On January 2, 2021, PT XYZ sold 40 units of motorcycles at a selling price of Rp. 15,000,000 per unit. The acquisition value of the motorcycle is Rp. 10,000,000. The sales agreement made with the customer describes that the advance paid by the customer is Rp.200,000,000. Repayment will be paid by the customer in 8 installments and is carried out every 6 months. The installments paid are subject to interest at 12% per year where interest is calculated from the principal balance of the installments.
From this data, you are asked to:
i. Make a sales journal with the profit method recognized in full & the profit method recognized proportionally.
ii. Create an interest calculation table.
iii. Journalize payments for installments 1 to 8 installments.
Answers: 2
Other questions on the subject: Business
Business, 22.06.2019 15:20, lamashermosa23
On january 2, 2018, bering co. disposes of a machine costing $34,100 with accumulated depreciation of $18,369. prepare the entries to record the disposal under each of the following separate assumptions. exercise 8-24a part 2 2. the machine is traded in for a newer machine having a $50,600 cash price. a $16,238 trade-in allowance is received, and the balance is paid in cash. assume the asset exchange has commercial substance.
Answers: 2
Business, 22.06.2019 19:20, Tariah5970
Sanibel autos inc. merged with its competitor vroom autos inc. this allowed sanibel autos to use its technological competencies along with vroom autos' marketing capabilities to capture a larger market share than what the two entities individually held. what type of integration does this scenario best illustrate? a. vertical b. technological c. horizontal d. perfect
Answers: 2
Business, 22.06.2019 22:40, tonypewitt
Johnson company uses the allowance method to account for uncollectible accounts receivable. bad debt expense is established as a percentage of credit sales. for 2018, net credit sales totaled $6,400,000, and the estimated bad debt percentage is 1.40%. the allowance for uncollectible accounts had a credit balance of $61,000 at the beginning of 2018 and $49,500, after adjusting entries, at the end of 2018.required: 1. what is bad debt expense for 2018 as a percent of net credit sales? 2. assume johnson makes no other adjustment of bad debt expense during 2018. determine the amount of accounts receivable written off during 2018.3. if the company uses the direct write-off method, what would bad debt expense be for 2018?
Answers: 1
Business, 23.06.2019 06:00, dogwisperer101
Which factor determines who a society will produce goods and services for?
Answers: 1
Do you know the correct answer?
On January 2, 2021, PT XYZ sold 40 units of motorcycles at a selling price of Rp. 15,000,000 per uni...
Questions in other subjects:
History, 04.03.2021 02:20
Mathematics, 04.03.2021 02:20
Mathematics, 04.03.2021 02:20
Mathematics, 04.03.2021 02:20
