Name : Rahma Dewi

Class : 2AD

NPM : 061930500105

Group 1

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 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 The 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/quantity x 15 quantity x (100% - 10%) x (100% - 0%) →
because out of the discount period
= Rp101.250.000

Cash → added in amount of Rp101.250.000

Account Receivable → decreased in amount of Rp101.250.000

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,
The 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 for receiving the Account Receivable:

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

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 15th, 2019 because it has
been passed along 2 month from the transaction on May 15 th, 2019 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 Rp101.205.000
Account receivable → decreased in amount of Rp101.205.000

3. 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,
The Gross Profit Rate is 75% from Sales. Account Receivable Rating Method: Allowance
with a percentage of credit sales is 5%. Bad Debt Expense will be deleted directly if
during 2 month the Account Receivable didn’t accepted.

Answer:
Adjusting Journal for the estimation of Bad Debt Expense:
December 31st, 2018 – Bad Debt Expense Rp112.500.000
Allowance for Doubtful Debt Rp112.500.000
Calculation:
Estimation of Bad Debt Expense = Estimation % of Bad Debt Expense x Credit Sales
Balance 2018
= 5% x Rp2.250.000.000
= Rp112.500.000

Account Receivable is estimated 5% uncollectible so it has been recognized as loss that

happen in December 31st, 2018 even if, maybe in the next period 2019, will be recognized as
an expense and should be made new account which is contra with Account Receivable. The
normall balance for Allowance for Doubtful Debt is on Credit.

Bad Debt Expense → added in amount of Rp112.500.000

Allowance for Doubtful Debt → added in amount of Rp112.500.000

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

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 15th, 2019 because it has
been passed along 2 month from the transaction on May 15 th, 2019 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 Rp101.205.000
Account receivable → decreased in amount of Rp101.205.000

Adjusting Journal for the estimation of Bad Debt Expense:

December 31st, 2019 – Bad Debt Expense Rp202.500.000
Allowance for Doubtful Debt Rp202.500.000
Calculation:
Estimation of Bad Debt Expense = Estimation % of Bad Debt Expense x Credit Sales
Balance 2019
= 5% x Rp4.050.000.000
= Rp202.500.000

Account Receivable is estimated 5% uncollectible so it has been recognized as loss that

happen in December 31st, 2019 even if, maybe in the next period 2020, will be recognized as
an expense and should be made new account which is contra with Account Receivable. The
normall balance for Allowance for Doubtful Debt is on Credit.

Bad Debt Expense → added in amount of Rp225.000.000

Allowance for Doubtful Debt → added in amount of Rp225.000.000

4. 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, 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 a percentage of credit sales is 5%. Bad Debt Expense will be deleted directly if
during 2 month the Account Receivable didn’t accepted.

Answer:
Adjusting Journal for the estimation of Bad Debt Expense:
December 31st, 2019 – Bad Debt Expense Rp225.000.000
Allowance for Doubtful Debt Rp225.000.000
Calculation:
Estimation of Bad Debt Expense = Estimation % of Bad Debt Expense x Credit Sales
Balance 2019
= 5% x Rp4.500.000.000
= Rp225.000.000

Account Receivable is estimated 5% uncollectible so it has been recognized as loss that

happen in December 31st, 2019 even if, maybe in the next period 2020, will be recognized as
an expense and should be made new account which is contra with Account Receivable. The
normall balance for Allowance for Doubtful Debt is on Credit.

Bad Debt Expense → added in amount of Rp225.000.000

Allowance for Doubtful Debt → added in amount of Rp225.000.000

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, 2020 – There is no Journal because Costumer didn’t do the payment

Journal for erasing Bad Debt Expense:

July 15th, 2020 – 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 15th, 2020 because it has
been passed along 2 month from the transaction on May 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 Rp337.500.000
Allowance for Doubtful Debt Rp337.500.000
Calculation:
Estimation of Bad Debt Expense = Estimation % of Bad Debt Expense x Credit Sales
Balance 2020
= 5% x Rp6.750.000.000
= Rp337.500.000

Account Receivable is estimated 5% uncollectible so it has been recognized as loss that

happen in December 31st, 2020 even if, maybe in the next period 2021, will be recognized as
an expense and should be made new account which is contra with Account Receivable. The
normall balance for Allowance for Doubtful Debt is on Credit.

Bad Debt Expense → added in amount of Rp337.500.000

Allowance for Doubtful Debt → added in amount of Rp337.500.000

5. 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 Rp10.450.000
Allowance for Doubtful Debt Rp10.450.000

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 Rp10.450.000
Allowance for Doubtful Debt → added Rp10.450.000

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 Rp15.000.000 = 26/12- 31/12
= 5 days ≤ 30 days
PT Bahagia Rp35.000.000 = 15/10- 31/12
= 78 days ≥ 61 days
Firma Sejahtera Rp10.000.000 = 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 Rp15.000.000 Rp15.000.000 -- -- --
PT Bahagia Rp35.000.000 -- -- Rp35.000.000 --
Firma Sejahtera Rp10.000.000 -- -- -- Rp10.000.000
Total Rp80.000.000 Rp20.000.000 Rp25.000.000 Rp35.000.000 Rp10.000.000
% Bad Debt 5% 10% 15% 20%
Total Bad Debt Rp700.000 + Rp15.000.000 x 5% Rp25.000.000 x Rp35.000.000 x Rp10.000.000 x
Rp2.500.000 + = Rp750.000 10% 15% = 20%
Rp5.250.000 + = Rp2.500.000 Rp5.250.000 = Rp2.000.000
Rp2.000.000 =
Rp10.450.000

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

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 15th, 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 Rp10.000.000
Allowance for Doubtful Debt Rp10.000.000
Calculation:
Based on aging the receivable list, Total of Bad Debt is Rp10.000.000 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 Rp10.000.000
Allowance for Doubtful Debt → added Rp10.000.000

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 Rp15.000.000
= 15 days ≤ 30 days
= 15/10 - 31/12
PT Bahagia Rp35.000.000
= 78 days 61 - 90 days
= 28/9 - 31/12
Firma Sejahtera Rp10.000.000
= 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 Rp20.000.000 -- Rp20.000.000 -- --
PT Sukma Rp15.000.000 Rp15.000.000 -- -- --
PT Bahagia Rp35.000.000 -- -- Rp35.000.000 --
Firma Sejahtera Rp10.000.000 -- -- -- Rp10.000.000
Total Rp80.000.000 Rp15.000.000 Rp20.000.000 Rp35.000.000 Rp10.000.000
% Bad Debt 5% 10% 15% 20%
Total of Bad Debt Rp750.000 +
Rp2.000.000 + Rp15.000.000 x 5% Rp20.000.000 x Rp35.000.000 x Rp10.000.000 x
Rp5.250.000 + = Rp750.000 10% 15% 20%
Rp2.000.000 = = Rp2.000.000 = Rp5.250.000 = Rp2.000.000
Rp10.000.000