1. 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

2. 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

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

4. 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.

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

6. 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.

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

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

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

10. 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.

11. 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

12. 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.

13. 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

14. 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.

15. 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

16. Adjusting entries adl Jurnal yang dibuat pada akhir periode akuntansi

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

18. (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.

19. 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

20. (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).

21. 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)
Insurance Expense (b) 100
Accounts are added as needed.

22. (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

23. 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) 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)
Insurance Expense (b) 100
Rent Revenue (c) 120

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

25. 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) Land 20,000
Office Equipment 1,800
Accounts Payable 900
Unearned Rent 360 (c)
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)
Insurance Expense (b) 100
Rent Revenue (c)
Wages Payable (d)

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

27. 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) Land 20,000
Office Equipment 1,800
Accounts Payable 900
Unearned Rent 360 (c)
Chris Clark, Capital 25,000
Chris Clark, Drawing 4,000
Fees Earned 16,340
Wages Expense 4,275 (d)
Rent Expense 1,600
Utilities Expense 985
Supplies Expense 800 (a) 1,240
Miscellaneous Expense 455
42,600 42,600
(e)
(e)
Insurance Expense (b) 100
Rent Revenue (c)
Wages Payable (d)

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

29. 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)
Supplies 2,000 (a) 1,240
Prepaid Insurance 2,400 (b) Land 20,000
Office Equipment 1,800
Accounts Payable 900
Unearned Rent 360 (c)
Chris Clark, Capital 25,000
Chris Clark, Drawing 4,000
Fees Earned 16,340 (e) 500
Wages Expense 4,275 (d)
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)
Wages Payable (d)
Depreciation Expense (f)
Accum. Depreciation (f)

30. 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)
Supplies 2,000 (a) 1,240
Prepaid Insurance 2,400 (b) Land 20,000
Office Equipment 1,800
Accounts Payable 900
Unearned Rent 360 (c)
Chris Clark, Capital 25,000
Chris Clark, Drawing 4,000
Fees Earned 16,340 (e) 500
Wages Expense 4,275 (d)
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)
Wages Payable (d)
Depreciation Expense (f)
Accum. Depreciation (f)

31. 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)
Supplies 2,000 (a) 1,240
Prepaid Insurance 2,400 (b) Land 20,000
Office Equipment 1,800
Accounts Payable 900
Unearned Rent 360 (c)
Chris Clark, Capital 25,000
Chris Clark, Drawing 4,000
Fees Earned 16,340 (e) 500
Wages Expense 4,275 (d)
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)
Wages Payable (d)
Depreciation Expense (f)
Accum. Depreciation (f)
2,260 2,260
Summed and ruled

32. Jumlahkan saldo Unadjusted Trial Balance dan Adjusment = Adjusted Trial Balance

33. 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)
Supplies 2,000 (a) 1,240
Prepaid Insurance 2,400 (b) Land 20,000
Office Equipment 1,800
Accounts Payable 900
Unearned Rent 360 (c)
Chris Clark, Capital 25,000
Chris Clark, Drawing 4,000
Fees Earned 16,340 (e) 500
Wages Expense 4,275 (d)
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)
Wages Payable (d)
Depreciation Expense (f)
Accum. Depreciation (f)
2,260 2,260

34. 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
Accounts Receivable 2,220 (e) ,720
Supplies 2,000 (a) 1,
Prepaid Insurance 2,400 (b) ,300 Land 20, ,000
Office Equipment 1, ,800
Accounts Payable
Unearned Rent 360 (c)
Chris Clark, Capital 25, ,000
Chris Clark, Drawing 4, ,000
Fees Earned 16,340 (e) ,840
Wages Expense 4,275 (d) ,525
Rent Expense 1, ,600
Utilities Expense
Supplies Expense 800 (a) 1,240 2,040
Miscellaneous Expense
42,600 42,600
Insurance Expense (b)
Rent Revenue (c)
Wages Payable (d)
Depreciation Expense (f)
Accum. Depreciation (f)
2,260 2,260 43,400 43,400

35. 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.

36. 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, 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 ,400 43,400

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

38. 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
Accounts Receivable 2, ,720
Supplies
Prepaid Insurance 2, ,300
Land 20, ,000
Office Equipment 1, ,800
Accounts Payable
Unearned Rent
Chris Clark, Capital 25, ,000 Chris Clark, Drawing 4, ,000
Fees Earned 16, ,840
Wages Expense 4,525 4,525
Rent Expense 1,600 1,600
Utilities Expense
Supplies Expense 2,040 2,040
Miscellaneous Expense
Insurance Expense
Rent Revenue
Wages Payable
Depreciation Expense
Accum. Depreciation ,400 43,400

39. Jumlahkan empat kolom tersebut

40. 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
Accounts Receivable 2, ,720
Supplies
Prepaid Insurance 2, ,300
Land 20, ,000
Office Equipment 1, ,800
Accounts Payable
Unearned Rent
Chris Clark, Capital 25, ,000 Chris Clark, Drawing 4, ,000
Fees Earned 16, ,840
Wages Expense 4,525 4,525
Rent Expense 1,600 1,600
Utilities Expense
Supplies Expense 2,040 2,040
Miscellaneous Expense
Insurance Expense
Rent Revenue
Wages Payable
Depreciation Expense
Accum. Depreciation ,400 43,400 9,755 16,960 33,645 26,440
Net Income
7,205
7,205
16,960
16,960
33, ,645

41. Perbedaan pada kolom Income Statement merupakan Net Income(Loss)

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

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

44. NetSolutions Income Statement For Two Months Ended December 31, 2005
Fees earned $16,840
Rent revenue 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

45. 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, $
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, $28,205
Either from the income statement or the work sheet.
From the Statement of Financial Position debit column of the work sheet.

46. 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 Unearned rent 240
Prepaid insurance ,300 Total liabilities $ 1,390
Total current assets $ 7,845
Property, plant, and
equipment:
Land $20,000
Office equip. $1,800
Less accum.
depreciation , Owner’s Equity
Total property, plant Chris Clark, Capital 28,205
and equipment ,750 Total liabilities and
Total assets $29,595 owner’s equity $29,595
From the Statement of Owner’s Equity

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

48. Fungsi Clossing entries adl Menutup Saldo perkiraan sementara/nominal

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

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

51. 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

52. 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

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

54. Close Expenses
Income Summary 9,775
Wages Expense 4,525
Rent Expense 1,600
Depreciation Expense
Utilities Expense
Supplies Expense
Insurance Expense
Miscellaneous Expense

55. 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

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

57. 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

58. 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

59. 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

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

61. Post-closing Trial Balance
NetSolutions
Post-Closing Trial Balance
December 31, 2005
Cash
Accounts Receivable
Supplies
Prepaid Insurance
Land
Office Equipment
Accumulated Depreciation
Accounts Payable
Wages Payable
Unearned Rent
Chris Clark, Capital

62. 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)

63. 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

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

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

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

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

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

69. Chapter 4
The End