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  • Tugas Akm Per.6 - Safani Anugrah

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    safani ganteng
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    This document contains journal entries for Sanford Corp from July 1 to December 29. It records net sales with a 2% discount on July 1, the sale of an account receivable for less than face value on July 5 resulting in a loss, obtaining a loan on July 9 with financing fees, reversing the sales discount on July 11 after payment was received, and writing off 90% of an uncollectible account receivable from Legler on December 29.

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    Tugas Akm Per.6_safani Anugrah

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    This document contains journal entries for Sanford Corp from July 1 to December 29. It records net sales with a 2% discount on July 1, the sale of an account receivable for less than face value on July 5 resulting in a loss, obtaining a loan on July 9 with financing fees, reversing the sales discount on July 11 after payment was received, and writing off 90% of an uncollectible account receivable from Legler on December 29.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    3 views1 page

    Tugas Akm Per.6 - Safani Anugrah

    Uploaded by

    safani ganteng
    This document contains journal entries for Sanford Corp from July 1 to December 29. It records net sales with a 2% discount on July 1, the sale of an account receivable for less than face value on July 5 resulting in a loss, obtaining a loan on July 9 with financing fees, reversing the sales discount on July 11 after payment was received, and writing off 90% of an uncollectible account receivable from Legler on December 29.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    of 1

    Nama:safani anugrah

    Nim:20221280011
    Prodi:akuntansi

    Sanford corp
    Jurnal entries
    Date account Debit($) Credit($)
    July 1 Sales revenue 10.000
    Account receivable 9.800
    Sales discount 200
    (recording net sales to legler with 2% discount)
    July 5 Account receivable 12.000
    Cash(12.000x(1-0,09) 10.920
    Loss on sale of receivable(12.000-10.920) 1.080
    July 9 Loan payable 6.000
    Cash (6.000x(1-0,06) 5.640
    Financing fees(6.000-5.640) 360
    july 11 Account receivable 200
    Sales discount 200
    (reversal of legler discount as payment not receivable)
    Dec 29 Account receivable 9.000
    Allowance for uncollectible accounts 9.000
    (writing of 90% of legler receivables as uncollectible)

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