INTERMEDIATE FINANCIAL ACCOUNTING 1A

INTERMEDIATE FINANCIAL ACCOUNTING 1A

Agglomerate name : - Amal kuriawan (20207091)
- Aris widodo (20207168)
- Eko hadi P (20207388)
- Julkifli (20207617)
- Riki wibowo (20207936)


1. Case 6 8 (eko / 20207388)

Jonathan mitchell is an accountant for matna service company, due to mammoth investment on lottery sell,jonathan gets cash deficit and deciding for “ borrows ” fund from matna. Jonathan accepts and mendepositkan is cash invoice, noting written cheque on cashes paying journal, and merekonsiliasikannya on bank account. What is type blackout gets to be detected by account reconciliation crosses a cheque that more correct? Word you answer?

Answer: Yes, since meseemsing after reconciliation is performed therefore will show balance that really,after been done balance reconciliation terminological bank and also balance reporting terminological akn's firm reporting with its amount, and if a process that mengidentifikasikan the difference among cash balance on binds books depositor and balance that is reported on bank reporting, therefore reconciliation give needed information to adjust book balance on totals cash that really.
If didepositokan's cash invoice and payment other than petty cash made by more cheque account correct, bank reporting from its transactions with depositor can compare with cash note as it were is reported on depositor book, therefore bank balance with balance that is reported will get than.

2. Case 6 9 (aris / 20207168)

Assume you are bursar for fullmer products Inc. and one of you accountability is subject to be ensure that firm can ever do cash discount on buy. Firm requires $ 150.000 deep one weeks to take advantage from riskon smooth cashes. Bank clerk ask for collateral that is equal to for loan for the price $ 150.000. to reason that medley, you factory asset not available as collateral, but your account receivable well worth $ 205.000. Alternative what you yangakan regards to get from needful cash?
Answer: According to I to get needful cash which is by memberlakukan or keeps faith business receimble as surety (pledging), asinyasi (assignment), and sells it (factoring). Its example, which is make business receimble as surety to bank.
If in factoring, credit and billing risk is flooded to credit buyer (factor) so irresponsible firm again to mark sense disadvantages credit and billing cost. To protect factor to pretty much marks sense retur and sell priority, factor can bate one part of price buys credit until with its indentured finish factoring. But, if credit was made by surety therefore doesn't evoke special accounting problem. Credit that is vouched in not necessarily disendirikan, just just in its representation on balance shall be revealed.


3. Case 6 11 (Riki wibowo / 20207936)

Clasify each item that recorded hereunder as: a. b.Piutang's business receimble documentary bill, c. Trade credit, d. Credit non commerce, or e.Lain any other (item's authenticity indication that). Since classification that is done doesn't get character mutually negates, more than one classification at conducive also indication if item that will be reported in the normal manner as smooth aktifa with mengasumsi cycle hads out 6 monthly.
1. Master Card's charge plate sell or Visa on customer.
2. Payment to dealer for stockpiling which is bought on account.
3. Insurance claim on accident.
4. Sell charges for subscription.
5. Bonus to sell manager.
6. Flower from documentary bill up to 5 years from director firm, flower is paid yearly.
7. Treasured acceptance 3 years from earth sell those are kept as investment.
8. Treasured acceptance 6 monthly for groggy so long katan akun from persedian's sell.
9. Claim for seeking taxes last year.
10. Insurance is paid in advance 4 monthly retained deep policy periods.
11. Payment by customer to a piuang commerce.

Answer: -Classification :

1. Credit others( smooth aktifa)
2. Business receimble( smooth aktifa)
3. Credit non commerce( be not been attached at aktifa easy-going)
4. Trade credit( be not been attached at aktifa easy-going)
5. Credit non commerce( be not been attached at aktifa easy-going)
6. Treasured credit
7. Treasured credit
8. Treasured credit
9. Credit others( smooth aktifa)
10. Credit non commerce( excluding)
11. Business receimble( smooth aktifa)

4. Case 6 12 (amal / 20207091)

This following information taken from by first year operational Jumbo Company who will be utilized deep accuration examination on business receimble, on the fifteenth 31st December 1999 balance point as big as $ 36,000.

a. Collecting from customer $ 72,000
b. Goodses final stockpiling $ 98,000
c. Goodses final stockpiling $ 23,500
d. Goods is sold 5 % at at the expense
e. All sell on account
Account balance who shall show business receimble and amount determinative comes up short or its excess.

Answer:

Early stockpiling 98. 000
Final stockpiling ( 23. 500)
Hpp 74. 500

Hj = 105 % x Hpp
= 105 % x 74.500
= 78225
Hj = 78225
Billing =( 72. 000)
A. / R = 6. 225 ( Excess)

5. Case 6 15 (Julkifli / 20207617)

Business receimble from drummond manufacturing Co. On the fifteenth 31 Desenber 1999 have points $ 300,000. Disadvantaged charges reserve credit has to assess debit as big as $ 4,200. Sell at year 1996 for the price $ 1,690,000 lessened sell discount as big as $ 14,000. For journal for charges disadvantages credit which at estimation with each following Independent assumption this:
1. 1,5 from 1% tahun1996's net saleses pretty much doesn't be charged.
2. 3% akun circulating credit questionable.
3. a time schedule shows for the price $ 11,000 from circulating credit questionable.

Answer:

Sell 1.690. 000
discount ( 14. 000)
Net sales 1.676. 000

Credits disadvantaged estimate: 1% x 1,5 x 1.676.000 = 25.140

31 / Des / 1996

Disadvantages credit 25. 140

CKP 25. 140

Reporting at balance: Business receimble = 300. 000
CKP = ( 29. 340)
Netto is dag's credit = 270. 660

3% x 300.000 = 9. 000
CKP = 4.200
13. 200

31 / Des / 1996

Disadvantages credit 13. 200

CKP 13. 200


Reporting at balance: Business receimble = 300. 000
CKP = ( 13. 200)
286. 800
Questionable credit: 300. 000 – 11.000 = 289.000

31 / Des / 1996

Disadvantages credit 289. 000

CKP 289. 000

Reporting at balance: Business receimble = 300. 000
CKP = (293. 200)
6. 800