Case 1 (Accounting Equation)

Miss Bina and Miss Mina and start new business named CV. BIMN on 5 January 2017. It’s cleaning and
laundry services. To start the business, they made some transaction:
1. The Company issued 4000 ordinary shares for € 40.000 cash (Bina and Mina have 2000 shares
each)
2. The Company purchased Cleaning & Laundry equipment € 8.000 on credit to Toko Elektronik
Maksi
3. The company paid € 1.250 for this month’ rent.
4. The company bought laundry supplies for € 1,500 cash.
5. The Company performed service for € 2000 on account to Hotel Isona.
6. The company received €4,000 cash in exchange for services performed.
7. The company paid €850 for employee salaries.

Instruction:
a. Make financial statement assume that BIMN has monthly financial statement.
b. Make trial balance, assume that BIMN has quarterly financial statement.
Case 2 (journal)
Base on January balance (Case 1 point 2), PT BIMN operate its business for year. On February 2017 its
balance shown below:

CV BIMN
31 Januari 2017
No Account Balance
101 Cash € 40,400.00
201 Account Receivable € 2,000.00
301 Supplies € 1,500.00
401 Equipment € 8,000.00
501 Rent Expense € 1,250.00
503 Salaries Expese € 850.00
601 Account Payable € 8,000.00
701 Share Capital € 40,000.00
801 Service revenue € 6,000.00

Additional Account:
303 Prepaid Insurance
403 Accumulated Depreciation- Equipment (Laundry/Cleaning)
404 Accumulated Depreciation- Equipment (Delivery)
507 Depreciation Expense
508 Supplies Expense
603 Salaries Payable
604 Dividend Payable
Additional Information (general ledger)

Cash
No. 101
Date Expalnation Ref Debit Credit Balance
Jan-17 31 € 40,400
Feb-17 1 € 24,000 € 16,400
2 € 1,200 € 15,200
3 € 2,000 € 17,200
3 € 5,000 € 12,200
3 € 3,000 € 15,200
5 € 6,000 € 21,200
6 € 4,000 € 17,200
8 € 2,500 € 19,700
9 € 5,000 € 24,700
10 € 1,000 € 25,700
12 € 10,000 € 15,700
12 € 1,000 € 14,700
25 € 3,000 € 11,700
27 € 4,000 € 15,700
Mar-17 1 € 12,000 € 3,700
2 € 8,000 € 11,700
5 Utilities € 800 € 10,900
7 PT Astra € 8,000 € 2,900
8 € 2,500 € 5,400
11 € 750 € 6,150
13 € 500 € 5,650
15 € 2,750 € 8,400
16 € 500 € 7,900
20 € 2,000 € 5,900
25 € 3,500 € 2,400
30 € 2,500 € 4,900
30 € 2,000 € 2,900

Account Receivable
No. 201
Date Expalnation Ref Debit Credit Balance
Jan-17 31 € 2,000
Feb-17 2 Shin Hotel € 5,000 € 7,000
3 Hotel Isona € 2,000 € 5,000
3 Hotel Salam € 1,000 € 6,000
10 € 1,000 € 5,000
8 Hotel Halimun € 4,000 € 9,000

Supplies
No. 301
Date Expalnation Ref Debit Credit Balance
Jan-17 31 € 1,500
Feb-17 6 € 4,000 € 5,500
 Prepaid Rent
No. 302
Date Expalnation Ref Debit Credit Balance
Jan-17 31 € -
Feb-17 1 € 24,000 € 24,000

Equipment- Laundry /Cleaning

No. 402
Date Expalnation Ref Debit Credit Balance
Jan-17 31 € 8,000

Equipment- Delivery
No. 402
Date Expalnation Ref Debit Credit Balance
Jan-17 31 € -
Mar-17 1 € 20,000 € 20,000

Land
No. 401
Date Expalnation Ref Debit Credit Balance
Jan-17 31 € -
Feb-17 12 € 10,000 € 10,000

Insurance Expense
No. 502
Date Expalnation Ref Debit Credit Balance
Jan-17 31 € -
Feb-17 2 € 1,200 € 1,200

Rent Expense
No. 501
Date Expalnation Ref Debit Credit Balance
Jan-17 31 € 1,250

Salaries Expense
No. 503
Date Expalnation Ref Debit Credit Balance
Jan-17 31 € 850
Feb-17 25 € 3,000 € 3,850
Mar-17 25 € 3,500 € 7,350
 Utilities Expense
No. 504
Date Expalnation Ref Debit Credit Balance
Jan-17 31 € -
Mar-17 5 € 800 € 800

Advertising Expense
No. 502
Date Expalnation Ref Debit Credit Balance
Jan-17 31 € -
Mar-17 6 € 500 € 500

Maintenenance Expense
No. 506
Date Expalnation Ref Debit Credit Balance
Jan-17 31 € -
Mar-17 13 € 500 € 500

Account Payabale
No. 601
Date Expalnation Ref Debit Credit Balance
Jan-17 31 € 8,000
Feb-17 3 PT Imaksi € 5,000 € 3,000
12 PT Imaksi € 1,000 € 2,000
Mar-17 1 PT ASTRA € 8,000 € 10,000
6 Hotel & Leasure Magazine € 500 € 10,500
7 PT ASTRA € 8,000 € 2,500
12 Laundry Supplies Shop € 1,500 € 4,000
16 Hotel & Leasure Magazine € 500 € 3,500
30 PT Imaksi 2000 € 1,500
Unearned Revenue
No. 602
Date Expalnation Ref Debit Credit Balance
Jan-17 31 € -
Feb-17 5 Barokah Hotel € 6,000 € 6,000
11 Barokah Hotel( 30% finished) € 1,800 € 7,800
2 Hotel Hidayah (4 moth laundry sevice) € 8,000 € 15,800
5 Barokah Hotel( 20% finished) € 1,200 € 14,600
10 Barokah Hotel( 50% finished-completed) € 3,000 € 11,600

Share Capital
No. 701
Date Expalnation Ref Debit Credit Balance
Jan-17 31 € 40,000
 Sevice Revenue
No. 802
Date Expalnation Ref Debit Credit Balance
Jan-17 31 € 6,000
Feb-17 2 Shin Hotel € 5,000 € 11,000
3 Hotel Salam € 4,000 € 15,000
8 € 2,500 € 17,500
9 € 5,000 € 22,500
11 Barokah Hotel( 30% finished) € 1,800 € 24,300
27 Hotel Sakinah( 1 month laundy service) € 4,000 € 28,300
Mar-17 5 Barokah Hotel( 20% finished) € 1,200 € 29,500
8 Hotel Halimun € 4,000 € 33,500
8 € 2,500 € 36,000
10 Barokah Hotel( 50% finished-completed) € 3,000 € 39,000
11 € 750 € 39,750
15 Hotel Clove-clening all beds/10 days € 2,750 € 42,500
30 € 2,500 € 45,000

Deviden
No. 901
Date Expalnation Ref Debit Credit Balance
Mar-17 31 € 40,000

Instruction:
Based on 31 January and March 2017 trial balance, make journals and provide information on the
transaction that have occurred!
Case 3 Adjustment

Notes:
1. Prepaid rent is office rent, paid by BIMN for 2 years since 1 February 2017
2. Insurance Expense is insurance paid by BIMN for 6-month employee’s health insurance.
3. Laundry Equipment has 5-year economic life, no residual value and BIMN use straight-line
method
4. Delivery Equipment has 10-year economic life, each has 1000 residual Value, straight-line
method