NAMA : MUTMAINNAH

NIM : 21/486941/PEK/27925

KELAS : MATRIKULASI (A)

Bagian E7.8

Mar. 1 Petty Cash € 100

Cash € 100
(To establish petty cash fund)

15 Stamp Inventory € 39
Freight Out 21
Miscellaneous Expense 11
Travel Expense 24
Cash Over and Short 3
Cash € 98
(To replenish petty cash fund)

20 Petty Cash € 75
Cash € 75
(To increase the size of the fund to €175 )

Bagian P7.6

a. Bank reconciliation

TIMMINS GROW-FAST
BANK RECONCILIATION
May 31, 2020
 
Cash balance per bank statement £ 6,968.00
Add: Deposits in transit 1,880.15
Error in recording check 360.00
  £ 9,208.15
Less: Outstanding checks 276.25
Adjusted cash balance per bank £ 8,931.90
   
Cash balance per books £ 6,738.90
Add: Electronic funds transfer received 2,690.00
  £ 9,428.90
Less: NSF check £ 380.00  
Bank Service Charge 40.00  
Error in recording cash sales 50.00  
Error in recording check No. 1181 27.00 497.00
Adjusted cash balance per books £ 8,931.90
     

b. Adjusting entries for Timmins at May 31, 2020

 May. 31 Cash £ 2690
Accounts Receivable £ 2690
(To record receipt of electronic funds transfer)

31 Accounts Receivable £ 380

Cash £ 380
(To record NSF check)

31 Bank Charge Expense £ 40

Cash £ 40
(To record bank service charge £40 )

31 Accounts Payable £ 50
Cash £ 50
(To correct error in recording cash sales )

31 Accounts Payable £ 27
Cash £ 27
(To correct error in recording check No. 1181)

Bagian P8.3

a. Adjusting entry for €26610 (€38610 - €12000)

Dec. 31 Bad debt expense € 26610

Allowance for Doubtful Accounts € 26610
(To adjust allowance account to total estimated
uncollectibles)

Bad Debt Expense

Dec. 31 Adj. 26610

Allowance for Doubtful Accounts

  Dec. 31 Unadj.
  Bal. 12000
  Dec. 31 Adj. 26610
  Dec. 31 Bal. 38610

b. Adjusting entries

Mar. 31 Allowance for Doubtful Accounts € 1000

Accounts Receivable € 1000
(Write-off an uncollectible account)

May. 31 Accounts Receivable € 1000

Allowance for Doubtful Accounts € 1000
(To reverse write-off an uncollectible account)

May. 31 Cash € 1000

Accounts Receivable € 1000
(To record collection from the customer whose
account was written off as uncollectible on
March 31)


Allowance for Doubtful Accounts
Mar. 31 1000
 

Accounts Receivable
 Jan. 31 Bal. 1000 Mar. 31 1000
 Mar. 1 Bal 0


Allowance for Doubtful Accounts
Mar. 31 1000
  May. 31 1 000
 May. 31 Bal 0

Accounts Receivable
 Jan. 31 Bal. 1000 Mar. 31 1000
 Mar. 31 Bal 0
 May. 31 1 000 May. 31 1 000
 May. 31 Bal 0

Cash
May. 31 1000
 

c. Adjusting entry for €32400 (€31600 + €800)

Dec. 31 Bad debt expense € 32400

Allowance for Doubtful Accounts € 32400
(To adjust allowance account to total estimated
uncollectibles)