JURNAL PENYESUAIAN UD ABADI - PEMBAHASAN SOAL UKK AKUNTANSI PAKET 1 TAHUN 2024

Summary

In this educational video, Ibu Sumiati guides viewers through the process of preparing adjustment journals for UD Abadi's financial records for the 2023-2024 academic year. The video covers a range of adjustments, including inventory, rent, insurance, depreciation, wages, taxes, and VAT. Using real-world examples, Sumiati demonstrates how to handle discrepancies in accounts, calculate allowances for doubtful debts, and apply taxes. The step-by-step breakdown ensures viewers understand the critical concepts of financial adjustments, emphasizing the importance of accurate record-keeping in accounting.

Takeaways

• 😀 The video explains how to prepare adjusting journal entries for the 2023-2024 academic year, specifically for UD Abadi.
• 😀 It covers adjustments based on trial balance discrepancies, such as inventory, insurance, depreciation, and salaries.
• 😀 Journal entries are made for inventory adjustments, where the physical count of store supplies differs from the recorded value in the trial balance.
• 😀 The video explains how to adjust rental expenses, prepaid insurance, and the allowance for doubtful accounts based on calculations.
• 😀 Adjustments are made to recognize rent and insurance expenses that had been prepaid for the month of December 2022.
• 😀 The video illustrates how to calculate and adjust the allowance for doubtful accounts, using a 2.5% estimation of accounts receivable.
• 😀 Depreciation expenses for equipment are adjusted by recording depreciation based on the monthly period ending in December.
• 😀 Accrued salaries for December are recorded as a liability since they were due to be paid in January 2023.
• 😀 The process includes adjusting VAT income and output, reflecting accurate tax liabilities as of the end of December 2022.
• 😀 The video covers income tax adjustments, explaining how the 0.5% sales tax rate is applied to December’s gross sales to calculate tax payable.

Q & A

What is the topic of the video?

The video explains the process of creating adjusting journal entries for a 2023-2024 academic year exam (UKK) using the example of UD Abadi's financial records.

What is the purpose of creating adjusting journal entries?

Adjusting journal entries are made to ensure that the financial records reflect accurate and up-to-date information, correcting discrepancies between the general ledger and actual balances.

What is the adjustment related to store supply in the journal entry?

The adjustment is made because the store supply balance in the trial balance is Rp 10,300,000, but after checking physically, the actual value is Rp 11,625,000, resulting in an adjustment of Rp 1,325,000.

How is the adjustment for rental expenses handled?

For rental expenses, an adjustment of Rp 1,000,000 is made, where the rental expense account is debited and the prepaid rental account is credited.

What is the adjustment for insurance expenses?

An adjustment of Rp 1,250,000 is made for insurance expenses by debiting insurance expense and crediting prepaid insurance.

What does the allowance for doubtful accounts adjustment reflect?

The adjustment reflects a reduction in the allowance for doubtful accounts. The calculated estimate is Rp 6,150,000, but the existing allowance is Rp 12,800,000, creating an overestimation of Rp 6,650,000, which is corrected.

How is the equipment depreciation adjustment recorded?

The equipment depreciation for December, totaling Rp 700,000, is recorded by debiting depreciation expense and crediting accumulated depreciation.

What is the adjustment for unpaid salaries?

The adjustment for unpaid salaries of Rp 3,550,000 is recorded by debiting wages and salaries expense and crediting wages payable.

What happens to the PPN (VAT) accounts in the adjusting entries?

The PPN income and outcome accounts are reversed, with the outcome being debited and the income being credited, and the net difference of Rp 32,850,000 is moved to the PPN payable account.

How is the income tax adjustment handled?

The income tax adjustment is calculated at 0.5% of the gross sales for December, which equals Rp 3,625,000. This amount is recorded by debiting income tax expense and crediting income tax payable.