 15 million, 5 million has been received in cash, payment will be received at a later date with a cost of goods sold 3.5 million
  • Feb 19, Paid 50% repayment to PT Viktori
  • Feb 20, Received 30% repayment from customers for transactions dated February 18
  • Feb 25, Paid the remaining debt to PT Viktori
  • Feb 28, Received payment from the customer for the transaction on February 18th

Requested

Problem 1: Make a journal of the trading company transactions above

Reference no: EM132696414

Questions Cloud

Discuss organization need for physical security : Discuss an organization's need for physical security. What methods, approaches, and models can be used by organizations when designing physical security needs?
What caress estimated inventory at july is : Caress Company uses the retail inventory method, Under the approximate average cost retail method, Caress' estimated inventory at July 31, 2020 is
Prepare an overview diagram of aker job-costing system : Prepare an overview diagram of Aker's job-costing system. Compute the total manufacturing overhead cost allocated to Job 360
What steps does john needs to undertake in order to make : What steps does John needs to undertake in order to make an arbitrage profit from a forward contract on 100 units of gold in 3 months time.
Make a journal of the trading company transactions : Make a journal of the trading company transactions. Feb , PT Buana sold merchandise cash worth Rp. million at the cost sales Rp. million
Define what changes might be ahead in corrections philosophy : In Chapter 3 the authors describe a progression of changes in corrections from The Reformatory Movement (1870s to 1890s) to the Crime Control Model.
Should a bank reconciliation take place : In managing company funds, transparency is required regarding the flow incoming funds disbursed funds, In your opinion, should a bank reconciliation take place?
What is the result of errors in journaling : PT Mei Bong's monthly telephone costs, Assume you are a Manager Finance, what is the result of errors in journaling and in what way you should do? Explain!
Write a current issue facing law enforcement leaders : 8-10 page research paper on a current issue facing law enforcement leaders, utilizing at least 8 scholarly references, and written in APA Style.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Determine what is the equipments after-tax salvage value

Nicole can sell the use equipment today for P5 million and its tax rate is 40%. What is the equipment's after-tax salvage value?

  Find the issue price of the bonds is

Find The issue price of the bonds is. On January 1, 2020, Cotton Corp. issued eight-year, 3% bonds with a face value of $600,000

  Determine whether buying or leasing is preferable

Determine whether buying or leasing is preferable.,Yamrot Company, a small machine shop, is contemplating acquiring a new machine tool costing

  Prepare syafiq statement of comprehensive income

Based on the information above, you are required to prepare Syafiq statement of comprehensive income and statement of financial position.

  Production with respect to direct materials-conversion costs

The Converting Department of Forever Fresh Towel and Tissue Company had 1,200 units in work in process at the beginning of the period, which were 40% complete. During the period, 25,200 units were completed and transferred to the Packing Department. ..

  Calculate an estimate of the ending balance of accounts

Calculate an estimate of the ending balance of accounts receivable from customers that should appear in the ledger and any apparent shortages. Assume that all sales are made on account.

  Show the relevant extracts from the final accounts

Show the relevant extracts from the 31/12/15 final accounts. KUC PLC revalues its buildings and decides to incorporate the revaluation into the books of account

  Prepare the journal entries to capture swap contract

A New Zealand company has a foreign denominated asset in United States dollars worth US$600,000 on the 1 July 2016. The US debtor is due to repay this debt to the New Zealand company over the next 12 months. Assume the company are able to partner wit..

  What is the projects npv for wilson inc

$2,140,000 in annual sales, with costs of $1,215,000. If the tax rate is 35%, and the required return on the project is 14%, what is the project's NPV?

  Evaluate the net present value and profitability index

Which project should he invest if the projects are mutually exclusive? Explain why.Determine the net present value(NPV) and Profitability Index (PI)

  Calculate the liquidation of the corporate tax

Describe how they affect the liquidation of the Corporate Tax. Calculate the liquidation of the Corporate Tax in a word document

  Effect of each transaction on the individual accounts

Show the effect of each transaction on the individual accounts of the expanded accounting equation: Assets = Liabilities + Owner's Equity

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd