Question

In: Accounting

Trial balance March 31, 2019 Information Debit Credit Cash 10,800,000 Prepaid insurance 4,800,000 Equipment 120,000,000 Office...

Trial balance
March 31, 2019
Information
Debit
Credit
Cash
10,800,000
Prepaid insurance
4,800,000
Equipment
120,000,000
Office supplies
2,600,000
Accounts payable
79,200,000
Capital
58,000,000
Income
9,000,000
Salary expense
6,400,000
Electrical Load
1,600,000
AMOUNT
146,200,000
146,200,000
Additional customization information:

The insurance premium rate is IDR 400,000 per month.

The remaining equipment in the warehouse until March 31, 2019 is IDR 2,000,000.

Equipment depreciation per month of IDR 1,800,000.

The interest accrued by the company on trade payables on March 31, 2019 is IDR 1,000,000.

Question: Make a work sheet for the above transactions

Solutions

Expert Solution

Unadjusted Trial Balance Adjustment Adjusted Trial Balance
Account Title Debit Credit Debit Credit Debit Credit
Cash    1,08,00,000                    -       1,08,00,000.00                         -  
Prepaid insurance       48,00,000                    -         48,00,000                         -                           -  
Equipment 12,00,00,000                    -         18,00,000        11,82,00,000                         -  
Office supplies       26,00,000                    -          26,00,000.00                         -  
Accounts payable                    -      7,92,00,000       10,00,000                         -       8,02,00,000.00
Capital                    -      5,80,00,000                         -       5,80,00,000.00
Income                    -         90,00,000       76,00,000                         -          14,00,000.00
Salary expense       64,00,000                    -          64,00,000.00                         -  
Electrical Load       16,00,000                    -          16,00,000.00                         -  
Amount 14,62,00,000 14,62,00,000       76,00,000       76,00,000 13,96,00,000.00 13,96,00,000.00

Notes-

1. Assumed that prepaid insurance pertains to insurance premium paid at the beginning of the year. Same has been expensed over the 12 month period and charged to income statement.

2.Depreciation on equipment being additional information has been charged to income and the same amount has been reduced from equipment.

3. Interest on accounts payable has been added to the balance of account payables and equal charge has been expensed to the income.

ekkarill92 answered 1 year ago
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