Chapter 4

Completing the
Accounting Cycle
Accounting, 21st Edition
Warren Reeve Fess

© Copyright 2004 South-Western, a division

PowerPoint Presentation by Douglas Cloud
Professor Emeritus of Accounting
Pepperdine University
of Thomson Learning. All rights reserved.
Task Force Image Gallery clip art included in this
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 77 Langkah
Langkah dasar
dasar
Siklus
Siklus Akuntansi
Akuntansi
1. Transaksi dianalisis dan dicatat dlm jurnal
2. Transaksi diposting ke Ledger
3. Menyusun Trial Balance, Jurnal Penyesuaian dan
melengkapi Worksheet (optional)
4. Memposting Jurnal Penyesuaian ke Ledger
5. Menyusun Laporan Keuangan
6. Membuat Jurnal Penutup/clossing dan diposting
7. Menyusun Post-Clossing Trial Balance
Asset
Asset biasanya
biasanya dibagi
dibagi dalam
dalam 22 Jenis
Jenis yaitu:
yaitu:
Current
Current Assets/Aktiva
Assets/Aktiva Lancar
Lancar dan
dan Fixed
Fixed
Assets/Aktiva
Assets/Aktiva Tetap
Tetap
 That’s
That’s correct.
correct. Cash
Cash andand other
other
assets
assets that
that are
are expected
expected to to be
be
converted
converted into
into cash,
cash, sold,
sold, or
or used
used
up
up usually
usually inin less
less than
than aa year
year are
are
current
current assets.
assets.
 Well…
Well… besides
besides cash,
cash, there’s
there’s
notes
notes receivable,
receivable, accounts
accounts
For
For example?
example? receivable,
receivable, supplies,
supplies, and
and
other
other prepaid
prepaid items.
items.
 There
There are
are some
some exceptions,
exceptions, butbut
that’s
that’s basically
basically correct.
correct. Assets
Assets
such as office So,
So, assets
assets
equipment, that
that have
have aa life
life
such as office equipment,
machinery, over
over
buildings, andaa year
year
land are
are listed
listed under
under
machinery, buildings, and land
would appear under thatproperty,
property,
heading. plant,
plant, and
and
would appear under that heading.
equipment.
equipment.
Hutang
Hutang yang
yang jatuh
jatuh tempo
tempo kurang
kurang
dari
dari 11 tahun
tahun disebut
disebut
current
current liabilities.
liabilities.

 Accounts payable
 Wages payable
 Interest payable
 Unearned fees
 Hutang
Hutang yang
yang Jatuh
Jatuh
Temponya
Temponya Lebih
Lebih dari
dari 11
tahun
tahun disebut
disebut long-term
long-term
liabilities.
liabilities.

 Mortgage note
payable
 Mortgage payable
 Bond payable
 Untuk
Untuk mempermudah
mempermudah
penyusunan
penyusunan Undjusted
Undjusted Trial
Trial
Balance
Balance menjadi
menjadi suatu
suatu Laporan
Laporan
Keuangan
Keuangan bisa
bisa dibantu
dibantu dengan
dengan
WORK
WORK SHEET
SHEET
 The Work Sheet

Trial Balance Adjustments Adjusted TB

Accounts Dr Cr Dr Cr Dr Cr

Berdasarkan
Berdasarkan datadata dari
dari Ledger,
Ledger, dan
dan
disusun
disusun sesuai
sesuai urutan:
urutan: assets,
assets,
liabilities,
liabilities, owner’s
owner’s equity,
equity,
revenues,
revenues, andand expenses.
expenses.
 The Work Sheet

Trial Balance Adjustments Adjusted TB

Accounts Dr Cr Dr Cr Dr Cr

Diisi
Diisi berdasarkan
berdasarkan jurnal
jurnal Penyesuaian
Penyesuaian
Ada
Ada 22 kemungkinan:
kemungkinan:
1.
1. Deferrals
Deferrals –– mengurangi
mengurangi saldo
saldo
sebelumnya
sebelumnya
2.
2. Accruals
Accruals –– Timbul
Timbul informasi
informasi baru
baru
 The Work Sheet

Trial Balance Adjustments Adjusted TB

Accounts Dr Cr Dr Cr Dr Cr

Adjustments
Adjustments are are combined
combined with
with
the
the trial
trial balance.
balance. Account
Account
balances
balances areare now
now adjusted.
adjusted.
 The Work Sheet

St of Financial
Income State. Position
Accounts Dr Cr Dr Cr

Saldo
Saldo Revenue
Revenue dan
dan Expense
Expense
dipindahkan
dipindahkan ke
ke kolom
kolom Income
Income
Statement
Statement
 The Work Sheet

St of Financial
Income State.
Position
Accounts Dr Cr Dr Cr

Saldo
Saldo Asset,
Asset, liability,
liability, owner’s
owner’s
equity,
equity, and
and drawing
drawing dipindahkan
dipindahkan
ke
ke Statement
Statement of of Financial
Financial Position
Position
column.
column.
 NetSolutions
Work Sheet
For the Two Months Ended December 31, 2005
Adjusted
Trial Balance Adjustments Trial Balance
Account Title Debit Credit Debit Credit Debit Credit
1 Cash 2,065
2 Accounts Receivable 2,220
3 Supplies 2,000
4 Prepaid Insurance 2,400
5 Land 20,000
6 Office Equipment 1,800
7 Accounts Payable 900
8 Unearned Rent 360 The
The Unadjusted
Unadjusted
9 Chris Clark, Capital 25,000
10 Chris Clark, Drawing 4,000 Trial
Trial Balance
Balance
11 Fees Earned 16,340
12 Wages Expense 4,275
13 Rent Expense 1,600
14 Utilities Expense 985
15 Supplies Expense 800
16 Miscellaneous Expense 455
17 42,600 42,600
18
19
20
21
22
Adjusting
Adjusting Entries
Entries

Adjusting
Adjusting entries
entries adl
adl Jurnal
Jurnal
yang
yang dibuat
dibuat pada
pada akhir
akhir
periode
periode akuntansi
akuntansi
Adjusting
Adjusting Entries
Entries
Apabila
Apabila Worksheet
Worksheet telah
telah
disiapkan
disiapkan maka
maka data
data dalam
dalam
jurnal
jurnal penyesuaian
penyesuaian dipindahkan
dipindahkan
pada
pada Adjustments
Adjustments columns.
columns.
(a)
(a) The
The Supplies
Supplies account
account has
has aa debit
debit ofof
$2,000.
$2,000. A A count
count of
of supplies
supplies atat the
the end
end of
of
the
the period
period reveals
reveals that
that $760
$760 isis on
on hand.
hand.
Therefore,
Therefore, $1,240
$1,240 inin supplies
supplies was
was used
used
during
during the
the two-month
two-month period.
period.
 NetSolutions
Work Sheet
For the Two Months Ended December 31, 2005
Adjusted
Trial Balance Adjustments Trial Balance
Account Title Debit Credit Debit Credit Debit Credit
1 Cash 2,065
2 Accounts Receivable 2,220
3 Supplies 2,000 (a) 1,240
4 Prepaid Insurance 2,400
5 Land 20,000
6 Office Equipment 1,800
7 Accounts Payable 900
8 Unearned Rent 360
9 Chris Clark, Capital 25,000
10 Chris Clark, Drawing 4,000
11 Fees Earned 16,340
12 Wages Expense 4,275
13 Rent Expense 1,600
14 Utilities Expense 985
15 Supplies Expense 800 (a) 1,240
16 Miscellaneous Expense 455
17 42,600 42,600
18
19
20
21
22
(b)
(b)The
The Prepaid
Prepaid Insurance
Insurance account
account has has aa
debit
debit balance
balance ofof $2,400,
$2,400, which
which
represents
represents prepayment
prepayment ofof insurance
insurance forfor
24
24 months
months beginning
beginning December
December 1. 1.
Thus,
Thus, the
the insurance
insurance expense
expense for
for this
this
month
month isis $100
$100 ($2,400
($2,400 ÷÷ 24).
24).
 NetSolutions
Work Sheet
For the Two Months Ended December 31, 2005
Adjusted
Trial Balance Adjustments Trial Balance
Account Title Debit Credit Debit Credit Debit Credit
1 Cash 2,065
2 Accounts Receivable 2,220
3 Supplies 2,000 (a) 1,240
4 Prepaid Insurance 2,400 (b) 100
5 Land 20,000
6 Office Equipment 1,800
7 Accounts Payable 900
8 Unearned Rent 360
9 Chris Clark, Capital 25,000
10 Chris Clark, Drawing 4,000
11 Fees Earned 16,340
12 Wages Expense 4,275
13 Rent Expense 1,600
14 Utilities Expense 985
15 Supplies Expense 800 (a) 1,240
16 Miscellaneous Expense 455
17 42,600 42,600
18 Insurance Expense (b) 100
19
20
21
22
Accounts are added as needed.
(c)
(c) The
The Unearned
Unearned RentRent account
account hashas aa credit
credit
balance
balance of
of $360,
$360, which
which represents
represents the the
receipt
receipt of
of three-months’
three-months’ rent
rent beginning
beginning
with
with December
December 1. 1. Thus,
Thus, the
the rent
rent revenue
revenue
for
for December
December isis $120.
$120.

FOR
RENT
 NetSolutions
Work Sheet
For the Two Months Ended December 31, 2005
Adjusted
Trial Balance Adjustments Trial Balance
Account Title Debit Credit Debit Credit Debit Credit
1 Cash 2,065
2 Accounts Receivable 2,220
3 Supplies 2,000 (a) 1,240
4 Prepaid Insurance 2,400 (b) 100
5 Land 20,000
6 Office Equipment 1,800
7 Accounts Payable 900
8 Unearned Rent 360 (c) 120
9 Chris Clark, Capital 25,000
10 Chris Clark, Drawing 4,000
11 Fees Earned 16,340
12 Wages Expense 4,275
13 Rent Expense 1,600
14 Utilities Expense 985
15 Supplies Expense 800 (a) 1,240
16 Miscellaneous Expense 455
17 42,600 42,600
18 Insurance Expense (b) 100
19 Rent Revenue (c) 120
20
21
22
(d)
(d) Wages
Wages accrued
accrued but
but not
not paid
paid at
at
the
the end
end of
of December
December total
total $250.
$250.
 NetSolutions
Work Sheet
For the Two Months Ended December 31, 2005
Adjusted
Trial Balance Adjustments Trial Balance
Account Title Debit Credit Debit Credit Debit Credit
1 Cash 2,065
2 Accounts Receivable 2,220
3 Supplies 2,000 (a) 1,240
4 Prepaid Insurance 2,400 (b) 100
5 Land 20,000
6 Office Equipment 1,800
7 Accounts Payable 900
8 Unearned Rent 360 (c) 120
9 Chris Clark, Capital 25,000
10 Chris Clark, Drawing 4,000
11 Fees Earned 16,340
12 Wages Expense 4,275 (d) 250
13 Rent Expense 1,600
14 Utilities Expense 985
15 Supplies Expense 800 (a) 1,240
16 Miscellaneous Expense 455
17 42,600 42,600
18 Insurance Expense (b) 100
19 Rent Revenue (c) 120
20 Wages Payable (d) 250
21
22
(e)
(e) Fees
Fees accrued
accrued at
at the
the end
end of
of
December,
December, butbut not
not recorded,
recorded,
total
total $500.
$500.
 NetSolutions
Work Sheet
For the Two Months Ended December 31, 2005
Adjusted
Trial Balance Adjustments Trial Balance
Account Title Debit Credit Debit Credit Debit Credit
1 Cash 2,065
2 Accounts Receivable 2,220 (e) 500
3 Supplies 2,000 (a) 1,240
4 Prepaid Insurance 2,400 (b) 100
5 Land 20,000
6 Office Equipment 1,800
7 Accounts Payable 900
8 Unearned Rent 360 (c) 120
9 Chris Clark, Capital 25,000
10 Chris Clark, Drawing 4,000
11 Fees Earned 16,340 (e) 500
12 Wages Expense 4,275 (d) 250
13 Rent Expense 1,600
14 Utilities Expense 985
15 Supplies Expense 800 (a) 1,240
16 Miscellaneous Expense 455
17 42,600 42,600
18 Insurance Expense (b) 100
19 Rent Revenue (c) 120
20 Wages Payable (d) 250
21
22
(f)
(f) Depreciation
Depreciation ofof the
the office
office
equipment
equipment isis $50
$50 for
for December.
December.
 NetSolutions
Work Sheet
For the Two Months Ended December 31, 2005
Adjusted
Trial Balance Adjustments Trial Balance
Account Title Debit Credit Debit Credit Debit Credit
1 Cash 2,065
2 Accounts Receivable 2,220 (e) 500
3 Supplies 2,000 (a) 1,240
4 Prepaid Insurance 2,400 (b) 100
5 Land 20,000
6 Office Equipment 1,800
7 Accounts Payable 900
8 Unearned Rent 360 (c) 120
9 Chris Clark, Capital 25,000
10 Chris Clark, Drawing 4,000
11 Fees Earned 16,340 (e) 500
12 Wages Expense 4,275 (d) 250
13 Rent Expense 1,600
14 Utilities Expense 985
15 Supplies Expense 800 (a) 1,240
16 Miscellaneous Expense 455
17 42,600 42,600
18 Insurance Expense (b) 100
19 Rent Revenue (c) 120
20 Wages Payable (d) 250
21 Depreciation Expense (f) 50
22 Accum. Depreciation (f) 50
 NetSolutions
Work Sheet
For the Two Months Ended December 31, 2005
Adjusted
To
Trial Balance
To make
make more
Adjustments
more Trial Balance
Account Title Debit Credit Debit Credit Debit Credit
1 Cash 2,065 space,
space, let’s
let’s remove
remove
2 Accounts Receivable 2,220 (e) 500
3 Supplies 2,000 the
the heading.
heading. (a) 1,240
4 Prepaid Insurance 2,400 (b) 100
5 Land 20,000
6 Office Equipment 1,800
7 Accounts Payable 900
8 Unearned Rent 360 (c) 120
9 Chris Clark, Capital 25,000
10 Chris Clark, Drawing 4,000
11 Fees Earned 16,340 (e) 500
12 Wages Expense 4,275 (d) 250
13 Rent Expense 1,600
14 Utilities Expense 985
15 Supplies Expense 800 (a) 1,240
16 Miscellaneous Expense 455
17 42,600 42,600
18 Insurance Expense (b) 100
19 Rent Revenue (c) 120
20 Wages Payable (d) 250
21 Depreciation Expense (f) 50
22 Accum. Depreciation (f) 50
 Adjusted 31
Trial Balance Adjustments Trial Balance
Account Title Debit Credit Debit Credit Debit Credit
1 Cash 2,065
2 Accounts Receivable 2,220 (e) 500
3 Supplies 2,000 (a) 1,240
4 Prepaid Insurance 2,400 (b) 100
5 Land 20,000
6 Office Equipment 1,800
7 Accounts Payable 900
8 Unearned Rent 360 (c) 120
9 Chris Clark, Capital 25,000
10 Chris Clark, Drawing 4,000
11 Fees Earned 16,340 (e) 500
12 Wages Expense 4,275 (d) 250
13 Rent Expense 1,600
14 Utilities Expense 985
15 Supplies Expense 800 (a) 1,240
16 Miscellaneous Expense 455
17 42,600 42,600
18 Insurance Expense (b) 100
19 Rent Revenue (c) 120
20 Wages Payable (d) 250
Depreciation Expense (f) 50
21
22 Accum. Depreciation
Summed
Summed (f) 50
23 and
and 2,260 2,260
24
25
ruled
ruled
Jumlahkan
Jumlahkan saldo
saldo Unadjusted
Unadjusted
Trial
Trial Balance
Balance dan
dan Adjusment
Adjusment
== Adjusted
Adjusted Trial
Trial Balance
Balance
 Adjusted 33
Trial Balance Adjustments Trial Balance
Account Title Debit Credit Debit Credit Debit Credit
1 Cash 2,065
2 Accounts Receivable 2,220 (e) 500
3 Supplies 2,000 (a) 1,240
4 Prepaid Insurance 2,400 (b) 100
5 Land 20,000
6 Office Equipment 1,800
7 Accounts Payable 900
8 Unearned Rent 360 (c) 120
9 Chris Clark, Capital 25,000
10 Chris Clark, Drawing 4,000
11 Fees Earned 16,340 (e) 500
12 Wages Expense 4,275 (d) 250
13 Rent Expense 1,600
14 Utilities Expense 985
15 Supplies Expense 800 (a) 1,240
16 Miscellaneous Expense 455
17 42,600 42,600
18 Insurance Expense (b) 100
19 Rent Revenue (c) 120
20 Wages Payable (d) 250
21 Depreciation Expense (f) 50
22 Accum. Depreciation (f) 50
23 2,260 2,260
24
25
 Adjusted 34
Trial Balance Adjustments Trial Balance
Account Title Debit Credit Debit Credit Debit Credit
1 Cash 2,065 2,065
2 Accounts Receivable 2,220 (e) 500 2,720
3 Supplies 2,000 (a) 1,240 760
4 Prepaid Insurance 2,400 (b) 100 2,300
5 Land 20,000 20,000
6 Office Equipment 1,800 1,800
7 Accounts Payable 900 900
8 Unearned Rent 360 (c) 120 240
9 Chris Clark, Capital 25,000 25,000
10 Chris Clark, Drawing 4,000 4,000
11 Fees Earned 16,340 (e) 500 16,840
12 Wages Expense 4,275 (d) 250 4,525
13 Rent Expense 1,600 1,600
14 Utilities Expense 985 985
15 Supplies Expense 800 (a) 1,240 2,040
16 Miscellaneous Expense 455 455
17 42,600 42,600
18 Insurance Expense (b) 100 100
19 Rent Revenue (c) 120 120
20 Wages Payable (d) 250 250
21 Depreciation Expense (f) 50 50
22 Accum. Depreciation (f) 50 50
23 2,260 2,260 43,400 43,400
24
25
To
To make
make room
room on
on the
the slides
slides for
for the
the
Income
Income statement
statement and
and Statement
Statement
of
of Financial
Financial Position
Position columns,
columns, thethe
Trial
Trial Balance
Balance and
and Adjustments
Adjustments
columns
columns have
have been
been removed.
removed.
 Adjusted
Trial Balance Income Statement St of Fin Position 38

Account Title Debit Credit Debit Credit Debit Credit

1 Cash 2,065
2 Accounts Receivable 2,720
3 Supplies 760
4 Prepaid Insurance 2,300
5 Land 20,000
6 Office Equipment 1,800
7 Accounts Payable 900
8 Unearned Rent 240
9 Chris Clark, Capital 25,000
10 Chris Clark, Drawing 4,000
11 Fees Earned 16,840
12 Wages Expense 4,525
13 Rent Expense 1,600
14 Utilities Expense 985
15 Supplies Expense 2,040
16 Miscellaneous Expense 455
17
18 Insurance Expense 100
19 Rent Revenue 120
20 Wages Payable 250
21 Depreciation Expense 50
22 Accum. Depreciation 50
23 43,400 43,400
24
25
 Pindahkan
Pindahkan Saldo
Saldo dari
dari
Adjusted
Adjusted Trial
Trial Bal
Bal ke
kekolom
kolom
Income
Income Statement
Statement nn Statement
Statement
of
of Financial
Financial Position
Position
 Adjusted 40
Trial Balance Income Statement St of Fin Position
Account Title Debit Credit Debit Credit Debit Credit
1 Cash 2,065 2,065
2 Accounts Receivable 2,720 2,720
3 Supplies 760 760
4 Prepaid Insurance 2,300 2,300
5 Land 20,000 20,000
6 Office Equipment 1,800 1,800
7 Accounts Payable 900 900
8 Unearned Rent 240 240
9 Chris Clark, Capital 25,000 25,000
10 Chris Clark, Drawing 4,000 4,000
11 Fees Earned 16,840 16,840
12 Wages Expense 4,525 4,525
13 Rent Expense 1,600 1,600
14 Utilities Expense 985 985
15 Supplies Expense 2,040 2,040
16 Miscellaneous Expense 455 455
17
18 Insurance Expense 100 100
19 Rent Revenue 120 120
20 Wages Payable 250 250
21 Depreciation Expense 50 50
22 Accum. Depreciation 50 50
23 43,400 43,400
24
25
 Jumlahkan
Jumlahkan
empat
empat kolom
kolom
tersebut
tersebut
 Adjusted 42
Trial Balance Income Statement St of Fin Position
Account Title Debit Credit Debit Credit Debit Credit
1 Cash 2,065 2,065
2 Accounts Receivable 2,720 2,720
3 Supplies 760 760
4 Prepaid Insurance 2,300 2,300
5 Land 20,000 20,000
6 Office Equipment 1,800 1,800
7 Accounts Payable 900 900
8 Unearned Rent 240 240
9 Chris Clark, Capital 25,000 25,000
10 Chris Clark, Drawing 4,000 4,000
11 Fees Earned 16,840 16,840
12 Wages Expense 4,525 4,525
13 Rent Expense 1,600 1,600
14 Utilities Expense 985 985
15 Supplies Expense 2,040 2,040
16 Miscellaneous Expense 455 455
17
18 Insurance Expense 100 100
19 Rent Revenue 120 120
20 Wages Payable 250 250
21 Depreciation Expense 50 50
22 Accum. Depreciation 50 50
23 43,400 43,400 9,755 16,960 33,645 26,440
24 Net Income 7,205 7,205
25 16,960 16,960 33,645 33,645
 Perbedaan
Perbedaan pada
pada kolom
kolom
Income
Income Statement
Statement merupakan
merupakan
Net
Net Income(Loss)
Income(Loss)
 Perbedaan
Perbedaan pada
pada Kolom
Kolom
Statement
Statement ofof Financial
Financial
Position
Position == Net
Net Income
Income (Loss)
(Loss)
pada
pada periode
periode tersebut
tersebut
 Income Statement St of Financ Position

9,755 16,960 33,645 26,440

7,205 7,205
16,960 16,960 33,645 33,645

Net Income Net Income

 NetSolutions
Income Statement
For Two Months Ended December 31, 2005

Fees earned $16,840

Rent revenue 120
Total revenues $16,960
Expenses:
Wages expense $ 4,525
Supplies expense 2,040
Rent expense 1,600
Utilities expense 985
Insurance expense 100
Depreciation expense 50
Miscellaneous expense 455
Total expenses 9,755
Net income $ 7,205

Semua Akun berasal dari kolom Income Statement pada

Worksheet
 NetSolutions
Statement of Owner’s Equity
For the Two Months Ended December 31, 2005

Chris Clark, Capital, November 1, 2005 $ 0

Investment on November 1, 2005 $25,000
Net income for November and December 7,205
$32,205
Less withdrawals 4,000
Increase in owner’s equity 28,205
Chris Clark, Capital, December 31, 2005Either
Either from
from the
the
$28,205
income
income
statement
statement
From
From the or
or the
the
the Statement
Statement
work
work
of sheet.
sheet.
of Financial
Financial
Position
Position debit
debit
column
column of of the
the work
work
sheet.
sheet.
 NetSolutions
Statement of Financial Position
December 31, 2005
Assets
Assets Liabilities
Liabilities
Current
Currentassets:
assets: Current
Currentliabilities:
liabilities:
Cash
Cash $$ 2,065
2,065 Accounts
Accountspayable
payable $900
$900
Accounts
Accountsreceivable
receivable 2,720
2,720 Wages
Wagespayable
payable
From
From the
250
250 the
Supplies
Supplies 760
760 Unearned
Unearnedrentrent Statement
240
Statement
240
Prepaid
Prepaidinsurance 2,300 Total
Totalliabilities $$ 1,390
Total
insurance 2,300 liabilities of Owner’s
1,390
of Owner’s
Totalcurrent
currentassets
assets $$ 7,845
7,845
Property,
Property,plant,
plant,and
and Equity
Equity
equipment:
equipment:
Land
Land $20,000
$20,000
Office
Officeequip.
equip. $1,800
$1,800
Less
Lessaccum.
accum.
depreciation
depreciation 50
50 1,750
1,750 Owner’s
Owner’sEquity
Equity
Total
Totalproperty,
property,plant
plant Chris
ChrisClark,
Clark,Capital
Capital 28,205
28,205
and
andequipment
equipment 21,750
21,750 Total
Totalliabilities
liabilitiesand
and
Total
Totalassets
assets $29,595
$29,595 owner’s
owner’sequity
equity $29,595
$29,595
Clossing
Clossing Entries
Entries

Clossing
Clossing entries
entries (Jurnal
(Jurnal Penutup)
Penutup)
adl
adl Jurnal
Jurnal yang
yang dibuat
dibuat pada
pada akhir
akhir
periode
periode akuntansi
akuntansi
Clossing
Clossing Entries
Entries

Fungsi
Fungsi Clossing
Clossing entries
entries adl
adl
Menutup
Menutup Saldo
Saldo perkiraan
perkiraan
sementara/nominal
sementara/nominal
Clossing
Clossing Entries
Entries

Dalam
Dalam proses
proses penutupan
penutupan
digunakan
digunakan perkiraan
perkiraan
“INCOME
“INCOME SUMMARY”
SUMMARY”
 Langkah2 Clossing Entries
1. Menutup Perkiraan Revenue
2. Menutup Perkiraan Expenses
3. Menutup Perkiraan Income Summary
4. Menutup Perkiraan Drawing/
Withdrawal
 The
The Closing
Closing Process
Process
Income Summary
Menutup Menutup
2 Expenses ke
Income Summary 1 Revenue ke
Income Summary

3 Akun Income Summary

Net Income or Net Loss is
transferred to Owner’s Capital
Akun Income Summary
OWNER’S
tidak
tidak akanCAPITAL
akan muncul
muncul dlm
dlm
financial
financial statements.
statements.
4
Menutup Drawing ke
Owner’s Capital
 The
The Closing
Closing Process
Process
Wages Expense Fees Earned

Bal. 4,525 Income Summary Bal. 16,840

Rent Expense Rent Revenue

Bal. 1,600 Bal. 120
Depreciation Expense
Bal. 50 Note:
Utilities Expense Saldo tersebut adl
Chris Clark, Capital
Bal. 985 Saldo sebelum
Bal. 25,000
Supplies Expense penutupan
Bal. 2,040
Insurance Expense
Bal. 100
Chris Clark, Drawing
Miscellaneous Expense
Bal. 4,000
Bal. 455
 The
The Closing
Closing Process
Process
Close Revenues

Fees Earned 16.840

Rent Revenue 120
Income Summary 16.960

Income Summary Fees Earned

16,840 Bal. 16,840
16,960 Rent Revenue
120 Bal. 120
 Close Expenses

Income Summary 9,775

Wages Expense 4,525
Rent Expense 1,600
Depreciation Expense 50
Utilities Expense 985
Supplies Expense 2040
Insurance Expense 100
Miscellaneous Expense 455
 Close
Close Expenses
Expenses
Wages Expense
Bal. 4,525 4,525 Income Summary
Rent Expense 9,775 16,960
Bal. 1,600 1,600
Depreciation Expense
Bal. 50 50
Utilities Expense
Bal. 985 985
Supplies Expense
Bal. 2,040 2,040
Insurance Expense
Bal. 100 100
Miscellaneous Expense
Bal. 455 455
 Close Income Summary

Income Summary 7,205

Chris Carlk, Capital 7,205
Close
Close Income
Income Summary
Summary
Income Summary
9,775 16,960
7,205

Chris Clark, Capital

Bal. 25,000
7,205

Chris Clark, Drawing

Bal. 4,000
 Close
Close Drawing
Drawing

Chris Carlk, Capital 4,000

Chris Carlk, Drawing 4,000

Chris Clark, Capital

4,000 Bal. 25,000
7,205

Chris Clark, Drawing

Bal. 4,000 4,000
 Review
Review of
of the
the Closing
Closing Process
Process
Wages Expense Fees Earned

Bal. 4,525 4,525

4,525 Income Summary 16,480 Bal. 16,840
16,840
Rent Expense 9,775 16,960
16,960 Rent Revenue
Bal. 1,600 1,600
1,600 7,205
120 Bal.
120 120
Depreciation Expense
Bal. 50 50
50
Utilities Expense
Close Revenues
Bal. 985 985
985 Chris Clark, Capital
4,000 Bal. 25,000
4,000 Close Expenses
Supplies Expense
7,205
7,205
Bal. 2,040 2,040
2,040 Close Income Summary
Insurance Expense
Bal. 100 100
100 Close Drawing
Chris Clark, Drawing
Miscellaneous Expense
Bal. 4,000 4,000
Bal. 455 455
445
 Setelah
Setelah Jurnal
Jurnal Penutup
Penutup
dibuat
dibuat dan
dan diposting
diposting maka
maka
Saldo
Saldo Perkiraan
Perkiraan Nominal
Nominal
== 00
 Post-closing Trial
Post-closing Trial Balance
Balance
NetSolutions
Post-Closing Trial Balance
December 31, 2005
Cash 2 065 00
Accounts Receivable 2 720 00
Supplies 760 00
Prepaid Insurance 2 300 00
Land 20 000 00
Office Equipment 1 800 00
Accumulated Depreciation 50 00
Accounts Payable 900 00
Wages Payable 250 00
Unearned Rent 240 00
Chris Clark, Capital 28 205 00
29 645 00 29 645 00
 REVERSING ENTRY
Jurnal Pembalik
adl:
Jurnal yang dibuat pada AWAL periode berikutnya
Fungsinya: membalik jurnal penyesuaian atas:

1. Defferred Account (Revenue/Expense) yang dicatat

dengan pendekatan Nominal
2. Semua Acrrued Account (Revenue/Expense)
 REVERSING ENTRY
Jurnal Pembalik
Ciri-ciri Jurnal Penyesuaian yang harus di-
Reverse:
1. Adanya Akun Expense DIKREDIT
2. Adanya Akun Revenue DIDEBIT
3. Adanya Akun PAYABLE
4. Adanya Akun RECEIVABLE
 Financial
Financial Analysis
Analysis for
for
NetSolutions
NetSolutions
Working Current Current
= –
Capital Assets Liabilities
Working
= $7,845 – $1,390
Capital
Working $6,455
Capital =
 Financial
Financial Analysis
Analysis for
for
NetSolutions
NetSolutions
Current Current Current
Ratio = Assets ÷ Liabilities

Current
Ratio = $7,845 ÷ $1,390
Current
= 5.6
Ratio
Financial
Financial Analysis
Analysis for
for
NetSolutions
NetSolutions
This
This ratio
ratio implies
implies that
that
NetSolutions
NetSolutions isis able
able to
to pay
pay
its
its current
current liabilities.
liabilities.
 Financial
Financial Analysis
Analysis for
for
NetSolutions
NetSolutions
Current Current Current
ratio = Assets ÷ Liabilities

Current
= $7,845 ÷ $1,390
ratio
Current
= 5.6
ratio
Financial
Financial Analysis
Analysis for
for
NetSolutions
NetSolutions
NetSolutions
NetSolutions can
can use
use the
the current
current ratio
ratio
to
to make
make comparisons
comparisons across
across
companies
companies and
and with
with industry
industry averages.
averages.
Chapter 4

The
The End
End