Soal Mojakoe Pengantar Akuntansi

UTS Ganjil 2022-2023

Problem 1 (Partial Accounting Cycle for Service Company)

On April 1, 2022, Jalan Keliling Co. began operations. The following transactions were
completed during the month.
1. Apr 1: Owner invested Rp30.000.000 in the business.
2. Apr 3: Obtained a bank loan for Rp5.000.000 by issuing a note payable.
3. Apr 4: Paid Rp530.000 cash to buy equipment.
4. Apr 5: Paid Rp2.100.000 cash for April office rent.
5. Apr 6: Paid Rp235.000 cash for supplies.
6. Apr 10: Purchased Rp300.000 of advertising in the Harian Kita, on account.
7. Apr 14: Performed services for Rp5.000.000: cash of Rp1.500.000 was received from
customers and the balance of Rp3.500.000 was billed to customers on account.
8. Apr 24: Paid the utility bill for the month, Rp950.000.
9. Apr 24: Cash withdrawal of Rp200.000 by owner for personal use.
10. Apr 26: Paid Harian Kita the amount due in transaction (6).
11. Apr 27: Paid employees’ salaries and wages, Rp2.300.000.
12. Apr 28: Paid Rp110.000 cash of interest on the bank loan obtained in transaction (2).
13. Apr 29: Received Rp2.000.000 cash from customers billed in transaction (7).

Instructions:
1. Journalize each of the transaction.
2. Post to the ledger accounts.
3. Prepare a Trial Balance as of April 30, 2022.
Problem 2 (Adjusting Entries)
Neo City Co. shows the following data for the month of June 2022:

Trial Balance Adjustment Adjusted TB Income SPF

Statement

Accounts Title Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr.

1 Cash 21,220

2 Account 15,700
Receivable

3 Supplies 6,400

4 Prepaid 24,000
Insurance

5 Equipment 33,000

6 Accumulated 10,500
Depreciation

7 Account 15,070
Payable

8 Bank Payable 19,900

9 Salaries 5,400
Payable

10 Unearned 7,350
Revenue

11 Interest 5,200
Payable

12 Income Tax 8,250

Payable
13 Owner’s 34,200
Capital

14 Owner’s 10,700
Drawing

15 Service 65,900
Revenue

16 Advertising 13,900
Expense

17 Supplies 8,900
Expense

18 Depreciation -
Expense

19 Insurance -
Expense

20 Salaries 32,900
Expense

21 Interest
Expense

22 Income Tax 5,050

Expense

Adjustment:

1. Supplies on hand at the end of the month $5250.

2. Depreciation expense of Equipment is $8.400 per year.

3. Prepaid insurance started 1 June 2022 for 4 years.

4. Unearned revenue was received on 1 June 2022 for 12 months.

5. Bank payable started 1 Jan 2022 for 12 months, interest rate 12% per year. All interest payable
and principal will be paid at end of the year.

Instructions:
1. Prepare necessary adjusting journal entries on June 30, 2022.
2. Complete the 10-column worksheet.
3. Prepare closing journal entries.
4. Prepare post-closing Trial Balance of June 30, 2022.
Problem 3 (Merchandising)
Dear Dream Store

Unadjusted Trial Balance

December 31, 2022 (in Rp)

Accounts Amount

Accounts Payable Rp 180.700,00

Accounts Receivable Rp 33.150,00

Accumulated Depr.—Building Rp 30.000,00

Accumulated Depr.—Equipment Rp 15.000,00

Building Rp 450.000,00

Cash Rp 85.650,00

Dear Dream, Capital, January 1 Rp 278.450,00

Depr. Expense—Building Rp 40.000,00

Depr. Expense—Equipment Rp 20.000,00

Dear Dream, Drawing Rp 5.000,00

Equipment Rp 225.000,00

Insurance Expense Rp 24.500,00

Interest Payable Rp 66.500,00

Inventory Rp 123.250,00

Bank Payable Rp 32.294,00

Sales Revenue Rp 1.400.000,00

Office Salaries Expense Rp 78.900,00

Prepaid Insurance Rp 10.500,00

Property Tax Expense Rp 15.000,00

 Sales Salaries Expense Rp 132.400,00

Cost of Good Sold Rp 850.000,00

Sales Salaries Payable Rp 16.700,00

Sales Commissions Expense Rp 40.300,00

Sales Commissions Payable Rp 33.200,00

Sales Returns and Allowances Rp 25.120,00

Unearned Revenue Rp 115.000,00

Utilities Expense Rp 23.125,00

Utilities Expense Payable Rp 14.000,00

Dear Dream Store also completed the following merchandising transactions on December
2022.

Date Amount

Purchased merchandise on account from The

01-Dec-22 Link Supply, 2/10, n/30 Rp 7.200,00

Sold merchandise on account to Full Sun Stores,

1/10, n/30, FOB Destination Rp 5.100,00

03-Dec-22 Cost of the merchandise sold Rp 3.825,00

04-Dec-22 Freight cost of the transaction Dec 1 for cash Rp 425,00

Returned damaged merchandise to The Link

05-Dec-22 Supply Rp 600,00

10-Dec-22 Paid The Link Supply in full ?

12-Dec-22 Received collection in full from Full Sun Stores ?

Purchased merchandise for cash from Moonwalk

13-Dec-22 Ltd. Rp 4.950,00

Returned damaged merchandise and received

15-Dec-22 cash refund from Moonwalk Ltd. Rp 660,00
 Sold merchandise for cash Rp 7.500,00

20-Dec-22 Cost of the merchandise sold Rp 6.000,00

Made refunds to cash customers for defective

merchandise Rp 75,00

23-Dec-22 The returned merchandise had a fair value of Rp 55,00

Sold merchandise on account, n/30 Rp 2.400,00

25-Dec-22 Cost of the merchandise sold Rp 1.920,00

Instructions:
a. Prepare journals for the transactions (both periodic and perpetual)!
b. Posting journal entries (perpetual method) into ledger (T-accounts).
c. Prepare the multiple step income statement, owner's equity statement, and statement of
financial position/balance sheet from perpetual journal entries (Bank payable due in
2025).

Problem 4.1 (Inventory)

During September 2022, PT Hatiku Senang recorded the following transaction regarding
inventory.

Date Activities Quantity Price/unit

Sept 2, 2022 Beginning Inventory 100 Rp 500

Sept 5, 2022 Purchases 270 Rp 550

Sept 8, 2022 Sales 250 Rp 800

Sept 15, 2022 Purchase 125 Rp 560

Sept 18, 2022 Purchase return 18 Rp 560

Sept 22, 2022 Sales 100 Rp 850

Sept 29, 2022 Sales return 27 Rp 850

Instructions:
Calculate Cost of Good Sold (COGS) and ending inventory using these methods:
1. FIFO Perpetual
2. FIFO Periodic
3. Weighted-average Perpetual
4. Weighted-average Periodic

Problem 4.2 (Inventory)

PT Senyumanmu started operations in May 2022. In May 2022, PT Senyumanmu made
purchases and sales as follows.

Date Transaction Unit Cost/Unit

May 1 Beginning inventory 65 $ 150

May 4 Purchase 200 $ 160

May 10 Sales 70 $ 300

May 18 Sales 100 $ 290

May 23 Purchases 160 $ 165

May 27 Sales 25 $ 315

Instructions:
Calculate gross profit in May 2022 using the following method:
a. FIFO Perpetual
b. Weighted-average periodic