60.1K
Verified Solution
Link Copied!
On April 1 of the current year, Andri Kurniawan established a business to manage rental
property. He completed the following transactions during April:
a. Opened a business bank account with a deposit of Rp45,000,000 from personal funds.
b. Purchased office supplies on account, Rp2,000,000.
c. Received cash from fees earned for managing rental property, Rp8,500,000.
d. Paid rent on office and equipment for the month, Rp5,000,000
e. Paid creditors on a account Rp 1,375,000
f. Billed customers for fees earned for managing rental property, Rp11.250,000
g. Paid automobile expenses (including rental charges) for month, Rp840,000 and miscellaneous expenses, Rp900,000
h. Paid office salaries, Rp3,600,000
i. Determined that the cost of supplies on hand was Rp550,000; therefore, the cost of supplies used was Rp1,450,000
j. Withdrew cash for personal use, Rp2,000,000.
Question : Indicate the effect of each transaction and the balances after each transaction, using the following tabular headings:
Answer & Explanation
Solved by verified expert
