Tugas Kelompok ke-1

(Minggu 1 / Sesi 4)

Nama & Nim :

1. Ayu Shiva Miensari – 2101707733
2. Afriani - 2101722624
3. Bayu Tri Wicaksono – 2101720493
4. Juvenia – 2101707232
5. Maharani efradita – 2102722744
6. Novita Soenaryo - 2101725273

1. Transactions
1) Issued ordinary shares in exchange for $20,000 cash on June 1.
2) Purchased laundry equipment for $5,000 paying $3,000 in cash and the remainder due in 30 days.
3) Purchased laundry supplies for $1,200 cash.
4) Received a bill from College News for $300 for advertising in the campus newspaper.
5) Cash receipts from customers for cleaning and laundry amounted to $1,500.
6) Paid salaries of $200 to student workers.
7) Billed the Lion Soccer Team $200 for cleaning and laundry services.
8) Paid $300 to College News for advertising that was previously billed in Transaction 4.
9) Paid dividends of $700.
10) Incurred utility expenses for month on account, $150.

Answer :
Assets
Account
Transaction Cash Receivable Supplies Equipment
Issued Ordinary Shares For
Cash $ 20,000
Laundry Equipment $ (3,000) $ 5,000
Laundry Supplies $ (1,200) $ 1,200
Received a Bill
Cash Receipts From Custome $ 1,500
Salaries Exp $ (200)
Services Revenue $ 200
Advertising Expense $ (300)
Dividends $ (700)
Utility Expense $ (150)
Total $ 15,950 $ 200 $ 1,200 $ 5,000
$ 22,350

2. Prepare an income statement, a retained earnings statement,

and a statement of financial position for the advertising company Jacky Co., from the items listed below for
Retained earnings, September ¥ 12,000
1
Share capital-ordinary ¥ 30,000
Accounts payable ¥ 7,000
Equipment ¥ 27,000
Service revenue ¥ 24,000
Dividends ¥ 6,000
Supplies expense ¥ 3,500
Cash ¥ 8,000
Utilities expense ¥ 700
Supplies ¥ 2,800
Salaries and wages expense ¥ 9,000
Accounts receivable ¥ 14,000
Rent expense ¥ 2,000

Answer :
Advertising Company Jacky Co
Income Statement
Month Of September

Revenues
Service Revenue -------------------------------------------------------
Expenses
Supplies Expenses ----------------------------------------- ¥ 3,500
Utilities Expenses ----------------------------------------- ¥ 700
Sal & Wag Exp ----------------------------------------- ¥ 9,000
Rent Expense ----------------------------------------- ¥ 2,000
TOTAL Expenses -----------------------------------------------------------
Net Income ----------------------------------------------------------------------------

Advertising Company Jacky Co

Retained Earnings Statement
Month Of September

Retained Earning, September 1 -----------------------------------------------------------------

add : Net Income -------------------------------------------------------------------------------

Less : Dividends --------------------------------------------------------------------------------

Retained Earnings , September 30 --------------------------------------------------------------

Advertising Company Jacky Co

Statement of Financial Position
Month Of September
 ASSETS
Equipment ----------------------------------------------------------------------------
Supplies ----------------------------------------------------------------------------
Account Receivable ----------------------------------------------------------------------------
Cash ----------------------------------------------------------------------------
Total Assets ----------------------------------------------------------------------------

Liabilities and Equity

Equity
Share Capital - ordinary ------------------------------------- ¥ 30,000
Retained Earnings -------------------------------------------- ¥ 14,800

Liabilites
Account Payable -------------------------------------------------------
TOTAL Equity and Liabilities ----------------------------------------------

3. Journalize the following business transactions in general journal form. Identify each transaction by num

1. The company issues ordinary shares in exchange for ₤25,000 cash.

2. Purchased ₤400 of supplies on credit.
3. Purchased equipment for ₤10,000, paying ₤3,000 in cash and signed a 30-day, ₤7,000, note payable.
4. Real estate commissions billed to clients amount to ₤4,000.
5. Paid ₤700 in cash for the current month's rent.
6. Paid ₤200 cash on account for supplies purchased in transaction 2.
7. Received a bill for ₤600 for advertising for the current month.
8. Paid ₤2,200 cash for salaries.
9. The company paid dividends of ₤1,200.
10. Received a check for ₤3,000 from a client in payment on account for commissions billed in transaction 4

Answer:

GENERAL JOURNAL

Account Tottles and

Ref. Debit Credit
Explanation
Cash £ 25,000
Share Capital-Ordinary £ 25,000
Supplies £ 400
Account Payable £ 400
Equipment £ 10,000
Cash £ 3,000
Notes Payable £ 7,000
Account Receivable £ 4,000
 Service Revenue £ 4,000
Rent Expense £ 700
Cash £ 700
Account Payable £ 200
Cash £ 200
Advertising Expense £ 600
Account Payable £ 600
Salaries Expense £ 2,200
Cash £ 2,200
Dividens £ 1,200
Cash £ 1,200
Cash £ 3,000
Account Receivable £ 3,000
£ 47,300 £ 47,300

4. The transactions of Michael Information Service are recorded in the general journal below.
You are to post the journal entries to the accounts in the general ledger. After all entries have been posted, you are to pre

ANSWER :
MICHAEL INFORMATION S
GENERAL LEDGER
SEPTEMBER 2014

Cash
DATE DESCRIPTION REF DEBIT KREDIT
1-Sep J1 35,000
4-Sep J1 10,000
8-Sep J1 1,000
15-Sep J1 400
18-Sep J1 2,500
20-Sep J1 500
30-Sep J1 1,800

Account Receivable
DATE DESCRIPTION REF DEBIT KREDIT
30-Sep J1 2,000

Prepaid Insurance
DATE DESCRIPTION REFF DEBIT KREDIT

15-Sep J1 400

Equipment
DATE DESCRIPTION REFF DEBIT KREDIT
 4-Sep J1 30,000

Account Payable
DATE DESCRIPTION REFF DEBIT CREDIT

25-Sep J1 600

Michael Information Service

Trial Balance
September 31, 2014

DESCRIPTION DEBIT CREDIT

Cash 23,800
Account Receivable 2,000
Prepaid Insurance 400
Equipment 30,000
Account Payable 600
Notes Payable 20,000
Share capital - ordinary 35,000
Devidends 1,800
Service revenue 4,500
Salaries and wages expense 500
Rent expense 1,000
Utility Expense 600

TOTAL 60,100 60,100

5. The trial balance of Drysdale Company shown below does not balance.
DALE COMPANY
Trial Balance
June 30, 2014
———————————————————————————————————————————
Debit Credit
Cash £2,600
Accounts Receivable £7,600
Supplies £600
Equipment £8,300
Accounts Payable £9,766
Share Capital-Ordinary £1,952
Dividends £1,500
Service Revenue £15,200
Salaries and Wages Expense £3,800
Maintenance and Repairs Expense £1,600
Totals £26,000 £26,918

An examination of the ledger and journal reveals the following errors:

1. Each of the above listed accounts has a normal balance per the general ledger.
2. Cash of ₤170 received from a customer on account was debited to Cash ₤710 and credited to Accounts Receiva
3. A dividend of ₤300 was posted as a credit to Dividends, ₤300 and credit to Cash ₤300.
4. A debit of ₤120 was not posted to Salaries and Wages Expense.
5. The purchase of equipment on account for ₤700 was recorded as a debit to Maintenance and Repairs Expense a
6. Services were performed on account for a customer, ₤310, for which Accounts Receivable was debited ₤310 an
7. A payment on account for ₤225 was credited to Cash for ₤225 and credited to Accounts Payable for ₤252.
Instructions
Prepare a correct trial balance.

ANSWER :

Drysdale Company
Trial Balance
30-Jun-14

EXPLANATION Debit Credit

Cash £2,060
Accounts Receivable £8,140
Supplies £600
Equipment £9,000
Accounts Payable £9,289
Share Capital-Ordinary £1,952
Dividends £2,100
Service Revenue £15,479
Salaries and Wages Expense £3,920
Maintenance and Repairs Expense £900
Totals 26,720 26,720
e in 30 days.

Liabilities Equity
Account Share Retained Earnings
Payable Capital Revenue Expense Dividends

$ 20,000
$ 2,000

$ 300 $ (300)
$ 1,500
$ (200)
$ 200
$ (300)
$ (700)
$ (150)
$ 2,000 $ 20,000 $ 1,700 $ -650 $ -700
$ 22,350

items listed below for the month of September.

¥ 24,000

¥ 15,200
¥ 8,800

¥ 12,000
¥ 8,800
¥ 20,800
¥ 6,000
¥ 14,800
 ¥ 27,000
¥ 2,800
¥ 14,000
¥ 8,000
¥ 51,800

¥ 44,800

¥ 7,000
¥ 51,800

ch transaction by number. You may omit explanations of the transactions.

7,000, note payable.

s billed in transaction 4.
nal below.
en posted, you are to prepare a trial balance on the form provided.

AEL INFORMATION SERVICE

GENERAL LEDGER
SEPTEMBER 2014

NO. 111 Notes Payable

BALANCE DATE DESCRIPTION REFF DEBIT KREDIT
35,000
25,000 4-Sep J1 20,000
24,000
23,600 Share capital - ordinary
26,100 DATE DESCRIPTION REFF DEBIT CREDIT
25,600
23,800 1-Sep J1 35,000

NO. 112 Dividends

BALANCE DATE DESCRIPTION REFF DEBIT CREDIT
2,000
30-Sep J1 1,800

NO. 113 Service revenue

BALANCE DATE DESCRIPTION REFF DEBIT CREDIT
18-Sep J1 2,500
400 30-Sep J1 2,000

NO. 121 Salaries and wages expense

BALANCE DATE DESCRIPTION REFF DEBIT CREDIT
 30,000 20-Sep J1 500

No. 200 Rent expense

BALANCE DATE DESCRIPTION REFF DEBIT CREDIT

600 8-Sep J1 1,000

Utility Expense
DATE DESCRIPTION REFF DEBIT CREDIT

25-Sep J1 600
ed to Accounts Receivable ₤710.

and Repairs Expense and a credit to Accounts Payable for ₤700.

le was debited ₤310 and Service Revenue was credited ₤31.
Payable for ₤252.
 NO. 210

BALANCE

20,000

No. 300
BALANCE

35,000

No. 311
BALANCE

1,800

No. 400
BALANCE
2,500
4,500

No. 511
BALANCE
 500

No. 512
BALANCE

1,000

No. 513
BALANCE

600