Tugas 4 - SIAK Seany Sukmawati - 1106154034

E5-21 The trial balance columns of the worksheet for Barbosa Company at June 30, 2014,
are as follows.
Barbosa Company
Worksheet
For the Month Ended June 30, 2014
Trial Balance
Account Titles Debit Credit
Cash R$ 2,120
Accounts Receivable 2,440
Inventory 11,640
Accounts Payable R$ 1,120
Share Capital---Ordinary 4,000
Sales Revenue 42,500
Cost of Goods Sold 20,560
Operating Expenses 10,860
R$ 47,620 R$ 47,620

Other data:
Operating expenses incurred on account, but not yet recorded, total R$1,500.
I nstructions
Enter the trial balance on a worksheet and complete the worksheet.


Barbosa Company
Worksheet
For the Month Ended June 30, 2014
Trial Balance Adjustments Adjusted
Trial Balance
Income
Statement
Statement of
Financial Position
Account Titles Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr.
Cash 2,120 2,120 2,120
Accounts Receivable 2,440 2,440 2,440
Inventory 11,640 11,640 11,640
Accounts Payable 1,120 1,500 2,620 2,620
Share CapitalOrdinary 4,000 4,000 4,000
Sales Revenue 42,500 42,500 42,500
Cost of Goods Sold 20,560 20,560 20,560
Operation Expenses 10,860 1,500 12,360 12,360
Totals 47,620 47,620 1,500 1,500 49,120 49,120 32,920 42,500 16,200 6,620

Net Income 9,580 9,580
42,500 42,500 16,200 16,200



Tugas 4 - SIAK Seany Sukmawati - 1106154034
P5-7B At the beginning of the current season on April 1, the ledger of Oosthuizen Pro Shop
showed Cash 3,000; Inventory 4,000; and Share Capital---Ordinary 7,000. The following
transactions occured during April 2014.
Apr. 5 Purchased golf bags, clubs, and balls on account from Balata Co. 1,300, FOB
shipping point, terms 2/10,n/60.
7 Paid freight on Balata Co. purchases 70.
9 Received credit from Balata Co. for merchandise returned 100.
10 Sold merchandise on account to members 670, terms n/30.
12 Purchased golf shoes, sweaters, and other accessories on account from Arrow
Sportswear 450, terms 1/10, n/30.
14 Paid Balata Co.in full.
17 Received credit from Arrow Sportswear for merchandise returned 50.
20 Made sales on account to members 600, terms n/30.
21 Paid Arrow Sportswear in full.
27 Granted credit to members for clothing that had flaws 55.
30 Received payments on account from members 630.
The chart of accounts for the pro shop includes Cash, Accounts Receivable, Inventory,
Accounts Payable, Share Capital---Ordinary, Sales Revenue, Sales Returns and Allowances,
Purchases, Purchase Returns and Allowances, Purchase Discounts, and Freight-In.
I nstructions
(a) Journalize the April transactions using a periodic inventory system.
(b) Using T-accounts, enter the beginning balances in the ledger accounts and post the April
transactions.
(c) Prepare a trial balance on April 30, 2014.
(d) Prepare an income statement through gross profit, assuming merchandise inventory on
hand at April 30 is 4,824


Tugas 4 - SIAK Seany Sukmawati - 1106154034
(a) Journal
Date Account Title & Explanation Ref Debit Credit
2014 Periodic Inventory System
Apr. 5 Purchases 1,300
Accounts Payable 1,300
(To record goods purchased)
Apr. 7 Freight-In 70
Cash 70
(To record payment of freight)
Apr. 9 Accounts Payable 100
Purchase Returns and Allowances 100
(To record return of goods purchased)
Apr. 10 Accounts Receivable 670
Sales Revenue 670
(To record sold merchandise)
Apr. 12 Purchases 450
Accounts Payable 450
(To record goods purchased)
Apr. 14 Accounts Payable 1,200
Cash 1,176
Purchase Discounts 24
(To record payment within the
discount period)

Apr. 17 Accounts Payable 50
Purchase Returns and Allowances 50
(To record return of goods purchased)
Apr. 20 Accounts Receivable 600
Sales Revenue 600
(To record credit sales to members)
Apr. 21 Accounts Payable 400
Cash 396
Purchase Discounts 4
(To record payment within the
discount period)

Apr. 27 Sales Returns and Allowances 55
Accounts Receivable 55
(To record credit granted)
Apr. 30 Cash 630
Accounts Receivable 630
(To record received payments)


Tugas 4 - SIAK Seany Sukmawati - 1106154034
(b) Ledger
Cash
3,000



630

70
1,176
396

Accounts Receivable
670
600


55
630

Inventory
4,000




Accounts Payable

100

50
1,200
400
1,300

450

Share Capital---
Ordinary
7,000

Sales Revenue
670
600




Sales Returns and
Allowances
55

Purchases
1,300
450


Purchase Returns
and Allowances
100
50

Purchase Discounts
24
4

Freight-In
70

(c) Trial balance


OOSTHUIZEN PRO SHOP
Trial Balance
April 30, 2014

Debit Credit
Cash 1,988
Accounts Receivable 585
Inventory 4,000
Share Capital--Ordinary 7,000
Sales Revenue 1,270
Sales Returns and Allowances 55
Purchases 1,750
Purchase Returns and Allowances 150
Purchase Discounts 28
Freight-In 70

8,448

8,448



Tugas 4 - SIAK Seany Sukmawati - 1106154034
(d) Income Statement



OOSTHUIZEN PRO SHOP
Cost of Goods Sold
For the Month Ended April 30, 2014


Cost of goods sold


Inventory, April 1 4,000
Purchases 1,750
Less: Purchase returns and allowances 150
Purchase discounts 28 178
Net purchases 1,572
Add: Freight-in 70
Cost of goods purchased 1,642
Cost of goods available for sale 5,642
Less: Inventory, April 31 4,824
Cost of goods sold 818




OOSTHUIZEN PRO SHOP
Income Statement
For the Month Ended April 30, 2014

Sales Revenue
1,270
Less: Sales Returns and Allowances 55
Net Sales 1,215
Cost of Goods Sold 818
Gross Profit 397