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  • Uts AKM III

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    Sekar Wulan Oktavia
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    1. The document contains accounting journal entries for various transactions including: sales revenue, cost of goods sold, unearned revenue, inventory, and investments. 2. For investments, it includes entries for debt investments where cash is received and interest revenue is recognized. It also includes entries for equity investments where cash is received from dividends and fair value adjustments are recorded. 3. The document appears to be practice problems or examples for an accounting class, as it includes multiple unrelated journal entries without additional context about the companies or time periods involved.

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    Advanced Accounting

    Original Title

    uts AKM III

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    1. The document contains accounting journal entries for various transactions including: sales revenue, cost of goods sold, unearned revenue, inventory, and investments. 2. For investments, it includes entries for debt investments where cash is received and interest revenue is recognized. It also includes entries for equity investments where cash is received from dividends and fair value adjustments are recorded. 3. The document appears to be practice problems or examples for an accounting class, as it includes multiple unrelated journal entries without additional context about the companies or time periods involved.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    24 views2 pages

    Uts AKM III

    Uploaded by

    Sekar Wulan Oktavia
    1. The document contains accounting journal entries for various transactions including: sales revenue, cost of goods sold, unearned revenue, inventory, and investments. 2. For investments, it includes entries for debt investments where cash is received and interest revenue is recognized. It also includes entries for equity investments where cash is received from dividends and fair value adjustments are recorded. 3. The document appears to be practice problems or examples for an accounting class, as it includes multiple unrelated journal entries without additional context about the companies or time periods involved.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    of 2

    Nama : Sekar Wulan Oktavia

    NIM : F0320114
    Kelas : B
    UTS AKM III
    1. a. June 1, 2019

    Accounts Receivable 70,000


    Sales Revenue 70,000

    Cost of Goods Sold 40,000


    Inventory ($400 X 100) 40,000

    June 1, 2019

    Accounts Receivable 70,000


    Allowance for Sales Returns and
    Allowances (4% X $70,000) 2,800
    Sales Revenue 67,200

    Cost of Goods Sold 38,400

    Estimated Inventory Returns

    (4% X $40,000) 1,600

    Inventory ($400 X 100) 40,000

    b. 1.) May 1, 2019

    Cash [20% X (300 X $1,800)] 108,000

    Unearned Sales Revenue 108,000

    2.) August 1, 2019

                          

    Cash 432,000 

    Unearned Sales Revenue 108,000

    Sales Revenue ($1,800 X 300) 540,000

    Cost of Goods Sold 280,500

    Inventory [300 X ($260 + $275 + $400)] 280,500

    c. May 1, 2019
    Cash (20% X $540,000) 108,000

    Unearned Sales Revenue 108,000

    July 1, 2019

    Cash ($594,000 – $108,000) 486,000

    Unearned Sales Revenue 108,000

    Sales Revenue 594,000

    Cost of Goods Sold 280,500

    Inventory [300 X ($400 + $275 + $260)] 280,500

    1.) February 1, 2019

    Cash (10% X 400 X $1,800) 72,000

    Unearned Sales Revenue 72,000


    2.) April 1, 2019 

    Accounts Receivable ($720,000 – $72,000) 648,000

    Unearned Sales Revenue 72,000

    Sales Revenue 720,000

    Cost of Goods Sold 374,000

    Inventory [400 X ($400 + $275 + $260)] 374,000

    2. a. Debt Investments $50,000


    Cash $50,000
    b. Cash $2,000
    Interest Revenue $2,000
    c. Unrealized Holding Loss – Income $2,600
    Fair Value Adjustment $2,600
    3. a. Equity Investments (Trading) $13,200
    Cash $13,200

    b. Cash $1,300

    Dividend Revenue $1,300

    c. Fair Value Adjustment (Trading) $600

    Unrealized Holding Gain or Loss-Income $600

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