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  • General Entries:: Underallowance RP 600,000

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    Callista Regina
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    This document contains accounting entries for a company from January 2022 to December 2022. It records purchases, cash receipts, sales, inventory balances and cost of goods sold. Adjusting entries are made at year-end to record installment sales revenue and costs not yet realized, as well as realized gross profits. Closing entries transfer inventory balances and nominal account balances to income summary, and record the company's net income for the year.

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    This document contains accounting entries for a company from January 2022 to December 2022. It records purchases, cash receipts, sales, inventory balances and cost of goods sold. Adjusting entries are made at year-end to record installment sales revenue and costs not yet realized, as well as realized gross profits. Closing entries transfer inventory balances and nominal account balances to income summary, and record the company's net income for the year.

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    © All Rights Reserved
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    11 views2 pages

    General Entries:: Underallowance RP 600,000

    Uploaded by

    Callista Regina
    This document contains accounting entries for a company from January 2022 to December 2022. It records purchases, cash receipts, sales, inventory balances and cost of goods sold. Adjusting entries are made at year-end to record installment sales revenue and costs not yet realized, as well as realized gross profits. Closing entries transfer inventory balances and nominal account balances to income summary, and record the company's net income for the year.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    of 2

    SP Rp 3,000,000

    ICR 2020 Rp 120,000,000


    ICR 2021 Rp 95,000,000
    DGP 2020 Rp 18,000,000 15%
    DGP 2021 Rp 11,400,000 12%

    General Entries:
    Jan-06 Purchase Rp 38,500,000
    Cash Rp 15,400,000
    Accounts Payable Rp 23,100,000

    Feb-04 Accounts Payable Rp 11,550,000


    Cash Rp 11,550,000

    Mar-06 Cash Rp 36,000,000


    Accounts Receivable Rp 54,000,000
    Sales Revenue Rp 90,000,000

    Mar-12 Accounts Payable Rp 11,550,000


    Cash Rp 11,550,000

    Mar-21 Cash Rp 52,920,000


    Sales Discount Rp 1,080,000
    Accounts Receivable Rp 54,000,000

    Apr-28 Cash Rp 27,000,000


    ICR 2022 Rp 63,000,000
    Installment Sales Rp 90,000,000

    Jun-16 ICR 2022 Rp 28,400,000


    MI - Trade In Rp 2,200,000
    Underallowance Rp 600,000
    Installment Sales Rp 30,000,000

    Value of Merchandise Rp 1,600,000 Nilai Tukar < MI Trade In


    Sales Value Rp 3,000,000 Underallowance
    Recondition Cost Rp 600,000 Rp 600,000
    Gross Profit to be Realized Rp 200,000
    MI Trade In Rp 2,200,000

    Dec-30 Cash Rp 222,700,000


    ICR 2020 Rp 120,000,000
    ICR 2021 Rp 57,000,000
    ICR 2022 Rp 45,700,000

    Adjusting Entries:
    Mencatat HPP dari Installment Sales tahun 2022
    Dec-31 Cost of Installment Sales Rp 77,000,000
    Shipment of Installment Sales Rp 77,000,000

    Mencatat Laba/Rugi yang belum terealisasi dari Installment Sales 2022


    Dec-31 Installment Sales Rp 120,000,000
    Underallowance Rp 600,000
    Cost of Installment Sales Rp 77,000,000
    DGP - 2022 Rp 43,600,000

    Mencatat Laba/Rugi yang sudah bisa direalisasikan dari Installment Sales perusahaan
    Dec-31 DGP - 2020 Rp 18,000,000
    DGP - 2021 Rp 6,840,000
    DGP - 2022 Rp 27,076,350 Note: %DGP 36.15%
    Realized Gross Profit Rp 51,916,350 Perhitungan: 36.15%

    Closing Entries
    Memindahkan saldo awal persediaan barang dagang
    Dec-31 Income Summary Rp 180,000,000
    Inventory Rp 180,000,000

    Mencatat saldo akhir persediaan barang dagang


    Dec-31 Inventory Rp 57,000,000
    Income Summary Rp 57,000,000

    Menutup saldo akun-akun nominal


    Dec-31 Sales Revenue Rp 90,000,000
    Shipment of Installment Sales Rp 77,000,000
    Realized Gross Profit Rp 51,916,350
    Income Summary Rp 179,336,350
    Purchases Rp 38,500,000
    Sales Discount Rp 1,080,000

    Mencatat untung/rugi dari perusahaan


    Dec-31 Income Summary Rp 56,336,350
    Retained Earnings Rp 56,336,350

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