PROBLEM SET 8-1B (KELOMPOK 8)

(a) 1.Accounts Receivable.......................................... 2,570,000

Sales............................................................... 2,570,000
2. Sales Returns and Allowances....................... 40,000
Accounts Receivable................................. 40,000
3. Cash......................................................................... 2,300,000
Accounts Receivable................................. 2,300,000
4. Allowance for Doubtful Accounts.................. 65,000
Accounts Receivable................................. 65,000
5. Accounts Receivable.......................................... 25,000
Allowance for Doubtful Accounts...................................................
25,000
Cash......................................................................... 25,000
Accounts Receivable................................. 25,000

Account Receivable
Bal.
1,000,000
(1)
2,570,000
(5) 25,000

(2) 40,000
(3)
2,300,000
(4) 65,000
(5) 25,000

(b)

Allowanced for Doubtful

Account
(4) 65,000 Bal. 60,000
(5) 25,000

Bal.
1,165,000

Bal. 20,000

(c) Balance before adjustment [see (b)]..................................................

$20,000
Balance needed..................................................................................
$90,000
Adjustment required.........................................................................
$70,000
The journal entry would therefore be as follows:
Bad Debts Expense................................................... 70,000
Allowance for Doubtful Accounts............... 70,000
(d)

$2,570,000 $40,000
= $2,530,000 = 2.51 times
($1,075,000+$940,000)2
$1,007,500

KELOMPOK 8
1. QODRIYAH OKTAVIA
2. CENDIKIANA A.A
3. GILANG SURYA P.

4. TIUR PURDITYAWAN