Tugas Mandiri Pertemuan 1
Soal- soal
Current Liabilities and Payroll
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Petunjuk Pengerjaan Tugas Mandiri
Soal Tugas Mandiri (TM) dikerjakan secara berkelompok,
di tulis tangan pada kertas double folio dengan
rapi.Kelompok terdiri atas maksimal 3 orang anggota.
Dikumpulkan pada awal kuliah minggu/pertemuan
berikutnya.
Jawaban Soal TM yang sama, oleh mahasiswa secara
perorangan (individual) harus di “up load” pada forum
diskusi di binusmaya (LMS), pada kolom tugas. Up load
haryus sudah dilakukan paling lambat 7 hari setelah
pertemuan yang dimaksudkan.
Bila anda mengerjakan salah satunya saja atau tidak
keduanya maka anda dianggap tidak mengumpulkan TM
pada pertemuan yang dimaksudkan.
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SOAL TUGAS MANDIRI
E 11-4 Boone Company sells automatic can openers under a 75-day warranty for defective
merchandise. Based on past experience. Boone estimates that 3% of the units sold will become
defective during the warranty period. Management estimates that the average cost of replacing or
repairing a defective unit is $15. The units sold and units defective that occurred during the last 2
months of 2005 are as follows.
Units Defective
Month
Units Sold
Prior to December 31
November
December
30,000
32,000
600
400
Instructions
a. Determine the estimated warranty liability at Desember 31 for the units sold in November and
December,
b. Prepare the journal entries to record the estimated liability for warranties and the costs incurred
in honoring 1,000 warranty claims. (Assume actual costs of $15,000.)
c. Give the entry to record the honoring of 500 warranty contracts in January at an average cost of
$15.
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SOAL TUGAS MANDIRI
E 11-8 Betty Williams’ regular hourly wage rate is $14,00, and she receives a wage of 1½ times the
regular hourly rate for work in excess of 40 hours. During a March weekly pay period Betty worked
42 hours. Her gross earnings prior to the current week were $6,000. Betty is married and claims
three withholding allowances. Her only voluntary deduction is for group hospitalizatio n insurance at
$15,00 per week.
Instructions
a. Compute the following amounts for Betty’s wages for the current week.
(1) Gross earnings.
(2) FICA taxes. (Assume an 8% rate on maximum of $87,000,)
(3) Federal income taxes withheld. (Use the withholding table 1 below.)
(4) State income taxes withheld. (Assume a 2.0% rate.)
(5) Net pay.
b. Record Betty’s pay, assuming she is an office computer operator.
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Table 1
If the wages are___
But less
At least
than
0
1
And the number of withholding allowances claimed is____
2
3
4
5
6
7
8
The amount of income tax to be witheld is ________
9
10
490
500
510
520
530
500
510
520
530
540
56
57
59
60
62
48
49
51
52
54
40
42
43
45
46
32
34
35
37
38
24
26
27
29
30
17
18
20
21
23
9
10
12
13
15
1
3
4
6
7
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
540
550
560
570
580
550
560
570
580
590
63
65
66
68
69
55
57
58
60
61
48
49
51
52
54
40
41
43
44
46
32
33
35
36
38
24
26
27
29
30
16
18
19
21
22
9
10
12
13
15
1
2
4
5
7
0
0
0
0
0
0
0
0
0
0
590
600
610
620
630
600
610
620
630
640
71
72
74
75
77
63
64
66
67
69
55
57
58
60
61
47
49
50
52
53
39
41
42
44
45
32
33
35
36
38
24
25
27
28
30
16
18
19
21
22
8
10
11
13
14
1
2
4
5
7
0
0
0
0
0
640
650
660
670
680
650
660
670
680
690
78
80
81
83
84
70
72
73
75
76
63
64
66
67
69
55
56
58
59
61
47
48
50
51
53
39
41
42
44
45
31
33
34
36
37
24
25
27
28
30
16
17
19
20
22
8
10
11
13
14
0
2
3
5
6
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SOAL TUGAS MANDIRI
P 11-1A On Jamuary 1, 2005, the ledger of Shumway Software Company contains the following
liability accounts.
Accounts Payable
$42,500
Sales Taxes Payable
5,800
Unesrned Service Revenue
15,000
During January the following selected transactions occurred.
Jan. 1 Borrowed $15,000 in cash from Amsretdam Bank on a 4-month, 8%, $15,000 note.
5
12
14
20
25
Sold merchandise for cash totaling $10,400, which includes 4% sales taxes.
provided services for customers who had advance payments of $9,000. (Credit Service
Revenue.)
Paid state treasurer’s departement for sales taxes collected in December 2004, $5,800.
Sold 700 units of a new product on credit at $52 per unit, plus 4% sales taxes. This new
product is subject to a 1-year warranty.
Sold merchandise for cash totaling $12,480, which includes 4% sales taxes.
Instructions
a. Journalize the January transactions.
b. Journalize the adjusting antries at January 31 for (1) the outstanding notes payable, and (2)
estimated warranty lianility, assuming warranty costs are expected to equal 5% of sales of the
nwe product.
c. Prepare the current liabilities section of balance sheet at January 31, 2005. Assume no change
in accounts payable.
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