MATERI LAB 5
MERCHANDISING COMPANY
Cost of Good Sold = Cost of Goods Available for sale – Ending Inventory
Cost of Goods Available for Sale = Beginning Inventory + Cost of Goods Purchased
b. Sales Journal
Jurnal khusus untuk semua transaksi penjualan secara kredit. Contoh :
January 3 : Sold the merchandise inventory to XYZ Store for Rp2,500,000 that cost of
Rp2,150,000, 3/10,n/30,
Format dan contoh pencatatan ke dalam jurnal khusus:
Date Account Invoice Ref Account Receivable Cost of Goods Sold (Dr)
Debited No (Dr) Merchandise Inventory
Sales Revenue (Cr) (Cr)
Jan XYZ 101 Rp2,500,000 Rp2,150,000
3 Store (contoh)
e. General Journal
Jurnal untuk mencatat transaksi-transaksi yang tidak termasuk ke dalam jurnal khusus.
Contoh :
January 16 : Returned damage goods that was bought from PT Nusantara at January
15 for Rp755,000
Format :
Date Explanation Ref Debit Credit
Closing Entries
Pada jurnal penutup untuk akun pendapatan dan beban ditutup seperti pada chapter
sebelumnya, yaitu menutup akun penjualan dengan membuatnya di sisi debit dan akun
beban termasuk Cost of Good Sold ditutup menjadi akun kredit.
GENERAL JOURNAL
Date Account Titles and Explanation Debit Credit
2019 (1)
Dec. 31 Sales Revenue
Income Summary
(To close income statement
accounts with credit balances)
GENERAL JOURNAL
Date Account Titles and Explanation Debit Credit
2019 (2)
Dec. 31 Income Summary
Sales Returns and Allowances
Sales Discounts
Cost of goods sold
Salaries Expense
Rent Expense
Freight-out
Advertising Expense
Utilities Expense
Depreciation Expense
Insurance Expense
(To close income statement
accounts with debit balances)
GENERAL JOURNAL
Date Account Titles and Explanation Debit Credit
2019 (3)
Dec. 31 Income Summary
Owners’ Capital
(To close net income to capital)
(4)
31 Owners’ Capital
Owners’ Drawing
(To close drawings to capital)
JDC ELECTRONIC
Income Statement
For the Year Ended December 31, 2019
(In $)
Sales Revenue
Sales 480,000
Less : Sales Return and Allowances (20,000)
Net Sales 460,000
Cost of Goods Sold (316,000)
Gross Profit 144,000
Operating Expenses
Selling Expenses
Salaries Expenses 45,000
Advertising Expenses 16,000
Amortization Expenses 8,000
Freight Out 7,000
Total Selling Expenses 76,000
Administrative Expenses
Rent Expense 19,000
Utulities Expense 17,000
Insurance Expense 2,000
Total Administaritive Expenses 38,000
Total Operating Expenses (114,000)
Income from Operations 30,000
Other Revenue and Gains
Interest revenue 3,000
Gain on Sale of Equipment 600
Total Non-Operating Revenue and Gain 3,600
Other Expenses and Losses
Interest Expenses 1,800
JDC ELECTRONIC
Worksheet
For the Year Ended December 31, 2019 (in $)
Adjusted Trial
Trial Balance Adjustments Income Statement Balance Sheet
Balance
Accounts Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr.
Cash 9.500 9.500 9.500
Accounts Receivable 16.100 16.100 16.100
Merchandise Inventory 40.500 500 40.000 40.000
Prepaid Insurance 3.800 2.000 1.800 1.800
Equipment 80.000 80.000 80.000
Accumulated Depreciation - Equipment 16.000 8.000 24.000 24.000
Accounts Payable 20.400 20.400 20.400
Owner's Capital 83.000 83.000 83.000
Owner's Drawings 15.000 15.000 15.000
Sales Revenue 480.000 480.000 480.000
Sales Returns and Allowance 12.000 12.000 12.000
Sales Discounts 8.000 8.000 8.000
Cost of Goods Sold 315.500 500 316.000 316.000
Freight-Out 7.000 7.000 7.000
Advertising Expense 16.000 16.000 16.000
Salaries and Wages Expense 59.000 5.000 64.000 64.000
Utilities Expense 17.000 17.000 17.000
Totals 599.400 599.400
Insurance Expense 2.000 2.000 2.000
Depreciation Expense 8.000 8.000 8.000
Salaries and Wages Payable 5.000 5.000 5.000
Totals 15.500 15.500 612.400 612.400 450.000 480.000 162.400 132.400
Net Income 30.000 30.000
Totals 480.000 480.000 162.400 162.400