Eragano Corp. controls 80% of Habibi Garden's shares, one of the Start Up Agricultural services. On January 1, 2018 PT Puncak purchased equipment from Habibi Garden at a price of Rp 110,000,000. This equipment was purchased by Habibi Garden at a price of Rp. 120,000,000 and has been depreciated by Rp. 2,000,000 and can still be used for another 10 years. Requested: 1. Journalize the sale and purchase of the machine. 2. Prepare the required journal entries for the consolidated working papers relating to the machine for 2018 and 2019.             Please answer required 1,2

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Eragano Corp. controls 80% of Habibi Garden's shares, one of the Start Up Agricultural services. On January 1, 2018 PT Puncak purchased equipment from Habibi Garden at a price of Rp 110,000,000. This equipment was purchased by Habibi Garden at a price of Rp. 120,000,000 and has been depreciated by Rp. 2,000,000 and can still be used for another 10 years.

Requested:

1. Journalize the sale and purchase of the machine.

2. Prepare the required journal entries for the consolidated working papers relating to the machine for 2018 and 2019.             Please answer required 1,2

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