Nama : Christovorus David

NPM : 193403516046

P5-2A
a. General Journal
Date Account Titles Ref Debit Credit
April. 2. Inventory 6,200
Accounts Payable 6,200
4 Accounts Receivable 112 5,500
Sales Revenue 401 5,500
Cost of Goods Sold 505 3,400
Inventory 120 3,400
5 Freight-Out 644 240
Cash 101 240
6 Accounts Payable 201 500
Inventory 120 500
11 Accounts Payable 101 5,700
Inventory 120 57
Cash 101 5,643
13 Cash 101 5,445
Sales Discounts 414 55
Accounts Receivable 112 5,500
14 Inventory 120 3,800
Cash 101 3,800
16 Cash 101 500
Inventory 120 500
18 Inventory 120 4,500
Accounts Payable 201 4,500
20 Inventory 120 160
Cash 101 160
23 Cash 101 7,400
Sales Revenue 401 7,400
Cost of Goods Sold 505 4,120
Inventory 120 4,120
26 Inventory 120 2,300
Cash 101 2,300
27 Accounts Payable 201 4,500
Inventory 120 90
Cash 101 4,410
29 Sales Returns and Allowances 412 90
Cash 101 90
Inventory 120 30
Cost of Goods Sold 505 30
30 Accounts Receivable 112 3,400
 Sales Revenue 401 3,400
Cost of Goods Sold 505 1,900
Inventory 120 1,900

b.
Cash
Date Explanation Ref Debit Credit
apr. 1 Balance
5 240
11 5,643
13 5,445
14 3,800
16 500
20
23 7,400
26 2,300
27 4,410
29 90

Accounts Receivable
Date Explanation Ref Debit Credit
Apr. 4 J1 5,500
13 J1 5,500
30 J1 3,400

Inventory
Date Explanation Ref Debit Credit
Apr. 2 J1 6,200
4 J1 3,400
6 J1 500
11 J1 57
14 J1 3,800
16 J1 500
18 J1 4,500
20 J1 160
23 J1 4,120
26 J1 2,300
27 J1 90
29 J1 30
30 J1 1,900

Account payable
Date Explanation Ref` Debit Credit
Apr. 2 J1 6,200
6 J1 500
11 J1 5,700
18 J1 4,500
27 J1 4,500

Share capital ordinary

Date Explanation Ref Debit Credit
Apr. 1 Balance

Sales Revenue
Date Explanation Ref Debit Credit
Apr. 4 J1 5,500
23 J1 7,400
30 J1 3,400

Sales Returns and Allowances No. 412

Date Explanation Ref. Debit Credit
Apr. 29 J1

Sales Discounts No. 414

Date Explanation Ref. D Credit
e
Apr. 13 J1 55

Cost of Goods Sold

No. 505
Date Explanation Ref. Debit C
r
e
d
Apr. 4 J1 3,400 i
t
23 J1 4,120
29 J1 ###
30 J1 1,900
Freight-Out
Date Explanation R Debit Credit
e
No. 644
Apr. 5 f.J ###
1
(c)
VREE
Sales revenues
DISTRIBUTING
COMPANY Income
Statement (Partial)
Sales
For the Month
revenue ...................
Less:
Ended SalesApril 30, returns
2014
.................................
and
.
Sales
allowances ..............
discounts .................
.
Net
.....................
sales ........................
.................................
....
Cost of goods
sold ..........................
Gross
..........................
profit ........................
.................................
.......
Balance
8,000
7,760
2,117
7,562
3,762
4,262
4,102
11,502
9,202
4,792
4,702

Balance
5,500
0
3,400

Balance
6,200
2,800
2,300
2,243
6,043
5,543
10,043
10,203
6,083
8,383
8,293
8,323
6,423

Balance
 6,200
5,700
0
4,500
0

Balance
8,000

Balance
5,500
12,900
16,300

Balance
90

Balance
55

Balance

3,400
7,520
7,490
9,390

Balance

240

€16,300
€90
55 145
16,155
 9,390
€ 6,765
 EXERCISE 5-16
(a) Sales revenue ....................................... ###
Less: Sales returns and allowances.... $ 11,000
Sales discounts ........................ 7,000 18,000
Net sales ...............................................
###
Cost of goods sold
Inventory, January 1....................... 50,000
Purchases ....................................... $509,000
Less: Purch. rets. and alls. .......... 8,000
Purch. discounts................. 6,000
Net purchases................................. 495,000
Add: Freight-in................................ 4,000
Cost of goods available for sale ... 599,000
Less: Inventory, December 31....... 60,000
Cost of goods sold .................. ###
Gross profit .....................................###
(b) Gross profit $383,000 – Operating expenses = Net
income $130,000.
Operating expenses = $253,000.
$383,000
E5-21

BARBOSA COMPANY
Worksheet
For the Month Ended June 30, 2014

Account titles Trial Balance Adjustments Adj. Trial Balance

dr. cr. dr. cr. dr. cr.
Cash 2,120 2,120
Accounts Receivable 2,440 2,440
Inventory 11,640 11,640
Accounts Payable 1,120 1,500 2,620
Share Capital-ordinary 4,000 4,000
Sales Revenue 42,500 42,500
Cost of goods sold 20,560 20,560
Operating Expenses 10,860 1,500 12,360
Totals 47,620 47,620 1,500 1,500 49,120 49,120
Net income
Totals
 Income Statement Statement of financial
dr. cr. dr. cr.
2,120
2,440
11,640
2,620
4,000
42,500
20,560
12,360
32,920 42,500 16,200 6,620
9,580 9,580
42,500 42,500 16,200 16,200