r. Anshori decided to open PO Andalan Jaya. The following is a transaction that occurred at PO Andalan Jaya a. Invested Mr. Anshori's personal money of Rp10,000,000 into PO Andalan Jaya b. Purchased equipment for Rp 2,000,000 in cash c. Purchased equipment for Rp1,000,000 on credit d. Paid Rp.400,000 for the purchase of equipment on credit Requested:

r. Anshori decided to open PO Andalan Jaya. The following is a transaction that occurred at PO Andalan Jaya a. Invested Mr. Anshori's personal money of Rp10,000,000 into PO Andalan Jaya b. Purchased equipment for Rp 2,000,000 in cash c. Purchased equipment for Rp1,000,000 on credit d. Paid Rp.400,000 for the purchase of equipment on credit Requested:

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter11: Long-term Assets

Section: Chapter Questions

Problem 2EA: Jada Company had the following transactions during the year: Purchased a machine for $500,000 using...

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Jada Company had the following transactions during the year: Purchased a machine for $500,000 using a long-term note to finance it Paid $500 for ordinary repair Purchased a patent for $45,000 cash Paid $200,000 cash for addition to an existing building Paid $60,000 for monthly salaries Paid $250 for routine maintenance on equipment Paid $10,000 for major repairs Depreciation expense recorded for the year is $25,000 If all transactions were recorded properly, what is the amount of increase to the Property, Plant, and Equipment section of Jadas balance sheet resulting from this years transactions? What amount did Jada report on the income statement for expenses for the year?
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