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PT Bunga Bersemi has the following accounts receivable information per 31 December 2018 (in Rp): Customer Mawar Melati Kamboja Sepatu Tulip Anggrek Lili Due Date
PT Bunga Bersemi has the following accounts receivable information per 31 December 2018 (in Rp): Customer Mawar Melati Kamboja Sepatu Tulip Anggrek Lili Due Date 15 June 2018 16 November 2018 27 December 2018 3 October 2018 9 December 2017 7 January 2019 5 February 2019 Total Balance 12,500,000 30,000,000 14,500,000 8,000,000 9,250,000 17,800,000 3,100,000 95,150,000 a. C. PT Bunga Bersemi also has written off following accounts during 2018: PT Peony amounted Rp 25,000,000 b. PT Matahari amounted Rp 18,500,000 PT Sakura amounted Rp 5,000,000 Total credit sales made during 2018 is Rp 1,150,000,000 Instructions: 1. Prepare write off journal entries using direct write off method 2. Prepare write off journal entries using allowance method 3. Assuming PT Bunga Bersemi has Rp 8,000,000 of AFDA credit balance on December 31 2018, prepare adjusting entries in each of the following scenarios: a) PT Bunga Bersemi uses percentage of sales method in estimating uncollectible account, and they estimate 2% of credit sales will be uncollectible b) PT Bunga Bersemi uses receivable method in estimating uncollectible account, and they will determine percentage of uncollectible amount based on aging period, with following classification (Hint: Table of aging period of receivables might help): Age Class % Uncollectible Not Pass Due 1-30 days past due 31-60 days past due 61-90 days past due 25% 91-120 days past due >120 days past due 1% 4% 16% 40% 80%
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