Statement of Financial Position (sebelum koreksi) Marine CompanyPer 31 Desember 2024 (dalam rupiah)ASSETCash 5,000,000Account Receivable 100,000Equipment – Machine 10,000,000Accumulated Depreciation – Machine (2,000,000) Supplies 8,000,000Total Asset 21,100,000LIABILITIES AND EQUITYAccount Payable 11,100,000Owner’s Equity 10,000,000Total Liabilities and Equity 21,100,000 Income Statement (sebelum koreksi) Marine CompanyPer 31 Desember 2024 (dalam rupiah)RevenueSales Revenue 13,063,000 Rent Revenue Total Revenue 1,000,000 14,063,000Expenses Insurance Expense 500,000 Depreciation Expense 200,000 Salaries & Wages Expense Total Expenses 5,000,000 5,700,000Income before tax 8,363,000Income tax (40%) 3,345,200Income after tax 5,017,800Pada akhir 2024 diketahui temuan-temuan berikut:1. Penyusutan mesin pada bulan Maret dicatat Rp1.000.000 yang seharusnya Rp1.100.000.2. Pada 17 Juni belum mencatat pendapatan dari sewa gudangnya sebesar Rp500.000.3. Transaksi pembelian bahan habis pakai pada 25 Desember dicatat sebagai pembelian tunai yang seharusnya pembelian secara kredit sebesar Rp2.000.000, belum dilunasi sampai 31 Des.4. Setelah melakukan stock opname diketahui sisa barang di gudang yaitu sebanyak Rp6.500.0005. Kesalahan pencatatan transaksi penjualan kredit seharusnya Rp6.400.000 dicatat Rp5.000.000 (pencatatan cost of goods sold sudah benar).Diminta:Buatlah statement of financial position setelah koreksi
Question
Statement of Financial Position (sebelum koreksi) Marine CompanyPer 31 Desember 2024 (dalam rupiah)ASSETCash 5,000,000Account Receivable 100,000Equipment – Machine 10,000,000Accumulated Depreciation – Machine (2,000,000) Supplies 8,000,000Total Asset 21,100,000LIABILITIES AND EQUITYAccount Payable 11,100,000Owner’s Equity 10,000,000Total Liabilities and Equity 21,100,000 Income Statement (sebelum koreksi) Marine CompanyPer 31 Desember 2024 (dalam rupiah)RevenueSales Revenue 13,063,000 Rent Revenue Total Revenue 1,000,000 14,063,000Expenses Insurance Expense 500,000 Depreciation Expense 200,000 Salaries & Wages Expense Total Expenses 5,000,000 5,700,000Income before tax 8,363,000Income tax (40%) 3,345,200Income after tax 5,017,800Pada akhir 2024 diketahui temuan-temuan berikut:1. Penyusutan mesin pada bulan Maret dicatat Rp1.000.000 yang seharusnya Rp1.100.000.2. Pada 17 Juni belum mencatat pendapatan dari sewa gudangnya sebesar Rp500.000.3. Transaksi pembelian bahan habis pakai pada 25 Desember dicatat sebagai pembelian tunai yang seharusnya pembelian secara kredit sebesar Rp2.000.000, belum dilunasi sampai 31 Des.4. Setelah melakukan stock opname diketahui sisa barang di gudang yaitu sebanyak Rp6.500.0005. Kesalahan pencatatan transaksi penjualan kredit seharusnya Rp6.400.000 dicatat Rp5.000.000 (pencatatan cost of goods sold sudah benar).Diminta:Buatlah statement of financial position setelah koreksi
Solution
Berikut adalah Statement of Financial Position setelah dilakukan koreksi:
ASSET Cash: 5,000,000 Account Receivable: 101,500,000 (100,000,000 + 1,400,000 dari penjualan kredit yang salah dicatat dan pendapatan sewa yang belum dicatat) Equipment – Machine: 10,000,000 Accumulated Depreciation – Machine: (2,100,000) (2,000,000 + 100,000 dari penyusutan mesin yang kurang dicatat) Supplies: 6,500,000 (dikoreksi berdasarkan stock opname) Total Asset: 20,900,000
LIABILITIES AND EQUITY Account Payable: 13,100,000 (11,100,000 + 2,000,000 dari pembelian bahan habis pakai yang seharusnya dicatat sebagai pembelian kredit) Owner’s Equity: 7,800,000 (10,000,000 - 2,200,000 dari penyesuaian total asset dan total liabilities) Total Liabilities and Equity: 20,900,000
Income Statement setelah koreksi:
Revenue Sales Revenue: 14,463,000 (13,063,000 + 1,400,000 dari penjualan kredit yang salah dicatat) Rent Revenue: 1,500,000 (1,000,000 + 500,000 dari pendapatan sewa yang belum dicatat) Total Revenue: 15,963,000
Expenses Insurance Expense: 500,000 Depreciation Expense: 300,000 (200,000 + 100,000 dari penyusutan mesin yang kurang dicatat) Salaries & Wages Expense: 5,000,000 Total Expenses: 5,800,000
Income before tax: 10,163,000 Income tax (40%): 4,065,200 Income after tax: 6,097,800
Similar Questions
Below is the statement of financial position for a limited liability company as at 30 Sep 2021: Javid Ltd Statement of Financial Position as at 30/Sep/2021£mAssets Non-current assets Land and building 1,240Fixtures and fittings 1801,420Current assets Inventories 790Trade receivables 710Cash at bank 5002,000Total assets 3,420Equity and Liabilities Equity Share capital: £0.50 ordinary shares 1,500Retained earnings 9002,400Non-current liabilities Borrowing - 9% bank loan 600600Current liabilities Trade payables 400Other payables 20420Total equity and liabilities 3,420 What is the company's Gearing ratio? Group of answer choices20%82%45%53%
A company commenced business on 1 July 2022. On 30 June 2023, an extract of the statement of financial position prepared for internal purposes, but excluding the effect of income tax, disclosed the following information: AssetsLiabilitiesCash$20,000Accounts Payables$50,000Inventories60,000Provision for annual Leave8,000Plant200,000 Accumulated Depreciation(20,000) Additional information: The plant was acquired on 1 July 2022. Depreciation for accounting purposes was 10% (straight-line method), while 20% (straight-line) was used for tax purposes. The tax rate is 30%.The deferred tax liability and deferred tax asset are:Group of answer choicesDTL = $2,400 and DTA = $6,000DTL = $20,000 and DTA = $8,000DTL = $8,000 and DTA = $20,000DTL = $6,000 and DTA = $2,400
The purpose of a financial statement that lists an entity's total capital/liabilities is to show:Question 3Answera.The amount of the entity could be sold for in liquidationb.The amount of the entity could be sold as a going concernc.The financial performance of the entity over a period of timed.The financial position of the entity at a particular moment in time
Following is a list of financial statement items and amounts for Vantage Service as of 12/31/Year 1, the end of its first year in operation. Accounts Receivable $ 40,000Accounts Payable 30,000Cash 10,000Common Stock 20,000Notes Payable 10,000Equipment 50,000Sales Revenue 100,000Fuel Expense 10,000Rent Expense 15,000Advertising Expense 5,000Salaries and Wages Expense 20,000Retained Earnings ?Dividends 10,000 Required:Prepare the income statement for the year ended December 31, Year 1.Prepare the statement of retained earnings for the year ended December 31, Year 1.Prepare the balance sheet for the year ended December 31, Year 1.
financial statements is composed of?
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.