PT NUSA JAYA is considering setting up several branches to help sell its productline. As an experiment the company set up a branch in Bandung on year 2017 andhas been operating for 3 years. During 2020 PT Semerbak sends inventory at Rp600,000,000 and charge branches at Rp 900.000.000. On December 31 2020, the branchstill has RP 180.000,000 supplies purchased by the head office for Rp 120.000.000.The following balances are reported in the trial balance for the head office and branchesas of December 31, 2020 (in IDR 000)accountKasAccounts ReceivablePreparationLandBuilding & EquipmentInvestment in Cab BandungDividends announcedCost Of Goods SoldDepreciation ExpenseOther expensesAccumulated DepreciationEquity DebtDebt BondsCommon StockHead OfficeRetained EarningsUnrealized Intra-Company ProfitSalesBandung Branch ProfitIntra-Company Profit RealizedtotalHead OfficeDebit600.000700.0001.100.000800.0007.000.0004.300.000200.0002.400.000300.000200.000Credits3.500.000900.0003.000.0002.000.0004.600.00060.0003.000.000300.000240.00017.600.000 17.600.000Bandung BranchDebit550.000400.000800.000400.0004.000.0001.200.000150.000350.0007.850.000Creditsrequested:a. Make and complete the working paper as of December 31, 2020 to make areport Joint Finance PT NUSA JAYA and branch1.650.000200.0004.000.0002.000.0007.850.000Page 1 of 3

To prepare a consolidated financial statement for PT NUSA JAYA and its Bandung branch as of December…

PT NUSA JAYA is considering setting up several branches to help sell its product line. As an experiment the company set up a branch in Bandung on year 2017 and has been operating for 3 years. During 2020 PT Semerbak sends inventory at Rp 500,000,000 and charge branches at Rp 900. 000.000. On December 31 2020, the branch still has RP 180. 000,000 supplies purchased by the head office for Rp 120.000.000. The following balances are reported in the trial balance for the head office and branches as of December 31, 2020 (in IDR 000)

PT NUSA JAYA is considering setting up several branches to help sell its product line. As an experiment the company set up a branch in Bandung on year 2017 and has been operating for 3 years. During 2020 PT Semerbak sends inventory at Rp 500,000,000 and charge branches at Rp 900. 000.000. On December 31 2020, the branch still has RP 180. 000,000 supplies purchased by the head office for Rp 120.000.000. The following balances are reported in the trial balance for the head office and branches as of December 31, 2020 (in IDR 000)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Master Budget

A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.

Sales Budget and Selling

A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.

Question

PT NUSA JAYA is considering setting up several branches to help sell its product
line. As an experiment the company set up a branch in Bandung on year 2017 and
has been operating for 3 years. During 2020 PT Semerbak sends inventory at Rp
600,000,000 and charge branches at Rp 900.000.000. On December 31 2020, the branch
still has RP 180.000,000 supplies purchased by the head office for Rp 120.000.000.
The following balances are reported in the trial balance for the head office and branches
as of December 31, 2020 (in IDR 000)
account
Kas
Accounts Receivable
Preparation
Land
Building & Equipment
Investment in Cab Bandung
Dividends announced
Cost Of Goods Sold
Depreciation Expense
Other expenses
Accumulated Depreciation
Equity Debt
Debt Bonds
Common Stock
Head Office
Retained Earnings
Unrealized Intra-Company Profit
Sales
Bandung Branch Profit
Intra-Company Profit Realized
total
Head Office
Debit
600.000
700.000
1.100.000
800.000
7.000.000
4.300.000
200.000
2.400.000
300.000
200.000
Credits
3.500.000
900.000
3.000.000
2.000.000
4.600.000
60.000
3.000.000
300.000
240.000
17.600.000 17.600.000
Bandung Branch
Debit
550.000
400.000
800.000
400.000
4.000.000
1.200.000
150.000
350.000
7.850.000
Credits
requested:
a. Make and complete the working paper as of December 31, 2020 to make a
report Joint Finance PT NUSA JAYA and branch
1.650.000
200.000
4.000.000
2.000.000
7.850.000
Page 1 of 3

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