FINAL EXAM ACCOUNTING AND FINANCE FOR ADMIN AND STAFF
INSTRUCTIONS:
1. You are allowed to use “google search” when doing this exam.
2. Anwers should be done in Microsoft Excel (xls).
3. Please send your answer with File Name (YOUR FULL NAME – FINAL EXAM ACCOUNTING & FINANCE).
4. Send to email finalexam@jicsi.co.id at least on one week after your last class.
PART I:
Prepare an (I) INCOME STATEMENT and a (II) BALANCE SHEET for this business for the month of January based on the following information:
Mr Alex open a new company on Jan 1, 2020 he named the company, PT. ALEX KELUARGA.
On Jan 1, He also bought a building for this business amounting Rp 10.000.000.000, the current price of land is Rp 3.000.000.000, with an estimated 20 year useful life. nformation of sales for the year is as follows:
Jan 1 to – 10: 5000 units daily
Jan 11 to 31: sales increased by 500 daily
This herbal products was imported from Taiwan by Mr. Alex. The cost of these goods 60% of the selling price, this herbal product was sold by Mr. Alex for RP2.000.000 per unit.
Total salariesfor the month amounted to Rp400.000.000
Electricity Expense: Rp120.000.000
Advertising expenses costs Rp200.000.000
Promotion expenses cost Rp 100.000.000
Insurance expense: Rp 70.000.000
Telephone expense : Rp 80.000.000
The company open a petty cash amounting Rp20.000.000
Cash in BCA was:
o IDR ACCT: 600 jt
o USDACCT: $100.000
Accounts receivable was 50% of the month total sales
Inventories ofh erbal products amounted to Rp500.000.000.
During the month Mr. Alex invested Rp200.000.000 some shares from PT. Unilever
The company acquired a letter of credit amounting Rp1.200.000.000
The balance of the mortgage payable to the bank was Rp9.500.000.000
On Jan 31 Mr. Alex bought a pick-up for 300 jt, it can be used for approx. 10 years