1. Penyesuaian Terhadap Perkiraan
Problem Topik 4
Penyesuaian Terhadap Perkiraan

2. Debits Credits Cash $ 9,500 Notes Payable $ 20,000
P4-1 Salzer Grafics Company was organized on January 1, 2005, by Jill Salzer. At the end of first 6 months of operations, the trial balance contained the following account.
Debits
Cash $ 9,500
Accounts Receivable ,000
Equipment ,000
Insurance Expense ,800
Salaries Expense ,000
Supplies Expense ,700
Advertising Expense ,900
Rent Expense ,500
Utilities Expense ,700
$109,100
Credits
Notes Payable $ 20,000
Account Payable ,000
Jill Salzer, Capital ,000
Graphic Revenue ,100
Consulting Revenue ,000
$109,100

3. Analysis reveals the following additional data.
The $3,700 balance in Supplies Expense represent supplies –purchased in January. At June 30, $1,300 of supplies was on hand.
The note payable was issued on February 1. It is a 12%, 6-month note.
The balance in Insurance Expense in the premium on a one-year policy, dated March 1, 2005.
Consulting fees are credited to revenue when received. At June 30, consulting fees of $1,100 are unearned.
Graphic revenue earned but unrecorded at June 30 totals $2,000
Depreciation is $3,000 per year.

4. Instruction
Journalize the adjusting entries at June 30. (Assume adjustment are recorded every 6 months.)
Prepare an adjusted trial balance.
Prepare an income statement and owner’s equity statement for the 6 months ended June 30 and a balance sheet at June 30.

5. Solution 4-1

6. (b) SALZER GRAPHICS COMPANY Adjusted Trial Balance June 30, 2005

7. (c). SALZER GRAPHICS COMPANY. Income Statement
(c) SALZER GRAPHICS COMPANY Income Statement For the Six Months Ended June 30, 2005

8. SALZER GRAPHICS COMPANY. Owner’s Equity Statement
SALZER GRAPHICS COMPANY Owner’s Equity Statement For the Six Months Ended June 30, 2005

9. SALZER GRAPHICS COMPANY Balance Sheet June 30, 2005

10. Costello Advertising Agency
P4-2 Costello Advertising Agency was founded by John Costello in January of Presented on the next page are both the adjusted and unadjusted trial balances as of December 31, 2005.
Costello Advertising Agency
Trial Balance
December 31, 2005
Unadjusted
Adjusted
Dr.
Cr.
Cash
$ 11,000
Accounts Receivable
20,000
23,500
Art Supplies
8,600
5,000
Prepaid Insurance
3,350
2,500
Printing Equipment
60,000
Accumulated Depreciation
$ 28,000
$33,000
Accounts Payable
Interest Payable
-0-
150
Notes Payable
Unearned Advertising Fees
7,200
5,600
Salaries Payable
1,300
J. Costello, Capital
25,500
J. Costello, Drawing
12,000
Advertising Revenue
58,600
63,700
Salaries Expense
11,300
Insurance Expense
850
Interest Expense
350
500
Depreciation Expense
Art Supplies Expense
3,600
Rent Expense
4,000
$129,300
$139,250

11. Instructions
Journalize the annual adjusting entries that were made.
Prepare an income statement and a statement of owner's equity for the year ending December 31, 2005, and a balance sheet at December 31.
Answer the following questions.
(1) If note has been outstanding 6 months,
what is the annual interest rate on that note?
(2) If the company paid $14,500 in salaries in 2005,
what was the balance in Salaries Payable on
December 31, 2004

12. Solution 4-2

13. (b). COSTELLO ADVERTISING AGENCY. Income Statement
(b) COSTELLO ADVERTISING AGENCY Income Statement For the Year Ended December 31, 2005

14. COSTELLO ADVERTISING AGENCY. Owner’s Equity Statement
COSTELLO ADVERTISING AGENCY Owner’s Equity Statement For the Year Ended December 31, 2005

15. COSTELLO ADVERTISING AGENCY Balance Sheet December 31, 2005

16. (c) (1) I = P x R x T
$150 = $5,000 x R x 1/2
$150 = $2,500R
R =$150$2,500 R = 6%
(2) Salaries Expense, $11,300 less Salaries Payable 12/31/05, $1,300 = $10,000. Total payments, $14,500 – $10,000 = $4,500 Salaries Payable 12/31/04.

17. Cuono Company Account Number Debit Credit
P4-3 Joe Cuono started his own consulting firm, Cuono Company, on June 1,2005. The trial balance at June is as follows.
Cuono Company
Trial Balance
June 30, 2005
Account Number
Debit
Credit
100
Cash
$ 7,150
110
Accounts Receivable
6,000
120
Prepaid Insurance
3,000
130
Supplies
2,000
135
Office Equipment
15,000
200
Accounts Payable
$4,500
230
Unearned Service Revenue
4,000
300
J. Cuono, Capital
21,750
400
Service Revenue
7,900
510
Salaries Expense
520
Rent Expense
1,000
$38,150

18. In addition to those accounts listed on the trial balance, the chart of accounts for Cuono Company also contains the following accounts and account numbers: No. 136 Accumulated Depreciation-Office Equipment, No. 210 Utilities Payable, No. 220 Salaries Payable, No. 530 Depreciation Expense, No. 540 Insurance Expense, No. 550 Utilities Expense, and No. 560 Supplies Expense.
Other Data:
Supplies on hand at June 30 are $1,100.
A utility bill for $150 has not been recorded and will not be paid until next month.
The Insurance policy is for a year.
$2,500 of unearned service revenue has been earned at the end of the month.
Salaries of $1,500 are accrued at June 30.
The office equipment has a 5-year live with no salvage value. It is being depreciated at $250 per month for 60 months.
Invoice representing $2,000 of service performed during the month have not been recorded as of June 30.

19. Instructions
Prepare the adjusting entries for the month of June. Use J3 as the page number for your journal.
Post the adjusting entries to the ledger accounts. Enter the totals from the trial balance as beginning account balances and the place a check mark in the posting reference column.
Prepare an adjusted trial balance at June 30, 2005

20. Solution 4-3 (a) J3

21. Cash No. 100
Accounts Receivable No. 110
Prepaid Insurance No. 120

22. Supplies No. 130
Office Equipment No. 135
Accumulated Depreciation—Office Equipment No. 136

23. Accounts Payable No. 200
Salaries Payable No. 220
Unearned Service Revenue No. 230

24. J. Cuono, Capital No. 300
Service Revenue No. 400
Salaries Expense No. 510

25. Rent Expense No. 520
Depreciation Expense No. 530
Insurance Expense No. 540

26. Utilities Expense No. 550
Supplies Expense No. 560

27. (c) CUONO COMPANY Adjusted Trial Balance June 30, 2005