Reference no: EM132649145

Question -

PART 1 - The balance below is taken from PT Abadi's balance sheet as of December 31, 2015:

Receivables IDR 1,989,480, -

Allowance for uncollectible accounts IDR 58,590, -

Data from transactions related to business during January 2016 are as follows:

a) Total sales of Rp 7,292,600, - of which Rp 2,662,100, - are cash sales.

b) Received billing results of Rp. 3.906,260, -

c) Accounts receivable amounting to Rp 69,460, - is written off.

d) The company received merchandise returned by the customer for Rp. 975,300

e) Received a write-off which was written off in the amount of IDR 127,680, -

Requested:

1. Make the required journal entries

2. Make a journal entry based on the table that determines the loss caused by bad debt of 2% of the credit and present the financial statements!

Part 2 - On January 1, 2015 in the ledger list of PT. Karya Guna has an estimate as follows: Receivables IDR 2,750,000.

During 2016, the following transactions occurred:

10/01/2016 Sold on merchandise credit to Fa. Abadi IDR 15,000,000

25/04/2016 Receivable from PT. Forward of IDR 7,500,000

15/05/2016 It is no longer possible to collect the loan for santoso Rp 2,500,000 because the person concerned has passed away

05/06/2016 Sold with merchandise credit to PT. Horas Rp.10,000,000

15/08/2016 Received from Fa. Abadi IDR 15,000,000

20/09/2016 received receivables that were written off last year amounting to Rp.5,000,000.

Requested:

1. Make a general journal for the above transactions.

2. Make accounts receivable to accounts receivable estimates in the general ledger and present the receivables above in the financial statements!