Transaksi dan acara selama bulan pertama perwalian Cam dijelaskan dan entri

jurnal untuk mencatatnya dalam buku-buku perwalian diilustrasikan sebagai berikut:

1. A previously unrecorded utility bill for $500 is received.

Estate equity (-EE) 500

Utilities payable—new (+L) 500
2. Intangible assets are deemed worthless and are written off.

Estate equity (-EE) 6,000

Intangible assets (-A) 6,000
3. All inventory items are sold for $48,000, of which $18,000 is on account and $30,000
is in cash.

Cash (+A) 30,000

Accounts receivable—new (+A) 18,000
Estate equity (-EE) 2,000
Inventories (-A) 50,000
4. The equipment is sold for $14,200 cash.

Cash (+A) 14,200

Estate equity (-EE) 15,800
Equipment (-A) 30,000
5. Wages and property taxes owed on August 1 (priority liabilities) are paid.

Wages payable (-L) 13,000

Property taxes payable (-L) 2,000
Cash (-A) 15,000
6. Land and building are sold for $64,000 cash, and the mortgage payable and related
interest are paid.

Cash (+A) 64,000

Land (-A) 15,000
Building (-A) 40,000
Estate equity (+EE) 9,000

Mortgage payable (-L) 50,000

Interest payable (-L) 5,000
Cash (-A) 55,000

7. Insurance policies (included in prepaid expenses) are canceled, and a $1,000 cash
refund is received.

Cash (+A) 1,000

Prepaid expenses (-A) 1,000
 8. Accounts receivable of $21,000 are collected from the amounts owed to Cam at
August 1. The remaining $4,000 is uncollectible.

Cash (+A) 21,000

Estate equity (-EE) 4,000
Accounts receivable (-A) 25,000
9. The $21,000 received on account is applied to the bank note payable and related
interest.

Interest payable (-L) 2,000

Note payable—bank (-L) 19,000
Cash (-A) 21,000
10. Estate administration expenses of $3,000 are paid.

Estate equity (-EE) 3,000

Cash (-A) 3,000
11. Trustee fees of $2,000 are accrued.

Estate equity (-EE) 2,000

Trustee’s fee payable—new (+L) 2,000

Setelah transaksi dan peristiwa yang terjadi hingga 31 Agustus dimasukkan ke

dalam buku wali, laporan keuangan dapat disiapkan sesuai kebutuhan untuk menunjukkan
kemajuan menuju likuidasi dan posisi keuangan pada tanggal tersebut.

PERNYATAAN PENERIMAAN DAN PEMBIAYAAN KAS

Laporan penerimaan dan pengeluaran kas disiapkan langsung dari entri dalam rekening
kas. Itu muncul dalam bentuk ringkasan di sini.

CASH

Balance, August 1, 2017 $ 3,000 Wages and property taxes $ 15,000

Inventory items sold 30,000 Mortgage & interest payment 55,000

Equipment sold 14,200 Bank notes & interest 21,000

Land and building sold 64,000 Administrative expenses 3,000

Insurance refund 1,000 Balance forward 39,200

Accounts receivable 21,000 $133,200

$133,200

Balance, August 31, 2017 $ 39,200

Semua pengeluaran memerlukan persetujuan pengadilan, sehingga pernyataan

tersebut harus merupakan ringkasan keuangan yang berguna.
PERNYATAAN PERUBAHAN EKUITAS ESTAT

Akun ekuitas real dalam bentuk ringkasan adalah sebagai berikut:

ESTATE EQUITY (DEFICIT)

Utility bill discovered $ 5,00 August 1, 2017, balance $ 13,000

Intangibles written off 6,000 Land and Building gain 9,000

Inventory loss 2,000

Equipment loss 15,800

Accounts receivable written off 4,000

Administrative expenses 3,000

Trustee’s fee 2,000 Balance forward 11,300

$ 33,300 $ 33,300

Balance, August 31, 2017 $ 11,300

CAM CORPORATION IN TRUSTEESHIP STATEMENT OF CASH RECEIPTS AND

DISBURSEMENTS FROM AUGUST 1 TO AUGUST 31, 2017
Cash balance, August 1, 2017 $3,000
Add: Cash receipts
Sale of inventory items $30,000
Sale of equipment 14,200
Sale of land and building 64,000
Refund from insurance policy 1,000
Collection of receivables 21,000
Total cash receipts 130,200
133,200
Deduct: Cash disbursements
Wages payable (priority claim) $13,000
Property taxes payable (priority claim) 2,000
Mortgage payable and interest (fully secured) 55,000
Bank note payable and interest (for secured portion) 21,000
Administrative expenses (priority item) 3,000
Total cash disbursements 94,000
Cash balance, August 31, 2017 $39,200
 CAM CORPORATION IN TRUSTEESHIP STATEMENT OF CHANGES IN ESTATE
EQUITY FROM AUGUST 1 TO AUGUST 31, 2017
Estate equity August 1, 2017 $13,000
Less: Net loss on asset liquidation $18,800
(see schedule below)
Liability for utilities discovered 500
Administrative expenses 3,000
Trustee’s fee 2,000
Net decrease for the period (24,300)
Estate deficit August 31, 2017 $(11,300)

SCHEDULE OF NET LOSSES ON ASSET LIQUIDATION

Book Value - Proceeds on = Gain
August 1 Realization (Loss)
Accounts receivable $25,000 $21,000 $(4,000)
Inventories 50,000 48,000 (2,000)
Land and building 55,000 64,000 9,000
Equipment 30,000 14,200 (15,800)
Intangible assets 6,000 0 (6,000)
Net loss on liquidation of assets $(18,800)

Tampilan diatas menggambarkan pernyataan perubahan ekuitas real untuk Cam

Corporation dari 1 Agustus hingga 31 Agustus 2017.

NERACA Neraca disusun langsung dari saldo akun buku besar wali dan disajikan dalam
Tampilan dibawah ini. Pernyataan yang disajikan dalam Tampilan dengan format yang tidak
asing bagi akuntan, tetapi Anda ingin membandingkan laporan keuangan ini dengan laporan
realisasi dan likuidasi tradisional yang disajikan dalam Tampilan tabel selanjutnya.

PERNYATAAN REALISASI DAN LIKUIDASI Pernyataan realisasi dan likuidasi adalah

pernyataan aktivitas yang menunjukkan kemajuan menuju likuidasi milik debitur.

CAM CORPORATION IN TRUSTEESHIP BALANCE SHEET ON AUGUST 31, 2017

Assets
Cash $39,200
Marketable securities 7,000
Accounts receivable—net 18,000
Prepaid expenses 3,000
Total assets $67,200
Liabilities and Deficit
Accounts payable $65,000
Utilities payable—discovered 500
Trustee’s fee payable—new 2,000
Note payable—bank (unsecured portion) 6,000
Notes payable—suppliers 5,000
Total liabilities 78,500
Less: Estate deficit 11,300
Total liabilities less deficit
$67,200