Professional Documents
Culture Documents
SOAL 1
The following items were selected from among the transactions completed by Warwick Co. during the current year:
03 Feb Purchased merchandise on account from Onifade Co., $410,000, terms n/30.
03 Mar Issued a 45-day, 6% note for $410,000 to Onifade Co., on account.
17 Apr Paid Onifade Co. the amount owed on the note of March 3.
01 Jun Borrowed $250,000 from Aldhiezer Bank, issuing a 60-day, 7.5% note.
21 Jul Purchased tools by issuing a $300,000, 60-day note to Nash Co., which discounted the note at the rate of 8%.
31 Jul Paid Aldhiezer Bank the interest due on the note of June 1 and renewed theloan by issuing a new 30-day, 9% note for
$250,000. (Journalize both the debit and credit to the notes payable account.)
30 Aug Paid Aldhiezer Bank the amount due on the note of July 31.
19 Sept Paid Nash Co. the amount due on the note of July 21.
01 Dec Purchased office equipment from Oso Co. for $340,000, paying $40,000 and issuing a series of ten 8% notes for $30,000 each,
coming due at 30-day intervals.
12 Dec Settled a product liability lawsuit with a customer for $165,000, payable in January. Warwick accrued the loss in a litigation
claims payable account.
31 Dec Paid the amount due Oso Co. on the first note in the series issued on
Instructions
1. Journalize the transactions.
2. Journalize the adjusting entry for each of the following accrued expenses at the end of the current year:
a. Product warranty cost, $32,500.
b. Interest on the nine remaining notes owed to Oso Co.
SOAL 3
PT Ajar meminjam uang sejumlah Rp 190,000,000 dari Bank DKNT dengan menerbitkan wesel bayar 8% berjangka waktu 15 bulan pada
tanggal 1 September 2015.
Diminta
1. Buatlah jurnal pada saat wesel bayar tersebut diterbitkan
2. Buatlah jurnal penyesuaian yang diperlukan pada tanggal 31 Desember 2015, dengan asumsi jurnal penyesuaian hanya dibuat
pada akhir tahun.
3. Jelaskan apakah wesel bayar tersebut termasuk liabilitas jangka pendek atau jangka panjang di Laporan Posisi Keuangan per 31
Desember 2015
4. Buatlah jurnal untuk mencatat pelunasan wesel bayar tersebut pada saat jatuh tempo.