Diperiksa oleh:

Ujian :  Tengah Semester  Akhir Semester  Susulan

Semester :  Ganjil Genap  Pendek T. A : 2020 / 2021
Fakultas / Jenjang : Bisnis /D3/S1/S2 Industri Kreatif / S1

KMK – Nama Mata Kuliah : Intermediate Accounting 1 Sifat Ujian :

Buka Buku Tutup Buku
Hari / Tanggal : Senin, 26 Juli 2021 Perlengkapan Ujian :
Kalkulator Tabel
Dosen : Budi Kurniawan Berkas Jawaban Ujian:
Softcopy Tertulis
Waktu Ujian : 08:00 – 10:00 WIB Buku Jawaban:
 Tebal  Tipis
NIM Mahasiswa : Kelas :
Nama Mahasiswa :

Part 1 (50%)

The following trial balance was taken from the books of Fisk Corporation on December 31, 2022.
Account Debit Credit
Cash € 12,000
Accounts Receivable 40,000
Note Receivable 7,000
Allowance for Doubtful Accounts € 1,800
Inventory 44,000
Prepaid Insurance 4,800
Equipment 105,000
Accumulated Depreciation–Equip. 15,000
Accounts Payable 10,800
Share Capital–Ordinary 44,000
Retained Earnings 55,000
Sales Revenue 260,000
Cost of Goods Sold 111,000
Salaries and Wages Expense 50,000
Rent Expense 12,800
Totals €386,600 €386,600

At year end, the following items have not yet been recorded.
a. Insurance expired during the year, €2,000.
b. Estimated bad debts, €2,600.
c. Depreciation on equipment, 10% per year.
d. Interest at 5% is receivable on the note for one full year.
e. Services provided but not yet billed, €5,400.
f. Accrued salaries and wages at December 31, €5,800.
Instructions
(a) Prepare the necessary adjusting entries.
(b) Prepare the necessary closing entries.

Part 2 (50%)

Wang Corporation's capital structure consists of 40,000 ordinary shares. At December 31, 2022
an analysis of the accounts and discussions with company officials revealed the following
information:

Sales ¥1,050,000
Purchase discounts 18,000
Cost of goods sold 651,000
Loss on discontinued operations (net of tax) 28,000
Selling expenses 128,000
Cash 60,000
Accounts receivable 90,000
Share capital 200,000
Accumulated depreciation 180,000
Dividend revenue 8,000
Inventory, January 1, 2022 152,000
Inventory, December 31, 2022 125,000
Unearned service revenue 4,400
Accrued interest payable 1,000
Land 370,000
Patents 100,000
Retained earnings, January 1, 2022 290,000
Interest expense 17,000
General and administrative expenses 150,000
Dividends declared 29,000
Allowance for doubtful accounts 5,000
Notes payable (maturity 7/1/25) 200,000
Machinery and equipment 450,000
Materials and supplies 40,000
Accounts payable 60,000

The amount of income taxes applicable to ordinary income was ¥33,600, excluding the tax effect
of the discontinued operations loss which amounted to ¥12,000.

Instructions
(a) Prepare an income statement.
(b) Prepare a retained earnings statement.