Adjusting Entries

ASSET Cash 65,000,000
Account Receivable 45,625,000

Supplies 202,500,000
Prepaid Insurance 20,625,000 ASSET = LIABILITY + EQUITY
Land 93,750,000 ASSET - LIABILITY = EQUITY
Building 222,500,000
Acc. Depreciation - Building 22,500,000
Vehicle 137,500,000 ASSET 735,000,000
Acc. Depreciation - vehicle 30,000,000 LIABILITY 211,600,000
LIABILITY Account Payable 45000000 EQUITY 523,400,000
Uneraned Service rzevenue 4,500,000
Salaries Payable 33,750,000
Interest Payable 850,000 = 127.500.000 x 8% x 1/12
Bank Loan (8% p.a) 127,500,000
EQUITY Share Capital - Ordinary 225,000,000
Retained Earnings 298,400,000 = 523.400.000 - 298.400.000
PHOENIX CO.
GENERAL JOURNAL (in Rp)
J1
DATE
Account & Title Explanation COA DEBIT CREDIT
2020
August 1 Cash 110 37,500,000
Share capital - ordinary 310 37,500,000
August 4 Salaries payable 212 33,750,000

Interest payable 214 850,000
Cash 110 34,600,000
August 5 Supplies 112 13,125,000

Cash (30% * 13.125.000) 110 3,937,500
Account Payable 210 9,187,500
August 6 Advertising expense 512 45,000,000

Cash 110 45,000,000
August 7 Unearned service revenue (40% x 11.250.000) 211 4,500,000

Cash 110 6,750,000
Service revenue 410 11,250,000
August 10 Equipment 123 15,500,000

Account Payable 210 15,500,000
August 11 Cash 110 11,500,000

Unearned service revenue 211 11,500,000
46.000.000 x 25%
August 15 Account Payable 210 9,187,500

Cash 110 9,187,500
August 16 No Entry
August 18 Account payable 210 6,200,000

Cash 110 6,200,000
40% x 15.500.000
August 25 Unearned service revenue 211 11,500,000

Cash 110 34,500,000
August 27 Cash 110 11,250,000

August 28 Account Payable 210 9,300,000

Cash 110 9,300,000
15.500.000 - 6.200.000
August 29 Machine 124 5,000,000
Cash 110 5,000,000
August 31 Dividends 330 2,000,000

Cash 110 2,000,000
Phoenix Co
Ledger
In Rp
Cash No:110
Date Explanation Ref. Db Cr Balance Date
2020 2020
Agustus Beginning v Rp 65,000,000 Agustus
Balance
1 J1 Rp 37,500,000 Rp 102,500,000 5
4 J1 Rp 34,600,000 Rp 67,900,000 10
5 J1 Rp 3,937,500 Rp 63,962,500 15
6 J1 Rp 45,000,000 Rp 18,962,500 18
7 J1 Rp 6,750,000 Rp 25,712,500 25
11 J1 Rp 11,500,000 Rp 37,212,500
15 J1 Rp 9,187,500 Rp 28,025,000
18 J1 Rp 6,200,000 Rp 21,825,000
25 J1 Rp 34,500,000 Rp 56,325,000 Date
27 J1 Rp 11,250,000 Rp 67,575,000 2020
28 J1 Rp 9,300,000 Rp 58,275,000
Agustus
29 J1 Rp 5,000,000 Rp 53,275,000
31 J1 Rp 2,000,000 Rp 51,275,000 7
11
Account Receivable No:111 25
Date Explanation Ref. Db Cr Balance
2020
Agustus Beginning v Rp 45,625,000
Balance Date
2020
Agustus
Supplies No:112 4
2020
Balance Date
5 J1 Rp 13,125,000 Rp 215,625,000 2020
Agustus
Prepaid Insurance No:113
2020
Balance Date
2020
Agustus
Prepaid Advertising No:114 4
2020
Agustus Beginning v Rp -
Balance Date
2020
Agustus
Land No:120
2020
Balance Date
2020
Agustus
1
Building No:121
2020
Beginning Date
Agustus v Rp 222,500,000
Balance 2020
Agustus
Accumulated Depreciation-Building No:121.1

2020 Date
Beginning 2020
Agustus v -Rp 22,500,000
Balance
Agustus
31
Vehicle No:122
2020 2020
Balance
Accumulated Depreciation-Vehicle No:122.1

2020 2020
Agustus Beginning v -Rp 30,000,000 Agustus
Balance
7
25
27

2020
Balance
10 J1 Rp 15,500,000 Rp 15,500,000
Accumulated Depreciation-Equipment No:123.1

2020
Balance
Machine No:124
2020
Balance
29 J1 Rp 5,000,000 Rp 5,000,000
Accumulated Depreciation-Machine No:124.1

2020
Balance
Account Payable No:210 Supplies Ex
Explanation Ref. Db Cr Balance Date Explanation
2020
Beginning v -Rp 45,000,000 Agustus Beginning
Balance Balance
J1 Rp 9,187,500 -Rp 35,812,500
J1 Rp 15,500,000 -Rp 20,312,500
J1 Rp 9,187,500 -Rp 29,500,000
J1 Rp 6,200,000 -Rp 35,700,000 Insurance E
J1 Rp 9,300,000 -Rp 45,000,000 Date Explanation
2020
Agustus Beginning
Unearned Service Revenue No:211 Balance
Explanation Ref. Db Cr Balance
Beginning v -Rp 4,500,000

Balance Advertising E
J1 Rp 4,500,000 Rp - Date Explanation
J1 Rp 11,500,000 -Rp 11,500,000 2020
J1 Rp 11,500,000 Rp - Beginning
Agustus
Balance
6
Salaries Payable No:212
Beginning Salaries Ex
v -Rp 33,750,000
Balance Date Explanation
J1 Rp 33,750,000 Rp - 2020
Rp - Beginning
Agustus
Balance
Utilities Payable No:213 31
Beginning Utilities Ex
v Rp -
Rp - 2020
Agustus Beginning
Balance
Interest Payable No:214
Beginning Depreciation Expe

v -Rp 850,000
J1 Rp 850,000 Rp - 2020
Rp - Beginning
Agustus
Balance
Bank Loan No:220

v -Rp 127,500,000
2020
Agustus Beginning
Balance
Share Capital-Ordinary No:310
Beginning Depreciation Expen

v -Rp 225,000,000
J1 Rp 37,500,000 -Rp 262,500,000 2020
Agustus Beginning
Balance
Retained Earnings No:320

v -Rp 298,400,000
2020
Agustus Beginning
Balance
Dividends No:330
Beginning Interest Ex
v Rp -
J1 Rp 2,000,000 Rp 2,000,000 2020
Agustus Beginning
Balance
Income Summary No:340
Beginning v Rp -
Balance
Service Revenue No:410

Beginning v Rp -
Balance
J1 Rp 11,250,000 -Rp 11,250,000
J1 Rp 46,000,000 -Rp 57,250,000
J1 Rp 11,250,000 -Rp 68,500,000
Supplies Expense No:510
Ref. Db Cr Balance
v Rp -
Insurance Expense No:511

Ref. Db Cr Balance
v Rp -
Advertising Expense No:512

Ref. Db Cr Balance
v Rp -
J1 Rp 45,000,000 Rp 45,000,000
Salaries Expense No:513

Ref. Db Cr Balance
v Rp -
J2 Rp 20,250,000 Rp 20,250,000
Utilities Expense No:514

Ref. Db Cr Balance
v Rp -
Depreciation Expense-Building No:515

Ref. Db Cr Balance
v Rp -
Depreciation Expense-Vehicle No:516
Ref. Db Cr Balance
v Rp -
Depreciation Expense-Equipment No:517

Ref. Db Cr Balance
v Rp -
Depreciation Expense-Machine No:518

Ref. Db Cr Balance
v Rp -
Interest Expense No:701

Ref. Db Cr Balance
v Rp -
PHOENIX CO.
GENERAL JOURNAL (in Rp)
J2
DATE Account & Title Explanation
COA DEBIT CREDIT
2020 Adjusting Entries
August 31 Insurance expense 511 1,875,000
Prepaid insurance 113 1,875,000
30.000.000 x 1/16
August 31 Supplies expense 510 7,492,500

Supplies 112 7,492,500
August 31 Depreciation expense - building 515 1,854,167

Acc. Depreciation - building 121.1 1,854,167
222.500.000 x 10% x 1/12
Depreciation expense - vehicle 516 1,145,833

Acc. Depreciation - vehicle 122.1 1,145,833
137.500.000 x 10% x 1/12
Depreciation expense - equipment 517 129,167

Acc. Depreciation - equipment 123.1 129,167
15.500.000 x 10% x 1/12
Depreciation expense - machine 518 41,667

Acc. Depreciation - machine 124.1 41,667
5.000.000 x 10% x 1/12
August 31 Utilities expense 514 4,500,000

Utilities payable 213 4,500,000
Salaries expense 513 20,250,000

Salaries payable 212 20,250,000
August 31 Prepaid advertising 114 41,250,000

Advertising expense 512 41,250,000
11/12 x 45.000.000
August 31 Interest expense 512 850,000

Interest payable 214 850,000
(127.500.000 x 8%) x 1/12
6-Aug Advertising expense 45,000,000

Cash 45,000,000
Untuk bulan Agustus

Advertising Expense 3,750,000
45.000.000*1/12
pendekatan riil: akun asset/liabilities
pendekatan nominal: akun revenue/expense
1 Maret 2020
Prepaid insurance x 16 bulan
Cash
31 Juli 2020
Prepaid insurance 20,625,000 11 bulan
20.625.000 = x - maret - april - mei - juni - juli
20.625.000 = (11/16)x
x = 20.625.000*16/11
x = 30,000,000
Phoenix Co
Ledger
In Rp
Cash No:110
2020 2020
Balance
1 J1 Rp 37,500,000 Rp 102,500,000 5
4 J1 Rp 34,600,000 Rp 67,900,000 10
5 J1 Rp 3,937,500 Rp 63,962,500 15
6 J1 Rp 45,000,000 Rp 18,962,500 18
7 J1 Rp 6,750,000 Rp 25,712,500 25
11 J1 Rp 11,500,000 Rp 37,212,500
15 J1 Rp 9,187,500 Rp 28,025,000
18 J1 Rp 6,200,000 Rp 21,825,000
25 J1 Rp 34,500,000 Rp 56,325,000 Date
27 J1 Rp 11,250,000 Rp 67,575,000 2020
28 J1 Rp 9,300,000 Rp 58,275,000
Agustus
29 J1 Rp 5,000,000 Rp 53,275,000
31 J1 Rp 2,000,000 Rp 51,275,000 7
11
Account Receivable No:111 25
2020
Balance Date
2020
Agustus
Supplies No:112 4
Date Explanation Ref. Db Cr Balance 31
2020
Balance Date
5 J1 Rp 13,125,000 Rp 215,625,000 2020
31 J2 Rp 7,492,500 Rp 208,132,500
Agustus
Prepaid Insurance No:113 31
2020
Balance Date
31 J2 Rp 1,875,000 Rp 18,750,000 2020
Agustus
Prepaid Advertising No:114 4
Date Explanation Ref. Db Cr Balance 31
2020
Balance Date
31 J2 Rp 41,250,000 Rp 41,250,000 2020
Agustus
Land No:120
2020
Balance Date
2020
Agustus
1
Building No:121
2020
Beginning Date
Agustus v Rp 222,500,000
Balance 2020
Agustus
Accumulated Depreciation-Building No:121.1

2020 Date
Beginning 2020
Agustus v -Rp 22,500,000
Balance
Agustus
31 J2 Rp 1,854,167 -Rp 24,354,167
31
Vehicle No:122
2020 2020
Balance
Accumulated Depreciation-Vehicle No:122.1

2020 2020
Agustus Beginning v -Rp 30,000,000 Agustus
Balance
31 J2 Rp 1,145,833 -Rp 31,145,833 7
25
27
Equipment No:123
2020
Balance
10 J1 Rp 15,500,000 Rp 15,500,000
Accumulated Depreciation-Equipment No:123.1

2020
Balance
31 J2 Rp 129,617 -Rp 129,617
Machine No:124
2020
Balance
29 J1 Rp 5,000,000 Rp 5,000,000
Accumulated Depreciation-Machine No:124.1

2020
Balance
31 J2 Rp 41,667 -Rp 41,667
Account Payable No:210 Supplies Ex
Explanation Ref. Db Cr Balance Date Explanation
2020
Beginning v -Rp 45,000,000 Agustus Beginning
Balance Balance
J1 Rp 9,187,500 -Rp 35,812,500 31
J1 Rp 15,500,000 -Rp 20,312,500
J1 Rp 9,187,500 -Rp 29,500,000
J1 Rp 6,200,000 -Rp 35,700,000 Insurance E
J1 Rp 9,300,000 -Rp 45,000,000 Date Explanation
2020
Agustus Beginning
Unearned Service Revenue No:211 Balance
Explanation Ref. Db Cr Balance 31
Beginning v -Rp 4,500,000

Balance Advertising E
J1 Rp 4,500,000 Rp - Date Explanation
J1 Rp 11,500,000 -Rp 11,500,000 2020
J1 Rp 11,500,000 Rp - Beginning
Agustus
Balance
6
Salaries Payable No:212 31
Beginning Salaries Ex
v -Rp 33,750,000
J1 Rp 33,750,000 Rp - 2020
J2 Rp 20,250,000 -Rp 20,250,000 Beginning
Agustus
Balance
Utilities Payable No:213 31
Explanation Ref. Db Cr Balance 31
Beginning Utilities Ex
v Rp -
J2 Rp 4,500,000 -Rp 4,500,000 2020
Agustus Beginning
Balance
Interest Payable No:214 31

v -Rp 850,000
J1 Rp 850,000 Rp - 2020
J2 Rp 850,000 -Rp 850,000 Beginning
Agustus
Balance
Bank Loan No:220 31

v -Rp 127,500,000
2020
Agustus Beginning
Balance
Share Capital-Ordinary No:310 31
Beginning Depreciation Expen

v -Rp 225,000,000
J1 Rp 37,500,000 -Rp 262,500,000 2020
Agustus Beginning
Balance
Retained Earnings No:320 31

v -Rp 298,400,000
2020
Agustus Beginning
Balance
Dividends No:330 31
Beginning Interest Ex
v Rp -
J1 Rp 2,000,000 Rp 2,000,000 2020
Agustus Beginning
Balance
Income Summary No:340 31
Beginning v Rp -
Balance
Service Revenue No:410

Beginning v Rp -
Balance
J1 Rp 11,250,000 -Rp 11,250,000
J1 Rp 46,000,000 -Rp 57,250,000
J1 Rp 11,250,000 -Rp 68,500,000
Supplies Expense No:510
Ref. Db Cr Balance
v Rp -
J2 Rp 7,492,500 Rp 7,492,500
Insurance Expense No:511

Ref. Db Cr Balance
v Rp -
J2 Rp 1,875,500 Rp 1,875,500
Advertising Expense No:512

Ref. Db Cr Balance
v Rp -
J1 Rp 45,000,000 Rp 45,000,000
J2 Rp 41,250,000 Rp 3,750,000
Salaries Expense No:513

Ref. Db Cr Balance
v Rp -
J2 Rp 20,250,000 Rp 20,250,000
J2 Rp 20,250,000 Rp -
Utilities Expense No:514

Ref. Db Cr Balance
v Rp -
J2 Rp 4,500,000 Rp 4,500,000
Depreciation Expense-Building No:515

Ref. Db Cr Balance
v Rp -
J2 Rp 1,854,167 Rp 1,854,167
Depreciation Expense-Vehicle No:516

Ref. Db Cr Balance
v Rp -
J2 Rp 1,145,833 Rp 1,145,833
Depreciation Expense-Equipment No:517

Ref. Db Cr Balance
v Rp -
J2 Rp 129,617 Rp 129,617
Depreciation Expense-Machine No:518

Ref. Db Cr Balance
v Rp -
J2 Rp 41,667 Rp 41,667
Interest Expense No:701

Ref. Db Cr Balance
v Rp -
J2 Rp 850,000 Rp 850,000

Adjusting Entries

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ASSET Cash 65,000,000

Account Receivable 45,625,000

August 4 Salaries payable 212 33,750,000

August 5 Supplies 112 13,125,000

August 6 Advertising expense 512 45,000,000

August 7 Unearned service revenue (40% x 11.250.000) 211 4,500,000

August 10 Equipment 123 15,500,000

August 11 Cash 110 11,500,000

August 15 Account Payable 210 9,187,500

August 18 Account payable 210 6,200,000

August 25 Unearned service revenue 211 11,500,000

August 27 Cash 110 11,250,000

August 28 Account Payable 210 9,300,000

August 31 Dividends 330 2,000,000

Accumulated Depreciation-Building No:121.1

Accumulated Depreciation-Vehicle No:122.1

Date Explanation Ref. Db Cr Balance

Accumulated Depreciation-Equipment No:123.1

Accumulated Depreciation-Machine No:124.1

Beginning v -Rp 4,500,000

Beginning Depreciation Expe

Beginning Depreciation Expe

Beginning Depreciation Expen

Beginning Depreciation Expe

Service Revenue No:410

Insurance Expense No:511

Advertising Expense No:512

Salaries Expense No:513

Utilities Expense No:514

Depreciation Expense-Building No:515

Depreciation Expense-Equipment No:517

Depreciation Expense-Machine No:518

Interest Expense No:701

August 31 Supplies expense 510 7,492,500

August 31 Depreciation expense - building 515 1,854,167

Depreciation expense - vehicle 516 1,145,833

Depreciation expense - equipment 517 129,167

Depreciation expense - machine 518 41,667

August 31 Utilities expense 514 4,500,000

Salaries expense 513 20,250,000

August 31 Prepaid advertising 114 41,250,000

August 31 Interest expense 512 850,000

6-Aug Advertising expense 45,000,000

Untuk bulan Agustus

Accumulated Depreciation-Building No:121.1

Accumulated Depreciation-Vehicle No:122.1

Accumulated Depreciation-Equipment No:123.1

Accumulated Depreciation-Machine No:124.1

Beginning v -Rp 4,500,000

Beginning Depreciation Expe

Beginning Depreciation Expe

Beginning Depreciation Expen

Beginning Depreciation Expe

Service Revenue No:410

Insurance Expense No:511

Advertising Expense No:512

Salaries Expense No:513

Utilities Expense No:514

Depreciation Expense-Building No:515

Depreciation Expense-Vehicle No:516

Depreciation Expense-Equipment No:517

Depreciation Expense-Machine No:518

Interest Expense No:701