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Number 2

The following data is needed to determine the end of July adjustment for Teikoku (See problem No. 1)

a. The remaining equipment as of July 31 is Rp800,000

b. Office equipment for July was depreciated at 2% of cost

c. Vehicle depreciation for July is Rp 600,000

d. Warehouse rental expense in July 2021

e. Unbilled service revenue as of 31 July Rp5,000,000

Requested:

1. Make adjusting entries as of July 31, 2021 (post to general ledger)

2. Prepare a 10-column work sheet

3. Prepare income statement, owner's equity statement, and statement of financial position for Teikoku Services.

1. On July 1, 2021, Miss Mutia opened a freight forwarding service known as Teikoku Services. The following transactions were made during the first month: 1-Jul-21 Miss Mutia opens a freight forwarding service by handing over cash IDR 57.200.000 2-Jul-21 Hired three employees to work in the warehouse. They will each paid a salary of IDR 3,575,000 per month. 3-Jul-21 Signed a warehouse rental agreement for two years, paid in installments cash amounting to IDR 34,320,000 for the first year. 4-Jul-21 Purchased equipment for IDR. 18,590,000. Paid in cash of IDR 14,300,000, the rest will be paid within 6 months. 5-Jul-21 Purchased a vehicle for IDR 30,000,000 on credit. 5-Jul-21 Paid office rent in cash amounting to IDR 2,574,000 for one month. 8-Jul-21 Purchased office supplies for IDR 600,600 in cash. 10-Jul-21 Purchased more office supplies for IDR 2,145,000 on credit. 11-Jul-21 Withdraw cash for personal use of IDR 715,000. 12-Jul-21 Paid debt to supplier amounting to IDR 572,000. 20-Jul-21 Record work that has been completed but not yet paid and send invoices to customers amounting to IDR 8,580,000. 21-Jul-21 Received payment of receivables from customers amounting to IDR.4,290,000. 25-Jul-21 Received cash from customers in the amount of IDR 14,300,000 31-Jul-21 Pay the monthly salaries of the three employees at the end of the month amounting to IDR 10,725,000

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