P5-3A

a) Starz Departement Store Starz D

Income Statement Retaine
For The Year Ended December 31, 2014 For The Year E
Sales Revenue Retained Earnings (Januar
Sales Revenue 724,000 Net Income
Less : Sales Returns and Allowences 8,000 Less : Dividends
Sales Dsicount 0 8,000 Increased Retained Earing
Net Sales 716,000 Retained Earnings (Decem
Cost of Goods Sold 412,700
Gross Profit 303,300
Operating Expenses :
Depreciation Expense 23,700
Insurance Expense 7,200
Property Tax Expense 4,800
Salaries and Wages Expense 108,000
Sales Commissions Expense 14,500
Utilities Expense 12,000 170,200
Income from Operations 133,100
Other Income and Expense
Interest Revenue 4,000
Interest Expense 8,600
Net Income 128,500

b) Starz Departement Store

Adjusting Entries
December 31, 2014
Date Account Name Debit Credit
31-Dec Accumulated Depr-Building 10,400
Building 10,400
31-Dec Accumulated Depr-Equipment 13,300
Equipment 13,300
31-Dec Depreciation Expense 23,700
Accumulated Depr-Building 10,400
Accumulated Depr-Equipment 13,300
31-Dec Insurance Expense 7,200
Prepaid Insurance 7,200
31-Dec Interest Expense 5,600
Interest Payable 5,600
31-Dec Property Tax Expense 4,800
Property Taxes Payable 4,800
31-Dec Sales Commission Expense 4,300
Sales Commission Payable 4,300
31-Dec Utilities Expense 1,000
 Account Payable 1,000

c) Starz Departement Store

Closing Entries
For The Year Ended December, 31 2014
Date Account Name Debit Credit
31 Jully Sales Revenue 724,000
Income Summary ### 724.00
31 Jully Income Summary 8,000
Sales and Return Allowences ### 8,000
31 Jully Income Summary 75,000
Inventory (Beginning) ### 75,000
31 Jully Inventory (Ending) Dari Cost of Goods Sold tapi di soal g
Income Summary ###
31 Jully Income Summary 169,100
Retained Earnings ### 169,100
 Starz Departement Store Satu lagi kurang statement financial position aku masih bing
Retained Earnings Statement
For The Year Ended Decemeber 31, 2014
Retained Earnings (January 1, 2014) 64,600
Net Income 128,500
Less : Dividends 24,000
Increased Retained Earings 104,500
Retained Earnings (December 31, 2014) 169,100
of Goods Sold tapi di soal gk suruh nyari cost of goods sold jadi harus ngitung sendiri :) datanya untuk ngitung cost of goods sold juga gk le
ncial position aku masih bingung sama 16.000 nya
cost of goods sold juga gk lengkap