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NAMA : MUTMAINNAH
NIM : 21/486941/PEK/27925
KELAS : MATRIKULASI (A)
Bagian E7.8
Mar. 1 Petty Cash € 100
Cash € 100
(To establish petty cash fund)
15 Stamp Inventory € 39
Freight Out 21
Miscellaneous Expense 11
Travel Expense 24
Cash Over and Short 3
Cash € 98
(To replenish petty cash fund)
20 Petty Cash € 75
Cash € 75
(To increase the size of the fund to €175 )
Bagian P7.6
a. Bank reconciliation
TIMMINS GROW-FAST
BANK RECONCILIATION
May 31, 2020
Cash balance per bank statement £ 6,968.00
Add: Deposits in transit 1,880.15
Error in recording check 360.00
£ 9,208.15
Less: Outstanding checks 276.25
Adjusted cash balance per bank £ 8,931.90
Cash balance per books £ 6,738.90
Add: Electronic funds transfer received 2,690.00
£ 9,428.90
Less: NSF check £ 380.00
Bank Service Charge 40.00
Error in recording cash sales 50.00
Error in recording check No. 1181 27.00 497.00
Adjusted cash balance per books £ 8,931.90
b. Adjusting entries for Timmins at May 31, 2020
May. 31 Cash £ 2690
Accounts Receivable £ 2690
(To record receipt of electronic funds transfer)
31 Accounts Receivable £ 380
Cash £ 380
(To record NSF check)
31 Bank Charge Expense £ 40
Cash £ 40
(To record bank service charge £40 )
31 Accounts Payable £ 50
Cash £ 50
(To correct error in recording cash sales )
31 Accounts Payable £ 27
Cash £ 27
(To correct error in recording check No. 1181)
Bagian P8.3
a. Adjusting entry for €26610 (€38610 - €12000)
Dec. 31 Bad debt expense € 26610
Allowance for Doubtful Accounts € 26610
(To adjust allowance account to total estimated
uncollectibles)
Bad Debt Expense
Dec. 31 Adj. 26610
Allowance for Doubtful Accounts
Dec. 31 Unadj.
Bal. 12000
Dec. 31 Adj. 26610
Dec. 31 Bal. 38610
b. Adjusting entries
Mar. 31 Allowance for Doubtful Accounts € 1000
Accounts Receivable € 1000
(Write-off an uncollectible account)
May. 31 Accounts Receivable € 1000
Allowance for Doubtful Accounts € 1000
(To reverse write-off an uncollectible account)
May. 31 Cash € 1000
Accounts Receivable € 1000
(To record collection from the customer whose
account was written off as uncollectible on
March 31)

Allowance for Doubtful Accounts
Mar. 31 1000
Accounts Receivable
Jan. 31 Bal. 1000 Mar. 31 1000
Mar. 1 Bal 0

Allowance for Doubtful Accounts
Mar. 31 1000
May. 31 1 000
May. 31 Bal 0
Accounts Receivable
Jan. 31 Bal. 1000 Mar. 31 1000
Mar. 31 Bal 0
May. 31 1 000 May. 31 1 000
May. 31 Bal 0
Cash
May. 31 1000
c. Adjusting entry for €32400 (€31600 + €800)
Dec. 31 Bad debt expense € 32400
Allowance for Doubtful Accounts € 32400
(To adjust allowance account to total estimated
uncollectibles)

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tugas sesi 4.docx

  • 1. NAMA : MUTMAINNAH NIM : 21/486941/PEK/27925 KELAS : MATRIKULASI (A) Bagian E7.8 Mar. 1 Petty Cash € 100 Cash € 100 (To establish petty cash fund) 15 Stamp Inventory € 39 Freight Out 21 Miscellaneous Expense 11 Travel Expense 24 Cash Over and Short 3 Cash € 98 (To replenish petty cash fund) 20 Petty Cash € 75 Cash € 75 (To increase the size of the fund to €175 ) Bagian P7.6 a. Bank reconciliation TIMMINS GROW-FAST BANK RECONCILIATION May 31, 2020 Cash balance per bank statement £ 6,968.00 Add: Deposits in transit 1,880.15 Error in recording check 360.00 £ 9,208.15 Less: Outstanding checks 276.25 Adjusted cash balance per bank £ 8,931.90 Cash balance per books £ 6,738.90 Add: Electronic funds transfer received 2,690.00 £ 9,428.90 Less: NSF check £ 380.00 Bank Service Charge 40.00 Error in recording cash sales 50.00 Error in recording check No. 1181 27.00 497.00 Adjusted cash balance per books £ 8,931.90
  • 2. b. Adjusting entries for Timmins at May 31, 2020 May. 31 Cash £ 2690 Accounts Receivable £ 2690 (To record receipt of electronic funds transfer) 31 Accounts Receivable £ 380 Cash £ 380 (To record NSF check) 31 Bank Charge Expense £ 40 Cash £ 40 (To record bank service charge £40 ) 31 Accounts Payable £ 50 Cash £ 50 (To correct error in recording cash sales ) 31 Accounts Payable £ 27 Cash £ 27 (To correct error in recording check No. 1181) Bagian P8.3 a. Adjusting entry for €26610 (€38610 - €12000) Dec. 31 Bad debt expense € 26610 Allowance for Doubtful Accounts € 26610 (To adjust allowance account to total estimated uncollectibles) Bad Debt Expense Dec. 31 Adj. 26610 Allowance for Doubtful Accounts Dec. 31 Unadj. Bal. 12000 Dec. 31 Adj. 26610 Dec. 31 Bal. 38610 b. Adjusting entries Mar. 31 Allowance for Doubtful Accounts € 1000 Accounts Receivable € 1000 (Write-off an uncollectible account) May. 31 Accounts Receivable € 1000 Allowance for Doubtful Accounts € 1000 (To reverse write-off an uncollectible account) May. 31 Cash € 1000 Accounts Receivable € 1000 (To record collection from the customer whose account was written off as uncollectible on March 31)
  • 3.  Allowance for Doubtful Accounts Mar. 31 1000 Accounts Receivable Jan. 31 Bal. 1000 Mar. 31 1000 Mar. 1 Bal 0  Allowance for Doubtful Accounts Mar. 31 1000 May. 31 1 000 May. 31 Bal 0 Accounts Receivable Jan. 31 Bal. 1000 Mar. 31 1000 Mar. 31 Bal 0 May. 31 1 000 May. 31 1 000 May. 31 Bal 0 Cash May. 31 1000 c. Adjusting entry for €32400 (€31600 + €800) Dec. 31 Bad debt expense € 32400 Allowance for Doubtful Accounts € 32400 (To adjust allowance account to total estimated uncollectibles)