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January 2024 Transactions for PT. AAA

PT. AAA, a newly established laptop trading company, commenced operations in January 2024 with various financial transactions including capital investment, asset purchases, sales, and payments. The company adopted specific accounting methods for asset depreciation, inventory valuation, and record-keeping. A detailed list of transactions includes investments, sales on credit and cash, debt payments, and operational expenses throughout the month.

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Santia Asmara
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10 views1 page

January 2024 Transactions for PT. AAA

PT. AAA, a newly established laptop trading company, commenced operations in January 2024 with various financial transactions including capital investment, asset purchases, sales, and payments. The company adopted specific accounting methods for asset depreciation, inventory valuation, and record-keeping. A detailed list of transactions includes investments, sales on credit and cash, debt payments, and operational expenses throughout the month.

Uploaded by

Santia Asmara
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

PT. AAA is a laptop trading company that just started its operations in January 2024.

The following transactions occurred during January:

• On January 1, 2024, the owner invested capital of IDR 1,000,000,000.


• On January 1, PT. AAA also purchased land for IDR 200,000,000. On the land, there
was a building for the store valued at IDR 150,000,000. Thus, PT. AAA made a cash
payment of IDR 350,000,000.
• To start its business, on January 1, 2024, PT. AAA purchased equipment in cash,
namely laptop display racks worth IDR 25,000,000 with a residual value of IDR
1,000,000 and a useful life of 4 years.
• On January 1, 2024, PT. AAA bought 6 Lenovo Thinkpad laptops from PT. XYZ for
IDR 8,000,000 on credit with terms 3/10, n/30.
• On January 7, a customer bought 3 Lenovo Thinkpad laptops for IDR 9,000,000 and
paid cash of IDR 10,000,000, with the remainder to be paid next month.
• On January 8, PT. AAA paid off its trade debt to PT. XYZ.
• On January 10, a customer bought 1 Lenovo Thinkpad laptop for IDR 9,000,000 on
credit.
• On January 11, PT. AAA repurchased 5 Lenovo Thinkpad laptops from PT. XYZ for
IDR 8,100,000 on credit with terms 2/5, n/30.
• On January 15, a customer bought 3 Lenovo Thinkpad laptops for IDR 9,200,000 in
cash.
• On January 20, PT. AAA received payment for the receivable from the customer on
January 10 amounting to IDR 5,000,000, with the remaining to be paid next month.
• On January 25, PT. AAA paid the store's electricity bill for January amounting to IDR
100,000.
• On January 25, PT. AAA paid off its previous debt to PT. XYZ.
• On January 26, PT. AAA repurchased 7 Lenovo Thinkpad laptops from PT. XYZ
without terms for IDR 8,200,000, paid in advance in cash of IDR 15,000,000, with the
remainder to be paid next week.
• On January 30, PT. AAA paid the cashier's salary of IDR 3,000,000.
• On January 30, PT. AAA paid the parking attendant's salary in front of the store of
IDR 1,500,000.
• On January 30, a customer bought 2 laptops for IDR 9,300,000.
• On January 31, PT. AAA paid off its trade debt to PT. XYZ for the purchase on
January 26.
• On January 31, PT. AAA made a payment of IDR 10,000,000 to DMJ Tax
Management for management services.

To record its business transactions, PT. AAA decided on the following:

• Using the straight-line method to depreciate its assets.


• Using the FIFO method to value inventory.
• Using the perpetual method for inventory records.

Record the general journal entries for the January transactions.

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