PERUSAHAAN JAYA

ADJUSTMENT JOURNAL
DECEMBER 31, 2019

Date Explanation Ref Debit

2019 31 Cost of Merchandise Sold Rp 3,350,000
Dec Merchandise Inventory

31 Store Supplies Expense Rp 7,900,000

Store Supplies
Office Supplies Expense Rp 8,500,000
Office Supplies

31 Insurance Expense Rp 2,400,000

Prepaid Insurance

31 Depreciation Expense - Store Equipment Rp 1,000,000

Accumulated Depreciation - Store Equipment
Depreciation Expense - Office Equipment Rp 1,500,000
Accumulated Depreciation - Office Equipment

31 Interest Expense Rp 460,000

Interest Payable

31 Store Salaries Expense Rp 3,000,000

Office Salaries Expense Rp 7,000,000
Salaries Payable

31 Prepaid Rent Rp 2,000,000

Rent Expense

31 Unearned Rent Rp 2,000,000

Rent Revenue

31 VAT Out Rp 17,000,000

VAT In
VAT Payable
TOTAL Rp 56,110,000
 Credit

Rp 3,350,000

Rp 7,900,000

Rp 8,500,000

Rp 2,400,000

Rp 1,000,000

Rp 1,500,000

Rp 460,000

Rp 10,000,000

Rp 2,000,000

Rp 2,000,000

Rp 15,000,000
Rp 2,000,000
Rp 56,110,000
 PER

For The Yea

Unadjusted Trial Balance

Account Name
Debit Credit
Cash Rp 100,000,000
Account Receivable Rp 87,750,000
Merchandise Inventory Rp 61,350,000
Store Supplies Rp 12,900,000
Office Supplies Rp 13,000,000
Prepaid Insurance Rp 4,800,000
VAT In Rp 15,000,000
Store Equipment Rp 10,000,000
Accumluated Depreciation - Store Equipment Rp 1,000,000
Office Equipment Rp 15,000,000
Accumulated Depreciation Office Equipment Rp 1,500,000
Account Payable Rp 29,050,000
Notes Payable Rp 20,500,000
Unearned Rent Rp 4,000,000
VAT Out Rp 17,000,000
Jaya Capital Rp 150,000,000
Prive Rp 8,000,000
Sales Rp 250,000,000
Sales Return and Allowance Rp 4,000,000
Sales Discount Rp 2,000,000
Cost of Merchandise Sold Rp 80,000,000
Store Salaries Expense Rp 19,900,000
Store Supplies Expense Rp 3,500,000
Rent Expense Rp 3,000,000
Advertising Expense Rp 2,500,000
Freight Out Rp 130,000
Offiice Salaries Expense Rp 18,300,000
Office Supplies Expense Rp 8,000,000
Utilities Expense Rp 400,000
Misscellaneous Expense Rp 600,000
Interest Expense Rp 2,920,000
TOTAL Rp 473,050,000 Rp 473,050,000
Prepaid Rent
Salaries Payable
Interest Payable
VAT Payable
Depreciation Expense - Strore Equipment
Depreciation Expense - Office Equipment
Insurance Expense
Rent Revenue
 TOTAL
Net Income
 PERUSAHAAN JAYA
WORKSHEET
For The Year Ended December 31, 2019

Adjustment Adjusted Trial Balance Income Statement

Debit Credit Debit Credit Debit
Rp 100,000,000
Rp 87,750,000
Rp 3,350,000 Rp 58,000,000
Rp 7,900,000 Rp 5,000,000
Rp 8,500,000 Rp 4,500,000
Rp 2,400,000 Rp 2,400,000
Rp 15,000,000 Rp -
Rp 10,000,000
Rp 1,000,000 Rp 2,000,000
Rp 15,000,000
Rp 1,500,000 Rp 3,000,000
Rp 29,050,000
Rp 20,500,000
Rp 2,000,000 Rp 2,000,000
Rp 17,000,000 Rp -
Rp 150,000,000
Rp 8,000,000
Rp 250,000,000
Rp 4,000,000 Rp 4,000,000
Rp 2,000,000 Rp 2,000,000
Rp 3,350,000 Rp 83,350,000 Rp 83,350,000
Rp 3,000,000 Rp 22,900,000 Rp 22,900,000
Rp 7,900,000 Rp 11,400,000 Rp 11,400,000
Rp 2,000,000 Rp 1,000,000 Rp 1,000,000
Rp 2,500,000 Rp 2,500,000
Rp 130,000 Rp 130,000
Rp 7,000,000 Rp 25,300,000 Rp 25,300,000
Rp 8,500,000 Rp 16,500,000 Rp 16,500,000
Rp 400,000 Rp 400,000
Rp 600,000 Rp 600,000
Rp 460,000 Rp 3,380,000 Rp 3,380,000

Rp 2,000,000 Rp 2,000,000
Rp 10,000,000 Rp 10,000,000
Rp 460,000 Rp 460,000
Rp 2,000,000 Rp 2,000,000
Rp 1,000,000 Rp 1,000,000 Rp 1,000,000
Rp 1,500,000 Rp 1,500,000 Rp 1,500,000
Rp 2,400,000 Rp 2,400,000 Rp 2,400,000
Rp 2,000,000 Rp 2,000,000
Rp 56,110,000 Rp 56,110,000 Rp 471,010,000 Rp 471,010,000 Rp 178,360,000
Rp 73,640,000
Rp 252,000,000
Income Statement Statement of Fiancial Position
Credit Debit Credit
Rp 100,000,000
Rp 87,750,000
Rp 58,000,000
Rp 5,000,000
Rp 4,500,000
Rp 2,400,000
Rp -
Rp 10,000,000
Rp 2,000,000
Rp 15,000,000
Rp 3,000,000
Rp 29,050,000
Rp 20,500,000
Rp 2,000,000
Rp -
Rp 150,000,000
Rp 8,000,000
Rp 250,000,000

Rp 2,000,000
Rp 10,000,000
Rp 460,000
Rp 2,000,000

Rp 2,000,000
Rp 252,000,000 Rp 292,650,000 Rp 219,010,000
Rp 73,640,000
Rp 252,000,000 Rp 292,650,000 Rp 292,650,000
 PERUSAHAAN JAYA
INCOME STATEMENT
For The Year Ended December 31,2019
SALES REVENUE
Sales Rp 250,000,000
Sales Return and Allowance Rp (4,000,000)
Sales Discount Rp (2,000,000)
NET SALES Rp 244,000,000
Cost of Merchandise Sold Rp (83,350,000)
GROSS PROFIT Rp 160,650,000

OPERATING EXPENSE
Sales Expense
Store Salaries Expense Rp 22,900,000
Store Supplies Expense Rp 11,400,000
Rent Expense Rp 1,000,000
Advertising Expense Rp 2,500,000
Freight Out Rp 130,000
Depreciation Expense - Store Equipment Rp 1,000,000
Total Sales Expense Rp 38,930,000

General and Administration Expense

Office Salaries Expense Rp 25,300,000
Office Supplies Expense Rp 16,500,000
Utilities Expense Rp 400,000
Depreciation Expense - Office Equipment Rp 1,500,000
Insurance Expense Rp 2,400,000
Misscellaneous Expense Rp 600,000
Total General & Administration Expense Rp 46,700,000
Total Operating Expense Rp 85,630,000
INCOME FROM OPERATING Rp 75,020,000

Other Income & Other Expense

Rent Revenue Rp 2,000,000
Interest Expense Rp 3,380,000
Total Other Income & Other Revenue Rp (1,380,000)
NET INCOME Rp 73,640,000
 PERUSAHAAN JAYA
Statement Of Owner's Equity
For The Year Ended December 31,2019
Jaya Capital December 1, 2019 Rp 150,000,000
Net Income Rp 73,640,000
Less : Prive Rp (8,000,000)
Increase Of Owner's Equity Rp 65,640,000
Jaya Capital December 31, 2019 Rp 215,640,000
 PERUSAHAAN JAYA
STATEMENT OF FINANCIAL POSITION
DECEMBER 31, 2019
ASSETS LIABILITIES & EQUITY
Current Assets Liabilities
Cash Rp 100,000,000
Account Receivable Rp 87,750,000
Merchandise Inventory Rp 58,000,000
Store Supplies Rp 5,000,000
Office Supplies Rp 4,500,000
Prepaid Insurance Rp 2,400,000
Prepaid Rent Rp 2,000,000 Total Liabilities
Total Current Assets Rp 259,650,000

Fixed Assers
Store Equipment Rp 10,000,000 Equity
Accumulated Depreciation - Store Equipment Rp (2,000,000)
Office Equipment Rp 15,000,000 Total Equity
Accumulated Depreciation - Office Equipment Rp (3,000,000)
Total Fixed Assets Rp 20,000,000
TOTAL ASSETS Rp 279,650,000 TOTAL LIABILITIES &
AAN JAYA
ANCIAL POSITION
R 31, 2019
LIABILITIES & EQUITY
Liabilities
Account Payable Rp 29,050,000
Notes Payable Rp 20,500,000
Unearned Rent Rp 2,000,000
Salaries Payable Rp 10,000,000
Interest Payable Rp 460,000
VAT Payable Rp 2,000,000
Total Liabilities Rp 64,010,000

Equity
Jaya Capital December 31, 2019 Rp 215,640,000
Total Equity Rp 215,640,000

TOTAL LIABILITIES & EQUITY Rp 279,650,000

 PERUSAHAAN JAYA
CLOSING ENTRIES
DECEMBER 31, 2019

Date Explanation Ref Debit

Dec 31 Sales Rp 250,000,000
2019 Rent Revenue Rp 2,000,000
Income Summary

31 Income Summary Rp 178,360,000

Sales Return & Allowance
Sales Discount
Cost of Merchandise Sold
Store Salaries Expense
Store Supplies Expense
Rent Expense
Advertisng Expense
Freight Out
Office Salaries Expense
Office Supplies Expense
Utilities Expense
Misscellaneous Expense
Interest Expense
Depreciation Expense - Store Equipment
Depreciation Expense - Office Equipment
Insurance Expense

31 Income Summary Rp 73,640,000

Jaya Capital

31 Jaya Capital Rp 8,000,000

Prive
TOTAL Rp 512,000,000
 Credit

Rp 252,000,000

Rp 4,000,000
Rp 2,000,000
Rp 83,350,000
Rp 22,900,000
Rp 11,400,000
Rp 1,000,000
Rp 2,500,000
Rp 130,000
Rp 25,300,000
Rp 16,500,000
Rp 400,000
Rp 600,000
Rp 3,380,000
Rp 1,000,000
Rp 1,500,000
Rp 2,400,000

Rp 73,640,000

Rp 8,000,000
Rp 512,000,000
 PERUSAHAAN JAYA
POST CLOSING TRIAL BALANCE
DECEMBER 31,2019

Account Name Debit Credit

Cash Rp 100,000,000
Account Receivable Rp 87,750,000
Merchandise Inventory Rp 58,000,000
Store Supplies Rp 5,000,000
Office Supplies Rp 4,500,000
Prepaid Insurance Rp 2,400,000
Prepaid Rent Rp 2,000,000
VAT In
Store Equipment Rp 10,000,000
Accumlated Depreciation - Store Equipment Rp 2,000,000
Office Equipment Rp 15,000,000
Accumlated Depreciation - Office Equipment Rp 3,000,000
Account Payable Rp 29,050,000
Notes Payable Rp 20,500,000
Unearned Rent Rp 2,000,000
Salaries Payable Rp 10,000,000
Interest Payable Rp 460,000
VAT Out
VAT Payable Rp 2,000,000
Jaya Capital Rp 215,640,000
TOTAL Rp 284,650,000 Rp 284,650,000