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    Rekon, Depreciation, and Fifo

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    m habiburrahman55
    1. The document contains a bank reconciliation for The Alto Company for the period ending January 31. It reconciles the balance per the bank statement of $18,989.20 to the company's adjusted records balance of $18,989.20 after accounting for deposits in transit, outstanding checks, and other reconciling items. 2. The document also contains calculations for depreciation of equipment under different methods - straight line, units of production, and double declining balance. It shows the depreciation expense for 4 years under each method. 3. The last part shows inventory records for a company over several dates in June including purchases, sales, and ending inventory with quantities and values. It calculates totals for

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    Rekon, Depreciation, and Fifo

    Uploaded by

    m habiburrahman55
    19 views3 pages
    1. The document contains a bank reconciliation for The Alto Company for the period ending January 31. It reconciles the balance per the bank statement of $18,989.20 to the company's adjusted records balance of $18,989.20 after accounting for deposits in transit, outstanding checks, and other reconciling items. 2. The document also contains calculations for depreciation of equipment under different methods - straight line, units of production, and double declining balance. It shows the depreciation expense for 4 years under each method. 3. The last part shows inventory records for a company over several dates in June including purchases, sales, and ending inventory with quantities and values. It calculates totals for

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    rekon, depreciation, and fifo

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    1. The document contains a bank reconciliation for The Alto Company for the period ending January 31. It reconciles the balance per the bank statement of $18,989.20 to the company's adjusted records balance of $18,989.20 after accounting for deposits in transit, outstanding checks, and other reconciling items. 2. The document also contains calculations for depreciation of equipment under different methods - straight line, units of production, and double declining balance. It shows the depreciation expense for 4 years under each method. 3. The last part shows inventory records for a company over several dates in June including purchases, sales, and ending inventory with quantities and values. It calculates totals for

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    19 views3 pages

    Rekon, Depreciation, and Fifo

    Uploaded by

    m habiburrahman55
    1. The document contains a bank reconciliation for The Alto Company for the period ending January 31. It reconciles the balance per the bank statement of $18,989.20 to the company's adjusted records balance of $18,989.20 after accounting for deposits in transit, outstanding checks, and other reconciling items. 2. The document also contains calculations for depreciation of equipment under different methods - straight line, units of production, and double declining balance. It shows the depreciation expense for 4 years under each method. 3. The last part shows inventory records for a company over several dates in June including purchases, sales, and ending inventory with quantities and values. It calculates totals for

    Copyright:

    © All Rights Reserved
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    of 3

    SOAL 1

    The Alto Company


    Rekonsiliasi Laporan Bank
    Periode 31 Januari
    Amount Amount
    Partculars (in $ Partculars (in $
    Balance as per Cash Book as on 31 March
    Balance as Per Bank Statement 17.924,55 2019 17.198,00
    Add: Note Collected by Bank along with
    Add: Cash Yet to be deposited 724,50 Interest 2.025,00
    Add: Deposit in Transit 951,75
    Deduct: Deduct :
    NSF Check Received 173,80
    Bank Charges 15,00
    Outstanding Checks -611,60 Customer Check Wrongly Recorded 45,00
    Adjusted Balance as Per Bank
    Statement 18.989,20 Adjusted Balance as Per Company's Records 18.989,20

    Journal:
    Date Account Dr Cr
    31-Mar Accounts Receivable 17.198
    Cash 17.198
    31-Mar Cash 2.025
    Notes Receivabke 2.025
    Interest 25
    31-Mar Bank Charges 15
    Cash 15
    31-Mar Accounts Receivable 45
    Cash 45

    SOAL 2
    1.Depreciation Under Stright Line Method
    Depreciation = (Cost of the Equipment – Salvage Value) / Usefull Life
    = ($ 320000 - $ 35000) /4 Years
    = $ 71250 year
    Depreciation Year 1 = $ 71250
    Depreciation Year 2 = $ 71250
    Depreciation Year 3 = $ 71250
    Depreciation Year 4 = $ 71250
    2.Depreciation Under Units of Production Method
    Depreciation = [(Cost of Equipment - Residual Value) / Estimated Total Hours] x Actual
    Hours
    Depreciation Year 1 = [ ($ 320000 - $ 35000) / 20000 Hours ] x 7200 Hours
    = $ 102600
    Depreciation Year 2 = [ ($ 320000 - $ 35000) / 20000 Hours ] x 6400 Hours
    = $ 91200
    Depreciation Year 3 = [ ($ 320000 - $ 35000) / 20000 Hours ] x 4400 Hours
    = $ 62700
    Depreciation Year 4 = [ ($ 320000 - $ 35000) / 20000 Hours ] x 2000 Hours
    = $ 28500
    Depreciation Year 1 = $ 102600
    Depreciation Year 2 = $ 91200
    Depreciation Year 3 = $ 62700
    Depreciation Year 4 = $ 28500
    3.Depreciation Under DDB Method
    Year Book Value Begining Double Declining Depreciation Net Book Value End
    1 $ 320000 $ 160000 $ 160000
    2 $ 160000 $ 80000 $ 80000
    3 $ 80000 $ 40000 $ 40000
    4 $ 40000 $ 5000 (b/f) $ 35000

    SOAL 3

    Purhcase Sales Ending Inventory


    Date
    Unit Harga Total Unit Harga Total Unit Harga Total
    01-Jun 300 10 3.000
    10-Jun 200 10 2.000 100 10 1.000
    11-Jun 800 11 8.800 100 10 1.000
    800 11 8.800
    15-Jun 100 10 1.000
    400 11 4.400 400 11 4.400
    20-Jun 500 13 6.500 400 11 4.400
    500 13 6.500
    27-Jun 250 11 2.750 150 11 1.650
    500 13 6.500
    TOTA
    L 1.300 15.300 950 10.150 1.000 8.150

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