CoA Accounts

1 Cash
1 Accounts Receivable
1 Allowance for Doubtful Accounts
1 Office Supplies
1 Inventory
1 Equipment
1 Accumulated Depreciation - Equipment
1 Buildings
1 Accumulated Depreciation - Buildings
2 Accounts Payable
2 Salaries and Wages Payable
2 Advance from Customer
3 Share Capital - Ordinary
3 Retained Earnings
4 Sales Revenue
4 Service Revenue
5 Cost of Goods Sold
5 Salaries and Wages Expense
5 Selling Expense
5 Advertising Expense
5 General and Administration Expense
5 Office Supplies Expense
5 Bad Debt Expense
5 Depreciation Expense
 PT CAHAYA
WORKSHEET
PER 31 DESEMBER 2017
Unadjusted Trial Balance
No Accounts
Dr Cr
1 Cash Rp 615,000
2 Accounts Receivable Rp 669,000
3 Allowance for Doubtful Accounts Rp 37,500
4 Office Supplies Rp 120,000
5 Inventory Rp 1,282,500
6 Equipment Rp 1,500,000
7 Accumulated Depreciation - Equipment Rp 171,875
8 Buildings Rp 3,000,000
9 Accumulated Depreciation - Buildings Rp 137,500
10 Accounts Payable Rp 315,000
11 Salaries and Wages Payable Rp -
12 Advance from Customer Rp 133,500
13 Share Capital - Ordinary Rp 5,250,000
14 Retained Earnings Rp 985,125
15 Sales Revenue Rp 1,567,500
16 Service Revenue Rp -
17 Cost of Goods Sold Rp 940,500
18 Salaries and Wages Expense Rp 195,000
19 Selling Expense Rp 160,500
20 Advertising Expense Rp 72,000
21 General and Administration Expense Rp 43,500
22 Office Supplies Expense Rp -
23 Bad Debt Expense Rp -
24 Depreciation Expense Rp -
TOTAL Rp 8,598,000 Rp 8,598,000
T CAHAYA
ORKSHEET
DESEMBER 2017
Adjustment Adjusted Trial Balance
Dr Cr Dr Cr
Rp 615,000
Rp 7,500 Rp 676,500
Rp 25,315 Rp 62,815
Rp 74,750 Rp 45,250
Rp 1,282,500
Rp 1,500,000
Rp 187,500 Rp 359,375
Rp 3,000,000 Rp -
Rp 150,000 Rp 287,500
Rp 315,000
Rp 33,753 Rp 33,753
Rp 120,150 Rp 13,350
Rp 5,250,000
Rp 985,125
Rp 120,150 Rp 1,687,650
Rp 7,500 Rp 7,500
Rp 940,500
Rp 33,753 Rp 228,753
Rp 160,500
Rp 72,000
Rp 43,500
Rp 74,750 Rp 74,750
Rp 25,315 Rp 25,315
Rp 337,500 Rp 337,500
Rp 598,968 Rp 598,968 Rp 9,002,068 Rp 9,002,068
 ADJUSTING ENTRIES
No Accounts Dr Cr
1 Office Supplies Expense Rp 74,750
Office Supplies Rp 74,750
2 Advance from Customer Rp 120,150
Sales Revenue Rp 120,150
3 Salaries and Wages Expense Rp 33,753
Salaries and Wages Payable Rp 33,753
4 Accounts Receivable Rp 7,500
Service Revenue Rp 7,500
5 Depreciation Expense Rp 337,500
Accumulated Depreciation - Equipment Rp 187,500
Accumulated Depreciation - Buildings Rp 150,000
6 Bad Debt Expense Rp 25,315
Allowance for Doubtful Accounts Rp 25,315
*saldo awal-saldo akhir office supplies
= Rp120.000-Rp45.250
= (90%*Rp133.500)

*sales revenue ditambahkan dengan adjusting entries no 2

=12,5%*Rp1.500.000
=5%*Rp3.000.000
=1,5%*Rp1.687.650
 PT Motorisma Syantik
1 Statement of Comprehensive Income
For the year ended 31 December 2017
Sales revenue Rp164,860
Sales return and allowance Rp140
Sales discounts Rp89 Rp229
Net Sales Rp164,631
Cost of goods sold Rp75,146
Gross profit Rp89,485
Operating expenses
Selling expenses
Marketing fee Rp234
Advertising and promotion expense Rp189
Total selling expenses Rp423
General and administration expenses
Depreciation of fixed asset Rp3,120
Telephone, electricity, and water Rp725
Repair and maintenance expense Rp401
Salaries and other allowance Rp1,863
Management fee Rp861
Total general and administration expenses Rp6,970
Other income and expense
Income from discount on insurance Rp162
Interest on bonds and notes Rp54
Unrealized gain (loss) on trading securities Rp88
Scrap sales Rp59
Loss on disposal of fixed assets and investment properties Rp54
Total other income and expense Rp309 Rp7,084
Operating Income Rp82,401
Financing cost
Finance cost from related parties Rp1,745
Income before tax Rp80,656
Income tax (25%) Rp20,164
Income from continuing operation Rp60,492
Discontinued operation
Gain (loss) on discontinued operations, net of tax Rp59
Net Income Rp60,551
Other comprehensive income
Gain (loss) on exchange on foreign currency translation Rp265
Surplus on revaluation fixed assets Rp17
Unrealized gain (loss) on available-for-sale securities Rp15
Gain (loss) on cash flow hedges Rp140
Total other comprehensive income Rp127
Tax on other comprehensive income Rp23 Rp104
Comprehensive income Rp60,655
 PT Motorisma Syantik
2 Statement of Financial Position
As of December 31, 2017
ASSETS LIABILITIES
Current Asset Non-current liabilities
Cash and cash equivalents $22,456 Long-term lease obligation
Current financial assets trading investments $49 Other long-term financial liabilities
Unbilled receivables related parties $79 Notes payable
Prepaid expenses $753 Bonds
Trade receivables related parties $1,385 Current Liabilities
Dividend and interest receivables $105 Deferred revenue
Inventories $256 Deposits receivables from customers
Non-current assets Accounts payable
PPE Deferred tax liabilities
Land $24,978 Advance from cutomers
Office $28,456 Salaries and wages payable
Accumulated depreciation-Office $2,645 Provision related to premium
Buildings $18,265 Provision related to warranties
Accumulated depreciation-Buildings $1,565 Trade payable related parties
Intagible Asset Short term loans
Lisence $5,123 Interest payable
Trade mark $26,789 Current accrued expenses
Goodwill $63,524 Total Liabilities
Other non-current asset
Other non-current receivables related parties $915
Non-current finance lease receivables $18,456 EQUITY
Other non current financial assets $142 Share captial-preference
Deferred tax assets $4,251 Share premium-preference
Long term investment Share capital-ordinary
Land held for future development $8,613 Share premium-ordinary
Investment in available-for-sale securities $27,929 Treasury Shares
Retained Earnings*
Total Equity

Total Assets $248,314 Total Equity + Liabilities

$1,487
$2,871
$3,708
$3,789
$4,405
$5,871
$6,124
$6,412
$9,051
$189
$678
$2,547
$96,771

$48,957
$11,897
$39,481
$9,874
$840
$42,174 *=$248.314-$206.140
$151,543 $42,174

$248,314
Tanggal Accounts Dr Cr AFD
2017 10-Oct
2-Sep Accounts Receivable Rp20,000,000
Sales Revenue Rp20,000,000
10-Sep Accounts Receivable Rp6,500,000
Allowance of Doubtful Accounts Rp6,500,000
Cash Rp6,500,000
Accounts Receivable Rp6,500,000
2-Oct Notes Receivable (10%, per semester) Rp20,000,000 Accounts Re
Cash Rp20,000,000 1-Sep
10-Oct Allowance of Doubtful Accounts Rp1,000,000 2-Sep
Accounts Receivable Rp1,000,000 10-Sep
2-Nov Notes Receivable (9%, 6 bulan) Rp20,000,000
Accounts Receivable Rp20,000,000
10-Nov Cash Rp15,000,000 31-Dec
Due from Factor (10% kas) Rp1,500,000
Loss on Sale of Receivable Rp3,500,000
Accounts Receivable Rp20,000,000
30-Nov Cash Rp14,700,000
Bank Service Charge Rp300,000
Notes Payable Rp15,000,000
24-Dec Cash Rp2,500,000
Notes Payable Rp7,500,000
Accounts Receivable Rp10,000,000
30-Dec Cash Rp1,500,000
Due from Factor (10% kas) Rp1,500,000
31-Dec Bad Debt Expense Rp4,000,000
Allowance of Doubtful Accounts Rp4,000,000
31-Dec Interest Receivable Rp500,000 =10%*3/12*Rp20.000.000
Interest Revenue Rp500,000
31-Dec Interest Receivable Rp300,000 =9%*2/12*Rp20.000.000
Interest Revenue Rp300,000
 AFDA
Rp1,000,000 Rp15,400,000 1-Sep
Rp6,500,000 10-Sep
Rp20,900,000 31-Dec
Rp4,000,000 31-Dec *adjusting entries
Rp24,900,000 31-Dec

Accounts Receivable
Rp280,000,000 Rp6,500,000 10-Sep
Rp20,000,000 Rp1,000,000 10-Oct
Rp6,500,000 Rp20,000,000 2-Nov
Rp20,000,000 10-Nov
Rp10,000,000 24-Dec
Rp249,000,000

12*Rp20.000.000

2*Rp20.000.000
Recorded Investment $5,000,000
Less : PVIF of $5.000.000 due in 3 years at 8%
=$5.000.000*(1/(1,08^3)) $3,969,161
PVIFA of Interest receivable annually for 3
years at 8%
=$250.000((1-(1/1,08^3))/8%) $644,274 $4,613,435
Loss on impairment $386,565

Journal Entry
Bad Debt Expense $386,565
Allowance for Doubtful Accounts $386,565
 Nomor 1
Tanggal Accounts Dr Cr
2017
1-Nov Inventory $ 250,000
Cash $50,000
Accounts Payable $200,000 *1/30, n/60
5-Nov Machinery $ 500,000
Cash $50,000
Notes Payable (1 tahun,11%) $450,000
15-Nov Accounts Payable $ 200,000
Cash $198,000
Inventory $2,000
25-Nov Salaries and Wages Expense $ 75,000
Income tax payable $3,750
Health insurance payable $1,875
Pension payable $1,500
Cash $67,875
Sales salaries expense $ 45,000
Administrative salaries expense $ 125,000
Salaries and Wages Payable $170,000
31-Dec Interest expense $ 8,250 =11%*$450.000*2/12
Interest payable $8,250
31-Dec Depreciation Expense $ 7,500 =($500.000-$50.000)/10
Accumulated Depreciation-Machinery $7,500

Nomor 2
Tanggal Accounts Dr Cr
5-Dec Waste treatment $ 1,552
Liability Environment $1,552
31-Dec Interest Expense $ 13 =10%*$1.552*1/12
Liability Environment $13
31-Dec Depreciation Expense $ 26 =$1552/5*1/12
Accumulated Depreciation-Waste Treatment $26
*1/30, n/60

=11%*$450.000*2/12

=($500.000-$50.000)/10

=10%*$1.552*1/12

=$1552/5*1/12
 Tanggal Accounts Dr Cr
2-Nov Inventory-Blender Rp 10,000,000
Cash Rp 10,000,000
29-Nov Cash Rp 34,000,000
Sales Revenue Rp 33,500,000
Unearned Warranty Rp 500,000
Warranty Expense Rp 1,675,000
Provision related to warranty Rp 1,675,000
Premium Expense Rp 2,000,000 =(Rp33.500.000/Rp500.000)=67 kupon*
Provision related to premium Rp 2,000,000
5-Dec Cash Rp 80,400,000
Sales Revenue Rp 80,000,000
Unearned Warranty Rp 400,000
Warranty Expense Rp 4,000,000
Provision related to warranty Rp 4,000,000
Premium Expense Rp 4,800,000 =(Rp80.000.000/Rp500.000)=160kupon*
Provision related to premium Rp 4,800,000
12-Dec Provision related to warranty Rp 450,000
Cash, Inventory, Accrued payroll Rp 450,000
18-Dec Provision related to premium Rp 2,400,000
Inventory-Blender Rp 2,400,000
22-Dec (No entry related law suit because of 10% is possible not probable)
Consultant fee Rp 1,500,000
Cash Rp 1,500,000
*No adjusting related to warranty because the warranty would expire after 6 months. (after the free warranty expired)
00.000/Rp500.000)=67 kupon*75%, 50 kupon/5=10 blender

00.000/Rp500.000)=160kupon*75%,120 kupon/5=24 blender

free warranty expired)