Akuntansi Hospitalis

Nama : Meisya Maulidia

NIM : 2008396
Kelas : 7A – PAK

Tugas 5 (Peretemuan 7)
12-1 On June 1, Padillio Pasta borrows $80,000 from First Bank on a six-month, $80,000, 12
percent note.
Instructions
a) Prepare the entry on June 1.
b) Prepare the adjusting entry on June 30.
c) Prepare the entry at maturity (December 1), assuming monthly adjusting entries have
been made through November 30.
d) What was the total financing cost (interest expense)?
Answer
a) June 01 Cash $80,000
Notes Payable $80,000

b) June 30 Interest Expense $800

Interest Payable $800

c) Dec 01 Notes Payable $80,000

Interest Payable $4,800
Cash $84,800

d) Interest Expense = $80,000 x 12% x 6/12

= $4,800
12-2 In providing accounting services to small businesses, you encounter the following
situations pertaining to cash sales:
a) Sue Jackson Company rings up sales and sales taxes separately on its cash register.
On April 10, the register totals are sales $30,000 and sales taxes $2,000.
b) Person Company does not segregate sales and sales taxes. Its register total for April
15 is $28,800, which includes an 8 percent sales tax.
Instructions
Prepare the entry to record the sales transactions and related taxes for each client.
Answer
Sue Jackson Company
a) Apr 10 Cash $32,000
Sales $30,000
Sales Tax Payable $2,000

Person Company
b) Apr 15 Cash $28,800
Sales $26,667
Sales Tax Payable $2,133
12-3 Presented here are two independent situations.
a) On January 6, Bennett Catering sells food and services on account to Jackie, Inc., for
$7,000, terms 2/10, n/30. On January 16, Jackie, Inc., pays the amount due. Prepare
the entries on Bennett’s books to record the sale and related collection.
b) On January 10, Erin Bybee uses her Sheridan Co. credit card to purchase kitchen
supplies from Sheridan Co. for $9,000. On Febuary 10, Bybee is billed for the amount
due of $9,000. On February 12, Bybee pays $6,000 on the balance due. On March 10,
Bybee is billed for the amount due, including interest at 2 percent per month on the
unpaid balance as of February 12. Prepare the entries on Sheridan Co.’s books related
to the transactions that occurred on January 10, February 12, and March 10
Answer
a) Jan 06 Accounts Receivable $7,000
Sales Revenue $7,000

Jan 16 Cash $6,860

Sales Discount $140
Accounts Receivable $7,000

b) Jan 10 Accounts Receivable $9,000

Sales Revenue $9,000

Feb 10 Cash $6,000

Accounts Receivable $6,000

Mar 10 Cash $3,000

Accounts Receivable $3,000

Accounts Receivable $60

Interest Revenue $60