BKAL1013 BUSINESS ACCOUNTING - Semester A191

TUTORIAL 3: Chapter 5

PART (A):

1. A 6. C

2. A 7. C

3. A 8. B

4. A 9. D

5. A 10. D

PART (B) :

DATE DESCRIPTION DEBIT CREADIT

3 Merchandise inventory [24000 x 25% = 6000 18255

24000 - 6000 =18000

Tania enterprise 18000 - 360 = 17640

=17640 + 615 = 18255

Account payable - tania enterprise 18255

5 Mi [10250 - (10250 X 2%) =10045] 10045

AP - mama enterprise 10045

6 AR -melati borong

Sales[ 18000 x 35% =6300

18000 - 6300 = 11700

11700 x 2% = 234

11700 - 234 = 11466

Cost of merchandise sold 8250

8250

7 AP - mama enterprise [1800-(1800 x 2%)] 1764

Merchandise inventory 1764

13 AP [Tania enterprise (18000-360) 17640

cash 17640
15 AP [ Mama enterprice ( 10045 - 1764 ) 8281

cash 8281

16 Cash 8250

AR- melati borong 8250

19 Cash 39500

Sales 39500

Cost of the merchandise sold 23700

Merchandise inventory 23700

22 Cash [11300 - (11300 x 2%] 11074

Sales 11074

Cost of the merchandise sold 6700

Merchandise inventory 6700

23 Cash 17680

Sales 17680

Cost of the merchandise sold 9100

Merchandise inventory 9100

28 Customer , return payable 2000

Cash 2000

Merchandise inventory 1100

Return inventory 1100

31 Creadit card expense 1050

cash 1050