AKUNTANSI KEUANGAN MENENGAH

AKUNTANSI KEUANGAN MENENGAH
SOAL 2
Feb 3,



Purchased 2.500 shares of its own common stock at
$26,recording the stock at cost .(Prior to the purchase , there
were 40.000 shares of $20 par common stock outstanding)

Jurnal

Treasury Stock

65.000

Cash (2.500 x $26)
65.000
May



Dectared a semiannual dividend of $1 on the 10.000 shares of
prefferend stock and a $0.30 dividend on the common stock to
stockholders of record on May 31, payable on june 15.
Jurnal

Cah Dividends

21.250

Dividends Payable
21.250
(10.000x1)+{(40.000-2500)x0,30}
June 15 Paid Cash Dividends


Jurnal

Cash Dividends Payable

21.250

Cash

21.250

Sept 23 Sold 1.000 shares of treasury stock at $28,receiving cash


Nov 1

Jurnal

Cash ($28x1.000)
28.000
Treasury Stock ($26x1.000)
26.000
Share premium treasury ($2x1000)
2.000

Declared Semiannual dividends of $1 on the preferred stock and
$0.30 on the common stock.in addition a 5% commond stock
dividend was declared on the commond stock out standing to be
capitalized at the fair market value of the commond stock,which
is estimated at $30



Jurnal

Cash Dividends
21.550
Cash dividend payable

21.550

(10.000x$1)+{(40.000-1500)x0.30}
Share Dividends

57.750

(40.000-1500)x5%x30
Ordinary share Premium distribute
38.500
(5%x38.500x20)
Share Premium ordinary
19.250
((30-20)x(5%x38.500)
Dec 1,

Paid the cash dividend and issued the certifctes for the common
stock dividend



SOAL 3
Jan 3,



Jurnal

Split the common stock 2 for 1 and reduced the par from $100
to $50 per shares apter split, there were 800.000 common
shares outstanding.
Jurnal
No.Entry

Feb 20


Purchased 100.000 shares of the corporations own common
stock at$64, recording to the stock at cost
Jurnal

May 1



Cash Dividend payable

21.550
Dhare dividend distributable
38.500
Cash
21.550
Common share
38.500

Treasury share (100.000x64)
Cash

6.400.000
64.000.000

Declared semiannual dividend of $0.80 on 60.000 shares of
preferred stock and $0.40 on the commond stock to
stockholder of record on may 15, payable on june 1
Jurnal

Cash Devidend

Devidend Payable

146.000
146.000

(Ps:60.000 x 0.80) + (Cs: 800.000-100.000x0.14)
Jun 1

Paid the cash dividend


Jurnal

Aug 5

Dividend payable
Cash

146.000
146.000

Sold 84.000 shares of treasury stock at $78 receiving cash



Jurnal

Nov.15



Cash (84.000x78)
6.552.000
Treasury share (84.000x64)
5.376.000
Share Premium treasury (78-16x84.000)
1.176.000
Declared semiannual dividends of $0.80 on the preferred stock
and $0.15 on the common stock (before the stock dividen).in
addition a 2% common stock dividend was declared on the

commond stock outstading. The fair market value of the
common stock is estimated at $80

Jurnal

Cash Dividen
Dividend payable

165.600
165.600

(PS:0.80X60.000)+(CS:0.15X(800.000-100.000+84.000)
Stock Dividend

1.254.400

(800.000-100.000+84.000)x2%x$80
Ordinary share distribute
784.000
(15.680X$50)

Share premium ordinary
470.400
($80-$50)x15.680

Dec.31


Paid the cash dividends and issued the certificates for the
commond stock dovidends
Jurnal

Devidend payable
Cash

165.600
165.600

Ordinary share distributable

784.000

Ordinary share

784.000

SOAL 4
On May 1,2012, Sally corp issued $600.000, 9%, 5-year bond at face
value. The bonds were dated may 1,2012 and pay interest semiannually
on May 1 and November 1. Financial statement are prepared annually on
December 31.
a. Prepare Jurnal entry to record the issuance of the bonds
-Cash
$600.000
Bonds payable
$600.000
b. Prepare the adjusting entry to record the accrual of interest on
December 31,2012
-Bonds interest expense
$9.000
Bonds interst payable (600.000x9%x2/12)
$9.000
c. Prepare journal entry to record payment interest on May 1,2013,
assuming no accrual of interest from January 1,2013, to May 1,2013
-Bonds payable
$9.000
Bonds interest expense
$18.000
Cash
$27.000
(4/12x9%x600.000)
d. Prepare the journal entry to record payment of interest on November
1, 2013\
-Bonds interest Expense
$27.000
Cash(600.000x9%x6/12)
$27.000
e. Assume that on Novemeber 1,2013, Chance calls the bonds at
102.Record the redemption of the bonds
-Bonds payable
$600.000
Lost on bonds redemption
$ 12.000
Cash
$612.000
=120%x600.000=
612.000
Nilai obligasi
600.000 Rugi
12.000

SOAL 5
Feb.3

Mar.3

Apr.17

Purchased merchandise on account from Onifade Co,.
$410.000,term n/30.
 Merchandise inventory
$410.000
Account payable
$410.000
Issued a 45-day,6% note for $410.000 to Onifade Co,. on
account
 Account payable
$410.000
Note payable
$410.000
Paid Onifade Co,. the ammoint owed on the note of march 3
 Notes payable
$410.000
Interest expense
$ 3.075
Cash
$413.075
(interest:410.000x6%x45/360)

June 1

July 21

Borrowed $250.000 from ALDHIEZER Bank,issuing a 60-day ,
7,5% note
 Cash
$250.000
Notes payable
$250.000
Purchased tools by issuing a$300.000 ,60-day no to Nash Co,.
which discounted the note at the rate of 8%
 Equipment
$296.000
Interest expense
$ 4.000
Note payable
$300.000
($300.000x8%x60/360)

July 31

Aug.30

Sept.19
Dec 1

Dec 31

Paid Aldhiezer bank the interest fue on the note of june 1 and
renewed the loan by issuing a new 30-day,9% note for $250.000
 Note Payable(7,5%,60days)
$250.000
Interest expense
$
3.125
(7,5%x60/360x250.000)
Note payable(9%,30 day)
$250.000
Cash
$ 3.125
Paid Aldhiezer bank the amount due on the nite of july 31
 Note payable
$250.000
Interest Expense
$ 1.875
(250.000x9%x30/360)
Cash
$251.875
Paid Nash Co,. the amount due on the note of july 21
 Note payable
$300.000
Cash
$300.000
Purchased officed equipment from Oso Co,. for $340.000 paying
$40.000 and issuing a series of ten 8% notes for $30.000 each,
coming due at 30-day interval
 Equipment
$340.000
Cash
$ 40.000
Note payable
$300.000
Paid amount due Oso Co,. on the first note in the series issued
on December 1
 Note payable
$30.000

Interest expense

$

200

(8%x30/360x30.000)
Cash

$30.200