Berikut ini data terkait PT AAA

Cash 50,000
Notes Receivable 150,000
Accounts Receivable 100,000
Supplies 3,000
Merchandise Inventory 300,000
Prepaid Rent 10,000
Equipment 10,000
Accumulated Depreciation-Equipment 2,000
Vehicle 30,000
Notes Payable 120,000
Accounts Payable 11,000
Share-Ordinary 500,000
Retained Earning 20,000
Purchase 300,000
Freight-in 20,000
Purchase Discount 10,000
Purchase Return 10,000
Sales 400,000
Sales Discount 10,000
Sales Return 90,000

Additional information:
a) Supplies on hand 1000
b) Ending inventory 120000
c) Rent for 1 year since 1 Oct 2017
d) Depreciation exp per year:
Equipment 2,000
Vehicle 5,000
e) Notes Receivable 12%, 120 days, issuance date 1 Nov
f) Acrual interest of Notes Payable 1500

Required:
a) Prepare adjusting entries
b) Prepare worksheet
c) Prepare income statement, change's of owner equity, and statement of financial position
d) Prepare closing entries
e) Prepare reversing entries
 Supplies Expense 2,000
a Supplies 2,000

Income Summary 300,000

Merchandise Inventory 300,000
Merchandise Inventory 120,000
b Income Summary 120,000

c Rent Expense 2,500

Prepaid Rent 2,500

d Depreciation Expense 7,000

Accumulated Depreciation-Equipment 2,000
Accumulated Depreciation-Vehicle 5,000

e Interest Receivable 3,000

Interest Revenue 3,000

f Interest Expense 1,500

Interest Payable 1,500
 Adjusted T/B Income Statement Statement of F/P
Accounts Dr. Cr. Dr. Cr. Dr. Cr.
Cash 50,000 50,000
Notes Receivable 150,000 150,000
Accounts Receivable 100,000 100,000
Supplies 1,000 1,000
Merchandise Inventory 120,000 120,000
Prepaid Rent 7,500 7,500
Equipment 10,000 10,000
Accumulated Depreciation-Equipment 4,000 4,000
Vehicle 30,000 30,000
Notes Payable 120,000 120,000
Accounts Payable 11,000 11,000
Share-Ordinary 500,000 500,000
Retained Earning 20,000 20,000
Purchase 300,000 300,000
Freight-in 20,000 20,000
Purchase Discount 10,000 10,000
Purchase Return 10,000 10,000
Sales 400,000 400,000
Sales Discount 10,000 10,000
Sales Return 90,000 90,000

Supplies Expense 2,000 2,000

Income Summary 300,000 120,000 300,000 120,000
Rent Expense 2,500 2,500
Depreciation Expense 7,000 7,000
Accumulated Depreciation-Vehicle 5,000 5,000
Interest Revenue 3,000 3,000
Interest Receivable 3,000 3,000
Interest Expense 1,500 1,500
Interest Payable 1,500 1,500
1,204,500 1,204,500 733,000 543,000 471,500 661,500
Loss 190,000 190,000
733,000 733,000 661,500 661,500
c)
PT AAA
Income Statement
For the year ended Dec 31, 2017

Sales 400,000
Sales Discount 10,000
Sales Return 90,000
(100,000)
Net Sales 300,000
Cost of Goods Sold:
Merchandise Inventory (beginning) 300,000
Purchase 300,000
Freight-in 20,000
320,000
Purchase Discount 10,000
Purchase Return 10,000
(20,000)
Net Purchase 300,000
Goods available for sale 600,000
Merchandise Inventory ending (120,000)
COGS (480,000)
Gross Profit (loss) (180,000)
Operating Expenses:
Supplies Expense 2,000
Rent Expense 2,500
Depreciation Expense 7,000
Total Operating Expenses (11,500)
Operating income (loss) (191,500)
Other revenue and expense:
Interest Revenue 3,000
Interest Expense (1,500)
1,500
Net Income (Loss) (190,000)