Tugas Akuntansi Pengantar

Nama: Wahyu Sekar Wijayaningtyas

NIM: 20/461158/EK/23114
P1-1A. On April 1, Renato Uhrig established Renato’s Travel Agency. The following
transactions were completed during the month.
1. Invested $15,000 cash to start the agency.
2. Paid $600 cash for April office rent.
3. Purchased equipment for $3,000 cash.
4. Incurred $700 of advertising costs in the Chicago Tribune, on account.
5. Paid $800 cash for office supplies.
6. Performed services worth $10,000: $3,000 cash is received from customers, and the
balance of $7,000 is billed to customers on account.
7. Withdrew $500 cash for personal use.
8. Paid Chicago Tribune $500 of the amount due in transaction (4).
9. Paid employees’ salaries $2,500.
10. Received $4,000 in cash from customers who have previously been billed in
transaction (6).
Instructions:
a) Prepare a tabular analysis of the transactions, using the following column
headings: Cash, Accounts Receivable, Supplies, Equipment, Accounts Payable,
Owner’s Capital, Owner’s Drawings, Revenues, and Expenses.
b) From an analysis of the owner’s equity columns, compute the net income or net
loss for May.
c) Prepare an income statement, preliminary balance sheet, statement of changes in
capital, final balance sheet, and cash flow statement.
Jawaban:
a) Analisis Tabel Transaksi (tabular analysis of the transactions)
Asset Liabilities Owner’s Equities
Owner’s
Account Account Owner’s
Cash + + Supplies + Equipment = + - Drawin + Revenues - Expenses
Receivable Payable Capital
g
+ $15,00
1. = +$15,000
0
2. - $600 = - $600
3. - $3,000 + $3,000 =
4. = + $700 - $700
5. - $800 + $800
6. + $3,000 + $7,000 = + $10,000
7. - $500 = - $500
8. - $500 = - $500
9. - $2,500 = - $2,500
10 +
$4,000 + -$4,000 =
.
+ $14.10
+ $3,000 + $800 + $3,000 = +$200 + $15,000 - $500 + $10,000 - $3,800
0
b) Net Income or net loss for April
Service Revenue $10,000
Expenses
Office Rent $600
Advertising $700
Employee’s Salaries $2,500
Total Expenses $ 3,800
Net Income $ 6,200
 c) (1) Income Statement

Renato’s Travel Agency

Income Statement
For the Month Ended April 30, 20XX

Revenues
Service Revenue $10,000
Expenses
Office Rent $600
Advertising $700
Employee’s Salaries $2,500
Total Expenses $3,800
Net Income $6,200

(2) Owner’s Equity Statement

Renato's Travel Agency

Owner's Equity Statement
For the Month Ended April 30, 20XX
   
  Owner's capital, April 1 $0  
  Add: Investments $15,000  
  Net Income $6,200 $21,200  
  $21,200  
  Less: Drawings $500  
  Owner's capital, April 30 $20,700  
           
 (3) Beginning Balance Sheet

Renato's Travel Agency

Beginning Balance Sheet
Month Started April 1, 20XX
   
  Assets  
  Cash $0  
  Total Assets $0  
   
  Liabilities and Owner's Equity  
  Liabilities $0  
  Owner's Equity $0  
  Total liabilities and owner's equity $0  
           

(4) Final Balance Sheet

Renato's Travel Agency

Balance Sheet
For the Month Ended April 30, 20XX
   
  Assets  
  Cash $14,100  
  Accounts receivable $3,000  
  Supplies $800  
  Equipment $3,000  
  Total Assets $20,900  
   
  Liabilities and Owner's Equity  
  Liabilities  
  Accounts Payable $200  
  Owner's Equity  
  Owner's capital $20,700  
  Total liabilities and owner's equity $20,900  
           
(5) Cash flows Statement

Renato's Travel Agency

Statement of Cash Flows
Month Ended April 30, 20XX
   
  Cash flows from operating activities  
  Net Income $6,200
Adjustments to reconcile net income to
net cash provided by operating
  activities:  
  Increase in supplies $(800)  
  Increase in accounts payable $200  
  Increase in account receivable $(3,000) $(3,600)
Net cash provided by operating
  activities $2,600
  Cash flows from investing activities  
  Purchase of equipment $(3,000)
  Cash flows from financing activities  
  Investment by owner $15,000  
  Drawing by owner $500 $14,500
  Net Increase in cash $14,100
  Cash at the beginning of the period $0
  Cash at the end of the period $14,100