Nama : Revanza Trivian Rizaldi Aziz

NIM : 12020122140161

SOAL P10.1

jawab.
a. Chuan Kwang Luggage
Journal Entries
At January 2020
Date Particulars Ref
January 5 Cash
Sales revenue ( 20,520/1,08)
Sales Taxes payable (19,000 x 8%)

12 Unearned service revenue

Service revenue

14 Sales tax payable

Cash

20 Account receivable
Sales revenue (900 x 50)
Sales Taxes payable (45,000 x 8%)

21 Cash
Notes payable
25 Cash
Sales revenue (12,420/1,08)
Sales tax payable (11,500 x 8%)
e b. Chuan Kwang Luggage
Adjusting Entries
Date Particulars
Debit Credit January 31 Interest Expense (27,000 x 8% x 1/12 x 1/3)
20520 Interest Payable
19000
1520
31 Warranty Expense (45,000 x 7%)
10000 Warranty Liability
10000

7700
7700 c. Chuan Kwang Luggage
Statement Financial Position
48600 January 31, 2020
45000 Particulars
3600 Current Liabilities
Notes payable
27000 Account payable
27000 Unearned Service revenue (16,000 - 10,000)
Warranty Liability
Sales taxes payable (1,520 + 3,600 + 920)
12420 Interest Payable
11500 Total
920
Kwang Luggage
sting Entries
culars Ref Debit Credit
x 8% x 1/12 x 1/3) 60
60

3150
3150

uggage
al Position
2020
Amount

27000
52000
6000
3150
6040
 60
94250
Nama : Revanza Trivian Rizaldi Aziz
NIM : 12020122140161

soal P10.3

jawab. Cedarville Company

Journal Entries
Particulars Ref Debit Credits
Salaries and wages expense 25800
Withholding taxes payable (25800 x 10%) 2580
Social security taxes payable (25800 x 8%) 2064
Union dues payable (25800 x 2%) 516
Cash 20640

Payroll tax expense 2064

Social security taxes payable (25800 x 8%) 2064
Nama : Revanza Trivian Rizaldi Aziz
NIM : 12020122140161

Soal P10.6

jawab. Determine the working capital ratio

Receivable 75000
Cash 40000
Current assets 115000
Current liabilities 70000
Current ratio 1.64

Compute the working capital

Receivables 75000
Cash 40000
Currents assets 115000
Currents liabilities 70000
Working Capital 45000