PT ABC

GENERAL JOURNAL
JANUARY 31, 2022

Date Account Title Debit Credit

4/1/2022 Account receivable Rp 35,500,000
Sales Rp 35,500,000
Cost of good sold 24,000,000
Inventory 24,000,000
4/9/2022 Inventory 10,750,000
Cash 10,750,000
4/15/2022 Cash 10,000,000
Account receivable 10,000,000
4/17/2022 Cash 15,000,000
Sales 15,000,000
Cost of good sold 12,000,000
Inventory 12,000,000
4/20/2022 Sales return and allowance 1,500,000
Inventory 1,500,000
4/21/2022 Inventory 53,500,000
Account payable 53,500,000
4/26/2022 Account payable 5,000,000
Cash 5,000,000
4/27/2022 Sales return and allowance 1,000,000
Inventory 1,000,000
4/29/2022 Salary expense 8,550,000
Cash 8,550,000
4/29/2022 Tax expense 1,550,000
Tax payable 1,550,000
TOTAL

Error #VALUE!
 PT ABC
GENERAL LEDGER
JANUARY 31, 2022

Cash Account receivable Inventory

Rp 10,000,000 Rp 10,750,000 Rp 35,500,000 Rp 10,000,000 Rp 10,750,000
15,000,000 5,000,000 Rp 25,500,000 53,500,000
8,550,000
Rp 700,000
Rp 25,750,000

Account payable Tax payable Cost of good sold

Rp 5,000,000 Rp 53,500,000 Rp 1,550,000 Rp 24,000,000
Rp 48,500,000 12,000,000
Rp 36,000,000

Sales Sales return and allowance Salary expense

Rp 35,500,000 Rp 1,500,000 Rp 8,550,000
15,000,000 1,000,000
Rp 50,500,000 Rp 2,500,000

Tax expense
Rp 1,550,000
 PT ABC
TRIAL BALANCE
JANUARY 31, 2022

Inventory Account Title Debit Credit

Rp 24,000,000 Cash Rp 700,000
12,000,000 Account receivable 25,500,000
1,500,000 Inventory 25,750,000
1,000,000 Account payable Rp 48,500,000
Tax payable 1,550,000
Sales 50,500,000
Cost of good sold Cost of good sold 36,000,000
Sales return and allowance 2,500,000
Salary expense 8,550,000
Tax expense 1,550,000
Total
Salary expense
 PT ABC PT ABC
INCOME STATEMENT STATEMENT OF CHANGES IN EQUITY
JANUARY 31, 2022 JANUARY 31, 2022

Sales Rp 50,500,000 Owner's equity, January 1, 2022 Rp -

Cost of good sold 36,000,000 Net income 1,900,000
Sales return and allowance 2,500,000 Owner's equity, January 31, 2022 Rp 1,900,000
Gross profit 12,000,000
Salary expense 8,550,000
Income before tax 3,450,000 Error #VALUE!
Tax expense 1,550,000
Net income Rp 1,900,000
 PT ABC
STATEMENT OF FINANCIAL POSITION
JANUARY 31, 2022

ASSET
Cash Rp 700,000
Account receivable 25,500,000
Inventory 25,750,000
TOTAL ASSET Rp 51,950,000

LIABILITY
Account payable Rp 48,500,000
Tax payable 1,550,000
EQUITY
Owner's equity 1,900,000
TOTAL LIABILITY AND EQUITY Rp 51,950,000
 Salesperson September October November
Watson $124,192.00 $156,934.00 $110,239.00
Chang $189,264.00 $204,718.00 $156,823.00
Hassan $205,127.00 $198,323.00 $207,182.00
Krzywinksi $103,284.00 $164,728.00 $189,317.00
Smith $184,280.00 $102,847.00 $178,230.00
December
$160,304.00
$210,472.00
$159,827.00
$174,625.00
$201,842.00