Siti Nur Apriyani - 2009102 - PAK-7A - Tugas 3 AKHOS

Nama : Siti Nur Apriyani Kelas : 7A Pendidikan Akuntansi
NIM : 2009102 Tugas 3 Akuntansi Hospitalitas
8-1 Information related to Giberto Pizza and Games is presented below.
1. On April 5, purchased merchandise from Allman Company for $20,000 terms 2/10,
net/30, FOB shipping point.
2. On April 6, paid freight costs of $900 on merchandise purchased from Allman
3. On April 7, purchased equipment on account for $26,000
4. On April 8, returned damaged merchandise to Allman Company and was granted a
$4,000 allowance for returned merchandise.
5. 5. On April 15, paid the amount due to Allman Company in full.
Instructions
(a) Prepare the journal entries to record these transactions on the books of Gilberto Pizza
and Games under a perpetual inventory system.
(b) Assume that Gilberto Pizza and Games paid the balance due to Allman Company on
May 4 instead of April 15. Prepare the journal entry to record this payment.
Answer :
A Date Account Debit Credit

05-Apr Merchandise Inventory $ 20.000
Acc. Payable $ 20.000
06-Apr Merchandise Inventory $ 900
Cash $ 900
07-Apr Equipment $ 26.000
08-Apr Acc. Payable $ 4.000
Merchandise Inventory $ 4.000
Cash $ 15.680
Merchandise Inventory $ 320
$ 66.900 $ 66.900
B Date Account Debit Credit

Cash $ 16.000
8-2 On September 1, Eden County Club had an inventory of 30 golf shirts at a cost of
$18 each. The company uses a perpetual inventory system. During September, the
following transcactions occurred.
Sept. 6 Purchased 80 golf shirts at $17 each from Mozart Co. for cash.
9 Paid freight of $80 on golf shirts purchased from Mozart Co.
10 Returned 2 golf shirts to Mozart Co. for $36 credit (including freight) because they
did not meet specifications.
12 Sold 26 golf shirts costing $18 (including freight) for $31 each to the Annual Golf
Tournament, terms n/30.
14 Granted credit of $31 to the Annual Golf Tournament for the return of one shirt
that was not ordered.
20 Sold 30 golf shirts costing $18 for $31 each to Mr. Sox, terms n/30.
Instructions
Journalize the September transactions.

Answer :
Date Account Debit Credit

06-Sep Merchandise Inventory $ 1.360
Cash $ 1.360
09-Sep Merchandise Inventory $ 80
Cash $ 80
10-Sep Cash $ 36
12-Sep Acc. Receivable $ 806
Sales $ 806
Cost Of Good Sold $ 468
14-Sep Sales Return & Allowances $ 31
Acc. Receivable $ 31
20-Sep Acc. Receivable $ 930
Sales $ 930
$ 4.269 $ 4.269
8-3 On June 10, Lippizan Crab Shack purchased $6,000 of merchandise from Bristol
Company FOB shipping point, terms 2/10, n/30. Lippizan pays the freight costs of
$400 on June 11. Damaged goods totaling $300 are returned to Bristol for credit on
June 12. The scrap value of these goods is $150. On June 19, Lippizan pays Bristol
Company in full, less the purchase discount. Both companies use a perpetual
inventory system.
Instructions
(a) Prepare separate entries for each transaction on the books of Lippizan.
(b) Prepare separate entries for each transaction for Bristol Company. The merchandise
purchased by Lippizan on June 10 had cost Bristol $3,000.
Answer :
A Date Account Debit Credit

10-Jun Merchandise Inventory $ 6.000
11-Jun Merchandise Inventory $ 400
Cash $ 400
12-Jun Acc. Payable $ 300
19-Jun Acc. Payable $ 5.700
Cash $ 5.586
$ 12.400 $ 12.400
B Date Account Debit Credit

10-Jun Acc. Receivable $ 6.000
Sales $ 6.000
Cost Of Good Sold $ 3.000
Merchandise Inventory $ 3.000
12-Jun Sales Return & Allowance $ 300
19-Jun Cash $ 5.586
Sales Diskon $ 114
Acc. Receivable $ 5.700
$ 15.150 $ 15.150
8-4 Presented below are transactions related to Rebecca Company.
1. On December 3, Rebecca Company sold $480 of merchandise to Simonis Putt Putt

Golf, terms 2/10, n/30, FOB shipping point. The cost of the merchandise sold was
$350.
2. On December 8, Simonis was granted an allowance of $27 for merchandise purchased
on December 3.
3. On December 13, Rebecca Company received the balance due from Simonis.
Instructions
(a) Prepare the journal entries to record these transactions on the books of Rebecca
Company using a perpetual inventory system.
(b) Assume that Rebecca Company received the balance due from Simonis Putt Putt Golf
on January 2 of the following year instead of on December 13. Prepare the journal
entry to record the receipt of payment on January 2.
Answer :

03-Dec Acc. Receivable $ 480
Sales $ 480
08-Dec Sales Return & Allowance $ 27
13-Dec Cash $ 444
Sales Discount $ 9
$ 1.310 $ 1.310

02-Jan Cash $ 453

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Nama : Siti Nur Apriyani Kelas : 7A Pendidikan Akuntansi

NIM : 2009102 Tugas 3 Akuntansi Hospitalitas

8-1 Information related to Giberto Pizza and Games is presented below.

A Date Account Debit Credit

B Date Account Debit Credit

following transcactions occurred.

9 Paid freight of $80 on golf shirts purchased from Mozart Co.

did not meet specifications.

Tournament, terms n/30.

that was not ordered.

Journalize the September transactions.

Date Account Debit Credit

A Date Account Debit Credit

B Date Account Debit Credit

8-4 Presented below are transactions related to Rebecca Company.

1. On December 3, Rebecca Company sold $480 of merchandise to Simonis Putt Putt

Date Account Debit Credit

Date Account Debit Credit

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