NAMA : MUTMAINNAH

NIM : 21/486941/PEK/27925

KELAS : MATRIKULASI (A)

Bagian E7.8

Mar. 1 Petty Cash € 100

Cash € 100
(To establish petty cash fund)

15 Stamp Inventory € 39
Freight Out 21
Miscellaneous Expense 11
Travel Expense 24
Cash Over and Short 3
Cash € 98
(To replenish petty cash fund)

20 Petty Cash € 75
Cash € 75
(To increase the size of the fund to €175 )

Bagian P7.6

a. Bank reconciliation

TIMMINS GROW-FAST
BANK RECONCILIATION
May 31, 2020

Cash balance per bank statement £ 6,968.00

Add: Deposits in transit 1,880.15
Error in recording check 360.00
£ 9,208.15
Less: Outstanding checks 276.25
Adjusted cash balance per bank £ 8,931.90

Cash balance per books £ 6,738.90

Add: Electronic funds transfer received 2,690.00
£ 9,428.90
Less: NSF check £ 380.00
Bank Service Charge 40.00
Error in recording cash sales 50.00
Error in recording check No. 1181 27.00 497.00
Adjusted cash balance per books £ 8,931.90
b. Adjusting entries for Timmins at May 31, 2020

May. 31 Cash £ 2690

Accounts Receivable £ 2690
(To record receipt of electronic funds transfer)

31 Accounts Receivable £ 380

Cash £ 380
(To record NSF check)

31 Bank Charge Expense £ 40

Cash £ 40
(To record bank service charge £40 )

31 Accounts Payable £ 50
Cash £ 50
(To correct error in recording cash sales )

31 Accounts Payable £ 27
Cash £ 27
(To correct error in recording check No. 1181)

Bagian P8.3

a. Adjusting entry for €26610 (€38610 - €12000)

Dec. 31 Bad debt expense € 26610

Allowance for Doubtful Accounts € 26610
(To adjust allowance account to total estimated
uncollectibles)

b. Adjusting entries

Mar. 31 Allowance for Doubtful Accounts € 1000

Accounts Receivable € 1000
(Write-off an uncollectible account)

May. 31 Accounts Receivable € 1000

Allowance for Doubtful Accounts € 1000
(To reverse write-off an uncollectible account)

May. 31 Cash € 1000

Accounts Receivable € 1000
(To record collection from the customer whose
account was written off as uncollectible on
March 31)

c. Adjusting entry for €32400 (€31600 + €800)

Dec. 31 Bad debt expense € 32400

Allowance for Doubtful Accounts € 32400
(To adjust allowance account to total estimated
uncollectibles)