Answer sheet for the presentation

1. Principle Accounting
(Semester 2 - Entrepreneurship)
M Miqdad Robbani, M.Sc.

2. 2
Question 1 - Journal
1. Apr 1: Owner invested Rp30.000.000 in the business.
2. Apr 3: Obtained a bank loan for Rp5.000.000 by issuing a
note payable.
3. Apr 4: Paid Rp530.000 cash to buy equipment.
4. Apr 5: Paid Rp2.100.000 cash for April office rent.
5. Apr 6: Paid Rp235.000 cash for supplies.
6. Apr 10: Purchased Rp300.000 of advertising in the Harian
Kita, on account.
Jalan Keliling Co.
General Journal
For the Month Ended, April 30, 2022
(in Rp 000)
Date Account Name Debet Credit
Apr 1 Cash 30,000
Owner's Capital 30,000
Apr 3 Cash 5,000
Notes Payable 5,000
Apr 4 Equipment 530
Cash 530
Apr 5 Office rent expense 2,100
Cash 2,100
Apr 10 Advertising expense 300
Account payable 300
Apr 6 Supplies 235
Cash 235

3. 3
Question 1 - Journal
7. Apr 14: Performed services for Rp5.000.000: cash of
Rp1.500.000 was received from customers and the
balance of Rp3.500.000 was billed to customers on
account.
8. Apr 24: Paid the utility bill for the month, Rp950.000.
9. Apr 24: Cash withdrawal of Rp200.000 by owner for
personal use.
10. Apr 26: Paid Harian Kita the amount due in transaction
(6).
11. Apr 27: Paid employees’ salaries and wages,
Rp2.300.000.
Apr 14 Cash 1,500
Account receivable 3,500
Service revenue 5,000
Apr 24 Utility expense 950
Cash 950
Apr 24 Owner's drawing 200
Cash 200
Apr 26 Account payable 300
Cash 300
Apr 27
Salaries and wages
expense 2,300
Cash 2,300

4. 4
Question 1 - Journal
12. Apr 28: Paid Rp110.000 cash of interest on the bank loan
obtained in transaction (2).
13. Apr 29: Received Rp2.000.000 cash from customers billed
in transaction (7).
Apr 28 Interest expense 110
Cash 110
Apr 29 Cash 2,000
Account receivable 2,000

5. 5
Question 2 – Ledger Account
Cash Account No. 101
Date Item Post ref. Debit Credit
Balance
Debit Credit
Apr 1 Investment 1 Rp30,000 Rp30,000
Apr 3 Issuing notes payable 1 Rp5,000 Rp35,000
Apr 4 Purchase of equipment 1 Rp530 Rp34,470
Apr 5 Payment for office rent 1 Rp2,100 Rp32,370
Apr 6 Purchase of supplies 1 Rp235 Rp32,135
Apr 14 Service revenue 1 Rp1,500 Rp33,635
Apr 24 Payment for utility expense 1 Rp950 Rp32,685
Apr 24 Owner's personal use 1 Rp200 Rp32,485
Apr 26 Payment on account 1 Rp300 Rp32,185
Apr 27
Payment of salaries and
wages
1 Rp2,300 Rp29,885
Apr 28 Payment of interest expense 1 Rp110 Rp29,775
Apr 29 Revenue of A/R 1 Rp2,000 Rp31,775

6. 6
Question 2 – Ledger Account
Cash Account No. 101
Date Item Post ref. Debit Credit
Balance
Debit Credit
Apr 1 Investment 1 Rp30,000 Rp30,000
Apr 3 Issuing notes payable 1 Rp5,000 Rp35,000
Apr 4 Purchase of equipment 1 Rp530 Rp34,470
Apr 5 Payment for office rent 1 Rp2,100 Rp32,370
Apr 6 Purchase of supplies 1 Rp235 Rp32,135
Apr 14 Service revenue 1 Rp1,500 Rp33,635
Apr 24 Payment for utility expense 1 Rp950 Rp32,685
Apr 24 Owner's personal use 1 Rp200 Rp32,485
Apr 26 Payment on account 1 Rp300 Rp32,185
Apr 27
Payment of salaries and
wages
1 Rp2,300 Rp29,885
Apr 28 Payment of interest expense 1 Rp110 Rp29,775
Apr 29 Revenue of A/R 1 Rp2,000 Rp31,775

7. 7
Question 2 – Ledger Account
Account Receivable Account No. 102
Date Item Post ref. Debit Credit
Balance
Debit Credit
Apr 14 Service revenue 1 Rp3,500 Rp3,500
Apr 29 Payment 1 Rp2,000 Rp1,500
Supplies Account No. 111
Date Item Post ref. Debit Credit
Balance
Debit Credit
Apr 6 Purchase of supplies 1 Rp235 Rp235
Equipment Account No. 121
Date Item Post ref. Debit Credit
Balance
Debit Credit
Apr 4 Purchase of equipment 1 Rp530 Rp530

8. 8
Question 2 – Ledger Account
Account Payable Account No. 201
Date Item Post ref. Debit Credit
Balance
Debit Credit
Apr 10
Payment Advertising
expense on account
1 Rp300 Rp300
Apr 26
Payment on account
(Transaction April 10)
1 Rp300 Rp0
Notes payable Account No. 211
Date Item Post ref. Debit Credit
Balance
Debit Credit
Apr 3
Issuing notes payable of
bank loan
1 Rp5,000 Rp5,000

9. 9
Question 2 – Ledger Account
Owner's Capital Account No. 301
Date Item Post ref. Debit Credit
Balance
Debit Credit
Apr 1 Investment 1 Rp30,000 Rp30,000
Owner's Drawing Account No. 311
Date Item Post ref. Debit Credit
Balance
Debit Credit
Apr 24 Owner's personal use 1 Rp200 Rp200 Rp0

10. 10
Question 2 – Ledger Account
Service revenue Account No. 401
Date Item Post ref. Debit Credit
Balance
Debit Credit
Apr 14 Service revenue 1 Rp5,000 Rp0 Rp5,000

11. 11
Question 2 – Ledger Account
Salaries and Wages expense Account No. 501
Date Item Post ref. Debit Credit
Balance
Debit Credit
Apr 27
Payment of salariess &
wages
1 Rp2,300 Rp2,300 Rp0
Office rent expense Account No. 502
Date Item Post ref. Debit Credit
Balance
Debit Credit
Apr 5
Payment of office rent
expense
1 Rp2,100 Rp2,100 Rp0
Advertising expense Account No. 503
Date Item Post ref. Debit Credit
Balance
Debit Credit
Apr 10
Payment of advertising
expense
1 Rp300 Rp300 Rp0

12. 12
Question 2 – Ledger Account
Utility Expense Account No. 504
Date Item Post ref. Debit Credit
Balance
Debit Credit
Apr 24 Payment of utility expense 1 Rp950 Rp950 Rp0
Interest expense Account No. 505
Date Item Post ref. Debit Credit
Balance
Debit Credit
Apr 28 Payment of interest expense 1 Rp110 Rp110 Rp0

13. 13
Question 3 – Trial Balance Jalan Keliling Co.
Trial Balance
For the Month Ended, April 30, 2022
(in Rp 000)
Account Name Debet Credit
Cash Rp31,775
Account Receivable Rp1,500
Supplies Rp235
Equipment Rp530
Account payable 0
Notes payable Rp5,000
Owner's capital Rp30,000
Owner's drawing Rp200
Service revenue Rp5,000
Salaries and wages expense Rp2,300
Office rent expense Rp2,100
Advertising expense Rp300
Utility expense Rp950
Interest expense Rp110
Total Rp40,000 40,000