ASISTENSI PENGANTAR AKUNTANSI Pertemuan 5 (INVENTORY)

---- Tim Asisten Dosen ----

Problem 1 Perpetual vs Periodic System

CV Salman is owned and operated by Bapak Salman in beginning 2017. CV Salman sells
healthy food for kids (snack sereal and snack biskuit). The following are transaction during
January 2017.
Date Transaction
2 January Bapak Salman invested Rp100.000.000 cash in CV. Salman.
5 January Purchase merchandise (snack sereal) 100 pcs @Rp20.000 from
CV.Indokids for cash.
7 January Purchase merchandise (snack biskuit) from CV.Yummyfod, 200 pcs @
Rp50.000 with payment term 2/10, n/30.
8 January Selling 20 pcs @ Rp50.000 snack sereal to Bapak Helmy for cash.
10 January Return 50 pcs expired merchandise inventory (snack biskuit) to
CV.Yummyfood. (Hint: Refer to transaction 7 January).
13 January Selling 50 pcs snack biskuit @ Rp75.000 to Ibu Ani with term 3/10, n/30.
15 January Paid to CV.Yummyfood related transaction on 7 January.
20 January Receive payment on account from Ibu Ani related transaction on 13
January.

Required: Prepare Journal entry for all transactions by using Periodic and Perpetual
Method! (Buat dalam bentuk berdampingan).

Problem 2 Completing Accounting Cycle

The trial balance of Toms Fashion Center contained the following accounts at
December 31 2017:

Toms Fashion Center

Trial Balance
31-Dec-17
Accounts Debit Credit
Cash 20,700
Accounts Receivable 30,700
Inventory 44,700
Supplies 6,200
Equipment 133,000
Accumulated DepreciationEquipment 28,000
Notes Payable 60,000
Accounts Payable 48,500
Owners Capital 93,000
Owners Drawings 12,000
Sales Revenue 755,200
Sales Returns and Allowances 5,800
Sales Discount 3,000
Cost of Goods Sold 497,400
Salaries and Wages Expense 137,500
Interest revenue 2,500
Advertising Expense 24,400
Utilities Expense 14,000
Maintenance and Repairs Expense 12,100
Freight out 16,700
Rent Expense 24,000
Totals 984,700 984,700

Additional data:
1. Inventory on hand 43.700
2. Interest of 4.800 was accrued on the notes payable at December 31.

Instructions
a) Enter the trial balance on the given worksheet and complete the worksheet
(including the adjusting entries)
b) Prepare a multiple-step income statement, owners equity statement, and
classified balance sheet for the year ended December 31 2017. (Notes
payable of 10.000 are due in January 2018.)
c) Journalize the closing entries
d) Prepare a post-closing trial balance