User Account

All Pages

Make a journal of the trading company transactions

Assignment Help Financial Accounting
Reference no: EM132696414

The following the transaction PT. Mei Kiat Makmur which engaged the retail equipment industry Sports.

Feb , PT. Mei Kiat Makmur bought merchandise PT Hasta, Rp. million credit with terms /, n / FOB Shipping Point. The freight cost Rp.thousand.

  • Feb , PT Buana sold merchandise cash worth Rp. million at the cost sales Rp. million
  • Feb , Made a purchase to PT Hasta worth Rp. thousand
  • Feb , Make repayment to PT Hasta
  • Feb , Purchased merchandise supplies PT Viktori /, worth million, already paid cash Rp. million the rest will be at a later date.
  • Feb , Purchased merchandise inventory cash Rp. million
  • Fab , Selling merchandise credit / for Rp. 15 million, 5 million has been received in cash, payment will be received at a later date with a cost of goods sold 3.5 million
  • Feb 19, Paid 50% repayment to PT Viktori
  • Feb 20, Received 30% repayment from customers for transactions dated February 18
  • Feb 25, Paid the remaining debt to PT Viktori
  • Feb 28, Received payment from the customer for the transaction on February 18th

Requested

Problem 1: Make a journal of the trading company transactions above

Reference no: EM132696414

Questions Cloud

Discuss organization need for physical security : Discuss an organization's need for physical security. What methods, approaches, and models can be used by organizations when designing physical security needs?
What caress estimated inventory at july is : Caress Company uses the retail inventory method, Under the approximate average cost retail method, Caress' estimated inventory at July 31, 2020 is
Prepare an overview diagram of aker job-costing system : Prepare an overview diagram of Aker's job-costing system. Compute the total manufacturing overhead cost allocated to Job 360
What steps does john needs to undertake in order to make : What steps does John needs to undertake in order to make an arbitrage profit from a forward contract on 100 units of gold in 3 months time.
Make a journal of the trading company transactions : Make a journal of the trading company transactions. Feb , PT Buana sold merchandise cash worth Rp. million at the cost sales Rp. million
Define what changes might be ahead in corrections philosophy : In Chapter 3 the authors describe a progression of changes in corrections from The Reformatory Movement (1870s to 1890s) to the Crime Control Model.
Should a bank reconciliation take place : In managing company funds, transparency is required regarding the flow incoming funds disbursed funds, In your opinion, should a bank reconciliation take place?
What is the result of errors in journaling : PT Mei Bong's monthly telephone costs, Assume you are a Manager Finance, what is the result of errors in journaling and in what way you should do? Explain!
Write a current issue facing law enforcement leaders : 8-10 page research paper on a current issue facing law enforcement leaders, utilizing at least 8 scholarly references, and written in APA Style.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd