JAWABAN SOAL UAS PENGANTAR AKUNTANSI 2

1. a) Match : A5, B4, C2, D3, E1

b)
White Kayak Company
Bank Reconciliation
30-Sep

Cash Balance per Bank Statement

Add : Deposits in Transit

Less : Outstanding Check $ 4,800

Adjusted Cash Balance per Bank

Cash Balance per Books

Add : Collection of Note Receivable $ 2,600
Plus Interest $ 70
Account Payable Error $ 72

Less : NSF Check $ 340

Printing Charge $ 25

30-Sep Cash $ 2,670

Notes Receivable $ 2,600
Interest Revenue $ 70
(To record collection of the note receivable & interest by the bank)

30 Cash $ 72
Account Payable $ 72
(To correct error in recording check no 148)

30 Account Receivable $ 340

Cash $ 340
(To record NSF Check from customer)

30 Miscellaneous Expense $ 75
Cash $ 75
(To record printing charge)

2. (a)
2016
1-Jun Notes Receivable $10,000.00
Accounts Receivable - A. Foley $10,000.00
1-Nov Accounts Receivable - Patton, Inc $12,000.00
 Sales Revenue $12,000.00
5-Nov Sales Return and Allowances $500.00
Accounts Receivable - Patton, Inc $500.00
9-Nov Cash $11,270.00
Sales Discounts ($11,500 x 0,2) $230.00
Accounts Receivable - Patton, Inc $11,500.00
(b)

a) prepare the adjusting entry to record the estimated uncollectible accounts expense in 2016.
Bad Debts Expense ($7,000+$600) $7,600
Allowance for Doubtful Accounts $7,600
b) Accounts Receivable 130,000
Less: Allowance for Doubtful Accounts 7,000
$123,000
c) Allowance for Doubtful Accounts 1,200
Accounts Receivable 1,200

Before Write-off
Accounts Receivable $ 160,000.00
Less: Allowance for Doubtful Accounts $ 3,000.00
Cash RealizableValue $ 157,000.00
3
a) Invoice Cost $90,000
Freight Cost $1,100
Installation wiring and foundation $2,200
Material and Labor cost in testing $700
ACQUISITION COST $94,000

b) Depretiation
Acquisition Cost-Salvage Value:Usefull Life
$94,000-$5,000:8 years = $11,125
If the straightline method of depresciation was use, the constant presentage uplid to decline book va

c) If the double-declining method of depresciation was use, the constant presentage uplid to decline bo
$94,000x25% = $23,500
$ 6,900
$ 5,850
$ 12,750
$ 4,800
$ 7,950

$ 5,573

$ 2,742
$ 8,315

$ 365
$ 7,950
expense in 2016.

After Write-off
$ 158,800.00
$ 1,800.00
$ 157,000.00

e uplid to decline book value would be 12,5%

entage uplid to decline book value would be 25% (12,5%x2)