Week 1

Prepaid Expense (Asset)

Dibayar Cash, dicatat sebagai aset sebelum digunakan
Dr. Prepaid Expense
! Cr. Cash

Accrued Expense
Expense sudah tercatat namun belum dibayar atau dicatat.
Dr. Expense Or Dr. Expense

Cr. Accrued Expense Cr. Expense payable

Unearned Revenues (Liabilities)
Revenue yang dicatat sebagai liabilities, karena masih ada kewajiban untuk
mendapatkannya.
Dr. Cash
! Cr. Unearned Revenue

Accrued Revenues
Revenue yang didapat, tapi belum dapat uangnya atau dicatat.
Dr. Account Receivable
! Cr. Revenue

Week 2
Revenue Recognition
Dr. Cash or Dr. Account Receivable
! Cr. Sales ! Cr. Sales

Dr. COGS Dr. COGS

! Cr. Inventory ! Cr. Inventory

Sales Return and Allowance

Dr. Sales Returns and Allowances
! Cr. Accounts Receivable

Sales Discounts
Dr. Cash 98%
Dr. Sales Discounts 2%
! Cr. Accounts Receivable 100%

Gift Voucher
Dr. Cash
! Cr. Unearned Revenue

Dr. Unearned Revenue

! Cr. Revenue
Consignment
Nelba has merchandise costing $36,000 and selling at $60,000. On July 4, Nelba ships
the merchandise on consignment, paying $3,750 in freight costs.
July 4
Dr. Inventory on consignment $36,000
! ! Cr. Inventory!! ! ! $36,000

Dr. Inventory on consignment! $3,750

! ! Cr. Cash! ! ! ! ! $3,750

Best Value is able to sell 2/3 of the inventory at $40,000. It is reimbursed $2,250 for
advertising, and paid $4,000 in commission. On Aug 4 Best Value transfers $33,750 cash
to Nelba
Aug 4
Dr. Cash $40,000
! ! Cr. Revenue!$40,000

Dr. COGS! ! $26,500

! ! Cr. Inventory on consignment $26,500!

Dr. Advertising expense $2,250

Dr. Commission expense $4,000
! ! Cr. Cash! ! ! ! $6,250
! !
Week 3
Income Statement
Consist of :

• Sales
• COGS
• Gross Profit
------------------------------------------
• Other Income and Expense
------------------------------------------
• Interest Income
------------------------------------------
• Income Tax
------------------------------------------
• Net Income

Statement of Financial Position

Consist of :

Asset

Liabilities

Statement of Cashflow
Consist of :
Cashflow from activities

Cashflow from investing

Cashflow from financing

Week 4
Inventory
FIFO
Penghitungan inventory berdasarkan harga saat pembelian, dan COGS harga saat
penjualan. Dengan memperhatikan urutan pembelian.
Inventory  W orksheet FIFO
Date Purchased Sold Balance
Units Unit  cost  $ Total  $$ Units Unit  cost  $ Total  $$ Units Unit  cost  $ Total  $$
28-­‐Feb 200 $                400 $      80,000
10-­‐Mar 500 $                  450 500 $                450 $  225,000

15-­‐Mar                              200 $              400 $                80,000

                             300 $              450 $            135,000 200 $                450 $      90,000
20-­‐Mar 400 $                  475 400 $                475 $  190,000
                             200                  450 $                90,000
25-­‐Mar                              200 475 $                95,000 200 $                475 $      95,000
30-­‐Mar 300 $                  500 300 $                500 $  150,000

Ending
28-­‐Feb No  journal  entry COGS $            400,000 inventory $  245,000

10-­‐Mar Dr.  Inventory $            225,000

       Cr.  Cash $            225,000

15-­‐Mar Dr.  Cash $            270,000

     Cr.  Revenue $            270,000

Dr.  COGS $            215,000

     Cr.  Inventory $            215,000

30-­‐Mar Dr.  Inventory $            150,000

       Cr.  Cash $            150,000
 Average
Perhitungan nilai inventory menggunakan average harga inventory.
Inventory  W orksheet Moving  Average
Total   Date Purchased Sold Balance
    Units Unit  cost  $ Total  $$ Units Unit  cost  $ Total  $$ Units Unit  cost  $ Total  $$
80,000   28-­‐Feb 200 $                  400 $                      80,000.00
   
225,000   10-­‐Mar 500 $            450 $              225,000 700 $        435.71 $                  305,000.00
190,000  
150,000   15-­‐Mar $                          500 $        435.71 $            217,857 200 $        435.71 $                      87,142.86
   
270,000   20-­‐Mar 400 $            475 $              190,000 600 $        461.90 $                  277,142.86
228,000  
    25-­‐Mar $                          400 $        461.90 $            184,762                200 $        461.90 $                      92,380.95

30-­‐Mar 300 $            500 $              150,000                500 $        484.76 $                  242,380.95

Please  keep  to  two  decimals  points  to  the  right. Ending
COGS $  402,619.05 inventory $                  242,380.95
Journal  entries
10-­‐Mar Dr.  Inventory $    225,000.00
       Cr.  Cash $  225,000.00

15-­‐Mar Dr.  Cash $    270,000.00

     Cr.  Revenue $  270,000.00

Dr.  COGS $    217,857.14

     Cr.  Inventory $  217,857.14

30-­‐Mar Dr.  Inventory $    150,000.00

       Cr.  Cash $  150,000.00

LCNRV
Dr. Cost of goods sold
! Cr. Allowance to reduce inventory to net realizable value

Finished Desks A B C D
FIFO cost inventory at 12/31/10 $ 470 $ 450 $ 830 $ 960
Est. cost to complete and sell 50 110 260 200
Catalog selling price 500 540 900 1,200

Net realizable value 450 430 640 1,000

Lower-of-cost-or-NRV 450 430 640 960

Week 5
Accounting for Depreciation
• Straight line method
A crane was purchased on September 1, 2010
Cost! ! ! ! $500,000
Estimated useful life! 5 Years
Estimated residual value! $50,000
Depreciation expense per year :
($500,000 - $50,000)/5 Years = $90,000
Depreciation expense for year 2010 :
$90,000 * 4/12 months = $30,000
December 31, 2010 adjusting entry :
Dr. Depreciation expense! ! $30,000
! Cr. Accumulated depreciation! ! $30,000

Sale of Fixed Assets

Exchange of fixed Assets
• Loss Situation
• Gain situation
Revaluation of Fixed Assets
• Revaluation of Land
Dr. Land
! Cr. Unrealized gain on revaluation of land-equity
Intangible Assets