Nama : Arya Bima Putra

NIM : 215020300111071
Kelas : CH
Mata Kuliah : Pengantar Akuntansi

EXERCISES
E1-1 Sondgeroth Company performs the following accounting tasks during the year.
______Analyzing and interpreting information.
______Classifying economic events.
______Explaining uses, meaning, and limitations of data.
______Keeping a systematic chronological diary of events.
______Measuring events in monetary units.
______Preparing accounting reports.
______Reporting information in a standard format.
______Selecting economic activities relevant to the company.
______Summarizing economic events.
Accounting is “an information system that identifies, records, and communicates the economic
events of an organization to interested users.”
Instructions
Categorize the accounting tasks performed by Sondgeroth as relating to either the identification
(I), recording (R), or communication (C) aspects of accounting.
Answer:
1. Communicates the economic events. (C)
2. Records the economic events. (R)
3. Communicates the economic events. (C)
4. Records the economic events. (R)
5. Records the economic events. (R)
6. Communicates the economic events. (C)
7. Communicates the economic events. (C)
8. Identifies the economic events. (I)
9. Records the economic events. (R)

E1-5 Robinson Cleaners has the following statement of fi nancial position items.
Accounts payable Accounts receivable
Cash Notes payable
Equipment Salaries and wages payable
Supplies Share capital—ordinary
Instructions
Classify each item as an asset, liability, or equity.
Answer:
1. Accounts Payable (Liability)
2. Cash (Asset)
3. Equipment (Asset)
4. Supplies (Asset)
5. Accounts Receivable (Asset)
6. Notes Payable (Liability)
7. Salaries and Wages Payable (Liability)
8. Share Capital—Ordinary (Equity)

E1-7 Collins Computer Timeshare Company entered into the following transactions during May
2014.
1. Purchased computer terminals for R$20,000 from Digital Equipment on account.
2. Paid R$3,000 cash for May rent on storage space.
3. Received R$15,000 cash from customers for contracts billed in April.
4. Provided computer services to Schmidt Construction Company for R$2,400 cash.
5. Paid Central States Power Co. R$11,000 cash for energy usage in May.
6. Shareholders invested an additional R$32,000 in the business.
7. Paid Digital Equipment for the terminals purchased in (1) above.
8. Incurred advertising expense for May of R$900 on account.
Instructions
Indicate with the appropriate letter whether each of the transactions above results in:
(a) An increase in assets and a decrease in assets.
(b) An increase in assets and an increase in equity.
(c) An increase in assets and an increase in liabilities.
(d) A decrease in assets and a decrease in equity.
(e) A decrease in assets and a decrease in liabilities.
(f) An increase in liabilities and a decrease in equity.
(g) An increase in equity and a decrease in liabilities.

Answer:
1. An increase in assets and an increase in liabilities. (c)
2. A decrease in assets and a decrease in equity. (d)
3. An increase in assets and a decrease in assets. (a)
4. An increase in assets and an increase in equity. (b)
5. A decrease in assets and a decrease in equity. (d)
6. An increase in assets and an increase in equity. (b)
7. A decrease in assets and a decrease in liabilities. (e)
8. An increase in liabilities and a decrease in equity. (f)