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Transaction :

11/1 Cinta cita deposited Rp. 25.000.000 In a bank account in the name of SolusiNet.
11/5 SolusiNet paid Rp. 20.000.000 for the purchase of land as a future building site.
11/10 SolusiNet Purchased supplies on account for Rp. 1.350.000
11/18 SolusiNet received cash of Rp.7.500.000 from customers for services provided.
11/30 SolusiNet Incurred the following expenses : wages Rp. 2.125.000; rent Rp.
800,000; utilities Rp. 450.000; and miscellaneous Rp. 275.000
11/30 SolusiNet paid creditors on account Rp. 950.000,-
11/30 Cinta Cita determined that the cost of supplies on hand at November 30 was Rp.
550,000,-
11/30 Cinta Cita withdrew Rp. 2.000.000 from SolusiNet for personal use.

JOURNAL Page : 1
Date Description Post. Debit Credit
Ref.
Nov 1 Cash 11 25.000.000
Cinta Cita, Capital 31 25.000.000

5 Land 17 20.000.000
Cash 11 20.000.000

10 Supplies 14 1.350.000
Accounts Payable 21 1.350.000

18 Cash 11 7.500.000
Fees Earned 41 7.500.000

30 Wages Expense 51 2.125.000


Rent Expense 52 800.000
Utilities Expense 54 450.000
Miscellaneous Expense 59 275.000
Cash 11 3.650.000

30 Accounts Payable 21 950.000


Cash 11 950.000

30 Supplies Expense 55 800.000


Supplies 14 800.000

30 Cinta Cita, Drawing 32 2.000.000


Cash 11 2.000.000
Transaction :
12/1 SolusiNet paid a premium of Rp. 2.400.000 for an insurance policy for liability,
theft, and fire. The policy covers a one-year period.
12/1 SolusiNet paid rent for December Rp. 800.000. The company from which
SolusiNet is renting its office space now requires the payment of rent on the first
of each month, rather than at the end of the month.
12/1 SolusiNet received an offer from a local retailer to rent the land purchased on
November 5. The retailer plans to use the land as a parking lot for its employees
and customers. SolusiNet agreed to rent the land to the retailer for three months,
with the rent payable in advance. SolusiNet received Rp. 360.000 for three
months’ rent beginning December 1.
12/4 SolusiNet purchased office equipment on account from PT Tunas Jaya for Rp.
1.800.000
12/6 SolusiNet paid Rp. 180.000 for newspaper advertisement.
12/11 SolusiNet paid creditors Rp. 400.000.
12/13 SolusiNet paid a receptionist and a part-time assistant Rp. 950.000 for two weeks’
wages.
12/16 SolusiNet received Rp.3.100.000 from fees earned for the first half of December.
12/16 Fess earned on account totaled Rp. 1.750.000 for the first half of December.
12/20 SolusiNet paid Rp. 900.000 to PT Tunas Jaya on the Rp. 1.800.000 debt owed
from the December 4 transaction.
12/21SolusiNet received Rp. 650.000 from customers in payment of their accounts.
12/23SolusiNet paid Rp. 1.450.000 for supplies
12/27SolusiNet paid the receptionist and the part-time assistant Rp. 1.200.000 fot two
weeks’ wages.
12/31SolusiNet paid its Rp. 310.000 telephone bill for the month.
12/31SolusiNet paid its Rp. 225.000 electric bill for the month.
12/31SolusiNet received Rp. 2.870.000 from fees earned for the second half of
December.
12/31SolusiNet fees earned on account totaled Rp. 1.120.000 for the second half of
December.
12/31Cinta Cita withdrew Rp. 2.000.000 for personal use.
JOURNAL Page : 1
Date Description Post. Debit Credit
Ref.
Des. 1 Prepaid Insurance 15 2.400.000
Cash 11 2.4000.000

1 Rent Expense 52 800.000


Cash 11 800.000

1 Cash 11 360.000
Unearned Rent 23 360.000

4 Office Equipment 18 1.800.000


Accounts Payable 21 1.800.000

6 Miscellaneous Expense 59 180.000


Cash 11 180.000

11 Accounts Payable 21 400.000


Cash 11 400.000

13 Wages Expense 51 950.000


Cash 11 950.000

16 Cash 11 3.100.000
Fees Earned 41 3.100.000

16 Accounts Receivable 12 1.750.000


Fees Earned 41 1.750.000

20 Accounts Payable 21 900.000


Cash 11 900.000

21 Cash 11 650.000
Accounts Receivable 12 650.000

23 Supplies 14 1.450.000
Cash 11 1.450.000

27 Wages Expense 51 1.200.000


Cash 11 1.200.000

31 Utilities Expense 54 310.000


Cash 11 310.000

JOURNAL Page : 1
Date Description Post. Debit Credit
Ref.
Dec 31 Utilities Expense 54 225.000
Cash 11 225.000

31 Cash 11 2.870.000
Fess Earned 41 2.870.000

31 Accounts Receivable 12 1.120.000


Fees Earned 41 1.120.000

31 Cinta Cita, Drawing 32 2.000.000


Cash 11 2.000.000

1. CASH
25.000.000 20.000.000
7.500.000 3.650.000
360.000 950.000
3.100.000 2.000.000
650.000 2.400.000
2.870.000 800.000
180.000
400.000
950.000
900.000
1.450.000
1.200.000
310.000
225.000
2.000.000

2. ACC. RECEIVABLE
1.750.000 650.000
1.120.000

3. SUPPLIES
1.350.000 800.000
1.450.000
4. PREPAID INSURANCE
2.400.000

5. LAND
20.000.000

6. OFFICE EQUIPMENT
1.800.000

7. ACC. PAYABLE
950.000 1.350.000
400.000 1.800.000
900.000

8. UNEARNED RENT
360.000

9. CINTA CITA. CAPITAL


25.000.000

10. CINTA CITA, DRAWING


2.000.000
2.000.000

11. FEES EARNED


7.500.000
3.100.000
1.750.000
2.870.000
1.120.000

12. WAGES EXPENSE


2.125.000
950.000
1.200.000

13. RENT EXPENSE


800.000
800.000

14. UTILITIES EXPENSE


450.000
310.000
225.000

15. SUPPLIES EXPENSE


800.000

16. MICELLANEOUS EXPENSE


275.000
180.000

NetSolutions
Work Sheet
For the Two Month Ended December 31, 2017
Account Title Trial Balance
Cash 2,065
Accounts Receiva 2,220
Supplies 2,000
Prepaid Insurance 2,400
Land 20,000
Office Equipment 1,800
Accounts Payable 900
Unearned Rent 360
Chris Clark,Capita 25,000
Chris Clark, Drawi 4,000
Fees Earned 16,340
Wages Expense 4,275
Rent Expense 1,600
Utilities Expense 985
Supplies Expense 800
Miscell. Expense 455

42.600 42.600

NetSolutions
Work Sheet
For the Two Month Ended December 31, 2017
Account Title Trial Balance Adjustments Adjustments Income Balance
Trial Balance Statement Sheet
Cash 2,065
Accounts Receiva 2,220
Supplies 2,000
Prepaid Insurance 2,400
Land 20,000
Office Equipment 1,800
Accounts Payable 900
Unearned Rent 360
Chris Clark,Capita 25,000
Chris Clark, Drawi 4,000
Fees Earned 16,340
Wages Expense 4,275
Rent Expense 1,600
Utilities Expense 985
Supplies Expense 800
Miscellan.Expense 455

42.600 42.600

Adjustments :
a. The supplies account has a debit balance of $ 2,000. The cost of the supplies on hand et
the end of the period is $ 760
b. The prepaid insurance account has a debit balance of $ 2,400, which represents the
prepayment of insurance for 24 months beginning December 1. Thus, the insurance
expense for December is $ 100 (2,400:24).
c. the unearned rent account has a credit balance of $360. Which represents the receipt of
three months’ rent, beginning with December.Thus the rent revenue for December is
$120.
d. Wages accrued but not paid at the end of December total $250. This amount is an
increase in expenses and an increase in liabilities.
e. Fees accrued at the end of December but not recorded total $500.
f. Depreciation of the office equipment is $ 50 for December.
J O U R N A L Adjusting Entries
Page : 1
Date Description Ref Debit Credit
Dec.
31 Supplies Expense 1,240
Supplies 1,240

31 Insurance Expense 100


Prepaid Insurance 100

31 Unearned Rent 120


Rent Revenue 120

31 Wages Expense 250


Wages Payable 250

31 Accounts Receivable 500


Fees Earned 500

31 Depreciation Expense 50
Accumulated Dep.- 50
Off.Equipment
NetSolutions
Work Sheet
For the Two Month Ended December 31, 2017
Account Title Trial Balance Adjustments Adjustments Income Balance
Trial Balance Statement Sheet
Cash 2,065
Accounts Receiva 2,220 500
Supplies 2,000 1,240
Prepaid Insurance 2,400 100
Land 20,000
Office Equipment 1,800
Accounts Payable 900
Unearned Rent 360 120
Chris 25,000
Clark,Capita
Chris Clark, Draw 4,000
Fees Earned 16,340 500
Wages Expense 4,275 250
Rent Expense 1,600
Utilities Expense 985
Supplies Expense 800 1.240
Miscell. Expense 455
42.600 42.600
Insurance 100
Expense
Rent Revenue 120
Wages Payable 250
Dep. Expense 50
Acc.Depreciation 50
2,260 2,260