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    Kasus 1 Dan 2 - Installment Sales

    Uploaded by

    Emya Pratiwi Sitepu
    1. The document provides journal entries for two cases of installment sales. For case 1, it records the sales, cash receipts, adjustments, and closing entries for installment sales from 2011-2013. For case 2, it records similar entries for another company's installment sales from 2011-2013 including a repossession. 2. For both cases, opening entries record installment sales and costs of goods sold. Cash receipts reduce installment receivables. Closing entries allocate deferred profits to realized profits based on historical gross profit percentages. Realized profits are recognized as income.

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    Kasus 1 Dan 2 - Installment Sales

    Uploaded by

    Emya Pratiwi Sitepu
    35 views2 pages
    1. The document provides journal entries for two cases of installment sales. For case 1, it records the sales, cash receipts, adjustments, and closing entries for installment sales from 2011-2013. For case 2, it records similar entries for another company's installment sales from 2011-2013 including a repossession. 2. For both cases, opening entries record installment sales and costs of goods sold. Cash receipts reduce installment receivables. Closing entries allocate deferred profits to realized profits based on historical gross profit percentages. Realized profits are recognized as income.

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    Kasus 1 Dan 2_Installment Sales

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    1. The document provides journal entries for two cases of installment sales. For case 1, it records the sales, cash receipts, adjustments, and closing entries for installment sales from 2011-2013. For case 2, it records similar entries for another company's installment sales from 2011-2013 including a repossession. 2. For both cases, opening entries record installment sales and costs of goods sold. Cash receipts reduce installment receivables. Closing entries allocate deferred profits to realized profits based on historical gross profit percentages. Realized profits are recognized as income.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    35 views2 pages

    Kasus 1 Dan 2 - Installment Sales

    Uploaded by

    Emya Pratiwi Sitepu
    1. The document provides journal entries for two cases of installment sales. For case 1, it records the sales, cash receipts, adjustments, and closing entries for installment sales from 2011-2013. For case 2, it records similar entries for another company's installment sales from 2011-2013 including a repossession. 2. For both cases, opening entries record installment sales and costs of goods sold. Cash receipts reduce installment receivables. Closing entries allocate deferred profits to realized profits based on historical gross profit percentages. Realized profits are recognized as income.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    Kasus 1

    1. Susunlah jurnal tahun 2013 termasuk jurnal penyesuaian dan penutup


    Persent Tertagih Piutang
    Tahun Penjualan ase Laba Piutang Cicilan awal tahun sepanjang Cicilan akhir
    Kotor tahun tahun
    2011 46% 600.000 600.000 -
    2012 42% 1.000.000 680.000 320.000
    2013 40% 4.000.000 1.200.000 2.800.000

    Transaksi Jurnal Debit Kredit


    Saat penjualan Installment Contract Receivable 4.000.000
    2013 Installment Sales 4.000.000
    Cost of Installment Sales 2.400.000
    Merchandise Inventory 2.400.000

    pencatatan jumlah Cash 2.480.000


    tertagih selama Installment Contract Receivable 2011 600.000
    tahun 2013 Installment Contract Receivable 2012 680.000
    Installment Contract Receivable 2013 1.200.000

    Adjustment No entries for the usage of perpetual method

    Closing Installment Sales 4.000.000


    Cost of Installment Sales 2.400.000
    Deferred gross profit 2013 1.600.000

    Deferred gross profit 2011 (46% x 600.000) 276.000


    Deferred gross profit 2012 (42% x 680.000) 285.600
    Deferred gross profit 2013 (40% x 1.200.000) 480.000
    Realized gross profit 2011 - 2013 1.041.600

    Realized gross profit 2011 - 2013 1.041.600


    Income Summary 1.041.600
    Kasus 2

    1. Persentase laba kotor


    2011 2012 2013
    Net Sales 1.080.000.000 1.200.000.000 1.500.000.000
    CoGS 453.600.000 540.000.000 720.000.000
    Gross Profit 626.400.000 660.000.000 780.000.000
    Gross Profit Rate 58,00 55,00 52,00

    2. Jurnal untuk mengakui laba atas penjualan cicilan (Perpetual)


    Jurnal penjualan cicilan 2013
    Installment Contract Receivable 1.500.000.000
    Installment Sales 1.500.000.000
    Cost of installment sales 720.000.000
    Merchandise inventory 720.000.000

    Penerimaan kas penjualan cicilan 2011-2013


    Cash 1.122.150.000
    Installment Contract Receivable (2011) 66.150.000
    Installment Contract Receivable (2012) * 756.000.000
    Installment Contract Receivable (2013) 300.000.000

    * 960jt - 180jt - (42jt - 18jt) = 756jt

    Pembatalan penjualan cicilan 2012


    Merchandise inventory-Repossession 18.000.000
    Deferred Gross Profit 2012* 13.200.000
    Installment Contract Receivable** 24.000.000
    Gain on repossession 7.200.000

    * 55% x 24jt
    ** 42jt - 18jt = 24jt

    Adjustment
    No entries

    Closing entries
    Installment Sales 1.500.000.000
    Cost of installment sales 720.000.000
    Deferred Gross Profit 2013 780.000.000

    Deferred Gross Profit 2011 38.367.000


    Deferred Gross Profit 2012 415.800.000
    Deferred Gross Profit 2013 156.000.000
    Realized Gross Profit 2011* 38.367.000
    Realized Gross Profit 2012** 415.800.000
    Realized Gross Profit 2013*** 156.000.000

    * 58% x 66.150.000
    ** 55% x 756.000.000
    *** 52% x 300.000.000

    Realized Gross Profit 2011 38.367.000


    Realized Gross Profit 2012 415.800.000
    Realized Gross Profit 2013 156.000.000
    Income Summary 610.167.000

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