ATIKAH BEAUTY SALON

INCOME STATEMENT
FOR THE MONTH ENDED JULY 31, 2006
Rp.
Fees Earned 12,000,000
Operating expenses :
Rent expense 1,700,000
Advertising expense 1,800,000
Utilities expense 2,000,000
Salaries expense 2,800,000
Supplies expense 1,500,000
Depreciation expense of equipment 50,000
Total operating expenses 9,850,000
Net Income 2,150,000

ATIKAH BEAUTY SALON

STATEMENT OF OWNER'S EQUITY
FOR THE MONTH ENDED JULY 31, 2006
Rp.
Atikah Capital, July 1,2006 (beginning Capital) 10,000,000
Net Income for the month 2,150,000
Less Drawing (1,500,000)
Increase in Owner's Equity 650,000
Atikah Capital, July 31,2006( Ending Capital) 10,650,000
 ATIKAH BEAUTY SALON
STATEMENT OF FINANCIAL POSITION
PER JULY 31, 2006

Assets Rp. Liabilities Rp.

Cash 4,700,000
Accounts Receivable 4,000,000 Accounts Payable 1,000,000
Supplies 1,000,000
Equipment 2,000,000 Owner's Equity
less Acc.depr of eq. (50,000) 1,950,000 Atikah Capital 10,650,000
Total Liabilities and
Total Assets 11,650,000 Owner's Equity 11,650,000

ATIKAH BEAUTY SALON

STATEMENT OF CASH FLOWS
FOR THE MONTH ENDED JULY 31, 2006
Cash Flow from operating activities :
Cash received from customers 8,000,000
Deduct cash payment for expenses and (9,800,000)
payment to creditor
Net Cash flow from operating activities : (1,800,000)
Cash payment for acquisition of Equipment (2,000,000)
Cash received as owner's investment 10,000,000
Deduct cash withdrawal by owner (1,500,000)
Net cash flow from financing activities 8,500,000
Net cash flow and July 31,2006 cash balance 4,700,000
 STUDY KASUS 1
ATIKAH BEAUTY SALON
Business Transactions and the Accounting Equation

Assets Liabilities Owner's Equity

DATE = +
CASH + A/R + Supplies + Equipment - Acc. Depr A/P Atikah Capital
2006
1-Jul 10,000,000 10,000,000
3-Jul (2,000,000) 2,000,000
8,000,000 2,000,000 10,000,000
5-Jul (1,500,000) 1,500,000
6,500,000 1,500,000 2,000,000 10,000,000
10-Jul (1,700,000) (1,700,000) Rent Expense
4,800,000 1,500,000 2,000,000 8,300,000
15-Jul (1,800,000) (1,800,000) Advertising expense
3,000,000 1,500,000 2,000,000 6,500,000
22-Jul 8,000,000 8,000,000 Fees earned
11,000,000 1,500,000 2,000,000 14,500,000
23-Jul (2,000,000) (2,000,000) Utilities expense
9,000,000 1,500,000 2,000,000 12,500,000
24-Jul 1,000,000 1,000,000
9,000,000 2,500,000 2,000,000 1,000,000 12,500,000
25-Jul (1,500,000) (1,500,000) Atikah Drawing
7,500,000 2,500,000 2,000,000 1,000,000 11,000,000
27-Jul 4,000,000 4,000,000 Fees earned
7,500,000 4,000,000 2,500,000 2,000,000 1,000,000 15,000,000
29-Jul (2,800,000) (2,800,000) Salaries Expense
4,700,000 4,000,000 2,500,000 2,000,000 1,000,000 12,200,000
31-Jul (1,500,000) (1,500,000) Supplies Expense
4,700,000 4,000,000 1,000,000 2,000,000 1,000,000 + 10,700,000
31-Jul (50,000) (50,000) Depr. exp. of equipment
4,700,000 4,000,000 1,000,000 2,000,000 (50,000) 1,000,000 10,650,000
11,650,000 = 11,650,000
 ATIKAH BEAUTY SALON
nsactions and the Accounting Equation
 ATIKAH BEAUTY SALON
ANALIZE TRANSACTION AND JOURNAL ENTRIES
PER 30 JULY 2006
Date DESCRIPTION Post Ref DEBIT CREDIT
2006 1 Cash 11 Rp 10,000,000
JULY Atikah Capital 31 Rp 10,000,000
3 Equipment 14 Rp 2,000,000
Cash 11 Rp 2,000,000
5 Supplies 13 Rp 1,500,000
Cash 11 Rp 1,500,000
10 Rent Expense 51 Rp 1,700,000
Cash 11 Rp 1,700,000
15 Advertising Expense 52 Rp 1,800,000
Cash 11 Rp 1,800,000
22 Cash 11 Rp 8,000,000
Fees Earned 41 Rp 8,000,000
23 Utilities Expense 53 Rp 2,000,000
Cash 11 Rp 2,000,000
24 Supplies 13 Rp 1,000,000
Account Payable 21 Rp 1,000,000
25 Atika's Drawing 32 Rp 1,500,000
Cash 11 Rp 1,500,000
27 Account Receivable 12 Rp 4,000,000
Fees Earned 41 Rp 4,000,000
29 Salaries Expense 54 Rp 2,800,000
Cash 11 Rp 2,800,000
31 Supplies Expense 55 Rp 1,500,000
Supplies 13 Rp 1,500,000
31 Depreciation Expense of Equipment 56 Rp 50,000
Accumulated Depr. of Equipment 15 Rp 50,000
SALDO Rp 37,850,000 Rp 37,850,000
 ATIKAH BEAUTY SALON
LEDGER
PER 30 JULY 2006
Akun : Cash Account No. 11
BALANCE
Date Description Ref Post Debit Credit
Debit Credit
2006 1 Atikah Capital Rp 10,000,000 Rp 10,000,000
July 3 Equipment Rp 2,000,000 Rp 8,000,000
5 Supplies Rp 1,500,000 Rp 6,500,000
10 Rent Expense Rp 1,700,000 Rp 4,800,000
15 Advertising Expense Rp 1,800,000 Rp 3,000,000
22 Fees Earned Rp 8,000,000 Rp 11,000,000
23 Utilities Expense Rp 2,000,000 Rp 9,000,000
25 Atikah's Drawing Rp 1,500,000 Rp 7,500,000
29 Salaries Expense Rp 2,800,000 Rp 4,700,000

Akun : Account Receivable Account No. 12

BALANCE
Date Description Ref Post Debit Credit
Debit Credit
2006
27 Fees Earned Rp 4,000,000 Rp 4,000,000
July

Akun : Supplies Account No. 13

BALANCE
Date Description Ref Post Debit Credit
Debit Credit
2006 5 Cash Rp 1,500,000 Rp 1,500,000
July 24 Account Payable Rp 1,000,000 Rp 2,500,000
31 Supplies Expense Rp 1,500,000 Rp 1,000,000
Akun : Equipment Account No. 14
BALANCE
Date Description Ref Post Debit Credit
Debit Credit
2006
3 Cash Rp 2,000,000 Rp 2,000,000
July

Akun : Accumulated Depreciation of Equipment Account No. 15

BALANCE
Date Description Ref Post Debit Credit
Debit Credit
2006
31 Depreciation Expense of Equipment Rp 50,000 Rp 50,000
July

Akun : Account Payable Account No. 21

BALANCE
Date Description Ref Post Debit Credit
Debit Credit
2006
July 24 Supplies Rp 1,000,000 Rp 1,000,000

Akun : Atikah Capital Account No. 31

BALANCE
Date Description Ref Post Debit Credit
Debit Credit
2006
July 1 Cash Rp 10,000,000 Rp10,000,000
Akun : Atikah Drawing Account No. 32
BALANCE
Date Description Ref Post Debit Credit
Debit Credit
2006
July 25 Cash Rp 1,500,000 Rp 1,500,000

Akun : Fees Earned Account No. 41

BALANCE
Date Description Ref Post Debit Credit
Debit Credit
2006 22 Cash Rp 8,000,000 Rp 8,000,000
July 27 Account Receivable Rp 4,000,000 Rp12,000,000

Akun : Rent Expense Account No. 51

BALANCE
Date Description Ref Post Debit Credit
Debit Credit
2006
July 10 Cash Rp 1,700,000 Rp 1,700,000

Akun : Advertising Expense Account No. 52

BALANCE
Date Description Ref Post Debit Credit
Debit Credit
2006
July 15 Cash Rp 1,800,000 Rp 1,800,000
Akun : Utilities Expense Account No. 53
BALANCE
Date Description Ref Post Debit Credit
Debit Credit
2006
July 23 Cash Rp 2,000,000 Rp 2,000,000

Akun : Salaries Expense Account No. 54

BALANCE
Date Description Ref Post Debit Credit
Debit Credit
2006
July 29 Cash Rp 2,800,000 Rp 2,800,000

Akun : Supplies Expense Account No. 55

BALANCE
Date Description Ref Post Debit Credit
Debit Credit
2006
July 31 Cash Rp 1,500,000 Rp 1,500,000

Akun : Depreciation Supplies Of Equipment Account No. 56

BALANCE
Date Description Ref Post Debit Credit
Debit Credit
2006
31 Accumulated Depr. Of Equipment Rp 50,000 Rp 50,000
July 31 Accumulated Depr. Of Equipment Rp 50,000 Rp 50,000
 ATIKAH BEAUTY SALON
TRIAL BALANCE BEFORE ADJUSTMENT
PER 30 JULY 2006

No Account Saldo Debit Saldo Credit

1 Cash Rp 4,700,000
2 Account Receivable Rp 4,000,000
3 Supplies Rp 1,000,000

4 Equipment Rp 2,000,000
5 Acumulated Depreciation of Equipment Rp 50,000
6 Account Payable Rp 1,000,000
7 Atikah Capital Rp 10,000,000
8 Atikah Drawing Rp 1,500,000
9 Fees Earned Rp 12,000,000
10 Rent Expense Rp 1,700,000
11 Advertising Expense Rp 1,800,000
12 Utilities Expense Rp 2,000,000
13 Salaries Expense Rp 2,800,000
14 Supplies Expense Rp 1,500,000
15 Depreciation Expense of Equipment Rp 50,000

SALDO Rp 23,050,000 Rp 23,050,000