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8/13/2019 e: Basic Concepts of Accounting(AccountingRecordandSystem).pptx
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Accounting Records and Systems
(3rd and 4th Week Assignment)
By
Alexander H.K.P
Kelas F-1311306356040
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Problem 4-2
Transaction Analysis During May1. The Company Prepaid $14,340 rent for the period May 1- October 31
Analysis :Transaksi ini mengurangi Cash sebesar $14,340 (cr)
Dan menambah Asset dari Prepaid Rent sebesar$14,340 (dr)
2. Sales Discount and allowance were $34,150
Analysis:
Sales Discount and allowance adalah hasil dari pengurangan penjualan kotor (gross sale)
untuk mendapatkan penjualan bersih (net sales) yang dicatatkan sebagai Expense.
Expense bertambah maka,
Sales Discount and allowance $34,150 (dr)
Lawan dari Sales Discount and allowance adalah Provision for Sales Discounts and
Allowances sebagai liabilities bertambah sebesar $34,150 (cr)
3. A loan for $3,500 at 12 % interest continued to be owed to the company by one of its
employees, who made no payment related to this loan during May.
Analysis :
Pinjaman dari perusahaan untuk bulan mei yg belum dibayarkan , dengan asumsi
pinjaman periode 1 tahun, sebesar $3,500 dengan bunga 12 % / tahun 1 %
perbulan, Maka
Interest Receivable pada Asset bertambah sebesar $35 (dr) (hasil dari $3,500 * 1 %)Interest Income pada Pendapatan lainnya bertambah sebesar $35 (cr)
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Problem 4-2
Transaction Analysis During May4. Depreciation expense was $13,660
Analysis:Transaksi ini Menambah Depreciation Expense sebesar $13,660 (dr)
Dan Accumulated depreciation pada asset sebesar $13,660 (cr)
5. Customer paid $2,730 for services they will not receive until sometime in June
Analysis:
Transaksi ini menambah $2,730 pada cash (dr)
Dan menambah Deffered revenue pada liability sebesar $2,730 (cr)
6. Purchased $172 worth of stamps and used $100 worh of them
Analysis :
Transaksi ini mengurangi cash sebesar $172 (cr)
Menambah Stamp Expense sebesar $100 (dr)
Dan menambah Inventory pada Asset sebesar $72 (dr)
7. Allowance for Doubtfull Accounts was increased by $1,350
Analysis:
Transaksi ini Menambah Bad Debt Expense sebesar $1,350 (dr)
Dan menambah Allowance for Doubtful Accounts sebesar $1,350 (cr) yang akan
mengurangi account receivable
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Problem 4-2 : Journal for Woodside Company
As Of May
Date Descriptions Dr
(in $)
Cr
(in $)
1 Prepaid Rent 14,340
Cash 14,340
2 Sales Discounts and Allowances 34,150
Provision for Sales Discounts and Allowances 34,150
3 Interest Receivable 35
Interest Income 35
4 Depreciation Expense 13,660
Accumulated Depreciation 13,660
5 Cash 2,730
Deferred revenue 2,7306 Stamp Expense 100
Stamp Inventory 72
Cash 172
7 Bad debt expense 1,350
Allowance for doubtful accounts 1,350
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Problem 5-4 Hurron Corporation Bad
Debts Analysis
Berdasarkan Keterangan yang diberikan, untuk
periode 31 December, fakta yang didapat
adalah :
1. Balance pada Account Receivable sebesar
$750,000
2. Dan Balance pada Allowance for Doubtful
Accounts sebesar$37,500
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a. Perhitungan Pada Allowance for
Doubtful Accounts Pada 31 DecemberDays Account Outstanding Amount Expected percentage
Uncollectible *
Estimated Uncollectible
0-15 days $450,000 .01 $ 4,500
16-30 days 150,000 .06 9,000
31-45 days 75,000 .20 15,000
46-60 days 45,000 .35 15,750
61-75 15,000 .50 7,500
Balance for Allowance for
Doubtful Accounts
$51,750
* (Probability of collection.)
Untuk akun yg memiliki 0 % kemungkinan untuk ditagih dan memiliki jangka
waktu tagih > 75 hari, dilakukan penghapusan
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b. Nilai pada Account Receivable pada
31 December• Seperti data yg sudah diketahui
Account Receivable semula $735,000
Setelah dilakukan perhitungan nilai untuk Allowance for Doubtful Accounts
pada point A sebesar $51,750, Maka Nett Account Receivable setelah
dikurangi Allowance for Doubtful Accounts sebesar $683,250 . Sepertidapat terlihat pada tabel dibawah ini:
Date Descriptions Dr (in $) Cr (in $)
Account Receivable 735,000
Less : Allowance for DoubtfulAccounts
51,750
31 Dec Nett Accounts Receivable 683,250
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c. Dollar Effect of the year-end Bad
debt Adjustment• Sebelumnya diketahui
1. Estimasi Nilai pada Allowance for Doubtfull Accounts pada tabel point a. Sebesar $51,750
2 . Nilai pada Allowance for Doubtful Accounts sebesar $37,500
Pada 31 December dilakukan penghapusan untuk transaksi yg memiliki 0 % pada Probability of
collection dgn jangka waktu tagih > 75 hari sebesar $15,000
Maka, balance pada Allowance for Doubtful accounts setelah write off tetapi sebelumAdjustment adalah sebesar :
Adjustment $37,500 - $15,000 = $22,500
Maka pada ahir periode Bad Debt Adjustment akan mengurangi penghasilan sebelum pajak
sebesar $29,250 (Hasil dari $51,750 – $15,000):
Estimated Bad Debt Expense (in $)
51,750 (1)
22,500 (2)
Estimated Bad Debt Expense
= 29,250
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Case 4-3 : Copies Express
Transaction AnalysisBerdasarkan :
1. Cash and receipts disbrussements pada Exhibit 2
2. Other information pada exhibit 3
Dapat Dibuat Analisa Transaksi sebagai berikut,
From EXHIBIT 2 :
1. Cash bertambah sebesar $176,450 (dr)2. Sales Bertambah $176,450 (cr)
3. Penjualan dibayar kredit, Account Receivable bertambah $67,450 (dr)
4. Sales Bertambah $67,450 (cr)
5. Hasil collect ,Cash Bertambah $67,450 (dr)
6. Account Receivable berkurang $67,450 (cr)
7. Expense Heat,Light, Power $15,000 (dr)
8. Cash Berkurang $15,000 (cr)9. Supplies Inventory bertambah $52,600 (dr)
10. Cash Berkurang $52,600 (cr)
11. Expense Selling and Administration $28,375 (dr)
12. Cash Berkurang $28,375 (cr)
13. Expense Interest $2,880 (dr)
14. Cash Berkurang $2,880 (cr)
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Case 4-3 : Copies Express
Transaction Analysis15. Bank Loan berkurang $12,000 (dr)
16. Cash Berkurang $12,000 (cr)
17. Accounts Payable berkurang $10,400 (dr)
18. Cash Berkurang $10,400 (cr)
From Exhibit 3 :
19. Supplies Inventory $9,875 (dr)
20. Account Payable $9,875 (cr)
21. Depreciation Expense $15,000 (dr)
22. Accumulated Deprecitation $15,000 (cr)
23. Accounts Receivable $11,000 (dr)
24. Sales $11,000 (cr)
25. Cost of Supplies Used $60,250 (dr)26. Supplies inventory berkurang $60,250 (cr)
27. Tax Expense $11,593 (dr)
28. Tax Payable $11,593 (cr)
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Journal EntriesDate 2010 Description Dr (in $) Cr (in $)
1 Cash 176,450
Sales 176,450
2 Account Receivable 64,750
Sales 64,750
Cash 64,750
Accounts Receivable 64,7503 Wages & Salaries Expense 85,750
Cash 85,750
4 Heat, Light & Power Expense 15,000
Cash 15,000
5 Supplies Inventory 52,600
Cash 52,600
6 Expense Selling & Administration 28,375
Cash 28,375
7 Interest Expense 2,880
Cash 2,880
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Journal Entries
Date 2010 Description Dr (in $) Cr (in $)8 Bank Loan 12,000
Cash 12,000
9 Accounts Payable 10,400
Cash 10,400
10 Supplies Inventory 9,875
Accounts Payable 9,875
11 Depreciation Expense 15,000
Acc. Depreciation 15,000
12 Accounts Receivable 11,000
Sales 11,000
13 Cost of Supplies Used 60,250
Supplies Inventory 60,250
14 Tax Expense 11,593
Tax Payable 11,593
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Adjustment (in $)
Sales
176,450 (1)
64,750 (2)
11,000 (12)
Total Sales 252,200
Cost Of Supplies Used
60,250 (13)
Wages & Salaries Expense
85,750 (3)
Cash
2,000
176,450 (1) 85,750 (3)
64,750 (2) 15,000 (4)
52,600 (5)
28,375 (6)
2,880 (7)
12,000 (8)
10,400 (9)
Total Cash
= 36,195
Selling & Admin Expense
28,375 (6)
Depreciation
15,000 (11)
Interest Expense
2,880 (7)
Income Taxes Expense
11,593(14)
Building & Equipment
300,000
Land
12,000
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Copies Express
Income Statement
For Year Ended December 31, 2010
Sales $252,200
Operating Expenses :
Cost of Supplies Used $60,250
Wages and Salaries 85,750
Heat, Light and Power 15,000
Selling and Administration 28,375
Depreciation 15,000
Total 204,375
Operating Income47,825
Interest Expense 2,880
Income Before Taxes 44,945
Income Taxes 11,593
Net Income $ 33,352
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Retained Earnings
• Dari Hasil Income statements dapat terlihat
bahwa terdapat Net Income sebesar $ 33,352
Yang mempengaruhi :
• Retained Earnings $ 33,352
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Copies Express
Balance Sheet
As Of December 31, 2010 (in $)
Assets Liabilities and Owners’
Equity
Current assets : Current liabilities :
Cash 36,195 Accounts payable 9,875
Accounts receivable 11,000 Taxes payable 11,593
Supplies inventory 26,625 Total 21,468
Total 73,820 Long-term debt:
Property, plant and equipment Bank loan 12,000
Building and equipment 300,000 Owners’ equity:
Less: Accumulated
depreciation
15,000 285,000 Capital stock 304,000
Land 12,000 Retained earnings 33,352
Total Assets 297,000 Total 337,352
$370,820 Total liabilities and owners’
equity
$370,820
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Case 5-1 : Stern Corporation
Dapat Diketahui bahwa:
No Date Desription Dr (in $) Cr (in $)
1 2010 Accounts Receivable 9,965,575
Sales 9,965,575
2 2010 Cash 9,685,420
Accounts Receivable 9,685,420
3 2010 Allowance for DoubtfulAccounts
26,854
Accounts
Receivable
26,854
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Transaction Analysis
4. Cash Bertambah $3,674 ($2,108 + $1,566) (dr)
5. Allowance for Doubtful Accounts bertambahsebesar $4,594 ( $2,108 + $2,486) (cr)
6. Bad Debt Expense Berkurang $3,674 (cr)7. Other Income bertambah $3,674 (cr)
8. Accounts Receivable, December 31, 2009
$988,2579. Yang masih bisa ditagih dari Partial Payment (4)sebesar $920 ($2,486 - $1,566)
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Account Receivable Remaining
AnalysisDate Description Dr (in $) Cr (in $)
2009 Accounts Receivable, December
31, 2009
988,257
2010 Accounts Receivable, December
31, 2010
9,965,575
Total 10,953,832
2010 Account Receivable Payment 2010 9,685,420
Total 1,268,412
2010 written off in 2010 26,854
Total 1,241,558
2010 Still In Due 920
Total $1,242,478
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Bad Debts Analysis
• bad debt expense = 0.3 percent * $1,242,478 =
$37,274
• Maka :
Descriptions Reff Amount (in $)
Allowance for Doubtful Accounts, December 31,
2009
29,648
Less Accounts Receivable written off in 2010 (3) 26,854
2,794
increase to Allowance for Doubtful Accounts (4) 4,594
Balance in account 7,388
additional bad debt expense 29,886
Total allowance for Doubtful Accounts, December
31, 2010
$37,274
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Balance of Accounts 2010
• Diketahui dari Analisa Sebelumnya didapat :
• Maka Account Receivable Untuk 2010 adalah :
Date Description Amount
2010 Total allowance for Doubtful
Accounts, December 31, 2010
$37,274
Balance of accounts as of December 31, 2010:Accounts Receivable $1,242,478
Less allowance for doubtful accounts 37,274
$1,205,204