LATIHAN MIDTEST PPM MME 59

DOSEN : Dr Titik Aryati, Ak. CA

Multiple Choice:
1. Pada tanggal 1 Agustus 2015 perusahaan membayar Prepaid Insurance sebesar Rp 120 juta
untuk periode setahun yang dimulai pada 1 Agustus 2015. Bagaimanakah jurnal penyesuaian
pada 31 Desember 2015?
A. Prepaid Insurance.......120 juta
Cash ....... 120 juta
B. Insurance Expense ..... 50 juta
Prepaid Insurance ...... 50 juta
C. Insurance Expense ..... 70 juta
Prepaid Insurance ...... 70 juta
D. Tidak dijurnal
2. When prices are increasing which inventory method will produce the highest cost of goods
sold?
A. FIFO
B. LIFO
C. Weighted average cost
D. Cost of goods sold will not change
3. Gross profit rate is equal to.
A. Net sales divided by gross profit.
B. Gross sales divided by gross profit.
C. Gross profit divided by net sales.
D. Gross profit divided by gross sales.
4. In the statement of cash flows, the purchase of supplies is classified as:
A. Operating activities.
B. Financing activities.
C. Investing activities.
D. None of the above.
5. Which of the following does not decrease the cash flow from operating activities?
A. The prepayment of an expense.
B. The purchase of operating equipment.
C. The payment of interest.
D. All three decrease cash from operating activities.
6. Which of the following is an investing activity?
A. Purchase of equipment.
B. Payment of interest.
C. Issuing ordinary shares.
D. Issuing long-term debt.
7. Which of the following indicates a cash receipt?
A. A decrease in accrued expenses, such as wages payable.
B. A decrease in accounts receivable.
C. An increase in inventory.
D. A decrease in accounts payable.
8. The excess of current assets over current liabilities is called:
A. Current ratio
B. Working capital
C. Debt ratio
D. Quick ratio
 9. All of the following ratios are considered measures of profitability except:
A. Earnings per share
B. Gross profit rate
C. Price earnings ratio
D. Return on assets
10. The measures most often used in evaluating solvency--the current ratio, quick ratio, and
amount of working capital are developed from amounts appearing in the:
A. Balance sheet.
B. Income statement.
C. Statement of changes in equity.
D. Statement of cash flows.

Soal 1. Jurnal dan Jurnal Penyesuaian (35%)

Berikut ini adalah nama account perusahaan PT. ALAMANDA :

1 Cash 6 Salaries Payable

2 Accounts Receivable 7 Notes Payable
3 Land 8 Accounts Payable
4 Building 9 Share Capital
5 Office Equipment 10 Retained Earnings
Buatlah jurnal dari transaksi di bawah ini dengan menggunakan account yang sudah tersedia:
1 Feb 2015 : Dijual Tanah Rp 1.200 juta secara tunai.
1 Juni 2015 : Dibayar utang gaji sebesar Rp 40 juta
6 Juni 2015 : Dibeli Office Equipment Rp 250 juta, dibayar tunai Rp 100 juta, sisanya dengan
menerbitkan Utang wesel (Notes Payable).
6 Juli 2015 : Dibayar utang dagang sebesar Rp 120 juta.
15 Juli 2015 : Diterima Account Receivable Rp 60 juta.
20 Juli 2015: Dipinjam uang dari bank Rp 300 juta dengan menandatangani Notes yang akan di bayar
dalam periode enam bulan.

Jurnal Penyesuaian:
(a) Supplies Expense Rp 16 juta sebelum disesuaikan. Supplies yang masih ada (on hand) sebesar Rp
9 juta.
(b) Beban penyusutan equipment sebesar Rp 186 juta per tahun.
(c) Terdapat Revenue yang masih akan diterima sebesar Rp 120 juta pada akhir 2015.
(d) Beban gaji yang masih harus dibayar pada 31 Desember 2015 sebesar Rp 38 juta.

SOAL 2. Inventory (25%)

Kegin Company sells many products. Whamo is one of its popular items. Below is an analysis of the
inventory purchases and sales of Whamo for the month of March. Kegin Company uses the
perpetual inventory system.
Purchases Sales
Units Unit Cost Units Selling
Price/Unit
3/1 Beginning inventory 100 $40
3/3 Purchase 60 $50
3/4 Sales 70 $80
3/10 Purchase 200 $55
3/16 Sales 80 $90
3/19 Sales 60 $90
3/25 Sales 70 $90
3/30 Purchase 40 $60

Instructions
Jika menggunakan AVERAGE, hitunglah COGS,Ending Inventory dan Gross Profit.

Soal 3. Statement of Cash Flows

Empire Company uses the indirect method to prepare its statement of cash flows. The following
information has been gathered for the current period:

Gain on sale of land $1,500,000

Profit for the year $30,900,000
Depreciation expense $6,800,000
Cash received from sale of land $7,000,000
Decrease in accounts receivable $1,700,000
Increase in inventory $2,200,000
Decrease in accounts payable $2,900,000
Dividend paid $8,800,000

Hitunglah: Cash flows from Operating Activities dengan Indirect Method!

Soal 4. Financial Statement Analysis

Income statement data:

Sales $3,500
Cost of goods sold 1,890
Operating expenses 675
Profit $115

Balance sheet data:

Average total equity $540
Average total assets $4,400

Hitunglah:
a. Gross profit rate
b. Operating Profit
c. Return on Assets
d. Retun on Equity