Completing the Accounting Cycle Chapter 4 Completing the Accounting Cycle Accounting, 21st Edition Warren Reeve Fess © Copyright 2004 South-Western, a division of Thomson Learning. All rights reserved. Task Force Image Gallery clip art included in this electronic presentation is used with the permission of NVTech Inc. PowerPoint Presentation by Douglas Cloud Professor Emeritus of Accounting Pepperdine University

7 Langkah dasar Siklus Akuntansi 1. Transaksi dianalisis dan dicatat dlm jurnal 2. Transaksi diposting ke Ledger 3. Menyusun Trial Balance, Jurnal Penyesuaian dan melengkapi Worksheet (optional) 4. Memposting Jurnal Penyesuaian ke Ledger 5. Menyusun Laporan Keuangan 6. Membuat Jurnal Penutup/clossing dan diposting 7. Menyusun Post-Clossing Trial Balance

Asset biasanya dibagi dalam 2 Jenis yaitu: Current Assets/Aktiva Lancar dan Fixed Assets/Aktiva Tetap

That’s correct. Cash and other assets that are expected to be converted into cash, sold, or used up usually in less than a year are current assets.

Well… besides cash, there’s notes receivable, accounts receivable, supplies, and other prepaid items. For example?

There are some exceptions, but that’s basically correct There are some exceptions, but that’s basically correct. Assets such as office equipment, machinery, buildings, and land would appear under that heading. So, assets that have a life over a year are listed under property, plant, and equipment.

Hutang yang jatuh tempo kurang dari 1 tahun disebut current liabilities. Accounts payable Wages payable Interest payable Unearned fees

Hutang yang Jatuh Temponya Lebih dari 1 tahun disebut long-term liabilities. Mortgage note payable Mortgage payable Bond payable

Untuk mempermudah penyusunan Undjusted Trial Balance menjadi suatu Laporan Keuangan bisa dibantu dengan WORK SHEET

The Work Sheet Trial Balance Adjustments Adjusted TB Accounts Dr Cr Dr Cr Dr Cr Berdasarkan data dari Ledger, dan disusun sesuai urutan: assets, liabilities, owner’s equity, revenues, and expenses.

Diisi berdasarkan jurnal Penyesuaian Ada 2 kemungkinan: The Work Sheet Trial Balance Adjustments Adjusted TB Accounts Dr Cr Dr Cr Dr Cr Diisi berdasarkan jurnal Penyesuaian Ada 2 kemungkinan: 1. Deferrals – mengurangi saldo sebelumnya 2. Accruals – Timbul informasi baru

The Work Sheet Trial Balance Adjustments Adjusted TB Accounts Dr Cr Dr Cr Dr Cr Adjustments are combined with the trial balance. Account balances are now adjusted.

Saldo Revenue dan Expense dipindahkan ke kolom Income Statement The Work Sheet St of Financial Position Income State. Accounts Dr Cr Dr Cr Saldo Revenue dan Expense dipindahkan ke kolom Income Statement

The Work Sheet St of Financial Position Income State. Accounts Dr Cr Dr Cr Saldo Asset, liability, owner’s equity, and drawing dipindahkan ke Statement of Financial Position column.

For the Two Months Ended December 31, 2005 NetSolutions Work Sheet For the Two Months Ended December 31, 2005 Adjusted Trial Balance Adjustments Trial Balance Account Title Debit Credit Debit Credit Debit Credit 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 Cash 2,065 Accounts Receivable 2,220 Supplies 2,000 Prepaid Insurance 2,400 Land 20,000 Office Equipment 1,800 Accounts Payable 900 Unearned Rent 360 Chris Clark, Capital 25,000 Chris Clark, Drawing 4,000 Fees Earned 16,340 Wages Expense 4,275 Rent Expense 1,600 Utilities Expense 985 Supplies Expense 800 Miscellaneous Expense 455 42,600 42,600 The Unadjusted Trial Balance

Adjusting entries adl Jurnal yang dibuat pada akhir periode akuntansi

Adjusting Entries Apabila Worksheet telah disiapkan maka data dalam jurnal penyesuaian dipindahkan pada Adjustments columns.

(a) The Supplies account has a debit of $2,000 (a) The Supplies account has a debit of $2,000. A count of supplies at the end of the period reveals that $760 is on hand. Therefore, $1,240 in supplies was used during the two-month period.

For the Two Months Ended December 31, 2005 NetSolutions Work Sheet For the Two Months Ended December 31, 2005 Adjusted Trial Balance Adjustments Trial Balance Account Title Debit Credit Debit Credit Debit Credit 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 Cash 2,065 Accounts Receivable 2,220 Supplies 2,000 Prepaid Insurance 2,400 Land 20,000 Office Equipment 1,800 Accounts Payable 900 Unearned Rent 360 Chris Clark, Capital 25,000 Chris Clark, Drawing 4,000 Fees Earned 16,340 Wages Expense 4,275 Rent Expense 1,600 Utilities Expense 985 Supplies Expense 800 Miscellaneous Expense 455 42,600 42,600 (a) 1,240 (a) 1,240

(b) The Prepaid Insurance account has a debit balance of $2,400, which represents prepayment of insurance for 24 months beginning December 1. Thus, the insurance expense for this month is $100 ($2,400 ÷ 24).

For the Two Months Ended December 31, 2005 NetSolutions Work Sheet For the Two Months Ended December 31, 2005 Adjusted Trial Balance Adjustments Trial Balance Account Title Debit Credit Debit Credit Debit Credit 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 Cash 2,065 Accounts Receivable 2,220 Supplies 2,000 (a) 1,240 Prepaid Insurance 2,400 Land 20,000 Office Equipment 1,800 Accounts Payable 900 Unearned Rent 360 Chris Clark, Capital 25,000 Chris Clark, Drawing 4,000 Fees Earned 16,340 Wages Expense 4,275 Rent Expense 1,600 Utilities Expense 985 Supplies Expense 800 (a) 1,240 Miscellaneous Expense 455 42,600 42,600 (b) 100 Insurance Expense (b) 100 Accounts are added as needed.

(c) The Unearned Rent account has a credit balance of $360, which represents the receipt of three-months’ rent beginning with December 1. Thus, the rent revenue for December is $120. FOR RENT

For the Two Months Ended December 31, 2005 NetSolutions Work Sheet For the Two Months Ended December 31, 2005 Adjusted Trial Balance Adjustments Trial Balance Account Title Debit Credit Debit Credit Debit Credit 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 Cash 2,065 Accounts Receivable 2,220 Supplies 2,000 (a) 1,240 Prepaid Insurance 2,400 (b) 100 Land 20,000 Office Equipment 1,800 Accounts Payable 900 Unearned Rent 360 Chris Clark, Capital 25,000 Chris Clark, Drawing 4,000 Fees Earned 16,340 Wages Expense 4,275 Rent Expense 1,600 Utilities Expense 985 Supplies Expense 800 (a) 1,240 Miscellaneous Expense 455 42,600 42,600 (c) 120 Insurance Expense (b) 100 Rent Revenue (c) 120

(d) Wages accrued but not paid at the end of December total $250.

For the Two Months Ended December 31, 2005 NetSolutions Work Sheet For the Two Months Ended December 31, 2005 Adjusted Trial Balance Adjustments Trial Balance Account Title Debit Credit Debit Credit Debit Credit 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 Cash 2,065 Accounts Receivable 2,220 Supplies 2,000 (a) 1,240 Prepaid Insurance 2,400 (b) 100 Land 20,000 Office Equipment 1,800 Accounts Payable 900 Unearned Rent 360 (c) 120 Chris Clark, Capital 25,000 Chris Clark, Drawing 4,000 Fees Earned 16,340 Wages Expense 4,275 Rent Expense 1,600 Utilities Expense 985 Supplies Expense 800 (a) 1,240 Miscellaneous Expense 455 42,600 42,600 (d) 250 Insurance Expense (b) 100 Rent Revenue (c) 120 Wages Payable (d) 250

(e) Fees accrued at the end of December, but not recorded, total $500.

For the Two Months Ended December 31, 2005 NetSolutions Work Sheet For the Two Months Ended December 31, 2005 Adjusted Trial Balance Adjustments Trial Balance Account Title Debit Credit Debit Credit Debit Credit 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 Cash 2,065 Accounts Receivable 2,220 Supplies 2,000 (a) 1,240 Prepaid Insurance 2,400 (b) 100 Land 20,000 Office Equipment 1,800 Accounts Payable 900 Unearned Rent 360 (c) 120 Chris Clark, Capital 25,000 Chris Clark, Drawing 4,000 Fees Earned 16,340 Wages Expense 4,275 (d) 250 Rent Expense 1,600 Utilities Expense 985 Supplies Expense 800 (a) 1,240 Miscellaneous Expense 455 42,600 42,600 (e) 500 (e) 500 Insurance Expense (b) 100 Rent Revenue (c) 120 Wages Payable (d) 250

(f) Depreciation of the office equipment is $50 for December.

For the Two Months Ended December 31, 2005 NetSolutions Work Sheet For the Two Months Ended December 31, 2005 Adjusted Trial Balance Adjustments Trial Balance Account Title Debit Credit Debit Credit Debit Credit 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 Cash 2,065 Accounts Receivable 2,220 (e) 500 Supplies 2,000 (a) 1,240 Prepaid Insurance 2,400 (b) 100 Land 20,000 Office Equipment 1,800 Accounts Payable 900 Unearned Rent 360 (c) 120 Chris Clark, Capital 25,000 Chris Clark, Drawing 4,000 Fees Earned 16,340 (e) 500 Wages Expense 4,275 (d) 250 Rent Expense 1,600 Utilities Expense 985 Supplies Expense 800 (a) 1,240 Miscellaneous Expense 455 42,600 42,600 Insurance Expense (b) 100 Rent Revenue (c) 120 Wages Payable (d) 250 Depreciation Expense (f) 50 Accum. Depreciation (f) 50

For the Two Months Ended December 31, 2005 NetSolutions Work Sheet For the Two Months Ended December 31, 2005 Adjusted Trial Balance Adjustments Trial Balance To make more space, let’s remove the heading. Account Title Debit Credit Debit Credit Debit Credit 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 Cash 2,065 Accounts Receivable 2,220 (e) 500 Supplies 2,000 (a) 1,240 Prepaid Insurance 2,400 (b) 100 Land 20,000 Office Equipment 1,800 Accounts Payable 900 Unearned Rent 360 (c) 120 Chris Clark, Capital 25,000 Chris Clark, Drawing 4,000 Fees Earned 16,340 (e) 500 Wages Expense 4,275 (d) 250 Rent Expense 1,600 Utilities Expense 985 Supplies Expense 800 (a) 1,240 Miscellaneous Expense 455 42,600 42,600 Insurance Expense (b) 100 Rent Revenue (c) 120 Wages Payable (d) 250 Depreciation Expense (f) 50 Accum. Depreciation (f) 50

Summed and ruled 31 Cash 2,065 Accounts Receivable 2,220 (e) 500 Adjusted Trial Balance Adjustments Trial Balance 31 Account Title Debit Credit Debit Credit Debit Credit 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 Cash 2,065 Accounts Receivable 2,220 (e) 500 Supplies 2,000 (a) 1,240 Prepaid Insurance 2,400 (b) 100 Land 20,000 Office Equipment 1,800 Accounts Payable 900 Unearned Rent 360 (c) 120 Chris Clark, Capital 25,000 Chris Clark, Drawing 4,000 Fees Earned 16,340 (e) 500 Wages Expense 4,275 (d) 250 Rent Expense 1,600 Utilities Expense 985 Supplies Expense 800 (a) 1,240 Miscellaneous Expense 455 42,600 42,600 Insurance Expense (b) 100 Rent Revenue (c) 120 Wages Payable (d) 250 Depreciation Expense (f) 50 Accum. Depreciation (f) 50 2,260 2,260 Summed and ruled

Jumlahkan saldo Unadjusted Trial Balance dan Adjusment = Adjusted Trial Balance

33 Cash 2,065 Accounts Receivable 2,220 (e) 500 Adjusted Trial Balance Adjustments Trial Balance 33 Account Title Debit Credit Debit Credit Debit Credit 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 Cash 2,065 Accounts Receivable 2,220 (e) 500 Supplies 2,000 (a) 1,240 Prepaid Insurance 2,400 (b) 100 Land 20,000 Office Equipment 1,800 Accounts Payable 900 Unearned Rent 360 (c) 120 Chris Clark, Capital 25,000 Chris Clark, Drawing 4,000 Fees Earned 16,340 (e) 500 Wages Expense 4,275 (d) 250 Rent Expense 1,600 Utilities Expense 985 Supplies Expense 800 (a) 1,240 Miscellaneous Expense 455 42,600 42,600 Insurance Expense (b) 100 Rent Revenue (c) 120 Wages Payable (d) 250 Depreciation Expense (f) 50 Accum. Depreciation (f) 50 2,260 2,260

34 Cash 2,065 2,065 Accounts Receivable 2,220 (e) 500 2,720 Adjusted Trial Balance Adjustments Trial Balance 34 Account Title Debit Credit Debit Credit Debit Credit 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 Cash 2,065 2,065 Accounts Receivable 2,220 (e) 500 2,720 Supplies 2,000 (a) 1,240 760 Prepaid Insurance 2,400 (b) 100 2,300 Land 20,000 20,000 Office Equipment 1,800 1,800 Accounts Payable 900 900 Unearned Rent 360 (c) 120 240 Chris Clark, Capital 25,000 25,000 Chris Clark, Drawing 4,000 4,000 Fees Earned 16,340 (e) 500 16,840 Wages Expense 4,275 (d) 250 4,525 Rent Expense 1,600 1,600 Utilities Expense 985 985 Supplies Expense 800 (a) 1,240 2,040 Miscellaneous Expense 455 455 42,600 42,600 Insurance Expense (b) 100 100 Rent Revenue (c) 120 120 Wages Payable (d) 250 250 Depreciation Expense (f) 50 50 Accum. Depreciation (f) 50 50 2,260 2,260 43,400 43,400

To make room on the slides for the Income statement and Statement of Financial Position columns, the Trial Balance and Adjustments columns have been removed.

38 Cash 2,065 Accounts Receivable 2,720 Supplies 760 Adjusted Trial Balance Income Statement St of Fin Position 38 Account Title Debit Credit Debit Credit Debit Credit 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 Cash 2,065 Accounts Receivable 2,720 Supplies 760 Prepaid Insurance 2,300 Land 20,000 Office Equipment 1,800 Accounts Payable 900 Unearned Rent 240 Chris Clark, Capital 25,000 Chris Clark, Drawing 4,000 Fees Earned 16,840 Wages Expense 4,525 Rent Expense 1,600 Utilities Expense 985 Supplies Expense 2,040 Miscellaneous Expense 455 Insurance Expense 100 Rent Revenue 120 Wages Payable 250 Depreciation Expense 50 Accum. Depreciation 50 43,400 43,400

Pindahkan Saldo dari Adjusted Trial Bal ke kolom Income Statement n Statement of Financial Position

40 Cash 2,065 2,065 Accounts Receivable 2,720 2,720 Supplies 760 760 Adjusted Trial Balance Income Statement St of Fin Position 40 Account Title Debit Credit Debit Credit Debit Credit 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 Cash 2,065 2,065 Accounts Receivable 2,720 2,720 Supplies 760 760 Prepaid Insurance 2,300 2,300 Land 20,000 20,000 Office Equipment 1,800 1,800 Accounts Payable 900 900 Unearned Rent 240 240 Chris Clark, Capital 25,000 25,000 Chris Clark, Drawing 4,000 4,000 Fees Earned 16,840 16,840 Wages Expense 4,525 4,525 Rent Expense 1,600 1,600 Utilities Expense 985 985 Supplies Expense 2,040 2,040 Miscellaneous Expense 455 455 Insurance Expense 100 100 Rent Revenue 120 120 Wages Payable 250 250 Depreciation Expense 50 50 Accum. Depreciation 50 50 43,400 43,400

Jumlahkan empat kolom tersebut

42 Net Income Cash 2,065 2,065 Accounts Receivable 2,720 2,720 Adjusted Trial Balance Income Statement St of Fin Position 42 Account Title Debit Credit Debit Credit Debit Credit 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 Cash 2,065 2,065 Accounts Receivable 2,720 2,720 Supplies 760 760 Prepaid Insurance 2,300 2,300 Land 20,000 20,000 Office Equipment 1,800 1,800 Accounts Payable 900 900 Unearned Rent 240 240 Chris Clark, Capital 25,000 25,000 Chris Clark, Drawing 4,000 4,000 Fees Earned 16,840 16,840 Wages Expense 4,525 4,525 Rent Expense 1,600 1,600 Utilities Expense 985 985 Supplies Expense 2,040 2,040 Miscellaneous Expense 455 455 Insurance Expense 100 100 Rent Revenue 120 120 Wages Payable 250 250 Depreciation Expense 50 50 Accum. Depreciation 50 50 43,400 43,400 9,755 16,960 33,645 26,440 Net Income 7,205 7,205 16,960 16,960 33,645 33,645

Perbedaan pada kolom Income Statement merupakan Net Income(Loss)

Perbedaan pada Kolom Statement of Financial Position = Net Income (Loss) pada periode tersebut

Income Statement St of Financ Position 9,755 16,960 33,645 26,440 7,205 7,205 16,960 16,960 33,645 33,645 Net Income Net Income

NetSolutions Income Statement For Two Months Ended December 31, 2005 Fees earned $16,840 Rent revenue 120 Total revenues $16,960 Expenses: Wages expense $ 4,525 Supplies expense 2,040 Rent expense 1,600 Utilities expense 985 Insurance expense 100 Depreciation expense 50 Miscellaneous expense 455 Total expenses 9,755 Net income $ 7,205 Semua Akun berasal dari kolom Income Statement pada Worksheet

Either from the income statement or the work sheet. NetSolutions Statement of Owner’s Equity For the Two Months Ended December 31, 2005 Chris Clark, Capital, November 1, 2005 $ 0 Investment on November 1, 2005 $25,000 Net income for November and December 7,205 $32,205 Less withdrawals 4,000 Increase in owner’s equity 28,205 Chris Clark, Capital, December 31, 2005 $28,205 Either from the income statement or the work sheet. From the Statement of Financial Position debit column of the work sheet.

NetSolutions Statement of Financial Position December 31, 2005 Assets Liabilities Current assets: Current liabilities: Cash $ 2,065 Accounts payable $900 Accounts receivable 2,720 Wages payable 250 Supplies 760 Unearned rent 240 Prepaid insurance 2,300 Total liabilities $ 1,390 Total current assets $ 7,845 Property, plant, and equipment: Land $20,000 Office equip. $1,800 Less accum. depreciation 50 1,750 Owner’s Equity Total property, plant Chris Clark, Capital 28,205 and equipment 21,750 Total liabilities and Total assets $29,595 owner’s equity $29,595 From the Statement of Owner’s Equity

Clossing Entries Clossing entries (Jurnal Penutup) adl Jurnal yang dibuat pada akhir periode akuntansi

Fungsi Clossing entries adl Menutup Saldo perkiraan sementara/nominal

Dalam proses penutupan digunakan perkiraan “INCOME SUMMARY” Clossing Entries Dalam proses penutupan digunakan perkiraan “INCOME SUMMARY”

Langkah2 Clossing Entries Menutup Perkiraan Revenue Menutup Perkiraan Expenses Menutup Perkiraan Income Summary Menutup Perkiraan Drawing/ Withdrawal

Akun Income Summary tidak akan muncul dlm financial statements. The Closing Process Income Summary 2 Menutup Expenses ke Income Summary 1 Menutup Revenue ke Income Summary 3 Net Income or Net Loss is transferred to Owner’s Capital Akun Income Summary tidak akan muncul dlm financial statements. OWNER’S CAPITAL 4 Menutup Drawing ke Owner’s Capital

Miscellaneous Expense The Closing Process Wages Expense Bal. 4,525 Rent Expense Bal. 1,600 Depreciation Expense Bal. 50 Utilities Expense Bal. 985 Supplies Expense Bal. 2,040 Insurance Expense Bal. 100 Miscellaneous Expense Bal. 455 Fees Earned Bal. 16,840 Income Summary Rent Revenue Bal. 120 Note: Saldo tersebut adl Saldo sebelum penutupan Chris Clark, Capital Bal. 25,000 Chris Clark, Drawing Bal. 4,000

The Closing Process Close Revenues Fees Earned 16.840 Rent Revenue 120 Step 1 Fees Earned 16.840 Rent Revenue 120 Income Summary 16.960 Fees Earned Bal. 16,840 Income Summary 16,840 16,960 Rent Revenue 120 Bal. 120

Close Expenses Income Summary 9,775 Wages Expense 4,525 Rent Expense 1,600 Depreciation Expense 50 Utilities Expense 985 Supplies Expense 2040 Insurance Expense 100 Miscellaneous Expense 455

Miscellaneous Expense Close Expenses Wages Expense Bal. 4,525 Rent Expense Bal. 1,600 Depreciation Expense Bal. 50 Utilities Expense Bal. 985 Supplies Expense Bal. 2,040 Insurance Expense Bal. 100 Miscellaneous Expense Bal. 455 Step 2 455 100 2,040 985 50 1,600 4,525 Income Summary 9,775 16,960

Close Income Summary Income Summary 7,205 Chris Carlk, Capital 7,205 Step 3 Income Summary 7,205 Chris Carlk, Capital 7,205

Close Income Summary Step 3 Income Summary 9,775 16,960 7,205 Chris Clark, Capital Bal. 25,000 Chris Clark, Drawing Bal. 4,000 7,205

Close Drawing Chris Carlk, Capital 4,000 Chris Carlk, Drawing 4,000 Step 4 Chris Carlk, Capital 4,000 Chris Carlk, Drawing 4,000 Chris Clark, Capital Bal. 25,000 Chris Clark, Drawing Bal. 4,000 4,000 7,205 4,000

Miscellaneous Expense Review of the Closing Process Wages Expense Bal. 4,525 Rent Expense Bal. 1,600 Depreciation Expense Bal. 50 Utilities Expense Bal. 985 Supplies Expense Bal. 2,040 Insurance Expense Bal. 100 Miscellaneous Expense Bal. 455 Fees Earned Bal. 16,840 Rent Revenue Bal. 120 16,480 120 445 100 2,040 985 50 1,600 4,525 4,525 1,600 50 985 2,040 100 455 Income Summary 16,840 120 16,960 9,775 9,775 16,960 7,205 7,205 Chris Clark, Capital Bal. 25,000 Chris Clark, Drawing Bal. 4,000 Close Revenues 4,000 4,000 Close Expenses 7,205 7,205 Close Income Summary Close Drawing 4,000 4,000

Setelah Jurnal Penutup dibuat dan diposting maka Saldo Perkiraan Nominal = 0

Post-closing Trial Balance NetSolutions Post-Closing Trial Balance December 31, 2005 Cash 2 065 00 Accounts Receivable 2 720 00 Supplies 760 00 Prepaid Insurance 2 300 00 Land 20 000 00 Office Equipment 1 800 00 Accumulated Depreciation 50 00 Accounts Payable 900 00 Wages Payable 250 00 Unearned Rent 240 00 Chris Clark, Capital 28 205 00 29 645 00 29 645 00

2. Semua Acrrued Account (Revenue/Expense) REVERSING ENTRY Jurnal Pembalik adl: Jurnal yang dibuat pada AWAL periode berikutnya Fungsinya: membalik jurnal penyesuaian atas: 1. Defferred Account (Revenue/Expense) yang dicatat dengan pendekatan Nominal 2. Semua Acrrued Account (Revenue/Expense)

Ciri-ciri Jurnal Penyesuaian yang harus di-Reverse: REVERSING ENTRY Jurnal Pembalik Ciri-ciri Jurnal Penyesuaian yang harus di-Reverse: Adanya Akun Expense DIKREDIT Adanya Akun Revenue DIDEBIT Adanya Akun PAYABLE Adanya Akun RECEIVABLE

Financial Analysis for NetSolutions Working Capital = Current Assets – Current Liabilities Working Capital = $7,845 – $1,390 Working Capital = $6,455

Financial Analysis for NetSolutions Current Ratio = Current Assets ÷ Current Liabilities Current Ratio = $7,845 ÷ $1,390 Current Ratio = 5.6

Financial Analysis for NetSolutions This ratio implies that NetSolutions is able to pay its current liabilities.

Financial Analysis for NetSolutions Current ratio = Current Assets ÷ Current Liabilities Current ratio = $7,845 ÷ $1,390 Current ratio = 5.6

Financial Analysis for NetSolutions NetSolutions can use the current ratio to make comparisons across companies and with industry averages.

Chapter 4 The End