Tugas Akuntan 3 [PDF]

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1. P1-2A



31 August 2017, report of financial position of Donahue Veterinary Clinic Ltd. represents Cash £9,000 , Accounts Receivable £1,700, Supplies £600, Equipment £6,000, Accounts Payable £3,600, Share Capital - Ordinary £13,000, and Retained Earnings £700. During September, the following transactions took place: 1. 2. 3. 4. 5. 6. 7. 8.



Paid £ 2,900 cash for accounts payable. Collected $ 1,300 from accounts receivable. Purchased additional equipment for £ 2,100, paid £ 800 in cash and remaining owed Revenue recognized is £ 7,300, of which £ 2,500 is collected in cash Declare and pay a cash dividend of £ 400. Paid £ 1,700 salary, £ 900 September rent, and £ 200 advertising costs. The utility expenses incurred during the month on the account £ 170. Received £ 10,000 from Capital Bank on 6 month notes payable.



Instructions a) Prepare a table analysis of September transactions beginning with August 31 balances. Column headings should be as follows: Cash + Accounts Receivable + Supplies + Equipment = Notes Payable + Accounts Payable + Share Capital + Retained Profit + Income - Expenses – Dividends ASET LIABILITAS PIUTANG PERLENG PERALAT HUTANG HUTANG KAS USAHA KAPAN AN WESEL USAHA £ 9.000 £ 1.700 £ 600 £ 6.000 £ 3.600 -£ 2.900 -£ 2.900 £ 6.100 £ 1.700 £ 600 £ 6.000 £ 700 £ 1.300 -£ 1.300 £ 7.400 £ 400 £ 600 £ 6.000 £ 700 -£ 800 £ 2.100 £ 1.300 £ 6.600 £ 400 £ 600 £ 8.100 £ 2.000 £ 2.500 £ 4.800 £ 9.100 £ 5.200 £ 600 £ 8.100 £ 2.000 -£ 400 £ 8.700 £ 5.200 £ 600 £ 8.100 £ 2.000 -£ 1.700 -£ 900 -£ 200 £ 5.900 £ 5.200 £ 600 £ 8.100 £ 2.000 £ 170 £ 5.900 £ 5.200 £ 600 £ 8.100 £ 2.170 £ 10.000 £ 10.000 £ 15.900 £ 5.200 £ 600 £ 8.100 £ 10.000 £ 2.170



EKUITAS MODAL LABA PENDAP BEBAN DEVIDEN SAHAM DITAHAN ATAN £ 13.000 £ 700 £ 13.000



£



700



£ 13.000



£



700



£ 13.000



£



700



£ 13.000



£



700



£ 7.300 £ 7.300



£ 13.000



£



700



£ 7.300



-£ -£



£ 13.000



£



700



£ 13.000



£



700



-£ 1.700 -£ 900 -£ 200 £ 7.300 -£ 2.800 -£ -£ 170 £ 7.300 -£ 2.970 -£



£ 13.000



£



700



£ 7.300 -£ 2.970 -£



b) Prepare an income statement for September, a statement of retained income for September, and statement of financial position as of September 30, 2017



400 400



400 400 400



DONAHUE VETERINARY CLINIC INCOME STATEMENT 30-Sep-17 INCOME



7300



RENTAL EXPENSES



900



SALARY EXPENSE



1700



ADVERTISING EXPENSES



200



UTILITY EXPENSES



170



TOTAL LOAD



2970



NET PROFIT



4330



DONAHUE VETERINARY CLINIC STATEMENT OF INCOME HOLD 30-Sep-17 PROFIT HELD 1 SEP



700



NET PROFIT



4330 5030



DIVIDEND



400



PROFIT HELD 30 SEP



4630



DONAHUE VETERINARY CLINIC BALANCE 30-Sep-17 ASSETS



PASIVA



CURRENT ASSET



ACCOUNT PAYABLE



2170



CASH



15900



DEBT NOTES



10000



RECEIVABLES



5200



TOTAL AMOUN OF DEBT



12170



EQUIPMENT



8100



CAPITAL



13000



PROFIT HANDLED



4630



FIXED ASSETS EQUIPMENT



600



TOTAL CAPITAL



17630



TOTAL ASSETS



29800



TOTAL DEBT & CAPITAL



29800



2. P1-3A 1 May 2017, Park Flying School Ltd., h company providing flying lessons, started with a cash investment of W45,000 in business revenue and expenses for May Cash W 4,500 Notes Payable W28,000 Accounts Receivable 7,420 Rent Expense 1,000 Equipment 64,000 Maintenance and Service Revenue 6,800 Repair Expense 400 Advertising Expense 500 Gasoline Expense 2,500 Accounts Payable 1,400 Utility Expense 400 dividends of W 480,000 for a month. Instructions a) Prepare a statement of income and retained earnings and financial position as of May 31. PARK FLYING SCHOOL INCOME STATEMENT 30-May-17 APPROACHES



6800



LOAD REPAIR



400



GASOLINE LOAD



2500



UTILITY EXPENSES



400



RENTAL EXPENSES



1000



ADVERTISING EXPENSES



500



TOTAL LOAD



4800



NET PROFIT



2000



PARK FLYING SCHOOL STATEMENT OF INCOME HOLD 30-May-17 PROFIT HELPED MAY 1 NET PROFIT



2000



DIVIDEND



480



PROFIT HELPED MAY 30



1520



PARK FLYING SCHOOL BALANCE 30-May-17 ASSETS



PASIVA



CURRENT ASSET



ACCOUNT PAYABLE



1400



CASH



4500



DEBT NOTES



28000



RECEIVABLES



7420



TOTAL AMOUN OF DEBT



29400



EQUIPMENT



64000



CAPITAL



45000



PROFIT HANDLED



1520



FIXED ASSETS EQUIPMENT



0



TOTAL CAPITAL



46520



TOTAL ASSETS



75920



TOTAL DEBT & CAPITAL



75920



b) Prepare a statement of income and retained earnings for the month of May with assumptions the following data is not included in the above: (1) W services worth 900,000 have been performed and were invoiced but not collected on May 31, and (2) W1,500,000 petrol costs happens but is not paid for. PARK FLYING SCHOOL



INCOME STATEMENT 30-May-17 REVENUE (6800 + 900)



7700



LOAD REPAIR



400



GASOLINE LOAD ( 2500 + 1500)



4000



UTILITY EXPENSES



400



RENTAL EXPENSES



1000



ADVERTISING EXPENSES



500



TOTAL LOAD



6300



NET PROFIT



1400



PARK FLYING SCHOOL STATEMENT OF INCOME HOLD 30-May-17 PROFIT HELPED MAY 1 NET PROFIT



1400



DIVIDEND



480



PROFIT HELPED MAY 30



920



3. P1-4A Matt Stiner began delivery service, Stiner Deliveries Ltd., on June 1, 2017. The following transactions occurred during the month of June. June 1 Shareholders invest £ 10,000 cash in the business in exchange for common stock. 2 Purchased a used van for delivery for £ 14,000. Matt paid £ 2,000 cash and signed a note payable for the remaining balance. 3 Paid £ 500 for office rent that month. 5 Performed £ 4,800 worth of services on account. 9 Declare and pay £ 300 as cash dividend. 12 Purchased equipment for £ 150 on account.



15 Received cash payment of £ 1,250 for services on 5 June. 17 Purchased petrol for £ 100 on account. 20 Received cash payment of £ 1,500 for services performed. 23 Made cash payment of £ 500 on note payable. 26 Paid £ 250 for utilities. 29 Paid gasoline purchased on account on June 17. 30 Paid £ 1,000 in employee salaries. Instructions a) Show the effect of previous transactions on the accounting using equation the following format Include a margin description for any changes in the Withheld Income account your analysis.



piutang dagang



kas



perlengkapan peralatan



10000 -2000 8000 -500 7500 7500 -300 7200



utang dagang



utang wesel



modal pendapat awal an 10000



beban



deviden



14000 14000



12000 12000



10000



14000



12000



10000



4800 4800



14000



12000



10000



4800 4800



-500



4800



14000



12000



10000



4800



-500



-300 -300



12000



10000



4800



-500



-300



12000



10000



4800



-300



12000



10000



12000 -500 11500



10000



4800 1500 6300



-500 -100 -600 -600



-300



10000



6300



-600 -250 -850



-300



-850 -1000 -1850



-300



150 150



14000



150



14000



3550



150



14000



150 100 250



3550



150



14000



250



3550



150



14000



250



3550



150



14000



11500



10000



6300



3550



150



14000



250 -100 150



11500



10000



6300



3550



150



14000



150



11500



10000



6300



7200 1250 8450



4800 -1250 3550



8450 1500 9950 -500 9450 -250 9200 -100 9100 -1000 8100



150 150



-500 -500



b) Prepare an income statement for the month of June. STINER DELIVERIES LTD



-300



-300



-300



INCOME STATEMENT JUNE 2017 APPROACHES



6300



GASOLINE LOAD



100



UTILITY EXPENSES



250



RENTAL EXPENSES



500



SALARY EXPENSE



1000



TOTAL LOAD



1850



NET PROFIT



4450



DIVIDEND



300



RETAINED EARNING



4150



c) Prepare a statement of financial position as of June 30, 2017 STINER DELIVERIES LTD BALANCE JUNE 2017 ASSETS



PASIVA



CURRENT ASSET



ACCOUNT PAYABLE



150



CASH



8100



DEBT NOTES



11500



RECEIVABLES



3550



TOTAL AMOUN OF DEBT



11650



EQUIPMENT



14000



CAPITAL



10000



PROFIT HANDLED



4150



FIXED ASSETS EQUIPMENT



150



TOTAL CAPITAL



14150



TOTAL ASSETS



25 800



TOTAL DEBT & CAPITAL



25 800



4. P1-2B



Mandy Arnold opens law office, Mandy Arnold, Attorney at Law Ltd., on July 1, 2017. As of July 31, statement of financial position shows Cash £ 4,000, Accounts Receivable £ 1,500, Supplies £ 500, Equipment £ 5,000, Accounts Payable £ 4,200, Shares Capital - Ordinary £ 6,000, and Retained Profit £ 800. During August, the following transactions took place. 1) Collected £ 1,400 of accounts receivable from clients. 2) Paid £ 2,700 cash for debts to be paid. 3) Revenue recognized is £ 7,900 of which £ 3,000 was collected in cash and the balance will be due in September. 4) Purchased additional office equipment for £ 1,000, paying £ 400 on a basis 5) Paid £ 3,000 salary, rent for August £ 900, and £ 350 advertising fee. 6) Declare and pay a cash dividend of £ 450. 7) Received £ 2,000 from Standard Federal Bank; the money was borrowed for 4 months notes payable. 8) Utility costs incurred during the month on an account £ 210. Instructions a) Prepare a tabular analysis of the August transactions beginning with the July 31 balance. Column headings should be as follows: Cash + Accounts Receivable + Supplies + Equipment = Notes Payable + Payable + Share Capital + Retained Profits + Income - Expenses - Dividends.



ASET LIABILITAS EKUITAS PIUTANG PERLENG PERALAT HUTANG HUTANG MODAL LABA PENDAP KAS BEBAN DEVIDEN USAHA KAPAN AN WESEL USAHA SAHAM DITAHAN ATAN 4000 1500 500 5000 4200 6000 800 1400 -1400 5400 100 500 5000 4200 6000 800 -2700 -2700 2700 100 500 5000 1500 6000 800 3000 4900 7900 5700 5000 500 5000 1500 6000 800 7900 -400 1000 600 5300 5000 500 6000 2100 6000 800 7900 -3000 -3000 -900 -900 -350 -350 1050 5000 500 6000 2100 6000 800 7900 -4250 -450 -450 600 5000 500 6000 2100 6000 800 7900 -4250 -450 2000 2000 2600 5000 500 6000 2000 2100 6000 800 7900 -4250 -450 210 -210 2600 5000 500 6000 2000 2310 6000 800 7900 -4460 -450



b)



Prepare an income statement for August, a statement of retained earnings for August, and statement of financial position as of August 31, 2017.



ATTORNEY AT LAW INCOME STATEMENT AUGUST 2017 APPROACHES



7900



SALARY EXPENSE



3000



UTILITY EXPENSES



210



RENTAL EXPENSES



900



ADVERTISING EXPENSES



350



TOTAL LOAD



4460



NET PROFIT



3440



ATTORNEY AT LAW STATEMENT OF INCOME HOLD AUGUST 2017 PROFIT HELD ON AUGUST 1



800



NET PROFIT



3440 4240



DIVIDEND



450



PROFIT ARRESTED 31 AUGUST



3790



ATTORNEY AT LAW BALANCE AUGUST 2017 ASSETS CURRENT ASSET



PASIVA ACCOUNT PAYABLE



2000



CASH



2600



DEBT NOTES



RECEIVABLES



5000



TOTAL DEBT



EQUIPMENT



500



CAPITAL



6000



PROFIT HANDLED



3790



FIXED ASSETS



2310



AMOUN



OF 4310



EQUIPMENT



6000



TOTAL CAPITAL



9790



TOTAL ASSETS



14100



TOTAL DEBT & CAPITAL



14100



5. P1-3B Angelic Cosmetics Co. Ltd., on June 1, 2017, with a cash investment of ¥ 25,000,000. the company's assets and liabilities as of June 30 and revenues and expenses for the month of Juni Cash ¥ 10,000 Notes Payable ¥ 13,000 Accounts Receivable 4,000 Accounts Payable 1,700 Service Revenues 5,500 Rental Expenses 1,800 Inventory 2,000 Gasoline costs 600 Advertising Expense 500 Utilities Expense 400 Supplies 25,000 Dividends 900,000 yen for a month. a) Prepare an income statement , a statement of retained earnings and a statement of financial position by 30 June ANGELIC COSMETICS INCOME STATEMENT JUNE 2017 APPROACHES



5500



GASOLINE LOAD



600



UTILITY EXPENSES



400



RENTAL EXPENSES



1800



ADVERTISING EXPENSES



500



TOTAL LOAD



3300



NET PROFIT



2200



ANGELIC COSMETICS



STATEMENT OF INCOME HOLD JUNE 2017 PROFIT HELD ON JUNE 1



0



NET PROFIT



2200 2200



DIVIDEND



900



PROFIT ARRESTED 30 JUNE



1300



ANGELIC COSMETICS BALANCE JUNE 2017 ASSETS



PASIVA



CURRENT ASSET



ACCOUNT PAYABLE



1700



CASH



10000



DEBT NOTES



13000



RECEIVABLES



4000



TOTAL AMOUN OF DEBT



14700



EQUIPMENT



25000



CAPITAL



25000



PROFIT HANDLED



1300



FIXED ASSETS EQUIPMENT



2000



TOTAL CAPITAL



26300



TOTAL ASSETS



41000



TOTAL DEBT & CAPITAL



41000



b) Prepare an income statement and a statement of retained earnings for the month of June with assumptions the following data is not included in the above: (1) 800,000 yen worth of services have been carried out and billed but not collected by June 30, and (2) 100,000 yen of petrol costs happens but is not paid for. ANGELIC COSMETICS INCOME STATEMENT JUNE 2017 APPROACHES



(5500 + 800)



GASOLINE LOAD



(600 + 100)



6300 700



UTILITY EXPENSES



400



RENTAL EXPENSES



1800



ADVERTISING EXPENSES



500



TOTAL LOAD



3400



NET PROFIT



2900 ANGELIC COSMETICS STATEMENT OF INCOME HOLD JUNE 2017



PROFIT HELD ON JUNE 1



0



NET PROFIT



2900 2900



DIVIDEND



900



PROFIT ARRESTED 30 JUNE



2000



6. P1-4B Jessi Paulis started a consulting company, Paulis Consulting Ltd., on 1 May 2017. The following transactions took place during the month of May. May 1 Paulis invests £ 8,000 cash in the business in exchange for shares. 2 Paid £ 800 for office rent that month. 3 Purchased £ 500 worth of supplies on account. 5 Paid £ 50 to advertise on County News. 9 Received £ 3,000 in cash for services performed. 12 Declare and pay cash dividends of £ 700. 15 May Performed £ 3,300 worth of services on account. 17 Paid £ 2,100 in employee wages. 20 Paid for supplies purchased on account on May 3. 23 Received cash payment of £ 2,000 for services performed on 15 May 26 Borrowed £ 5,000 from bank on note payable. 29 Purchased office equipment for £ 2,300 on account. 30 Paid £ 150 for utilities.



a) Show the effect of previous transactions on the accounting using equation include a description of the margin for each change in your analyzed Withheld Income account.



kas 8000 -800 7200 7200 -50 7150 3000 10150 -700 9450 9450 -2100 7350 -500 6850 2000 8850 5000 13850 13850 13850



asset liabilitas ekuitas piutangperlengkapan peralatanutang dagang utang wesel modal awal pendapatan beban deviden 8000 -800 8000 -800 500 500 500 500 8000 -800 -50 500 500 8000 -850 3000 500 500 8000 3000 -850 -700 500 500 8000 3000 -700 3300 3300 3300 500 500 8000 6300 -700 -2100 3300 500 500 8000 6300 -2950 -700 -500 3300 500 0 8000 6300 -2950 -700 -2000 1300 500 0 8000 6300 -2950 -700 5000 1300 500 5000 8000 6300 -2950 -700 2300 2300 1300 500 2300 2300 5000 8000 6300 -2950 -700 150 -150 1300 500 2300 2450 5000 8000 6300 -3100 -700



b) Prepare an income statement for the month of May. PAULIS CINSULTING INCOME STATEMENT MAY 2017 APPROACHES



6300



SALARY EXPENSE



2100



UTILITY EXPENSES



150



RENTAL EXPENSES



800



ADVERTISING EXPENSES



50



TOTAL LOAD



3100



NET PROFIT



3200



DIVIDEND



700



RETAINED EARNING



2500



c) Prepare a statement of financial position for 31 May 2017. PAULIS CINSULTING BALANCE MAY 2017 ASSETS



PASIVA



CURRENT ASSET



ACCOUNT PAYABLE



2450



CASH



13850



DEBT NOTES



5000



RECEIVABLES



1300



TOTAL AMOUN OF DEBT



7450



EQUIPMENT



500



CAPITAL



8000



PROFIT HANDLED



2500



FIXED ASSETS EQUIPMENT



2300



TOTAL CAPITAL



10500



TOTAL ASSETS



17950



TOTAL DEBT & CAPITAL



17950