LATIHAN PRAKTIKUM AKUNTANSI KEUANGAN LANJUTAN FATA 2019

LATIHAN LAB 1
HOME OFFICE AND BRANCH OFFICE

PT ADHI MEDIKA INDONESIA

Jl. Daan Mogot Km. 10 Kedaung Kali Angke, Cengkareng West Jakarta, 19710

Phone: (021) 19042622 Fax: (021) 19032766

One of the short-term goals of PT Adhi Medika Indonesia (Adhimed) is to maximize

intense internal growth with product quality and customer satisfaction. PT Adhimed
decided to open a branch office in Bandar Lampung on the 2nd of December 2022.
Presented below is the Statement of Financial Position of PT Adhimed on December 1,
2022.
PT Adhi Medika Indonesia
Statement of Financial Position
At December 1, 2022
(In Million Rupiah)
Assets
Cash 21.000
Accounts Receivable-net 780
Inventories 22.000
Notes Receivable-net 7.200
Other Current Assets 9.960
Land 18.260
Buildings-net 57.600
Equipment-net 86.400
Total Assets 223.200

Liabilities and Equity

Accounts Payable 11.290
Mortgage Payable 48.200
Capital Stock 77.987
Additional Paid-in Capital 39.973
Retained Earnings December 1, 2022 45.750
Total Liabilities and Equity 223.200

ADIVA – FARHAN – NADYA FATA 2019

LATIHAN PRAKTIKUM AKUNTANSI KEUANGAN LANJUTAN FATA 2019

The following were transactions and events during December 2022 that affect branch offices
(In Million Rupiah):
December 2 Home Office transferred Rp11.200 cash and Rp1.800 equipment.
December 4 Branch Office paid Rp3.000 cash to purchased merchandise from Diza Wholesaler.

December 6 Received shipment from Home Office billed at Rp4.500 which included a mark-up
of 25%.

December 7 Remitted Rp875 to Home Office.

December 8 Has been paid by Home Office at the amount Rp415 for rent expense for Bandar
Lampung Branch Office.

December 11 Returned 10% of the merchandise received from Home Office.

December 14 Branch Office sold merchandise to customers on account, for Rp8.900.

December 17 Branch Office paid Rp700 for advertising, 50% of which was home office expense.

December 22 Branch Office collected Rp1.200 of accounts receivable.

December 23 Branch Office sold merchandise to Jean Company on account, for Rp4.000.

December 25 Received notice that the Home Office had collected Rp1.600 from previous sales.

December 26 Branch Office sold merchandise for Rp2.200 to customers on account.

December 27 Branch Office purchased merchandise from PT Koila for Rp3.225 cash.

December 29 Several expenses in the Branch Office have been paid by Home Office. The
amount of those expenses were:
- Utilities expense Rp80
- Maintenance expense Rp64

December 30 Collected a note for the Home Office for Rp2.800 excluding interest of Rp140.

December 31 The ending inventory for the Branch Office was Rp1.950. (30% of Branch’s
ending inventory was acquired from Home Office).

ADIVA – FARHAN – NADYA FATA 2019

 LATIHAN PRAKTIKUM AKUNTANSI KEUANGAN LANJUTAN FATA 2019

Additional Information: (In Million Rupiah)

HO BO
All of sales transactions were
Sales on account 42.000 15.100
on account and purchase
Ending Inventory at Dec 31, 2022 3.000 1.950
transactions at home office
Purchase 11.000 6.225
were on account.
Building: 240
Depreciation Expense 15
Equipment: 480

Instructions:
Based on your Tugas Lab 1 answer, please prepare the working paper entries, cost of sales
calculations, and combining working papers with trial balance approach. (Hint! Retained
earnings account on adjusting and closing entries for home office was Rp20.854)

ADIVA – FARHAN – NADYA FATA 2019

JAWABAN PRAKTIKUM AKUNTANSI KEUANGAN LANJUTAN FATA 2019

JAWABAN LATIHAN LAB 1

HOME OFFICE AND BRANCH OFFICE

- Working Paper Entries (In Million Rupiah)

a. To eliminate loading in branch in current period
Loading in Branch 810
Cost of Sales 810
b. To eliminate loading in branch in ending inventory
Cost of Sales 117
Inventories 117
c. To eliminate reciprocal account
Home Office 17.724
Bandar Lampung Branch 17.724

- Cost of Sales Calculations (In Million Rupiah)

HO BO
Inventory Dec 1, 2022 22.000
Purchases 11.000 6.225
Shipments to Branch -3.240
Shipments from Home 4.050
Goods Available for Sale 29.760 10.275
Inventory Dec 31, 2022 -3.000 -1.950
Cost of Sales 26.760 8.325

ADIVA – FARHAN – NADYA FATA 2019

JAWABAN PRAKTIKUM AKUNTANSI KEUANGAN LANJUTAN FATA 2019

PT ADHI MEDIKA INDONESIA HOME OFFICE AND BRANCH WORKING PAPERS

FOR THE YEAR ENDED DECEMBER 31, 2022

(In Million Rupiah)

Bandar Adjustments and Income Statement of

Home Office Lampung Eliminations Statement Financial

Branch Position

Debits Debit Credit

Cash 11.716 7.540 19.256
Accounts Receivable-net 42.780 12.300 55.080
Inventories 3.000 1.950 b 117 4.833
Notes Receivable-net 4.400 4.400
Other Current Assets 9.960 9.960
Land 18.260 18.260
Buildings-net 57.360 57.360
Equipment-net 84.120 1.785 85.905
Bandar Lampung Branch 17.724 c 17.724 -
Cost of Sales 26.760 8.325 b 117 a 810 (34.392)
Rent Expense 415 (415)
Advertising Expense 350 350 (700)
Depreciation Expense 720 15 (735)
Utilities Expense 80 (80)

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JAWABAN PRAKTIKUM AKUNTANSI KEUANGAN LANJUTAN FATA 2019

Maintenance Expense 64 (64)

277.150 32.824 255.054
Credits
Accounts Payable 22.290 22.290
Mortgage Payable 48.200 48.200
Loading in Branch 810 a 810 -
Home Office 17.724 c 17.724 -
Capital Stock 77.987 77.987
Additional Paid-in Capital 39.973 39.973
Retained Earnings Dec 1, 2022 45.750 45.750
Sales 42.000 15.100 57.100
Interest Revenue 140 140

277.150 32.824
Net Income 20.854 20.854
255.054

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JAWABAN PRAKTIKUM AKUNTANSI KEUANGAN LANJUTAN FATA 2019

PT Adhi Medika Indonesia

Statement of Financial Position
At December 31, 2022
(In Million Rupiah)
Assets
Cash 19.256
Accounts Receivable-net 55.080
Inventories 4.833
Notes Receivable-net 4.400
Other Current Asset 9.960
Land 18.260
Buildings-net 57.360
Equipment-net 85.905
Total Assets 255.054

Liabilities and Equity

Accounts Payable 22.290
Mortgage Payable 48.200
Capital Stock 77.987
Additional Paid-in Capital 39.973
Retained Earnings 66.604
Total Liabilities and Equity 255.054

ADIVA – FARHAN – NADYA FATA 2019