HMPSA TALE (Tutoring And Learning Ease)

Meeting 4: Friday, 13 November 2020

Class: 20A2

Accounting for Merchandising Operations

Information related to Melinda Co. is presented below.

1. On April 5, purchased merchandise from Allison Company for $20,000 terms 2/10, net/30, FOB shipping
2. On April 6 paid freight costs of $500 on merchandise purchased from Allison.
3. On April 7, purchased equipment on account for $100,000.
4. On April 8, returned damaged merchandise to Allison Company and was granted a $3,000 credit for retu
5. On April 15 paid the amount due to Allison Company in full.
Instructions:
(a) Prepare the journal entries to record these transactions on the books of Melinda Co. under a perpetual in
(b) On April 20, Pagnucci sold 60% of the goods purchased from Allison. What amount would they record
(c) How would the April 6 entry be different if the $500 was paid to ship goods to a customer (rather than t
(d) Assume that Melinda Co. paid the balance due to Allison Company on May 4 instead of April 15. Prepa

Answer:
(a) Date Account Debit Credit Explanation:
5-Apr Merchandise Inventory 20,000 => Purchased merchandise = Asset m
Account Payable 20,000 Pada informasi (1) ada dikasih tau
6-Apr Inventory/ Freight In 500 => Freight In adalah istilah yang dig
Cash 500 Freight cost anggap saja dibayar d
7-Apr Equipment 100,000 => Membeli Equipment = Asset men
Account Payable 100,000 Purchased equipment "on accoun
8-Apr Account Payable 3,000 => Karena merchandise yang awalny
Merchandise Inventory 3,000 Ternyata sebagian merchandise y
15-Apr Account Payable 17,000 => Membayar sisa hutang, yaitu sebe
Discount 340 Terms 2/10: karena kamu memba
Cash 16,660 Karena sudah mendapatkan disko

(b) Menjual sebanyak 60% dari keseluruhan merchandise.

Date Account Debit Credit Explanation:
Cost of Goods Sold 10,200 => COGS di sisi debit artinya terjadi
Merchandise Inventory 10,200 Menjual merchandise (inventory)
Calculation = 17,000*60% = 10,2

(c) Apa yang harus dicatat, jika metode pengiriman diganti dari FOB Shipping Point menjadi FOB Destination
FOB Shipping Point = Biaya pengiriman dibebankan pada pembeli (kamu). Pakai istilah Freight-In.
FOB Destinantion = Biaya pengiriman dibebankan pada penjual. Pakai istilah Freight-Out.
 Date Account Debit Credit
6-Apr Freight-Out 500
Cash 500

(d) Jika kamu telat membayar supplier (diluar dari term credit 2/10), apa yang harus dicatat?
Date Account Debit Credit Explanation:
4-May Account Payable 17,000 => Sesuai dengan credit term 2/10, n
Cash 17,000 Membayar credit dengan cash. Ca
 10, net/30, FOB shipping point.

d a $3,000 credit for returned merchandise.

Co. under a perpetual inventory system.

mount would they record as cost of goods sold?
a customer (rather than to ship goods purchased from a supplier)?
nstead of April 15. Prepare the journal entry to record this payment.

d merchandise = Asset meningkat di debit.

ormasi (1) ada dikasih tau pembelian merchandise dengan "terms" yang artinya "cicilan", maka account payable (hutang) mening
n adalah istilah yang digunakan ketika shipping cost akan dibayar oleh pembeli (FOB Shipping). Atau boleh juga dianggap sebag
ost anggap saja dibayar dengan "cash". Cash berkurang di bagian credit.
Equipment = Asset meningkat di debit.
d equipment "on account" artinya dengan credit.
merchandise yang awalnya kamu membeli dengan "credit" sudah rusak. Maka, kamu diberikan diskon 3000. Account payable (hu
sebagian merchandise yang dibeli ($3000) sudah rusak. Jadi kamu mengembalikan merchandise kepada seller. Maka, merchand
ar sisa hutang, yaitu sebesar 17,000 (20,000 - 3,000). Hutang berkurang/ habis di debit.
10: karena kamu membayar cicilan tepat waktu, yaitu dalam 10 hari, maka kamu mendapatkan diskon sebesar 2% dari jumlah pa
udah mendapatkan diskon sebesar 340, maka jumlah kas perusahaan yang berkurang hanyalah 16,660. (17,000 - 340).

sisi debit artinya terjadi "penjualan". Ketika terjadi penjualan, expenses/ COGS akan meningkat seiringan dengan bertambahnya
merchandise (inventory), berarti Asset berkurang. Asset berkurang di bagian credit.
on = 17,000*60% = 10,200

menjadi FOB Destination?

stilah Freight-In.
engan credit term 2/10, n/30, maka kamu tidak akan mendapatkan diskon dari seller. Kamu harus membayar harga full, yakni 17,
ar credit dengan cash. Cash berkurang di credit.
nt payable (hutang) meningkat.
u boleh juga dianggap sebagai "Inventory" cost.

n 3000. Account payable (hutang) kamu berkurang. Hutang berkurang di debit.

ada seller. Maka, merchandise inventory (asset) kamu berkurang 3000. Asset berkurang di credit.

n sebesar 2% dari jumlah payable terakhir sebesar 17,000. (2%*$17,000 = $340)

0. (17,000 - 340).

ingan dengan bertambahnya income. Hal ini dilakukan untuk mencatat "Berapa biaya dari penjualan inventory tersebut".
mbayar harga full, yakni 17,000 (setelah dikurangi 3,000 biaya damages)
inventory tersebut".
HMPSA TALE (Tutoring And Learning Ease)
Meeting 4: Friday, 13 November 2020
Class: 20A2

Broadwick Company had the following account balances at year-end:

Cost of Goods Sold $70,000; Inventory $17,500; Operating Expenses $33,000; Sales Revenue $140,000; Sales Discou
A physical count of inventory determines that inventory on hand is $16,450.

Instructions:
(a) Prepare the adjusting entry necessary as a result of the physical count.
(b) Prepare closing entries.
(c) Assume that the physical count of inventory indicated that inventory on hand is $17,800 (the account still shows
(d) What is Broadwick Company’s net income for the year?

Answer:

account and
Date Debit Credit Date
explanation

Sales revenue 140000

Income summary 140000
(To Close revenue)

Income summary 107400

Sales discount 1400
Sales return and
1950
allowance
Cost of goods sold 71050 => 1050+70000
Operating expense 33000
(To close expense)

Income summary 32600 => 140000-107400

Retained earnings 32600
(To close income
summary)

Remember:
33,000; Sales Revenue $140,000; Sales Discounts $1,400; and Sales Returns and Allowances $1,950.

ry on hand is $17,800 (the account still shows a balance of $17,500 due to errors made during the year. Prepare the adjusting entry neces

account and explanation Debit Credit

Cost of goods sold (17500-

1050
16450)
Inventory 1050
(To record adjusting entry)
epare the adjusting entry necessary as a result of the physical count.
 HMPSA TALE (Tutoring And Learning Ease)
Meeting 4: Friday, 13 November 2020
Class: 20A2

Prepare multiple-step and single-step income statement

In its income statement for the year ended December 31, 2015, Lemere Company reported the following
condensed data.

Operating Expenses $725,000 Interest revenue

Cost of goods sold 1,289,000 Loss on disposal of plant assets
Interest expense 70,000 Net sales

Instructions:
(a) Prepare a multiple-step income statement.
(b) Prepare a single-step income statement.
NOTE: Enter a number in cells requesting a value; enter either a number or a formula in cells with a

Answer:
(a) Multiple-step income statement

LEMERE COMPANY
Income Statement
For the Year ended December 31, 2015
Net sales
Cost of goods sold
Gross profit
Operating expenses
Income from operations
Other revenues and gains
Interest revenue $28,000
Other expenses and losses
Interest expense $70,000
Loss on disposal of plant assets 17,000 87,000
Net income

(b) Single-step income statement

LEMERE COMPANY
 Income Statement
For the Year ended December 31, 2015
Revenues
Net Sales
Interest revenue
Total revenues

Expenses
Cost of goods sold $1,289,000
Operating expenses 725,000
Interest expense 70,000
Loss on disposal of plant assets 17,000
Total expenses
Net income

After you have completed the requirements above, consider the additional question.
Answers are on the other tab in this file.
1. Assume cost of goods sold changed to $1,320,000. What impact does this have on net income,
as determined using both the multiple-step and single-step income statements?

Explanation:
To view the impact of changes in COGS over the changes in net income, just simply change the C13 cell v
Since the Excel cells are interconnected with one another using formula, changing the value of one cell wi
rning Ease)

15, Lemere Company reported the following

est revenue $28,000

on disposal of plant assets 17,000
2,200,000

Explanation:

*Multi-Step Income Statement : Separates Rev

either a number or a formula in cells with a "?" .

NY
nt
ber 31, 2015
$2,200,000
1,289,000
911,000
725,000
186,000

-$59,000
$127,000

NY
nt
ber 31, 2015

$2,200,000
28,000
2,228,000

$2,101,000
$127,000

he additional question.

What impact does this have on net income,

le-step income statements?

es in net income, just simply change the C13 cell value to "1,320,000".
r using formula, changing the value of one cell will impact the value of other cells.
Statement : Separates Revenues and Expenses into Operating and Non-Operating
 HMPSA TALE (Tutoring And Learning Ease)
Meeting 4: Friday, 13 November 2020
Class: 20A2

Journalize purchase and sales transactions under a perpetual inventory system

Kern's Book Warehouse distributes hardcover books to retail stores and extend credit terms of 2/10, n/30 t
At the end of May, Kern's inventory consisted of books purchased for $1,800. During June, the following m
occurred.

June 1 Purchased books on account for $1,600 from Binsfield Publishers, FOB destination, terms 2/10, n
The appropriate party also made a cash payment of $50 for the freight on this date.
3 Sold books on account to Reading Rainbow for $2,500. The cost of the books sold was $1,440.
6 Received $100 credit for books returned to Binsfield Publishers.
9 Paid Binsfield Publishers in full, less discount.
15 Received payment in full from Reading Rainbow.
17 Sold books on account to Rapp Books for $1,800. The cost of the books sold was $1,080.
20 Purchased books on account for $1,800 from McGinn Publishers, FOB destination, terms 2/15,n/3
The appropriate party also made a cash payment of $60 for the freight on this date.
24 Received payment in full from Rapp Books.
26 Paid McGinn Publishers in full, less discount.
28 Sold books on account to Baeton Bookstore for $1,600. The cost of the books sold was $970.
30 Granted Baeton Bookstore $120 credit for books returned costing $72.

Kern's Book Warehouse's chart of accounts includes the following: No.101 Cash, No.112, Accounts Recei
No.120 Inventory, No. 201 Accounts Payable, No. 401 Sales Revenue, No.412 Sales Returns and Allowan
Sales Discounts, and No. 505 Cost of Goods Sold.

Instructions
Journalize the transactions for the month of June for Kern's Book Warehouse using a perpetual inventory s
NOTE: Enter a number in cells requesting a value; enter either a number or a formula in cells with a "?" .

June 1 Merchandise Inventory 1600

Account Payable 1600
(To record the purchase from Binsfeld Publishers, terms of 2/10, n/30, FOB destination)

3 Account Receivables 2500

Sales 2500
(To record the sales to Reading Rainbow on account)
3 Cost of Goods Sold 1440
Merchandise Inventory 1440
(Transferred cost of merchandise inventory to cost of goods sold)

6 Account Payable 100

Merchandise Inventory 100
(To record the returned portions of purchases made from Binsfield Company)

9 Account Payable 1500

Cash 1470
Merchandise Inventory 30
(To record payment within discount period for the purchases from B Company)

15 Cash 2500
Account Receivable 2500
(To record the cash receipt from Reading Rainbow for the sales made on 3rd June)

17 Account Receivable 1800

Sales 1800
(To record the sales made to Rapp Books on account, terms, 2/10, n/30)

17 Cost of goods sold 1080

Merchandise Inventory 1080
(Transferred cost of merchandise inventory to cost of goods sold)

20 Merchandise Inventory 1800

Account Payable 1800
(To record the purchases from MG Publishers, terms 2/15, n/30, FOB destination)

24 Cash 1764
Sales Discount 36
Accounts Receivable 1800
(To record the collection from Rap Books within 2/10, n/30 discount period)

26 Account Payable 1800

Cash 1764
Merchandise Inventory 36
(To record payment within the discount period)

28 Account Receivable 1600

Sales 1600
(To record the sales made to Baeton Bookstore on account, terms, 2/10, n/30)

28 Cost of goods sold 970

 Merchandise Inventory 970
(Transferred cost of merchandise inventory to cost of goods sold)

30 Sales Returns and Allowan 120

Account Receivable 120
(To record credit granted to Baeton Bookstore for returned goods)

30 Merchandise Inventory 72
Cost of goods sold 72
(To record cost of goods returned)

After you have completed the requirements above, consider these additional questions.
Answers are on the other tab in this file.
1. Assume that the June 1 purchase changed to $2,500. Redo the journal entries
affected by this change.
2. Assume that the sale on June 28 changed to $3,000 and the cost of sale changed to
$1,200. Redo the journal entries affected by these changes.
 extend credit terms of 2/10, n/30 to all of its customers.
,800. During June, the following merchandising transactions

ers, FOB destination, terms 2/10, n/30.

e freight on this date.
st of the books sold was $1,440.

he books sold was $1,080.

rs, FOB destination, terms 2/15,n/30.
e freight on this date.

ost of the books sold was $970.

01 Cash, No.112, Accounts Receivable,

No.412 Sales Returns and Allowances, No. 414

Explanation:
house using a perpetual inventory system. => Perpetual inventory system = a continuous recording of inventor
or a formula in cells with a "?" .

=> Asset - increase

Liability - increase
ms of 2/10, n/30, FOB destination)

=> Revenue Recognition

 => When inventory is purchased, the cost is recorded in the Mercha
The cost is transferred to the Cost of Goods Sold account when
goods sold)

=> This is a purchase return. Write down the opposite entry of origi

om Binsfield Company)

=> Full and Final Payment

Discount 2% on Carrying amount. $1,500*2%

chases from B Company)

=> Received payment from account. Then, cash increase in debit.

Account receivable berkurang.
the sales made on 3rd June)

=> Menjual buku secara "on account". Maka akan menerima accou
Ada penjualan. Penjualan dicatat di credit.
, terms, 2/10, n/30)

=> Biaya merchandise dicatat di debit.

Merchandise (inventory) sudah terjual. Asset berkurang di credi
goods sold)

=> Membeli buku (inventory) secara on account. Maka, asset meni

Hutang (account payable) bertambah di credit.
2/15, n/30, FOB destination)

=> Menerima pembayaran hutang dalam cash.

Discount 2%*1800
Maka piutang dagang berkurang.
n/30 discount period)

=> Discount 2% on Carrying amount

=> Sales dilakukan secara on account, maka akan ada account rec
Ada penjualan, dicatat sebagai sales di credit
count, terms, 2/10, n/30)

=> Biaya merchandise dicatat di debit.

 Merchandise (inventory) sudah terjual. Asset berkurang di credi
goods sold)

=> Sales Return ( reversal entry of revenue recognition )

rned goods)

=> Ketika barang dagangan dikembalikan ke penjual, maka invento

Biaya dagangan menjadi berkurang karena merchandise sudah

onal questions.

e journal entries

ost of sale changed to

ous recording of inventory.
is recorded in the Merchandise Inventory account.
oods Sold account when it is sold.

he opposite entry of original purchase entry

, cash increase in debit.

ka akan menerima account receivables.

Asset berkurang di credit.

count. Maka, asset meningkat di debit.

aka akan ada account receivable (disebut juga pembayaran yang akan diterima dari customer)
Asset berkurang di credit.

e recognition )

ke penjual, maka inventory penjual akan meningkat. Inventory meningkat di debit.

rena merchandise sudah dikembalikan. Cost of goods sold berkurang di sisi credit.
 HMPSA TALE (Tutoring And Learning Ease)
Meeting 4: Friday, 13 November 2020
Class: 20A2

Complete accounting cycle beginning with a worksheet

The trial balance of Gaolee Fashion Center contained the following accounts at November 30, the end of t

GAOLEE FASHION CENTER

Trial Balance
November 30, 2017
Debit Credit
Cash $ 20,700
Accounts Receivable 30,700
Inventory 44,700
Supplies 6,200
Equipment 133,000
Accumulated Depreciation - Equipment $ 28,000
Accounts Payable 48,500
Notes Payable 60,000
Owner's Capital 93,000
Owner's Drawings 12,000
Sales Revenue 755,200
Sales Returns and Allowances 8,800
Cost of Goods Sold 497,400
Salaries and Wages Expense 140,000
Advertising Expense 24,400
Utilities Expense 14,000
Maintenance and Repairs Expense 12,100
Freight-Out 16,700
Rent Expense 24,000
Totals $984,700 $984,700

Adjustment Data:
1. Supplies on hand totaled $2,600.
2. Depreciation is $11,500 on the equipment.
3. Interest of $3,800 is accrued on notes payable at November 30.
4. Inventory actually on hand is $44,400.

Instructions
(a) Enter the trial balance on a worksheet, and complete the worksheet.
(b) Prepare a multiple-step income statement and an owner's equity statement for the year, and
 a classified balance sheet as of November 30, 2017. Notes payable of $20,000 are due in J
(c ) Journalize the adjusting entries.
(d) Journalize the closing entries.
(e ) Prepare a post-closing trial balance.
NOTE: Enter a number in cells requesting a value; enter either a number or a formula in ce

(a) Enter the trial balance on a worksheet, and complete the worksheet.

GAOLEE FASHION CE
Worksheet
For the Year Ended Novemb

Account Titles Trial Balance

Dr. Cr.

Cash 20,700
Accounts Receivable 30,700
Inventory 44,700
Supplies 6,200
Equipment 133,000
Accumulated Depreciation - Equipment 28,000
Notes Payable 60,000
Accounts Payable 48,500
Owner's Capital 93,000
Owner's Drawings 12,000
Sales Revenue 755,200
Sales Returns and Allowances 8,800
Cost of Goods Sold 497,400 (d)
Salaries and Wages Expense 140,000
Advertising Expense 24,400
Utilities Expense 14,000
Maintenance and Repairs Expense 12,100
Freight-Out 16,700
Rent Expense 24,000
Totals 984,700 984,700

Supplies Expense (a)

Depreciation Expense (b)
Interest Expense (c)
Interest Payable
Totals
 Net Loss
Totals

(b) Prepare a multiple-step income statement and an owner's equity statement for the year, and a cla
balance sheet as of November 30, 2017. Notes payable of $20,000 are due in January 2018.

GAOLEE FASHION CENTER

Income Statement
For the Year Ended November 30, 2020
Sales Revenue
Sales revenue $755,200
Less: Sales returns and allowances 8,800
Net sales 746,400
Cost of goods sold 497,700
Gross profit 248,700
Operating expenses
Salaries and wages expense $140,000
Advertising expense 24,400
Rent expense 14,000
Freight-out 12,100
Utilities expense 16,700
Maintenance and repair expense 24,000
Depreciation expense 3,600
Supplies expense 11,500
Total operating expenses 246,300
Income from operations 2,400
Other expenses and losses
Interest expense 3,800
Net loss ($1,400)

GAOLEE FASHION CENTER

Owner's Equity Statement
For the Year Ended November 30, 2017
Owner's Capital, December 1, 2019 $93,000
Less: Net loss $1,400
Drawings 12,000 13,400
Owner's Capital, November 30, 2020 $79,600

GAOLEE FASHION CENTER

Balance Sheet
 November 30, 2017
Assets
Current assets
Cash $20,700
Accounts Receivable 30,700
Inventory 44,400
Supplies 2,600
Total current assets $98,400
Property, plant and equipment
Equipment $133,000
Accumulated depreciation - 39,500 93,500
equipment
Total assets $191,900

Liabilities and Owner's Equity

Current liabilities
Notes payable (due next year) 20,000
Accounts payable $48,500
Interest payable 3,800
Total current liabilities $72,300
Long-term liabilities
Notes payable 40,000
Total liabilities 112,300
Owner's equity
Owner's capital 79,600
Total liabilities and owner's equity $191,900

(c ) Journalize the adjusting entries.

Nov. 30 Supplies expense 3,600

Supplies
(To record supplies expense)
Nov. 30 Depreciation expense 11,500
Accumulated depreciation - Equipment
(To record depreciation expense)
Nov. 30 Interest expense 3,800
Interest payable
(To record accrued interest)
Nov. 30 Cost of goods sold 300
Inventory
(To record inventory lost)
(d) Journalize the closing entries.

Nov. 30 Sales Revenue 755,200

Income summary
(To close revenue account)
Nov. 30 Income summary 756,600
Sales Returns and Allowances
Cost of goods sold
Salaries and Wages Expense
Advertising Expense
Utilities Expense
Maintenance and Repairs Expense
Freight-Out
Rent Expense
Supplies Expense
Depreciation Expense
Interest Expense
(To close expense account)

Nov. 30 Owner's Equity 1,400

Income Summary
(To close income summary account)
Nov. 30 Owner's Equity 12,000
Owner's Withdrawals
(To record withdrawals account)

(e ) Prepare a post-closing trial balance.

GAOLEE FASHION CENTER

Post-closing Trial Balance
November 30, 2017
Debit Credit
Cash $20,700
Accounts Receivable 30,700
Inventory 44,400
Supplies 2,600
Equipment 133,000
Less: Accumulated Depreciation - Equipment $39,500
Notes payable 60,000
Accounts payable 48,500
Interest payable 3,800
Owner's Capital 79,600
$231,400 $231,400
After you have completed the requirements above, consider the additional question.
Answers are on the other tab in this file.
1. Assume that supplies on hand and Interest accrued changed to $3,000 and $4,600
respectively. How do these changes affect the financial statements?

Explanation:
To view the impact of changes in supplies on hand and interest accrued to the financial statement on questions part
Since the Excel cells are interconnected with one another using formula, changing the value of one cell will impact th
ovember 30, the end of the company's fiscal year.

ement for the year, and

 of $20,000 are due in January 2018.

mber or a formula in cells with a "?" .

GAOLEE FASHION CENTER

Worksheet
he Year Ended November 30, 2017
Adjusted Income
Adjustments Trial Balance Statement Balance Sheet
Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr.

20,700 20,700
30,700 30,700
(d) 300 44,400 44,400
(a) 3,600 2,600 2,600
133,000 133,000
(b) 11,500 39,500 39,500
60,000 60,000
48,500 48,500
93,000 93,000
12,000 12,000
755,200 755,200
8,800 8,800
300 497,700 497,700
140,000 140,000
24,400 24,400
14,000 14,000
12,100 12,100
16,700 16,700
24,000 24,000

3,600 3,600 3,600

11,500 11,500 11,500
3,800 3,800 3,800
18,900 ( c) 3,800 3,800 3,800
19,200 19,200 1,000,000 1,000,000 756,600 755,200 243,400 244,800
 1,400 1,400
756,600 756,600 244,800 244,800

nt for the year, and a classified => Multi-Step Income Statement : Separates Revenues and Expenses into Operati
due in January 2018. "Classified" artinya nama akun dikelompokkan berdasarkan pada

=> Calculation of gross profit

=> Results of operating activities

=> Results of non-operating activities

 => Accumulated depreciation selalu 'mengurangi' nilai aset

=> Dari informasi (b)

=> Perhatikan! Berdasarkan pada data yang diberikan, total notes payable adalah 60,000 (Cell G6

=> Cek adjustment data (1), (2), (3), (4) dari soal. Langsung liat dari tabel di atas

(a) Berdasarkan informasi (1), jumlah supplies on hand hanyalah $2600, bukan $6200. Oleh kar
3,600 Supplies berkurang di bagian credit.

(b) Berdasarkan informasi (2), ada tambahan nilai depresiasi (expenses) sebesar $11500 di tahu
11,500 Expense meningkat di debit.

(c) Interest expense $3,800 is accrued (artinya "use first, pay later"), expenses meningkat di deb
3,800 Total pengeluaran dalah 18,900 dimana 3,800 merupakan payable. Payable adalah hutang. H

(d) Berdasarkan informasi (4), inventory on hand hanyalah $44,400, bukan $44,700. Maka perlu
300 Inventory (asset) menurun di bagian credit.
 Remember:

755,200

8,800
497,700
140,000
24,400
14,000
12,100
16,700
24,000
3,600
11,500
3,800

=> Karena loss, maka owner's equity ada di sisi debit.

1,400

12,000

=> Ingat! Poat closing trial balance tidak mengandung "temporary accounts" lagi karena
step (d) journalizing the post closing entries.
nd $4,600

atement on questions part b (balance sheet, owner's equity, and profit and loss account). Just simply change the respective va
ue of one cell will impact the value of other cells.
Explanation:

(d) Berdasarkan informasi (4), inventory on hand hanyalah $44,400, bukan $44,700. Maka perlu ada adjustm
(a) Berdasarkan informasi (1), jumlah supplies on hand hanyalah $2600, bukan $6200. Oleh karena itu perlu

(b) Berdasarkan informasi (2), ada tambahan nilai depresiasi sebesar $11500 di tahun 2017 untuk equipmen

(d) Berdasarkan informasi (4), inventory on hand telah berkurang dari $44,700 menjadi $44,400. Oleh karen

(a) Berdasarkan informasi (1), jumlah supplies on hand hanyalah $2600, bukan $6200. Oleh karena itu perlu
(b) Berdasarkan informasi (2), ada tambahan nilai depresiasi sebesar $11500 di tahun 2017 untuk equipmen
(c) Interest expense $3,800 is accrued (artinya "use first, pay later"), expenses meningkat di debit.
Total pengeluaran dalah 18,900 dimana 3,800 merupakan payable. Payable adalah hutang. Hutang dicat
and Expenses into Operating and Non-Operating
an berdasarkan pada current asset and non-current asset, dan current liability and non-current liability
dalah 60,000 (Cell G68). Namun, untuk yang short term 20,000 dan yang long term adalah 40,000.

g liat dari tabel di atas bagian "adjustments" juga boleh.

00, bukan $6200. Oleh karena itu perlu ada adjustment pengurangan supplies 3,600 sehingga jumlah supplies sesuai dengan nilai yang seb

s) sebesar $11500 di tahun 2017 untuk equipment.

expenses meningkat di debit.

. Payable adalah hutang. Hutang dicatat di credit.

ukan $44,700. Maka perlu ada adjustments untuk mengurangi nilai inventory sebesar $300.
ry accounts" lagi karena sudah di close melalui
hange the respective value to 3,000 and 4,600.
4,700. Maka perlu ada adjustments untuk mengurangi nilai inventory sebesar $300.
n $6200. Oleh karena itu perlu ada adjustment -3,600 sehingga jumlah supplies sesuai dengan nilai yang sebenarnya.

di tahun 2017 untuk equipment.

0 menjadi $44,400. Oleh karena itu, Cost of Goods Sold juga seharusnya meningkat sebesar $300 (karena ada 300 lebih yang sudah terjual)

n $6200. Oleh karena itu perlu ada adjustment +3,600 di bagian supplies expense, yang berarti bahwa supplies telah meningkat 3,600 dari
di tahun 2017 untuk equipment. Expenses meningkat di debit.
meningkat di debit.
e adalah hutang. Hutang dicatat di credit.
rent liability
s sesuai dengan nilai yang sebenarnya.
a 300 lebih yang sudah terjual).

es telah meningkat 3,600 dari perhitungan sebelumnya.