Rika Ristiani - Akuntansi Keuangan Menengah 2 - TM-02

 

Nama : Rika Ristani NIM : 43219110197 Tugas : TM 02 Akunansi Keuangan Menengah 2

1). Menjelaskan akuntansi dengan jenis provisi yang berbeda

E13.12 (LO 2) (Warranties)

Soundgarden Ltd. sold 200 color laser copiers on July 10, 2022, for £4,000 apiece, together with a 1 year warranty. Maintenance on each copier during the warranty period is estimated to be £330. Jawab : (a) Cash (200 x £4,000……………………………………………………….. Sales…………………………………………………………………….

800,000 800,000

Warranty Expense………………………………………………………… Expense………………………………………………………… Cash, Inventorry, Accrued payroll……………………..

17,000

Warra War ranty nty Ex Expe pense nse (£66, (£66,000 000 - £17, £17,000 000)… )……… ………… ………… ………… ………. ….

49,0 49,000 00

17,000

Warranty Liability…………………………………………….

49,000

(200 x £330) (b) Cash…………………………………………………………………………….. Cash……………………………………………………………………………..

800,000

Sales………………………………………………………………….. Warr Wa rran anty ty Expen Expense se…… ………… ………… ………… ………… ………… ………… ………… ………… ………… ………… …….. .. Cash, Inventory, Accrued Payroll………………………..

800,000 17,0 17,000 00 17,000

2). Ident Identifik ifikasi asi kriteria kriteria yang digunakan digunakan untuk menjelaskan menjelaskan dan mengungkapkan mengungkapkan kewajiban dan

aset kontinjensi. P13.10 (LO 2, 3) (Litigation Claim: Entries and Essay)

On November 24, 2021, 26 passengers on Wong Airlines Flight No. 901 were injured upon landing when the plane skidded off the runway. Personal injury suits for damages totaling  NT$9,000,000 were filed on January 11, 2022, against the airline by 18 injured passengers. The airline carries no insurance. Legal counsel has studied each suit and advised Wong that it can reasonably expect to

 

 pay 60% of the damages claimed. The financial statements for the year ended December 31, 2021, were authorized for issuance on February 27, 2022. Instructions a. Prepar Preparee any disclo disclosur sures es and journal journal entries entries required required by the airli airline ne in prepar preparati ation on of the December 31, 2021, financial statements.  b. Ignoring the November 24, 2021, accident, what liability due to the risk of loss from lack  of insurance coverage should Wong Airlines record or disclose? During the past decade, the company company has experie experience nced d at least least one accident accident per year and incurr incurred ed average average damages of NT$3,200,000. Discuss fully. Jawab :

3). Mengindikasikan cara menyajikan dan menganalisis informasi terkait liabilitas

P13.9 (LO 2, 4) (Premium Entries and Financial Statement Presentation) Sycamore Candy offers an MP3 download (seven-single medley) as a premium for every five candy b bar ar wrappers

 

 presented by customers together with £2.50. The candy bars are sold by the company to distribut dist ributorsf orsfor or £0.30 each. The purchase purchase price of each download download code to the company company is £2.25. In addition, it costs £0.50 to distribute each code. The results of the premium plan for the years 2022 and 2023 are as follows. (All purchases and sales are for cash.

Instructions a. Prepare Prepare the journal journal entries entries that that should should be made made in 2022 2022 and 2023 2023 to record record the the transactions related to the premium plan of Sycamore Candy.  b. Indicate the account names, amounts, and classifications of the items related to the  premium plan that would appear on the statement of financial position and the income statement at the end of 2022 and 2023.

Answer :

 

C omputationof prem ium expense

240,000 Codes @ $2.25 each = ------Postage —240,000 X .50 =. ..............................

f 540,00D 120,000  

Less: Cash received — 24D,DDD X f 2. SD. ............

600,000

PremiumexpenseforMP3down|oads 60,000 issued........

f

 

Premium Expense.......................................................... Premium Liability..................................................

D

14,500 14,5DD

(To record the estimated liability for premium claims outstandingat 12/31/14) ”(290,000 - 5) X ($2.25 + $. 50 — $2.50)= $14,500

Inventory of Premiums..................................................

 

742, 500

  742, 500

(To record the purchase of 330,000 MP3 down loadsat /2.25 each) B23,080

Sales Revenue.......... Revenue...................................................... ............................................

823,D8D

(To recordthe sale of 2,743,600candy bars at 30 cents each) Cash ($750,00D — f 15D,DD0)

.....................

 

PF9MIU M Llgb IIIt}...................... IIIt}................................... ............. ............... ........................ .........

Premium Expense.............. ......................................... Inventory of Premiums

6DD,D00

.........

..........................

14,5D0

6D,5D0 .....

675,DDD

5)   X (To  record the  redemptionof   1,500,000  wrappers,the  receiptof   $75D,DD0 $75D,DD0   ({1 ({1  ,5OD OD,,DD0:—  5) $2.50], and the mailing of 300,000Codes .) Computational premium expense : $675,000

300,00D Codes @ }2.25 =.................................

 

150,000

825,000

 

Less: Cash received— (1,500,000 :— 5) X $2.50..................750,000 $2.50..................750,000 Premium expense for Codes issued...............................75,000

Less: Outstandingclaims at 12/31/14 charged to 2014 but redeemed in 2015..

 

Premium expense chargeable to 2015.............. Premium Expense.......................................................... Premium Lia

{350,000 + 5) x f12. 25 + $.50 — $2.50) = $17,500

14500

60 500 $ 17, 500 l7,5DO