Name : Rahma Dewi

Class : 2AD
NPM : 061930500105

1. PT Damai Sejahtera in Jakarta is a sport equipment trading company that sold Inventory in
amount of 15 units with the price Rp7.500.000 each unit to PT Maron on April 20th, 2020.
Accounting Policy: Inventories System is Perpetual, The Credit Term is n/30, Trade Discount
is 10% if they sold over than 5 units, Cash Discount is 5/15 with Cross Method, The Gross
Profit Rate is 75% from Sales. Account Receivable Rating Method: Allowance with analysis
of aging the receivables, which are: over than ≤ 30 days: 5%, over than ≤ 31- 60 days: 10%,
over than 61 – 90 days: 15%, over than ≥ 91 days: 20%, with formula below:
Bad Debt = Estimation % Bad Debt per age classification x Account Receivable that has
been out of the limit per age classification.
Bad Debt will be deleted if during 6 month it cannot be billed.

Answer:
Adjusting Journal of the Bad Debt Expense Estimation:
December 31st, 2019 – Bad Debt Expense Rp17.250.000
Allowance for Doubtful Debt Rp17.250.000

Calculation:
Based on aging the receivable list, Total of Bad Debt is Rp so it has been recognized that happen
in December 31st, 2019 even if, maybe in the next period 2020, it will be recognized as an
Expense and should make the new account which is contra with Account Receivable: Normal
balance of Allowance for Doubtful Debt is on credit.
Bad Debt Expense → added Rp17.250.000
Allowance for Doubtful Debt → added Rp17.250.000

Analysis from Additional Ledger of Account Receivable:

Due Date until Age
Costumer Balance
last period Classification
CV Roma Rp25.000.000 = 31/8 - 31/12
= 42 days 31 - 60 days
PT Sukma Rp45.000.000 = 26/12- 31/12
 = 5 days ≤ 30 days
PT Bahagia Rp30.000.000 = 15/10- 31/12
= 78 days ≥ 61 days
Firma Sejahtera Rp55.000.000 = 29/3 - 31/12
= 93 days ≥ 91 days

Analysis Age the Receivable List in 2019

More than Due
Costumer Balance
Date
≤ 30 days 31 - 60 days 61 - 90 days ≥ 91 days
CV Roma Rp25.000.000 -- Rp25.000.000 -- --
PT Sukma Rp45.000.000 Rp45.000.000 -- -- --
PT Bahagia Rp30.000.000 -- -- Rp30.000.000 --
Firma Sejahtera Rp55.000.000 -- -- -- Rp55.000.000
Total Rp155.000.000 Rp45.000.000 Rp25.000.000 Rp30.000.000 Rp55.000.000
% Bad Debt 5% 10% 15% 20%
Total Bad Debt Rp2.250.000 + Rp45.000.000 x 5% Rp25.000.000 x Rp30.000.000 x Rp55.000.000 x
Rp2.500.000 + = Rp2.250.000 10% 15% = 20%
Rp4.500.000 + = Rp2.500.000 Rp4.500.000 = Rp11.000.000
Rp11.000.000 =
Rp20.250.000

Based on Allowance for Doubtful Debt Ledger, balance in December 31 st 2019 before posting to
adjusting journal in amount of Rp3.000.000

Analysis:
Because of the Allowance for Doubtful Debts Account has normal balance in Credit, Estimation
for Allowance for Doubtful Debt from Aging Receivable List in amount of Rp10.750.000 should
be recount for record in Adjusting journal, which is
Allowance for Doubtful Debt = The estimation of Doubtful Debt – Credit Balance
= Rp20.250.000 – Rp3.000.000
= Rp17.250.000
It means Allowance has been estimated in amount of Rp20.250.000 is more than enough, so
that’s why it should be decreased Rp3.000.000 that it is on Credit. It means there is an exceed of
Allowance in previous period that has been exist in amount of Rp3.000.000

Inventory has been sold = Price/Unit x Quantity x (100% - %Trade Discount)

= Rp7.500.000/quantity x 15 quantity x (100% - 10%)
= Rp112.500.000 x 90%
 = Rp101.250.000
Inventory has been sold = Price/Unit x Quantity x (100% - %Trade Discount) x (100% - %Cash
Discount)
= Rp7.500.000/quantity x 15 quantity x (100% - 10%) x (100% - 0%)
→ because Gross Method
= Rp101.250.000

Cost of Goods Sold = Cost of Goods Sold Rate x Sales

= (100% - Gross Profit Rate) x Sales
= (100% - 75%) x Rp112.500.000
= Rp28.125.000

Account Receivable → added in amount of Rp101.250.000

Sales → added in amount of Rp101.250.000
Cost of Goods Sold → added in amount of Rp28.125.000
Merchandise Inventory → decreased in amount of Rp28.125.000

Journal for receiving the Account Receivable:

May 15th, 2019 – There is no Journal because Costumer didn’t do the payment because they have
bankrupt

Journal for erasing Bad Debt Expense:

July 15th, 2019 – Bad Debt Expense Rp101.250.000
Account Receivable Rp101.250.000
Calculation:
Bad Debt Expense is erased in amount of Rp101.205.000 on July 15 th, 2019 because it has been
passed along 6 month from the transaction on December 15 th, 2020 that recognized as loss and
recorded as an Expense and also balance of Account Receivable will be erased or denied.
Bad Debts Expense → added in amount of Rp101.250.000
Account receivable → decreased in amount of Rp101.250.000
Adjusting Journal for the estimation of Bad Debt Expense:
December 31st, 2020 – Bad Debt Expense Rp8.250.000
Allowance for Doubtful Debt Rp8.250.000
Calculation:
Based on aging the receivable list, Total of Bad Debt is Rp8.250.000 so it has been recognized
that happen in December 31st, 2020 even if, maybe in the next period 2021, it will be recognized
as an Expense and should make the new account which is contra with Account Receivable:
Normal balance of Allowance for Doubtful Debt is on credit.
Bad Debt Expense → added Rp8.250.000
Allowance for Doubtful Debt → added Rp8.250.000

Analysis from Additional Ledger of Account Receivable

Due Date
Age
Costumer Balance Until Last
Classification
Period
= 5/11 - 31/12
CV Roma Rp25.000.000
= 55 days 31 - 60 days
= 16/12- 31/12
PT Sukma Rp35.000.000
= 15 days ≤ 30 days
= 15/10 - 31/12
PT Bahagia Rp40.000.000
= 78 days 61 - 90 days
= 28/9 - 31/12
Firma Sejahtera Rp15.000.000
= 94 days ≥ 91 days

Analysis Age the Receivable List in 2020

Over Than Due
Costumer Balance
Date
≤ 30 days 31 - 60 days 61 - 90 days ≥ 91 days
CV Roma Rp25.000.000 -- Rp25.000.000 -- --
PT Sukma Rp35.000.000 Rp35.000.000 -- -- --
PT Bahagia Rp40.000.000 -- -- Rp40.000.000 --
Firma Sejahtera Rp15.000.000 -- -- -- Rp15.000.000
Total Rp80.000.000 Rp35.000.000 Rp25.000.000 Rp40.000.000 Rp15.000.000
% Bad Debt 5% 10% 15% 20%
Total of Bad Debt Rp1.750.000 +
Rp2.000.000 + Rp35.000.000 x 5% Rp25.000.000 x Rp40.000.000 x Rp15.000.000 x
Rp6.000.000 + = Rp1.750.000 10% 15% 20%
Rp3.000.000 = = Rp2.000.000 = Rp6.000.000 = Rp3.000.000
Rp12.750.000

Based on Allowance for Doubtful Debt Ledger, balance on December 31 st, 2019 before posting in
Adjusting Journal is:
Credit Rp17.250.000 – Debit Rp101.250.000 = Debit Rp88.500.000
Analysis:
Because of the Allowance for Doubtful Debts Account has normal balance in Credit, Estimation
for Allowance for Doubtful Debt from Aging Receivable List in amount of Rp12.750.000 should
be recount for record in Adjusting journal, which is
Allowance for Doubtful Debt = The estimation of Doubtful Debt – Credit Balance
= Rp12.750.000 – Rp88.500.000
= Rp101.250.000
It means Allowance has been estimated in amount of Rp8.250.000 is not enough yet, so that’s
why it should be added Rp88.500.000 that it is on Debit. It means there is missed of Allowance
in previous period that has been exist in amount of Rp17.250.000

2. PT Damai Sejahtera in Jakarta is a sport equipment trading company that sold Inventory in
amount of 15 units with the price Rp7.500.000 each unit on April 20 th, 2019. Accounting
Policy: Inventories System is Perpetual, The Credit Term is n/30, Trade Discount is 10% if
they sold over than 5 units, Cash Discount is 5/15 with Cross Method, Gross Profit Rate is
75% from Sales. Account Receivable Rating Method: Direct deleted when during 2 month
the Account Receivable didn’t accepted.

Answer:
Journal when sell the Inventory on credit:
April 20th, 19 - Account Receivable Rp101.250.000
Sales Rp101.250.000

- Cost of Goods Sold Rp28.125.000

Merchandise Inventory Rp28.125.000
Calculation:
Inventory has been sold = Price/Unit x Quantity x (100% - %Trade Discount)
= Rp7.500.000/quantity x 15 quantity x (100% - 10%)
= Rp112.500.000 x 90%
= Rp101.250.000
Inventory has been sold = Price/Unit x Quantity x (100% - %Trade Discount) x (100% - %Cash
Discount)
= Rp7.500.000/quantity x 15 quantity x (100% - 10%) x (100% - 0%)
→ because Gross Method
= Rp101.250.000

Cost of Goods Sold = Cost of Goods Sold Rate x Sales

= (100% - Gross Profit Rate) x Sales
= (100% - 75%) x Rp112.500.000
= Rp28.125.000
Account Receivable → added in amount of Rp101.250.000
Sales → added in amount of Rp101.250.000
Cost of Goods Sold → added in amount of Rp28.125.000
Merchandise Inventory → decreased in amount of Rp28.125.000
Journal when receiving Account Receivable:
April 25th, 2019 – Cash Rp96.188.000
Trade Discount Rp5.062.000
Account Receivable Rp101.250.000
Receiving = Price/Unit x Quantity x (100% - %Trade Discount) x (100% - %Cash Discount)
= Rp7.500.000/u x 15u x (100% - 10%) x (100% - 5%) → because of still in
Discount period
=Rp96.188.000
Cash Discount = Price/Unit x Quantity x (100% - %Trade Discount) x (%Cash Discount)
= Rp7.500.000/u x 15u x (100% - 10%) x 5%
= Rp5.062.000
Cash - → added Rp96.188.000
Cash Discount - → added Rp5.062.000 → Loss that it is recognized
Account Receivable - → decreased Rp101.250.000
3. 2A. PT Damai Sejahtera in Jakarta is a sport equipment trading company that sold Inventory
in amount of 15 units with the price Rp7.500.000 each unit on April 20 th, 2019. Accounting
Policy: Inventories System is Perpetual, The Credit Term is n/30, Trade Discount is 10% if
 they sold over than 5 units, Cash Discount is 5/15 with Net Method, Gross Profit Rate is 75%
from Sales. Account Receivable Rating Method: Direct deleted when during 2 month the
Account Receivable didn’t accepted.
Answer:
Journal when sell the Inventory on credit:
April 20th, 19 - Account Receivable Rp96.188.000
Sales Rp96.188.000

- Cost of Goods Sold Rp28.125.000

Merchandise Inventory Rp28.125.000
Calculation:
Inventory has been sold = Price/Unit x Quantity x (100% - %Trade Discount)
= Rp7.500.000/quantity x 15 quantity x (100% - 10%)
= Rp112.500.000 x 90%
= Rp101.250.000
Inventory has been sold = Price/Unit x Quantity x (100% - %Trade Discount) x (100% - %Cash
Discount)
= Rp7.500.000/quantity x 15 quantity x (100% - 10%) x (100% - 5%)
→ because Net Method
= Rp96.188.000

Cost of Goods Sold = Cost of Goods Sold Rate x Sales

= (100% - Gross Profit Rate) x Sales
= (100% - 75%) x Rp112.500.000
= Rp28.125.000
Account Receivable → added in amount of Rp96.188.000
Sales → added in amount of Rp96.188.000
Cost of Goods Sold → added in amount of Rp28.125.000
Merchandise Inventory → decreased in amount of Rp28.125.000

Journal when receiving Account Receivable:

April 25th, 2019 – Cash Rp96.188.000
Account Receivable Rp96.188.000
Receiving = Price/Unit x Quantity x (100% - %Trade Discount) x (100% - %Cash Discount)
= Rp7.500.000/u x 15u x (100% - 10%) x (100% - 5%) → because of still in
Discount period
=Rp96.188.000
Cash - → added Rp96.188.000
Account Receivable - → decreased Rp96.188.000
4. 2b. . PT Damai Sejahtera in Jakarta is a sport equipment trading company that sold Inventory
in amount of 15 units with the price Rp7.500.000 each unit on April 20 th, 2019. Accounting
Policy: Inventories System is Perpetual, The Credit Term is n/30, Trade Discount is 10% if
they sold over than 5 units, Cash Discount is 5/15 with Net Method, Gross Profit Rate is 75%
from Sales. Account Receivable Rating Method: Direct deleted when during 2 month the
Account Receivable didn’t accepted.
Answer:
Journal when sell the Inventory on credit:
April 20th, 19 - Account Receivable Rp96.188.000
Sales Rp96.188.000

- Cost of Goods Sold Rp28.125.000

Merchandise Inventory Rp28.125.000
Calculation:
Inventory has been sold = Price/Unit x Quantity x (100% - %Trade Discount)
= Rp7.500.000/quantity x 15 quantity x (100% - 10%)
= Rp112.500.000 x 90%
= Rp101.250.000
Inventory has been sold = Price/Unit x Quantity x (100% - %Trade Discount) x (100% - %Cash
Discount)
= Rp7.500.000/quantity x 15 quantity x (100% - 10%) x (100% - 5%)
→ because Net Method
= Rp96.188.000
Cost of Goods Sold = Cost of Goods Sold Rate x Sales
= (100% - Gross Profit Rate) x Sales
= (100% - 75%) x Rp112.500.000
= Rp28.125.000
Account Receivable → added in amount of Rp96.188.000
Sales → added in amount of Rp96.188.000
Cost of Goods Sold → added in amount of Rp28.125.000
Merchandise Inventory → decreased in amount of Rp28.125.000
Journal when received Account Receivable:
May 7th, 2019 - Cash Rp101.250.000
Trade Discount Rp5.062.000
Account Receivable Rp96.188.000
Receiving = Price/Unit x Quantity x (100% - %Trade Discount) x (100% - %Cash Discount)
= Rp7.500.000/u x 15u x (100% - 10%) x (100% - 5%) → because of still in
Discount period
=Rp96.188.000
Cash Discount = Price/Unit x Quantity x (100% - %Trade Discount) x (%Cash Discount)
= Rp7.500.000/u x 15u x (100% - 10%) x 5%
= Rp5.062.000
Cash -→ added Rp101.250.000
Trade Discount -→ added Rp5.062.000 → Loss that is accepted
Account Receivable -→ decreased Rp96.188.000

5. 3a. PT Damai Sejahtera in Jakarta is a sport equipment trading company that sold Inventory
in amount of 15 units with the price Rp7.500.000 each unit on April 20 th, 2019. Accounting
Policy: Inventories System is Periodik, The Credit Term is n/30, Trade Discount is 10% if
they sold over than 5 units, Cash Discount is 5/15 with Gross Method, Gross Profit Rate is
75% from Sales. Account Receivable Rating Method: Direct deleted when during 2 month
the Account Receivable didn’t accepted.
Answer:
Journal when received Account Receivable on credit:
April 20th, 2019 - Account Receivable Rp101.250.000
 Sales Rp101.250.000

Calculation:
Inventory has been sold = Price/Unit x Quantity x (100% - %Trade Discount)
= Rp7.500.000/quantity x 15 quantity x (100% - 10%)
= Rp112.500.000 x 90%
= Rp101.250.000
Inventory has been sold = Price/Unit x Quantity x (100% - %Trade Discount) x (100% - %Cash
Discount)
= Rp7.500.000/quantity x 15 quantity x (100% - 0%) x (100% - 5%) →
because Gross Method
= Rp101.250.000

Cost of Goods Sold = Cost of Goods Sold Rate x Sales

= (100% - Gross Profit Rate) x Sales
= (100% - 75%) x Rp112.500.000
= Rp28.125.000 →Do not need to put into Journal
Account Receivable → added Rp101.250.000
Sales →added Rp101.250.000
Journal when receiving Account Receivable:
April 25th, 2019 – Cash Rp101.250.000
Account Receivable Rp101.250.000
Receiving = Price/Unit x Quantity x (100% - %Trade Discount) x (100% - %Cash Discount)
= Rp7.500.000/u x 15u x (100% - 10%) x (100% - 0%) → because out of
Discount period
=Rp101.250.000
Cash - → added Rp101.250.000
Account Receivable - → decreased Rp101.250.000
6. 3b. PT Damai Sejahtera in Jakarta is a sport equipment trading company that sold Inventory
in amount of 15 units with the price Rp7.500.000 each unit on April 20 th, 2019. Accounting
Policy: Inventories System is Periodik, The Credit Term is n/30, Trade Discount is 10% if
 they sold over than 5 units, Cash Discount is 5/15 with Net Method, Gross Profit Rate is 75%
from Sales. Account Receivable Rating Method: Direct deleted when during 2 month the
Account Receivable didn’t accepted.
Answer:
Journal when sell the Inventory on credit:
April 20th, 19 - Account Receivable Rp96.188.000
Sales Rp96.188.000
Calculation:
Inventory has been sold = Price/Unit x Quantity x (100% - %Trade Discount)
= Rp7.500.000/quantity x 15 quantity x (100% - 10%)
= Rp112.500.000 x 90%
= Rp101.250.000
Inventory has been sold = Price/Unit x Quantity x (100% - %Trade Discount) x (100% - %Cash
Discount)
= Rp7.500.000/quantity x 15 quantity x (100% - 10%) x (100% - 5%)
→ because Net Method
= Rp96.188.000

Cost of Goods Sold = Cost of Goods Sold Rate x Sales

= (100% - Gross Profit Rate) x Sales
= (100% - 75%) x Rp112.500.000
= Rp28.125.000→Do not to put into Journal

Account Receivable → added in amount of Rp96.188.000

Sales → added in amount of Rp96.188.000

Journal when received Account Receivable:

April 25th, 2019 - Cash
Account Receivable

Receiving = Price/unit x Quantity x (100% - %Trade Discount) x (100% - %Cash Discount)

 = Rp7.500.000/u x 10u x (100% - 10%) x (100% - 5%) → because still in the
Discount Period
= Rp96.188.000

Cash -→ added Rp101.250.000

Account Receivable -→ decreased Rp101.250.000

4a. PT Damai Sejahtera in Jakarta is a sport equipment trading company that sold Inventory in
amount of 15 units with the price Rp7.500.000 each unit on April 20 th, 2019. Accounting Policy:
Inventories System is Perpetual, The Credit Term is n/30, Trade Discount is 10% if they sold
over than 5 units, Cash Discount is 5/15 with Net Method, Gross Profit Rate is 75% from Sales.
Freight Out for Costumer will be paid by Seller in amount of Rp100.000/unit because of free
freight out promotion Policy and it is recognized as an Expense. Account Receivable Rating
Method: Direct deleted when during 2 month the Account Receivable didn’t accepted.
Answer:
Journal when sell the Inventory on credit:
April 20th, 19 - Account Receivable Rp101.250.000
Sales Rp101.250.000

- Cost of Goods Sold Rp28.125.000

Merchandise Inventory Rp28.125.000
Calculation:
Inventory has been sold = Price/Unit x Quantity x (100% - %Trade Discount)
= Rp7.500.000/quantity x 15 quantity x (100% - 10%)
= Rp112.500.000 x 90%
= Rp101.250.000
Inventory has been sold = Price/Unit x Quantity x (100% - %Trade Discount) x (100% - %Cash
Discount)
= Rp7.500.000/quantity x 15 quantity x (100% - 10%) x (100% - 5%)
→ because Net Method
= Rp96.188.000

Cost of Goods Sold = Cost of Goods Sold Rate x Sales

= (100% - Gross Profit Rate) x Sales
 = (100% - 75%) x Rp112.500.000
= Rp28.125.000
Account Receivable → added in amount of Rp101.250.000
Sales → added in amount of Rp101.250.000
Cost of Goods Sold → added in amount of Rp28.125.000
Merchandise Inventory → decreased in amount of Rp28.125.000
Journal when received Inventory
April 20th, 2019 - Freight Out Rp1.500.000
Cash Rp1.500.000
Calculation:
Freight Out = Rp100.000/u x 15u = Rp1.500.000

Freight Out → added Rp1.500.000 → It is an expense

Cash → decreased Rp1.500.000 → because Seller do the payment

Journal when receiving Account Receivable:

April 25th, 2019 – Cash Rp96.188.000
Trade Discount Rp5.062.000
Account Receivable Rp101.250.000
Receiving = Price/Unit x Quantity x (100% - %Trade Discount) x (100% - %Cash Discount)
= Rp7.500.000/u x 15u x (100% - 10%) x (100% - 5%) → because of still in
Discount period
=Rp96.188.000
Cash -→ added Rp101.250.000
Trade Discount -→ added Rp5.062.000 → Loss that is accepted
Account Receivable -→ decreased Rp96.188.000

4b. PT Damai Sejahtera in Jakarta is a sport equipment trading company that sold Inventory in
amount of 15 units with the price Rp7.500.000 each unit on April 20 th, 2019. Accounting Policy:
Inventories System is Perpetual, The Credit Term is n/30, Trade Discount is 10% if they sold
over than 5 units, Cash Discount is 5/15 with Net Method, Gross Profit Rate is 75% from Sales.
Freight Out for Costumer will be paid by Seller in amount of Rp100.000/unit because of free
freight out promotion Policy and it is recognized as an Expense. Account Receivable Rating
Method: Direct deleted when during 2 month the Account Receivable didn’t accepted.
Answer:
Journal when sell the Inventory on credit:
April 20th, 19 - Account Receivable Rp101.250.000
Sales Rp101.250.000

- Cost of Goods Sold Rp28.125.000

Merchandise Inventory Rp28.125.000
Calculation:
Inventory has been sold = Price/Unit x Quantity x (100% - %Trade Discount)
= Rp7.500.000/quantity x 15 quantity x (100% - 10%)
= Rp112.500.000 x 90%
= Rp101.250.000
Inventory has been sold = Price/Unit x Quantity x (100% - %Trade Discount) x (100% - %Cash
Discount)
= Rp7.500.000/quantity x 15 quantity x (100% - 10%) x (100% - 5%)
→ because Net Method
= Rp96.188.000

Cost of Goods Sold = Cost of Goods Sold Rate x Sales

= (100% - Gross Profit Rate) x Sales
= (100% - 75%) x Rp112.500.000
= Rp28.125.000
Account Receivable → added in amount of Rp101.250.000
Sales → added in amount of Rp101.250.000
Cost of Goods Sold → added in amount of Rp28.125.000
Merchandise Inventory → decreased in amount of Rp28.125.000
Journal when received Inventory
April 20th, 2019 - Inventory Rp1.500.000
Cash Rp1.500.000
Calculation:
Inventory = Rp100.000/u x 15u = Rp1.500.000

Inventory → added Rp1.500.000 → It is an expense

Cash → decreased Rp1.500.000 → because Seller do the payment

Journal when received Account Receivable:

May 7th, 2019 - Cash Rp101.250.000
Trade Discount Rp5.062.000
Account Receivable Rp96.188.000
Receiving = Price/Unit x Quantity x (100% - %Trade Discount) x (100% - %Cash Discount)
= Rp7.500.000/u x 15u x (100% - 10%) x (100% - 5%) → because of still in
Discount period
=Rp96.188.000
Cash Discount = Price/Unit x Quantity x (100% - %Trade Discount) x (%Cash Discount)
= Rp7.500.000/u x 15u x (100% - 10%) x 5%
= Rp5.062.000
Cash - → added Rp96.188.000
Cash Discount - → added Rp5.062.000 → Loss that it is recognized
Account Receivable - → decreased Rp101.250.000
5a. . PT Damai Sejahtera in Jakarta is a sport equipment trading company that sold Inventory in
amount of 15 units with the price Rp7.500.000 each unit on April 20 th, 2019. Accounting Policy:
Inventories System is Periodik, The Credit Term is n/30, Trade Discount is 10% if they sold over
than 5 units, Cash Discount is 5/15 with Net Method, Gross Profit Rate is 75% from Sales. Sales
Return and Allowance can be done if there is broke inventory or it is not based on the order, it
will get 10% discount if do not return.
Account Receivable Rating Method: Direct deleted when during 2 month the Account
Receivable didn’t accepted.
Answer:
Journal when received Account Receivable on credit:
April 20th, 2019 - Account Receivable Rp101.250.000
Sales Rp101.250.000

Calculation:
Inventory has been sold = Price/Unit x Quantity x (100% - %Trade Discount)
= Rp7.500.000/quantity x 15 quantity x (100% - 10%)
= Rp112.500.000 x 90%
= Rp101.250.000
Inventory has been sold = Price/Unit x Quantity x (100% - %Trade Discount) x (100% - %Cash
Discount)
 = Rp7.500.000/quantity x 15 quantity x (100% - 0%) x (100% - 5%) →
because Gross Method
= Rp101.250.000

Cost of Goods Sold = Cost of Goods Sold Rate x Sales

= (100% - Gross Profit Rate) x Sales
= (100% - 75%) x Rp112.500.000
= Rp28.125.000 →Do not need to put into Journal
Account Receivable → added Rp101.250.000
Sales →added Rp101.250.000
Journal when Sales Return and Allowance
April 21st, 2019 – Sales Return and Allowance Rp10.125.000
Account Receivable Rp10.125.000
Calculation:
Return = Price/unit x Quantity x (100% - %Trade Discount) x (Return Unit ; Quantity)
= Rp7.500.000/u x 15u x (100% -10%) x (1 unit : 15 unit)
= Rp10.125.000
Account Payable → decreased Rp10.125.000
Purchased Return and Allowance → added Rp10.125.000 → Contra Account of Sales

Journal when Sales Return and Allowance

May 6th, 2019 – Cash Rp91.125.000
Account Receivable Rp91.125.000

Receiving = Price/Unit x Quantity x (100% - %Trade Discount) x (100% - %Cash Discount)

= Rp7.500.000/u x 14u x (100% - 10%) x (100% - 0%) → because out of
Discount period
= Rp91.125.000
Cash - → added Rp91.250.000
Account Receivable - → decreased Rp91.250.000
11.1 PT Damai Sejahtera in Jakarta is trading company that sold Fix Asset which is Computer in
amount of 1 units with the price Rp10.000.000 each unit on May 20th, 2019. The Fixed Asset that
has been bought last year have a price Rp10.000.000. Accounting Policy: Inventories System is
Periodik, The Credit Term is n/30, Trade Discount is 10% if they sold over than 5 units, Cash
Discount is 5/15 with Net Method, Gross Profit Rate is 75% from Sales. Sales Return and
Allowance can be done if there is broke inventory or it is not based on the order, it will get 10%
discount if do not return.
Depreciation Method of Equipment is straight line method, with the estimation of Residual
Value is Rp500.000, and the Useful Life is 5 years.
Answer:

Sales Journal of Equiptment on credit:

May 20th, 2019 – Others Receivable Rp9.000.000
Accumulated Depreciation Rp1.900.000
Equipment Rp10.000.000
Profit of Fixed Asset Sales Rp7.200.000

Calculation
Sold Equipment = Price/Unit x Quantity x (100% - %Trade Discount)
= Rp10.000.000/u x 1 x (100% - 10%)
= Rp9.000.000
Sold Equipment = Price/Unit x Quantity x (100% - %Trade Discount) x (100% - %Cash
Discount)
=Rp10.000.000/u x 1u x (100% - 10%) x (100% - 0%) → because of
Gross Method
= Rp9.000.000
Equipment Depreciation = (Cost – Residual Value) : Useful Life
= (Rp10.000.000 – Rp500.000) : 5 years
= Rp9.500.000 : 5 years
= Rp1.900.000/ year
Book Value = Price – Accumulated Depreciation
= Rp10.000.000 – (Rp1.900.000/year x 1 year) = Rp8.100.000
Difference = Equipment has been sold – Book Value
= Rp9.00.000 – Rp1.800.000
= Rp7.200.000 → because Sold of Price ˃ Book Value = Profit
Other Receivable → added Rp9.000.000
Accumulated Depreciation → decreased Rp1.900.000
Equipment → decreased Rp10.000.000
Profit of Sold Fixed Asset → added Rp7.200.000 → Profit = Revenue (+)

Journal when received Other Receivable:

May 20th, 2019 Cash Rp9.000.000
Other Receivable Rp9.000.000

Receiving = Price/unit x Quantity x (100% - %Trade Discount) x (100% - %Cash Discount)

 = Rp10.000.000/u x 1u x (100% - 10%) x (100% - 0%) à because out of the
discount period
=Rp9.000.000

Cash --à added Rp9.000.000

Other Receivable --à decreased Rp9.000.000

Notes Receivable
Case 1:
PT Damai Sejahtera in Jakarta is trading company that sold Fix Asset which is Computer in
amount of 1 units with the price Rp10.000.000 each unit on May 20th, 2019. The Fixed Asset that
has been bought last year have a price Rp10.000.000. Accounting Policy: Inventories System is
Periodik, The Credit Term is n/30, Trade Discount is 10% if they sold over than 5 units, Cash
Discount is 5/15 with Net Method, Gross Profit Rate is 75% from Sales. Sales Return and
Allowance can be done if there is broke inventory or it is not based on the order, it will get 10%
discount if do not return. The Agreement has been written in Notes is Beared otes Receivables
with Rate of Interest Note is 12% and Interest that due date in every 20th each month.
Answer:

Sales Journal of Equiptment on credit:

May 20th, 2019 – Notes Receivable Rp9.000.000
Accumulated Depreciation Rp1.900.000
Equipment Rp10.000.000
Profit of Fixed Asset Sales Rp7.200.000

Calculation
Sold Equipment = Price/Unit x Quantity x (100% - %Trade Discount)
= Rp10.000.000/u x 1 x (100% - 10%)
= Rp9.000.000
Sold Equipment = Price/Unit x Quantity x (100% - %Trade Discount) x (100% - %Cash
Discount)
=Rp10.000.000/u x 1u x (100% - 10%) x (100% - 0%) → because of
Gross Method
= Rp9.000.000
Equipment Depreciation = (Cost – Residual Value) : Useful Life
= (Rp10.000.000 – Rp500.000) : 5 years
= Rp9.500.000 : 5 years
= Rp1.900.000/ year
Book Value = Price – Accumulated Depreciation
= Rp10.000.000 – (Rp1.900.000/year x 1 year) = Rp8.100.000
Difference = Equipment has been sold – Book Value
 = Rp9.00.000 – Rp1.800.000
= Rp7.200.000 → because Sold of Price ˃ Book Value = Profit

Notes Receivable → added Rp9.000.000

Accumulated Depreciation → decreased Rp1.900.000
Equipment → decreased Rp10.000.000
Profit of Sold Fixed Asset → added Rp7.200.000 → Profit = Revenue (+)

Journal when received interest note

May 20th, 2019 – Cash Rp90.000
Interest Income Rp90.000

Calculation:
Interest = Nominal x Interest Rate x Period
= Rp9.000.000 x 12%/12 bulan x 1 bulan
= Rp90.000
Cash--à added Rp90.000
Interest Income --à added Rp90.000

Journal when receiving Notes Receivable

May 30th, 2019 – Cash Rp9.000.000
Notes Receivable Rp9.000.000

Receiving = Price/unit x Quantity x (100% - %Trade Discount) x (100% - %Cash Discount)

= Rp10.000.000/u x 1u x (100% - 10%) x (100% - 0%) à because out of the
discount period
=Rp9.000.000

Cash --à added Rp9.000.000

Notes Receivable --à decreased Rp9.000.000

Case 2
PT Damai Sejahtera in Jakarta is sport equipment trading company that giving repair service to
PT Anugerah in amount of Rp25.000.0000 on May 20 th, 2019. Accounting Policy: (Credit Term)
n/65. The agreement is written in Notes which is Unbeared Notes Payable with Implicit Interest
Notes rate is 10% and due date of interest is in every 20th each month.
Answer:

Service Sales Journal at PT Anugerah

May 20th, 2019 – Notes Receivable Rp25.000.000
Service Income Rp25.000.000
Calculation:

Notes Receivable à added Rp25.000.000

Service Income à added Rp25.000.000

Journal when receiving Notes Interest:

May 20th, 2019 – Cash Rp450.000
Interest IncomeRp450.000

Calculation:
Interest = Nominal x Interest Rate x Period
= Rp25.000.000 x 12%/12 Month x 1 Month
= Rp250.000
Cash --à added Rp250.000
Interest Income --à added Rp250.000

Journal when receiving Notes Receivable

May 30th, 2019 – Cash Rp225.250.000
Notes Receivable Rp225.250.000

Receiving = Price/unit x Quantity x (100% - %Trade Discount) x (100% - %Cash Discount)

= Rp25.000.000/u x 10u x (100% - 10%) x (100% - 0%) à because out of the
discount period
=Rp225.000.000

Notes without Interest = Nominal + Interest = Rp225.000.000 + Rp250.000

= Rp225.250.000

Cash --à added Rp225.250.000

Notes Receivable --à decreased Rp225.250.000