1. 2nd Class Assignment By ANBI assistants

2. 1. EX 2-1 The following accounts appeared in recent financial statements of Garuda Indonesia Identify each account as either a balance sheet account or an income statement account. For each balance sheet account, identify it as an asset, a liability, or owner’s equity. For each income statement account, identify it as a revenue or an expense Accounts PayableFlight Equipment Aircraft Fuel ExpenseLanding Fees Air Traffic LiabilityPassenger Revenue Cargo and Mail RevenuePurchase Deposits for Flight Equipment CommissionsSpare Parts and Supplies

3. 2. EX 2-4 Lemon Jaya is a travel agency. The nine transactions recorded by Lemon during March 2008, its first month of operations, are indicated in the following T accounts Cash (1) 30,000,000(2) 1,800,000 (7) 10,000,000(3) 9,000,000 (4) 3,050,000 (6) 7,500,000 (8) 2,500,000 Equipment (3) 24,000,000 Lemon Jaya, Drawing (8) 2,500,000

4. Indicate for each debit and each credit : (a) whether an asset, liability, owner’s equity, drawing, revenue, or expense account was affected and (b) whether the account was increased (+) or decreased (-). Present your answer in the following form, with transaction (1) given as an example: Accounts Receivable (5) 15,000,000(7) 10,000,000 Accounts Payable (6) 7,500,000(3) 15,000,000 Service Revenue (5) 15,000,000 Supplies (2) 1,800,000(9) 1,050,000 Lemon Jaya, Capital (1) 30,000,000 Operating Expenses (4) 3,050,000 (9) 1,050,000 Account DebitedAccount Credited TransactionTypeEffectTypeEffect (1)asset+Owner’s equity +

5. 3. EX 2-5 EX 2-6 Based upon the T accounts in number 2 (Exercise 2-4) a.prepare the nine journal entries from which the postings were made. Journal entry explanations may be omitted b.prepare an unadjusted trial balance, listing the accounts in their proper order

6. 4. EX 2-15 The following selected transactions were completed during May of the current year : 1.Billed customers for fees earned, Rp 12,190,000 2.Purchased supplies on account, Rp 1,250,000 3.Received cash from customers on account, Rp 9,150,000 4.Paid creditors on account, Rp 750,000 a.Journalize the above transactions in a two-column journal, using the appropriate number to identify the transactions. Journal explanations may be omitted b.Post the entries prepared in (a) to the following T accounts : cash, supplies, account receivable, accounts payable, fees earned. To the left of each amount posted in the accounts, place the appropriate number to identify the transactions.