MODUL TUGAS PRAKTIKUM PENGANTAR AKUNTANSI FATA 2015

MATERI 3
ADJUSTING AND CORRECTING ENTRIES

❖ Accrual vs. Cash-Basis Accounting

Accrual-Basis
Mencatat Revenue Saat perusahaan
menyelesaikan
kewajibannya/pelayanannya
Mencatat Expense Pada saat beban terjadi
Cash-Basis
Saat menerima kas atas
pendapatannya
Saat mengeluarkan kas untuk
membayar bebannya

❖ Types of Adjustinng Entries

o Defferals:
1. Prepaid expense: beban yang telah di bayar dimuka sebelum digunakan atau
dimanfaatkan oleh entitas.
Accounting for Prepaid Expenses
Alasan untuk Akun Sebelum Jurnal
Contoh Penyesuaian Penyesuaian Penyesuaian
insurance, Beban dibayar Assets overstated. Dr. Expense
supplies, dimuka yang Expenses
Cr. Assets or
advertising, rent, dicatat dalam akun understated
Contra Assets
deprecition aset telah
digunakan

2. Unearned revenue: kas yang diterima sebelum menyelesaikan

kewajiban/pelayanannya.
Accounting for Unearned Revenue
Alasan untuk Akun Sebelum Jurnal
Contoh Penyesuaian Penyesuaian Penyesuaian
rent, laundry pendapatan diterima Liabilities Dr. Liabilities
subcriptions, dimuka yang tercatat di overstated.
Cr. Revenues
customer akun liability sekarang Revenues
deposits for diakui sebagai understated
future service pendapatan untuk
kewajiban yang telah
dilakukan

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o Accruals:
1. Accrued expense: beban yang telah terjadi namun belum di bayarkan
ataupun di catat.
Accounting for Accrued Expenses
Alasan untuk Akun Sebelum Jurnal
Contoh Penyesuaian Penyesuaian Penyesuaian
interest, rent, Beban yang telah Expenses Dr. Expense
salaries terjadi namun understated.
Cr. Liabilities
belum dibayarkan Liabilities
secara tunai understated.
ataupun di catat

2. Accrued revenue: pendapatan yang telah dilakukan namun belum menerima

kas atau belum dicatat.
Accounting for Accrued Revenue
Alasan untuk Akun Sebelum Jurnal
Contoh Penyesuaian Penyesuaian Penyesuaian
interest, rent, Pendapatan yang Assets Dr. Assets
services telah dilakukan understated.
Cr. Revenues
namun belum Revenues
menerima kas atau understated.
belum dicatat.

❖ Correcting Entries
Correcting entries adalah pencatatan yang dilakukan untuk mengoreksi kesalahan
pencatatan sebelumnya. Correcting entries adalah langkah yang dapat dihindari, dan
dapat dibuat segera ketika kesalahan pencatatan ditemukan. Sedangkan Adjusting
Entries adalah langkah yang harus dilakukan untuk menyesuaikan akun-akun yang
perlu disesuaikan. Adjusting Entries dibuat ketika diakhir periode akuntansi atau
ketiak perusahaan akan menyiapkan laporan keuangan.

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Contoh Soal:

a. Pioneer Advertising Agency purchased supplies costing Rp25.000.000 on January 5.

Pioneer recorded the payment by increasing (debiting) the asset Supplies. An inventory
count at the close of business on January 31, 2018 reveals that Rp10.000.000 of supplies
are still on hand. (Defferal – Prepaid Expense for Supplies)
b. Pioneer Advertising Agency purchased a new vehicle for Rp20.000.000 on January 1,
2018. The vehicle has Rp2.000.000 residual value and 15 years (180 months) economic
life. (Defferal – Prepaid Expense for Fixed Assets)
c. Pioneer Advertsing Agency Paid Rp10.000.000 on January 1, 2018 for 10 months
(January – October) building rent in advance. (Defferal – Prepaid Expense for
Prepaid Rent)
d. Pioneer Advertising Agency received Rp12.000.000 on January 1, 2018 from Green
Restourant for advertising services expected to be completed by April 30 (4 months).
Analysis reveals that the company earned Rp3.000.000 of those fees in January.
(Defferal – Unearned Revenue)
e. Pioneer Advertising Agency received a 20 days advertising services contract from
Diamond Bank (January 22 – February 10). Diamond Bank will pay Rp10.000.000 on
February 10. (Accrued Revenue)
f. Pioneer Advertising Agency signed a three-month note payable in the amount of
Rp50.000.000 on January 1. The note requires Pioneer to pay interest at an annual rate
of 12%. (Accrued Expense)
g. Pioneer Advertising Agency collected a receivable from a customer Rp16.500.000 On
January 17. Suppose the bookkeeper recorded it at Rp15.600.000 instead of
Rp16.500.000. Correcting made on 31 January 2018. (Correcting Entries)

Instruction:

Journalize the adjusting entries and correcting entries needed!

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 MODUL TUGAS PRAKTIKUM PENGANTAR AKUNTANSI FATA 2015

Solusi:
Pioneer Advertising Agency
General Journal
January 2018
Date Journal Entries Ref Debit Credit
Adjusting Entries (J2)
Supplies Expense Rp 15.000.000
31 Januari
a. Supplies Rp 15.000.000
2018

Depreciation Expense Rp 100.000

31 Januari
b. Accumulated Depreciation - Vehicle Rp 100.000
2018

Rent Building Expense Rp 1.000.000

31 Januari
c. Prepaid Rent Building Rp 1.000.000
2018

Unearned Revenue Rp 3.000.000

31 Januari
d. Service Revenue Rp 3.000.000
2018

Account Receivable Rp 5.000.000

31 Januari
e. Service Revenue Rp 5.000.000
2018

Interest Expense Rp 500.000

31 Januari
f. Interest Payable Rp 500.000
2018

Correcting Entries (J1)

Cash Rp 900.000
31 Januari
g. Account Receivable Rp 900.000
2018

Calculation:

a. Supplies decreased:
Rp25.000.000 – Rp10.000.000 = Rp15.000.000
b. Depreciation base:
Rp20.000.000 – Rp2.000.000 = Rp18.000.000
Depreciation per month:
Rp18.000.000/180 = Rp100.000

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 MODUL TUGAS PRAKTIKUM PENGANTAR AKUNTANSI FATA 2015

c. Rent expense per month:

Rp10.000.000/10 = Rp1.000.000
d. Service recognized:
Rp12.000.000/4 = Rp3.000.000
e. Service performed:
10 days (Jan 22 – Jan 31)
Revenue recognized:
10/20 x Rp10.000.000 = Rp5.000.000
f. Interest annual rate: 12%
Interest monthly rate: 1%
Interest payable: 1% x Rp50.000.000 = Rp500.000
g. Cash understated and Account Receivable overstated:
Rp16.500.000 - Rp15.600.000 = Rp900.000

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