Nama : Titan Trenady Bima Pramudya

Nim : 042111535033

P8-1A (413 PAGE)

(a) Transaction Account Debit Kredit (b) Accounts Receivable

1 Account Receivable $3,315,000 Debit Credit
1 Sales Revenue $3,315,000 Bal. 960,000 (2) 50,000
(1) 3,315,000 (3) 2,810,000
2 Sales Returns and Allowances $50,000 (5) 29,000 (4) 88,000
2 Account Receivable $50,000 (5) 29,000
Bal. 1,327,000
3 Cash $2,810,000
3 Account Receivable $2,810,000 Allowance for Doubtful Accounts
Debit Credit
4 Allowance for Doubtful Accounts $88,000 (4) 88,000 Bal. 66,000
4 Account Receivable $88,000 (5) 29,000

5 Account Receivable $29,000

5 Allowance for Doubtful Accounts $29,000 Bal. 7,000

5 Cash $29,000
5 Account Receivable $29,000

(c) Expected bad debts => balance needed = R$125,000 (d)

Balance before adjustment = $7,000 R$3,315,000 - R$50,000 R$3,265,000
= = 3.12 times
Adjustment required = $125,000 - $7,000 = R$118,000 (R$894,000 + R$1,202,000) ÷ 2 R$1,048,000

Date Account Debit Kredit

December 31 Bad Debt Expense $118,000
December 31 Allowance for Doubtful Accounts $118,000

P8-2A (413 PAGE)

(a) £66,000
(b) £2,500,000 × 3% = £75,000
(c) [(£970,000 × 7%) - £3,000 = £64,900
(d) [(£970,000 × 7%) + £3,000 = £70,900
(e) Kelemahan dari metode penghapusan langsung pelaporan piutang tak tertagih yaitu
tidak mencocokkan pengeluaran dengan pendapatan dan piutang tidak dinyatakan
sebesar nilai realisasi kas pada laporan posisi keuangan tunggal.