SOAL PT ABC ELEKTRONIK

Selling price 10,000,000

Cost 8,500,000
Margin 1,500,000

Sold 60 units
Selling price 10,000,000
Total sales 600,000,000
Commission 60,000,000

Total 80% of sales

SALES 600,000,000 480,000,000
Collection 372,000,000 360,000,000

Sold Return
Units 60 2
Consignor expenses
Cost 510,000,000 17,000,000
Freight 3,000,000 100,000

Consignee expenses
Delivery expenses 2,000,000 -
Delivery - return goods 100,000 -
Commission 60,000,000 -

TOTAL COST 575,100,000 17,100,000

SALES 600,000,000
Consignment Income 24,900,000

ACCOUNT SALES REPORT

Sales 60 units 600,000,000

Collection

Deduction:
Delivery expenses
Delivery - return goods
Commission 10% 480,000,000
Advances 62 1,000,000
Commission payable 10% 120,000,000
AR - Consignee
Net - AR

Consignment Out consisted of:

Inventory on consignment
Net - AR - Consignee
Total Ending balance Consignment Out

LABA TERPISAH
PT ABC Elektronik (Consignor)

Pengiriman 100 unit Consignment Out

- Inventories

Biaya kirim ke gudang Consignment Out

PT Komputer Jaya - Cash

Uang Muka oleh PT Komputer Jaya Cash

- Advances

Biaya pengiriman atas No entry

Retur 2 unit ke PT ABC

Biaya pengiriman ke customer No entry

Penjualan 60 unit No entry

Pengiriman Uang ke PT ABC Cash

Advances
Consignment Out
- Consignment Out

Consignment Out
- Consignment Income
 Inventories
- Consignment Out
(Returned units)

LABA TIDAK TERPISAH

PT ABC Elektronik (Consignor)

Pengiriman 100 unit Inventories on consignment

- Inventories

Biaya kirim ke gudang Freight Out

PT Komputer Jaya - Cash

Uang Muka oleh PT Komputer Jaya Cash

- Advances

Biaya pengiriman atas No entry

Retur 2 unit ke PT ABC

Biaya pengiriman ke customer No entry

Penjualan 60 unit No entry

Pengiriman Uang ke PT ABC Cash

Receivable - PT Komputer
Advances
Delivery expenses
Delivery - return goods
Commission
- Sales

COGS
- Inventories on consignment

Inventories
 - Inventories on consignment
(Returned units)

(Returned units) Inventories

Inventories on consignment
- Freight Out
20% of sales
120,000,000
12,000,000

On-hand Total
38 100

323,000,000 850,000,000
1,900,000 5,000,000

Consignment Out
- 2,000,000 Dr. Cr.
- 100,000 850,000,000
- 60,000,000 5,000,000 17,100,000
62,100,000 600,000,000
324,900,000 917,100,000 24,900,000
942,000,000 617,100,000
324,900,000 Ending balance

AR - Consignee 216,000,000
Cash 259,900,000
Advances 62,000,000
372,000,000 Consignment Out 62,100,000
Consignment Out 600,000,000

(2,000,000)
(100,000)
(48,000,000)
(62,000,000) 60 unit terjual + 2 unit retur
259,900,000
 (12,000,000)
228,000,000
216,000,000

324,900,000
216,000,000
540,900,000

PT Komputer Jaya (Consignee)

850,000,000 - Memorandum
- 850,000,000

5,000,000 - No entry
- 5,000,000

100,000,000 - Advances 100,000,000 -

- 100,000,000 - Cash - 100,000,000

Consignment In 100,000 -
- Cash - 100,000

Consignment In 2,000,000 -
- Cash - 2,000,000

Cash 372,000,000 -
Accounts Receivable 228,000,000 -
- Consignment In - 600,000,000

Consignment In 60,000,000 -
- Commission Income - 60,000,000

259,900,000 - Consignment In 321,900,000 -

62,000,000 - - Cash - 259,900,000
278,100,000 - - Advances - 62,000,000
- 600,000,000
GL T Account - Consignment In
24,900,000 - 100,000
- 24,900,000 2,000,000
60,000,000
 17,100,000 - 321,900,000 600,000,000
- 17,100,000 384,000,000 600,000,000
216,000,000
600,000,000 600,000,000

PT Komputer Jaya (Consignee)

850,000,000 - Memorandum
- 850,000,000

5,000,000 - No entry
- 5,000,000

100,000,000 - Advances 100,000,000 -

- 100,000,000 - Cash - 100,000,000

PT ABC 100,000 -
- Cash - 100,000

PT ABC 2,000,000 -
- Cash - 2,000,000

Cash 372,000,000 -
Accounts Receivable 228,000,000 -
- Sales - 600,000,000

COGS 540,000,000 -
- PT ABC - 540,000,000

259,900,000 - PT ABC 321,900,000 -

216,000,000 - Cash - 259,900,000
62,000,000 - - Advances - 62,000,000
2,000,000 -
100,000 - GL T Account - PT ABC
60,000,000 - 100,000
- 600,000,000 2,000,000
321,900,000 540,000,000
510,000,000 - 324,000,000 540,000,000
- 510,000,000 216,000,000
540,000,000 540,000,000
17,000,000 -
 - 17,000,000

100,000 -
1,900,000 -
- 2,000,000

324,900,000
324,900,000
-
ding balance
SOAL PTSS

1) Selling price/unit 1,800,000

Cost/unit 1,000,000

Sold On-hand Total

Unit 15 25 40
Consignor expense
Cost 15,000,000 25,000,000 40,000,000
Shipping cost 900,000 1,500,000 2,400,000

Consignee expense
Freight 375,000 625,000 1,000,000
Commission 6,750,000 - 6,750,000
Total Cost 23,025,000 27,125,000 50,150,000
Sales 27,000,000
Consignment Income 3,975,000

2) Account Sales report

Sales 15 units x Rp 1,800,000/unit 27,000,000

Reimbursement:
Freight (1,000,000)
Commission (6,750,000)
Total 19,250,000
Cash remittance (5,750,000)
Balance due to Consignor (PTSS) 13,500,000

3) Consignee - Bengkel Bridgestone journal

Description Journal entries Dr. Cr.

Shipment of goods Memorandum

Freight Rp 1,000,000,- PT Sinar Sparepart 1,000,000 -

Cash - 1,000,000

Sales of 15 units Cash 13,500,000 -

Accounts Receivable 13,500,000 -
Sales - 27,000,000

COGS 20,250,000 -
PT Sinar Sparepart - 20,250,000

Cash remittance PT Sinar Sparepart 5,750,000 -

Cash - 5,750,000

Consignor - PT Sinar Sparepart

Shipment of goods Inventory on consignment 40,000,000 -

Inventory - 40,000,000

Shipping cost Shipping cost 2,400,000 -

Cash - 2,400,000

Cash remittance Cash 5,750,000 -

Accounts receivable - Bengkel Bridgestone 13,500,000 -
Inventory on consignment 2,125,000 -
Commission 6,750,000 -
Freight - Bengkel Bridgestone 375,000 -
Sales - 27,000,000
Shipping cost - 1,500,000

COGS 15,000,000 -
Inventory on consignment - 15,000,000

4) Correction journal should be made in consignor books:

Description Journal entries Dr. Cr.
Journal wrongly made by consignor:
Cash 5,750,000 -
Trade receivable 66,250,000 -
Sales - 72,000,000
(1.800.000 x 40 unit)
Correction journal:

Inventory on consignment 27,125,000 -

COGS 15,000,000 -
Sales 45,000,000 -
Shipping cost 900,000 -
Freight - Bengkel Bridgestone 375,000 -
Commission 6,750,000 -
Trade receivable - 52,750,000
Inventory - 40,000,000
Cash - 2,400,000