PT FLORIST GUMP

Memorial Journal (ADJUSTMENT)

December 2020
Page :
DOC.
DATE DESCRIPTION REF DEBET CREDIT
NO.
31-Dec-20 01/BM Cost of Goods Sold 5-100 800,000.00
Merchandise Inventory 1-1105 800,000.00
Office Suplies Expense 6-2106 2,560,000.00
Office Supplies 1-1106 2,560,000.00
Prepaid Income Tax 1-1108 3,000,000.00
Income tax Payable 6-2104 3,000,000.00
RENT Expense 6-1104 14,000,000.00
Prepaid rent 1-1109 14,000,000.00
12/31/2020 02/BM cash In Bank 1-1101 435,000.00
Bank Charge 9-1000 15,000.00
Interest Revenue 8-1000 450,000.00
bad debt expense 6-1101 10,924,000.00
allowance for doubtful account 1-1103 10,924,000.00
12/31/2020 03/BM Sallaries Expense 6-2100 152,800,000.00
Income Tax Payable 2-1103 3,820,000.00
Sallaries payable 2-1101 148,980,000.00
depreciation expense - vehicles 6-1102 4,687,500.00
depreciation expense - equipment 6-2105 112,500,000.00
accumulated Depreciation - Vehicles 1-2102 4,687,500.00
accumulated Depreciation - equipment 1-2104 112,500,000.00
12/31/2020 04/BM Income tax expense 6-2104 1,950,000.00
Income tax payable 2-1103 1,950,000.00
303,671,500.00 303,671,500.00

TOTAL 303,671,500.00 303,671,500.00

 PT FLORIST GUMP
WORKSHEET
December 31, 2020
Trial Balance Adjusting Journal Entries Adjusted Trial Balance Income Statement Statement of Financial Position
Acc. No. Desc.
DEBET CREDIT DEBET CREDIT DEBET CREDIT DEBET CREDIT DEBET CREDIT
1-1100 Petty Cash 10,000,000 - 10,000,000 10,000,000
1-1101 Cash In Bank 925,000,000 - 435,000 925,435,000 925,435,000
1-1102 Accounts Receivable 366,480,000 - 366,480,000 366,480,000
1-1103 Allowance for Doubtful Accounts - 7,400,000 10,924,000 18,324,000 18,324,000
1-1104 Employee Receivable 2,500,000 - 2,500,000 2,500,000
1-1105 Merchandise Inventory 156,300,000 - 800,000 155,500,000 155,500,000
1-1106 Office Supplies 7,280,000 - 2,560,000 4,720,000 4,720,000
1-1107 Value Added Tax - In (VAT-In) 339,920,000 - 339,920,000 339,920,000
1-1108 Prepaid Income Tax - - 3,000,000 3,000,000 3,000,000
1-1109 Prepaid Rent 42,000,000 - 14,000,000 28,000,000 28,000,000
1-2100 Land 1,000,000,000 - 1,000,000,000 1,000,000,000
1-2101 Vehicles 450,000,000 - 450,000,000 450,000,000
1-2102 Accumulated Depreciation - Vehicles - - 4,687,500 4,687,500 4,687,500
1-2103 Equipment 450,000,000 - 450,000,000 450,000,000
1-2104 Accumulated Depreciation - Equipment - 263,125,000 112,500,000 375,625,000 375,625,000
2-1100 Accounts Payable - 101,600,000 101,600,000 101,600,000
2-1101 Salaries Payable - - 148,980,000 148,980,000 148,980,000
2-1102 Value Added Tax - Out (VAT - Out) - 424,900,000 424,900,000 424,900,000
2-1103 Income Tax Payable - - 8,770,000 8,770,000 8,770,000
2-1104 Dividend Payable - 250,000,000 250,000,000 250,000,000
2-2100 Bank Loan - 140,000,000 140,000,000 140,000,000
3-1000 Share Capital - Ordinary - 1,575,000,000 1,575,000,000 1,575,000,000
3-1001 Share Premium - Ordinary - 305,000,000 305,000,000 305,000,000
3-1002 Retained Earnings - 617,885,000 617,885,000 617,885,000
3-1003 Dividend 250,000,000 - 250,000,000 250,000,000
3-1004 Income Summary - -
JUMLAH YANG DIPINDAHKAN 3,999,480,000 3,684,910,000 3,435,000 303,221,500 3,985,555,000 3,970,771,500 - - 3,985,555,000 3,970,771,500
 PT FLORIST GUMP
WORKSHEET
December 31, 2020
Trial Balance Adjusting Journal Entries Adjusted Trial Balance Income Statement Statement of Financial Position
Acc. No. Desc.
DEBET CREDIT DEBET CREDIT DEBET CREDIT DEBET CREDIT DEBET CREDIT
JUMLAH YANG DIPINDAHKAN 3,999,480,000 3,684,910,000 3,435,000 303,221,500 3,985,555,000 3,970,771,500 3,985,555,000 3,970,771,500
4-1000 Sales - 4,700,000,000 4,700,000,000 4,700,000,000
4-1001 Sales Discounts 180,540,000 - 180,540,000 180,540,000
4-1002 Sales Returns 270,460,000 - 270,460,000 270,460,000
5-1000 Cost of Good Sold 1,880,000,000 - 800,000 1,880,800,000 1,880,800,000
6-1101 Bad Debt Expense - - 10,924,000 10,924,000 10,924,000
6-1102 Depreciation Expense - Vehicles 13,750,000 - 4,687,500 18,437,500 18,437,500
6-1103 Advertising Expense 13,260,000 - 13,260,000 13,260,000
6-1104 Rent Expense 17,500,000 - 14,000,000 31,500,000 31,500,000
6-2100 Salaries Expense 1,680,800,000 - 152,800,000 1,833,600,000 1,833,600,000
6-2101 Utilities Expense 151,680,000 - 151,680,000 151,680,000
6-2102 Maintenance Expense 12,960,000 - 12,960,000 12,960,000
6-2103 Telecommunication Expense 11,320,000 - 11,320,000 11,320,000
6-2104 Income Tax Expense 7,920,000 - 1,950,000 9,870,000 9,870,000
6-2105 Depreciation Expense - Equipment 103,125,000 - 112,500,000 215,625,000 215,625,000
6-2106 Office Supplies Expense 4,710,000 - 2,560,000 7,270,000 7,270,000
6-2107 Other General & Administrative Expense 26,890,000 - 26,890,000 26,890,000
8-1000 Interest Revenue - 4,950,000 450,000 5,400,000 5,400,000
8-1001 Gain (Loss) on Sale of Fix Assets - 7,500,000 7,500,000 7,500,000
8-1002 Other Income - -
9-1000 Bank Charges 165,000 - 15,000 180,000 180,000
9-1001 Interest Expense 22,800,000 - 22,800,000 22,800,000
9-1002 Other Expense - -

TOTAL 8,397,360,000 8,397,360,000 303,671,500 303,671,500 8,683,671,500 8,683,671,500 4,698,116,500 4,712,900,000 3,985,555,000 3,970,771,500
14,783,500 14,783,500
4,712,900,000 4,712,900,000 3,985,555,000 3,985,555,000
 PT FLORIST GUMP
JALAN KAKTUS NO. 12
JAKARTA TIMUR

INCOME STATEMENT
For The Year Ended December 31, 2020
Sales Rp 4,700,000,000.00
Sales Return Rp 270,460,000
sales discount Rp 180,540,000 Rp 451,000,000.00
Nett sales Rp 4,249,000,000
Cost of goods sold
Cost of goods sold Rp 1,880,800,000
Gross Profit Rp 2,368,200,000.00
Expenses
Bad Debt Expense 10,924,000
Depreciation Expense - Vehicles 18,437,500
Advertising Expense 13,260,000
Rent Expense 31,500,000
Salaries Expense 1,833,600,000
Utilities Expense 151,680,000
Maintenance Expense 12,960,000
Telecommunication Expense 11,320,000
Depreciation Expense - Equipment 215,625,000
Office Supplies Expense 7,270,000
Other General & Administrative Expense 26,890,000
Amount Expenses Rp 2,333,466,500.00
Net Operating Income Rp 34,733,500
Other Operating income and expenses
Other Operating income
Interest Revenue 5,400,000
Gain (Loss) on Sale of Fix Assets 7,500,000 Rp 12,900,000
Other Operating expenses
Bank Charges 180,000
Interest Expense 22,800,000 Rp 22,980,000
Other Operating expenses Rp 10,080,000.00
Net Opearting before tax Rp 24,653,500.00
Income tax exxpense Rp 9,870,000
Net operating after tax Rp 14,783,500.00
 PT FLORIST GUMP
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED DECEMBER 31st 2020

Share Capital - Share Premium -

Description Retained Earning Total
Ordinary Ordinary

Beginning Balance, December 31, 2019 1,225,000,000 245,000,000 617,885,000 2,087,885,000

Capital Issuance 350,000,000 60,000,000

Net Income 14,783,500

Dividen 250,000,000

(235,216,500)
Ending Balance, December 31, 2020 1,575,000,000 305,000,000 382,668,500 2,262,668,500
 PT FLORIST GUMP
JALAN KAKTUS NO. 12
JAKARTA TIMUR

STATEMENT OF FINANCIAL POSITION

as of 31/12/2020

ASSETS 2020 2019 LIABILITIES 2020 2019

Current Assets : Current Liabilities :
Petty Cash Rp 10,000,000 Rp 10,000,000 Accounts Payable Rp 101,600,000 Rp 89,300,000
Cash In Bank Rp 925,435,000 Rp 740,286,000 Salaries Payable Rp 148,980,000 Rp 126,740,000
Accounts Receivable Rp 366,480,000 Rp 465,840,000 Value Added Tax - Out (VAT - Out) Rp 424,900,000 Rp 317,920,000
Allowance for Doubtful Accounts Rp (18,324,000) Rp (7,400,000) Income Tax Payable Rp 8,770,000 Rp 7,440,000
Employee Receivable Rp 2,500,000 Rp 5,000,000 Dividend Payable Rp 250,000,000 Rp 130,000,000
Merchandise Inventory Rp 155,500,000 Rp 147,800,000 Total Current Liabilities Rp 934,250,000 Rp 671,400,000
Office Supplies Rp 4,720,000 Rp 7,280,000
Value Added Tax - In (VAT-In) Rp 339,920,000 Rp 238,480,000 Long Term Liabilities :
Prepaid Income Tax Rp 3,000,000 Rp 2,000,000 Bank Loan Rp 140,000,000 Rp 263,851,000
Prepaid Rent Rp 28,000,000 Rp 37,600,000 Total Long Term Liabilities Rp 140,000,000 Rp 263,851,000
Total Current Assets Rp 1,817,231,000 Rp 1,646,886,000
TOTAL LIABILITIES Rp 1,074,250,000 Rp 935,251,000
Fixed Assets :
Land Rp 1,000,000,000 Rp 1,000,000,000 EQUITY
Vehicles Rp 450,000,000 Rp 120,000,000 Share Capital - Ordinary Rp 1,575,000,000 Rp 1,225,000,000
Accumulated Depreciation - Vehicles Rp (4,687,500) Rp (33,750,000) Share Premium - Ordinary Rp 305,000,000 Rp 245,000,000
Equipment Rp 450,000,000 Rp 450,000,000 Retained Earnings Rp 382,668,500 Rp 617,885,000
Accumulated Depreciation - Equipment Rp (375,625,000) Rp (160,000,000) TOTAL EQUITY Rp 2,262,668,500 Rp 2,087,885,000
Total Fixed Assets Rp 1,519,687,500 Rp 1,376,250,000

TOTAL ASSET Rp 3,336,918,500 Rp 3,023,136,000 TOTAL LIABILITIES + EQUITIES Rp 3,336,918,500 Rp 3,023,136,000

 PT FLORIST GUMP
JALAN KAKTUS NO. 12
JAKARTA TIMUR

STATEMENT OF CASHFLOW
1/1/2020 through 31/12/2020

CASH FLOWS FROM OPERATING ACTIVITIES:

Net Income Rp 14,783,500.00
Adjusments to reconcile net income to net
cash provided by operating activities :
Bad Debt Expense Rp 10,924,000
Depreciation Expense - Vehicles Rp 18,437,500
Depreciation Expense - Equipment Rp 215,625,000
Gain (Loss) on Sale of Fix Assets Rp 7,500,000
Accounts Receivable Rp 99,360,000
Employee Receivable Rp 2,500,000
Merchandise Inventory Rp 7,700,000
Office Supplies Rp 2,560,000
Value Added Tax - In (VAT-In) Rp 101,440,000
Prepaid Income Tax Rp 1,000,000
Prepaid Rent Rp 9,600,000
Accounts Payable Rp 12,300,000
Salaries Payable Rp 22,240,000
Value Added Tax - Out (VAT - Out) Rp 106,980,000
Income Tax Payable Rp 1,330,000
Rp 362,368,500
Net Cash Provided By Operating Activities Rp 362,368,500

CASH FLOWS FROM INVESTING ACTIVITIES :

Purchase Toyota Hilux Rp 450,000,000.00
Sold Daihatsu Gran Max Rp 80,000,000.00 Rp 370,000,000
Net Cash Used In Investing Activities Rp 370,000,000

CASH FLOWS FROM FINANCING ACTIVITIES :

Bank Loan Rp 123,851,000.00
Share Capital Issued Rp 350,000,000.00
Share Premium Rp 60,000,000.00
Payment of Cash Dividends Rp 130,000,000.00 Rp 156,149,000.00
Net Cash Used In Financing Activities Rp 156,149,000.00
Net Incerase (Decrease) in Cash Rp 148,517,500.00
Cash at Beginning of Year Rp 740,286,000.00
Cash at End of Year Rp 925,435,000.00
 PT FLORIST GUMP
Memorial Journal (CLOSING ENTRIES)
December 31, 2020
Page :

DATE DESCRIPTION REF DEBET CREDIT

31-Dec-20 Sales 4,700,000,000

Interest Revenue 5,400,000
Gain (Loss) on Sale of Fix Assets 7,500,000
Income Summary 4,712,900,000
12/31/2020 Income summary 4,698,116,500
Sales Discounts 180,540,000
Sales Returns 270,460,000
Cost of Good Sold 1,880,800,000
Bad Debt Expense 10,924,000
Depreciation Expense - Vehicles 18,437,500
Advertising Expense 13,260,000
Rent Expense 31,500,000
Salaries Expense 1,833,600,000
Utilities Expense 151,680,000
Maintenance Expense 12,960,000
Telecommunication Expense 11,320,000
Income Tax Expense 9,870,000
Depreciation Expense - Equipment 215,625,000
Office Supplies Expense 7,270,000
Other General & Administrative Expense 26,890,000
Bank Charges 180,000
Interest Expense 22,800,000
12/31/2020 Income summary 14,783,500
Retained earning 14,783,500
12/31/2020 Retained earning 250,000,000
devidend 250,000,000

TOTAL 9,675,800,000 9,675,800,000

 PT FLORIST GUMP
POST CLOSING TRIAL BALANCE
December 31, 2020

ACCOUNT
ACCOUNT NAME DEBET CREDIT
NO.
1-1100 Petty Cash 10,000,000
1-1101 Cash In Bank 925,435,000
1-1102 Accounts Receivable 366,480,000
1-1103 Allowance for Doubtful Accounts 18,324,000
1-1104 Employee Receivable 2,500,000
1-1105 Merchandise Inventory 155,500,000
1-1106 Office Supplies 4,720,000
1-1107 Value Added Tax - In (VAT-In) 339,920,000
1-1108 Prepaid Income Tax 3,000,000
1-1109 Prepaid Rent 28,000,000
1-2100 Land 1,000,000,000
1-2101 Vehicles 450,000,000
1-2102 Accumulated Depreciation - Vehicles 4,687,500
1-2103 Equipment 450,000,000
1-2104 Accumulated Depreciation - Equipment 375,625,000
2-1100 Accounts Payable 101,600,000
2-1101 Salaries Payable 148,980,000
2-1102 Value Added Tax - Out (VAT - Out) 424,900,000
2-1103 Income Tax Payable 8,770,000
2-1104 Dividend Payable 250,000,000
2-2100 Bank Loan 140,000,000
3-1000 Share Capital - Ordinary 1,575,000,000
3-1001 Share Premium - Ordinary 305,000,000
3-1002 Retained Earnings 382,668,500

TOTAL 3,735,555,000 3,735,555,000