Group quiz 1 Class:

Utu issued 50 shares for IDR 10000, which was used to buy 50 lunc boxes @ 10000/box
Every day he sold 50 lunch boxes at IDR 15,000, for the whole semester.
One semester= 5 months; one month= 30 days; tax= 40%; operating expenses is 5% sales
10% of every box sold on cash will be counted as Utu's share of salary
Instructions:
a. Prepare the accounting template for Utu corp. establishment, operation and liquidation
b. Prepare the template for the calculation for each stock value upon liquidation
if 35% of Utu purchases and 15% of sales is on account, and only 60% receivable was collected.
quantity Price
Issued shares 50 10,000 Lamanya penjualan
Payment 50 10,000 Bulan
Sell 50 15,000 1 Bulan/hari
Total Lama penjualan
Tax 40%
Operating Expenses 5% of sales Trial B
Salary Expenses 10% of sales Klabat C

a. Cash and Bank

Journal Entry Inventory
Cash 500,000 Common Stock
Capital Stock 500,000 Sales Revenue
Inventory (Lunch Box) 75,000,000 Cost of Goods sold
Cash 75,000,000 Operating Expenses
Cost of goods sold 75,000,000 Salary Expnenses
Inventory (Lunch Box) 75,000,000
Cash 112,500,000
Sales Revenue 112,500,000
Operating Expenses 5,625,000
Cash 5,625,000
Salary Expenses 11,250,000
Cash 11,250,000
Income Tax Expeneses 8,250,000
Tax Payable 8,250,000

Income Statement

Revenue :
Sales Revenue 112,500,000
Cost of Goods Sold 75,000,000
Gross Profit 37,500,000
Expenses :
Operating Expenses 5,625,000
Salary Expenses 11,250,000 16,875,000
Income before Income Tax 20,625,000
Income Tax 40% 8,250,000
Net Income 12,375,000
LQV 257,500

b.
s collected.

amanya penjualan
5
1 Bulan/hari 30
Total Lama penjualan 150

Trial Balance
Klabat Corporation
Dr. Cr.
Cash and Bank 21,125,000.00
Inventory -
Common Stock 500,000.00
Sales Revenue 112,500,000.00
Cost of Goods sold 75,000,000.00
Operating Expenses 5,625,000.00
Salary Expnenses 11,250,000.00

113,000,000.00 113,000,000.00

BALANCE SHEET
KLABAT CORPORATION
31-Dec-19

ASSET
Cash and Bank 21,125,000.00
 Inventory -
TOTAL CURRENT ASSET 21,125,000.00
NET FIXED ASSET -
TOTAL ASSET 21,125,000.00

LIABILITIES AND EQUITIES

Tax Payable 8,250,000.00
TOTAL LIABILITIES 8,250,000.00
Common Stock 500,000.00
Paid in-Capital -
Retained Earnings 12,375,000.00
TOTAL EQUITIES 12,875,000.00
TOTAL LIABILITIES AND EQUITY 21,125,000.00
Answer B
quantity Price
Issued shares 50 10,000
Payment 50 10,000
Sell 50 15,000

Tax 40%
Operating Expenses 5% of sales
Salary Expenses 10% of sales
On Acc.
Purchases 35%
Sales 15%
Collected Acc. 60%

Journal Entry Income Statem

Cash 500,000
Capital Stock 500,000 Revenue :
Inventory (Lunch Box) 75,000,000 Sales Revenue
Accounts Payable 26,250,000 Cost of Goods Sold
Cash 48,750,000 Gross Profit
Cost of goods sold 75,000,000 Expenses :
Inventory (Lunch Box) 75,000,000 Operating Expenses
Cash 95,625,000 Salary Expenses
Accounts Receivable 16,875,000 Income before Income Tax
Sales Revenue 112,500,000 Income Tax
Cash 10,125,000 Net Income
Accounts Receivable 10,125,000 LQV
Operating Expenses 5,625,000
Cash 5,625,000
Salary Expenses 11,250,000
Cash 11,250,000
Income Tax Expeneses 75,000,000
Tax Payable 75,000,000

Trial Balance
Klabat Corporation
Dr. Cr.
Cash and Bank 40,625,000.00
Accounts Receivable 6,750,000.00
Inventory -
Accounts Payable 26,250,000.00
Common Stock 500,000.00
Sales Revenue 112,500,000.00
Cost of Goods sold 75,000,000.00
Operating Expenses 5,625,000.00
Salary Expnenses 11,250,000.00

139,250,000.00 139,250,000.00

Worksheet Dr. Cr.

Cash 500,000 48,750,000
95,625,000 5,625,000
10,125,000 11,250,000
26,250,000.00
8,250,000
6,125,000
LQV 122,500
 Lamanya penjualan
Bulan 5
1 Bulan/hari 30
Total Lama penjualan 150

Income Statement

112,500,000
oods Sold 75,000,000
37,500,000

g Expenses 5,625,000
11,250,000 16,875,000
efore Income Tax 20,625,000
40% 8,250,000
12,375,000
257,500

BALANCE SHEET
KLABAT CORPORATION
31-Dec-19

ASSET
Cash and Bank 40,625,000
Accounts Receivable 6,750,000
Inventory -
TOTAL CURRENT ASSET 47,375,000
 NET FIXED ASSET -
TOTAL ASSET 47,375,000

LIABILITIES AND EQUITIES

Accounts Payable 26,250,000
Tax Payable 8,250,000
TOTAL LIABILITIES 34,500,000
Common Stock 500,000
Retained Earnings 12,375,000
TOTAL EQUITIES 12,875,000
TOTAL LIABILITIES AND EQU 47,375,000