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  • Accounting Case 3

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    RAAFI DAPSKI
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    The document appears to be the financial statements and transactions of a company for a period. It includes items such as cash, accounts receivable, inventory balances, fixed assets, sales, expenses, depreciation, and journal entries. The balance sheet shows total assets of $627,721 equal to total liabilities and equity. The income statement shows sales of $300,000 and net income of $9,671 after expenses. A cash budget and cash collection schedule are also presented.

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    The document appears to be the financial statements and transactions of a company for a period. It includes items such as cash, accounts receivable, inventory balances, fixed assets, sales, expenses, depreciation, and journal entries. The balance sheet shows total assets of $627,721 equal to total liabilities and equity. The income statement shows sales of $300,000 and net income of $9,671 after expenses. A cash budget and cash collection schedule are also presented.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    1 views9 pages

    Accounting Case 3

    Uploaded by

    RAAFI DAPSKI
    The document appears to be the financial statements and transactions of a company for a period. It includes items such as cash, accounts receivable, inventory balances, fixed assets, sales, expenses, depreciation, and journal entries. The balance sheet shows total assets of $627,721 equal to total liabilities and equity. The income statement shows sales of $300,000 and net income of $9,671 after expenses. A cash budget and cash collection schedule are also presented.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 9

    Cash Acc Receivable Inventories Fixed Asset Sales Expense

    23,700 296,000 28,000 280,021 -


    Saldo Awal 26,000 86,000 35,000 240,000 -
    Point B 90,000 210,000 - - -
    Point C - 98,100 - 218,000 - -
    Point E - - - - 6,000 52,000
    Point F - - - 47,000 -
    Point G 10,000 - - - -
    Point H - 4,200 - - - -
    Jurnal Depresiasi New Aset - - - - 979 -
    Perhitungan Laba Rugi - - - 225,000 - 52,000

    47,000 4 tahun
    11,750 per Tahun
    979 Per Bulan Akumulasi Penyusutan Aset
    Depreciation
    Interest Expense Expense Account Payable Note Payable Common Stock
    - - 255,900 88,350 195,000
    - - 31,000 78,000 195,000
    - - - - -
    - - 119,900 - -
    - 6,000 58,000 - -
    - - 47,000 - -
    350 - - 10,350 -
    - - - - -
    - 979 - - -
    - 350 - 6,979 - - -
    Retained Earnings Sales Profit/ Loss Sales
    78,800 - 9,671
    83,000 - - Less
    - 300,000 - COGS 225,000
    - - - Sales & Administrative Expense 58,000
    - - - 12,000 Interest Expense 350
    - - - Depreciation Expense New Aset 6,979
    - - - - 290,329
    - 4,200 - -
    - - - -
    - - 300,000 9,671 6,000 Profit/Loss
    -
    300,000 35,000
    28,000
    225,000

    218,000
    218,000

    9,671
    Asset Liability & Equity
    Cash 23,700 Account Payable 255,900
    Acc Receivable 296,000 Note Payable 88,350
    Inventories 28,000 Common Stock 195,000
    Fixed Asset 280,021 Retained Earnings 78,800
    Profit/ Loss 9,671

    627,721 627,721 TRUE

    -
    Income Statement
    Sales 300,000

    Less
    COGS 225,000
    Sales & Administrative Expense 58,000
    Interest Expense 350
    Depreciation Expense New Aset 6,979

    Profit/Loss 9,671
    Cash Budget for August
    Beginning cash balance $26.000
    Cash from operation $90.000
    Cash from notes payable $10.000 +
    Total available cash $126.000

    Less:
    Sales & administrative $52.000
    New equipment $47.000
    Dividend $4.200 +
    Total disbursement ($103.200)

    Cash Balance ` $22.800

    Less:
    Interest expense ($350) +
    Cash balance $22.450
    Cash Collection
    August
    Cash from sales 300.000 X 30% $90.000
    Cash from notes payable $10.000 +
    $100.000
    Beginning Inventory 35,000
    Purchase x
    Ending 28,000
    COGS 225,000

    Purchase
    COGS + Ending - Beginning 218,000

    Dibayar Kas (45%) 98,100


    Dibayar Hutang (55%) 119,900

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