Solution-Preparation of the financial statements for month

Preparation of the financial statements for month of October

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Reference no: EM132606165

Question - Make adjusting entries that must be made for the preparation of the financial statements for the month of October 31, 2015 for the following three transactions.

a. On October 1, 2015 the company paid office space for Rp 36,000,000 for a period of 6 months

b. On October 15, the company bought office equipment for Rp 20,000,000. As of October 31, office supplies that were still stored were recalculated and recorded at Rp 9,000,000

c. The company wages expense is paid every 20th. With the number of freelancers of 20 people, the wage expense paid per day is Rp.4,000,000. Wages for working days after the 20th, paid on the 20th of the following month. The remaining working days after the payment of wages on October 20 are 6 days.

Reference no: EM132606165

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Preparation of the financial statements for month of October

Reference no: EM132606165

Reference no: EM132606165

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