Nama : Rifki Nanda Pratama

NIM : 21080694073
Kelas : Akuntansi 2021 B

AKUNTANSI INTERMEDIATE 2

BE18-1

Accounts Receivable .................................................. 103,400

Sales Revenue ($110,000 X 94%) ...................... 103,400

BE 18-2

Notes Receivable......................................................... 10,000

Sales Revenue ..................................................... 10,000

Sales revenue .............................................................. $ 10,000

Interest revenue........................................................... 1,000
Total revenue ....................................................... $ 11,000

BE 18-3

Cash ($70,000 X 6%) ................................................... 4,200

Sales Revenue ..................................................... 4,200

BE 18-4

(a) Sales Returns and Allowances ......................... 78,000

Accounts Receivable .................................. 78,000

(b) Sales Returns and Allowances ......................... 27,000

Allowance for Sales Returns and
Allowances
[(15% X $700,000) – $78,000] ................ 27,000
BE 18-5

Cash........................................................................................ 18,850*
Advertising Expense............................................................ 500
Commission Expense .......................................................... 2,150
Revenue from Consignment Sales ............................ 21,500

*[$21,500 – $500 – ($21,500 X 10%)]

Cost of Goods Sold .............................................................. 13,200

Inventory on Consignment
[60% X ($20,000 + $2,000)] ....................................... 13,200

BE 18-6

January income .................................................................... $ 0

February income ($4,000 – $3,000) X 50% ........................ $500
March income ($4,000 – $3,000 X 30%) ............................. $300
April income ($4,000 – $3,000 X 20%)................................ $200

BE 18-7

Construction in Process............................................ 1,700,000

Materials, Cash, Payables. ................................ 1,700,000

Accounts Receivable ................................................. 1,200,000

Billings on Construction in Process................ 1,200,000

Cash.............................................................................. 960,000
Accounts Receivable ......................................... 960,000

Construction in Process
[($1,700,000 ÷ 5,000,000) X $2,000,000]................680,000
Construction Expenses .............................................1,700,000
Revenue from Long-Term Contracts
($7,000,000,000 X 34%) ................................... 2,380,000
 BE 18-8

Current Assets
Accounts receivable ........................................... $ 240,000
Inventories
Construction in process............................. $2,450,000
Less: Billings .............................................. 1,400,000
Costs and recognized profit in excess of
billings .............................. 1,050,000

BE 18-9

Construction in Process ............................................ 1,700,000

Materials, Cash, Payables .................................. 1,700,000

Accounts Receivable .................................................. 1,200,000

Billings on Construction in Process ................ 1,200,000

Cash .............................................................................. 960,000

Accounts Receivable .......................................... 960,000

BE 18-10

Current Assets
Accounts receivable ........................................... $240,000
Inventories
Construction in process............................. $1,715,000
Less: Billings .............................................. 1,000,000
Costs in excess of billings ............................ 715,000

BE 18-11

(a) Construction Expenses...................................... 278,000

Construction in Process ............................ 20,000*
Revenue from Long-Term Contracts........ 258,000

(b) Loss from Long-Term Contracts....................... 20,000*

Construction in Process ............................ 20,000
*[$420,000 – ($278,000 + $162,000)]
BE 18-12

Installment Accounts Receivable, 2014...................... 150,000

Installment Sales Revenue.................................... 150,000

Cash.................................................................................. 54,000
Installment Accounts Receivable, 2014.............. 54,000
Cost of Installment Sales .............................................. 102,000
Inventory.................................................................. 102,000

Installment Sales Revenue............................................ 150,000

Cost of Installment Sales ...................................... 102,000
Deferred Gross Profit, 2014 .................................. 48,000

Deferred Gross Profit, 2014 .......................................... 17,280

Realized Gross Profit (32% X $54,000)................ 17,280

BE 18-13

Repossessed Merchandise........................................... 275

Loss on Repossession .................................................. 37*
Deferred Gross Profit ($520 X 40%)............................. 208
Installment Accounts Receivable ........................ 520

*[$275 – ($520 – $208)]