Tugas Kelompok ke-4

(Minggu 8/Sesi 12)

Team 7

Anis Filzah Handayani (2201847523)

Asep Hermawan (2201847416)

Mochammad Bagas Helmi Fauzan (2201848463)

Reni Jayusman (2201847353)

Sarah Noerazizah Suherman (2201847460)

LMFA CLASS

ACCT6231 – Accounting Fundamental

Kasus 1

Informasi berikut untuk Shine Corporation, Siapkan laporan posisi keuangan dalam bentuk laporan
untuk perusahaan pada tanggal 31 Desember 2014. Semua akun memiliki saldo normal.
Equipment $ 40,000
Land 137,320
Inventory 102,000
Bonds Payable 27,600
Notes Payable (due in 6 months) 14,400
Share capital–ordinary 60,000
Accumulated Depreciation - Eq. 10,000
Prepaid Advertising 5,000
Interest Expense 2,400
Interest Payable 600
Retained Earnings ?
Revenue 331,400
Advertising Expense 1,560
Salary Expense 53,040
Salaries Payable 900
Accumulated Depr. - Bld. 15,000
Cash 30,000
Depreciation Expense 8,000
Buildings 80,400
Supplies 1,860
Taxes Payable 3,000
Utilities Expense 1,320

ACCT6231 – Accounting Fundamental

JAWABAN :

Shine Corporation
Balance Sheet
December 31,2014
Assets  
Cash $ 30.000,00  
Inventory $ 102.000,00  
Supplies $ 1.860,00  
Prepaid Advertising $ 5.000,00  
Total current assets $ 138.860,00
Land $ 137.320,00  
Building $ 80.400,00  
Accumulated depreciation - Bld $ (15.000,00) $ 65.400,00  
Equipment $ 40.000,00  
Accumulated depreciation - Eq $ (10.000,00) $ 30.000,00 $ 232.720,00
Total asset $ 371.580,00
   
Liabilities & Stockholders' Equity  
Notes Payable $ 14.400,00  
Taxes Payable $ 3.000,00  
Salaries Payable $ 900,00  
Interest Payable $ 600,00  
Total Current liabilities $ 18.900,00
Long-term liabilities  
Bond Payable $ 78.000,00
Total liabilities $ 96.900,00
Common stock $ 60.000,00  
Retained Earnings (265,080 -
50,400) $ 214.680,00  
Total stockholders' equity $ 274.680,00
Total Liabilieties & stockholders' equity     $ 371.580,00

Kasus 2

Gunakan informasi dibawah ini untuk membuat laporan arus kas dengan menggunakan metode
indirect:

Dragon Co.
ACCT6231 – Accounting Fundamental
 Comparative Statements of Financial Position
December 31 (in thousands)

Assets 2014 2013

Land 75.000 70.000
Buildings 200.000 200.000
Accum.depr.-buildings (21.000) (11.000)
Equipment 193.000 68.000
Accum. Depr-equipment (28.000) (10.000)
Prepaid expenses 4.000 6.000
Inventory 54.000 0
Accounts receivable 68.000 26.000
Cash 54.000 37.000
Totals 599.000 386.000

Equity and liabilities

Common stock (par $1) 220.000 60.000
Retained earnings 206.000 136.000
Bonds payable 140.000 150.000
Accounts payable 23.000 40.000
Accrued expenses 10.000 0
Totals 599.000 386.000

Dragon co.
Income statement
For the year ended Dec, 31, 2014 (in thousands)

Sales revenue 890.000

COGS 465.000
Operating expense 221.000
Interest expense 12.000

ACCT6231 – Accounting Fundamental

Loss on disposal of plant assets 2.000 700.000
Income before income taxes 190.000
Income tax expense 65.000
Net income 125.000

Data tambahan (dalam ribuan):

1. Depreciation expense sebesar 33.000
2. Equipment yang memiliki biaya (cost) 41.000 dan book value senilai 36.000 terjual dengan
harga 34.000 secara cash
3. Land terjual senilai book value nya secara cash
4. Interest expense senilai 12.000 dibayar cash
5. Membeli Equipment dengan harga 166.000 secara cash
6. Bonds senilai 10.000 dicairkan pada face value nya secara cash
7. Common stock diterbitkan dan perusahaan menerima cash senilai 130.000
8. Cash dividends senilai 55.000 dibayarkan pada tahun 2014
9. Common stock senilai 30.000 diterbitkan untuk membayar land

ACCT6231 – Accounting Fundamental

JAWABAN :

Dragon Co
Statement of Cash Flow- Indirect Method
For the year ended Dec, 31, 2014 (in thousands)
         
Cash flows from operating activities  
  Net Income 125.000
  Adjustmen to Reconcile NI to net  
Cash provided by operating
  activities :  
  Depre Expense 33.000  
  Loss on Disposal of plant asset 2.000  
  Increase in account receivable (42.000)  
  Increase in Inventory (54.000)  
  Decrease in Prepaid Expense 2.000  
  Decrease in Account Payable (17.000)  
  Increase in Accrued Expense 10.000 (66.000)
  Net Cash 59.000
  Cash Flow from investing Activities  
  Sale of Land 25.000  
  Disposal of Plant Asset 34.000  
  Purchase of Equipment (166.000)  
  Net Cash (107.000)
  Cash Flow from Financing Activities  
  Redemption of bonds (10.000)  
  Sale of ordinary shares 130.000  
  Payment Dividens (55.000)  
  Net Cash 65.000
  Net Increase in Cash 17.000
  Cash at Beginning of Period 37.000
  Cash at end of Period 54.000
  TRUE
  Ordinary Share Exchanged for Land 30.000
   
         

Kasus 3

ACCT6231 – Accounting Fundamental

Yagoo Co. sedang membuat laporan keuangannya. Berikut adalah trial balance per tanggal 31
Desember 2015 (in $):

Accounts Dr Cr
Cash 584,009
Accounts Receivable 295,000
Inventory 198,000
Supplies 59,000
Equity Investment 400,000
Vehicle 235,000
Accumulated Depreciation - Vehicle 105,000
Machine 250,000
Accumulated Depreciation - Machine 122,000
Building 480,000
Accumulated Depreciation - Building 120,000
Patent 80,000
Accounts Payable 259,000
Environment Liability 54,809
Convertible Bonds Payable ?
Share Capital - Ordinary (par $1,000, issued &
320,000
outstanding 320 shares)
Share Premium - Ordinary 531,000
Share Premium - Conversion Equity ?
Retained Earnings 581,700
Accumulated Other Comprehensive Income 3,500
Sales 545,000
Cost of Goods Sold 236,000
Salaries Expense 75,000
Dividend 50,000

Berikut adalah data untuk penyesuaian:

1. Data depresiasi untuk Plant, Property, and Equipment:

Acquisition Useful Residual
Assets Depreciation Method
Date Life Value
Vehicle 5-Jul-13 5 10,000 Sum of The Year Digit

Machine 1-Jan-12 10 20,000 Double Declining Balance

ACCT6231 – Accounting Fundamental

 Building 2-Jan-10 20 - Straight Line

2. Paten didapatkan pada tanggal 10 Januari 2011. Masa manfaat dari paten tersebut adalah 20
tahun dan di amortisasi dengan metode garis lurus. Pada Desember 31, 2015, nilai wajar (fair
value less cost to sell) dari paten adalah $70,000 sedangkan value-in-use adalah $71,000.
3. Supplies yang ada digudang senilai $22,500.
4. Yagoo Co. memiliki equity investment:
Fair Value (Dec Fair Value (Dec
  Cost
31,2014) 31,2015)
Trading Investment:      

ABC Co. 100,000 102,000 99,000

DEF Co. 98,000 100,000 100,000

Total 198,000 202,000 199,000

       

Non-trading Investment:      
PQR Co. 112,000 113,000 115,000

XYZ Co. 81,000 85,000 79,000

Total 193,000 198,000 194,000

5. Yagoo Co perlu membongkar bangunan diperoleh pada Jan 2, 2010 pada akhir masa pakainya dan
Yagoo Co memperkirakan bahwa biaya pembongkaran dan pemindahan bangunan akan menjadi
$ 300.000. Tingkat bunga pasar adalah 12%.
6. Yagoo Co mengeluarkan 100 obligasi konversi dengan nilai nominal sebesar $ 3.000 pada tanggal
1 Desember 2015. Obligasi memiliki jangka waktu 3 tahun dengan tingkat bunga yang dinyatakan
10%. Bunga dibayar setiap semester pada 1 Juni dan 1 Desember jumlah yang diterima dari
penerbitan obligasi adalah $ 300.000. Masing-masing obligasi adalah dikonversi menjadi 2 saham
biasa. Tingkat pasar bunga atas utang non konversi yang sama adalah 12%.
7. Tarif pajak perusahaan = 30%. Beban pajak penghasilan untuk tahun 2015 adalah $ 20.991 dan
akan dilunasi pada tanggal 15 Januari 2016.

Diminta:
ACCT6231 – Accounting Fundamental
1. Hitung the liability and equity component of the convertible bond on December 1, 2015 using
with-and-without method!
2. Buatlah the schedule of bond amortization related to Yagoo’s convertible bonds!
3. Buatlah the adjusting entries on December 31, 2015!
4. Buatlah the Statement of Comprehensive Income for the year ended December 31, 2015!
5. Buatlah the Statement of Changes in Equity for the year ended December 31, 2015!
6. Buatlah the Statement of Financial Position per December 31, 2015!
7. Hitung the basic EPS and diluted EPS for 2015!

JAWABAN :
1. Present value of principal : $ 300,000 × 0.70496 $ 211,488
Present value of interest payment : ($ 300,000 × 5%) × 4.91732 $ 73,759 +
Present value of liability component $ 285,248

Fair value of convertible debt at date of issuance $ 300,000

Less : Fair value of liability component at date of issuance $ 285,248 -
Fair value of equity component at date of issuance $ 14,752
Cash $ 300,000
Bonds Payable $ 285,248
Share Premium – Conversion Equity $ 14,752
2. Schedule of Bond Amortization :
Schedule of Bond Discount Amortization
Effective-Interest Method-Semiannual Interest Payment
3-year, 10% sold to Yield 12%

Date Cash Paid Interest Discount Carrying of Amount

Expense Amortization
01 Desember 2015       $ 285,248
01 Juni 2016 $ 15,000 $ 17,115 $ 2,115 $ 287,363
01 Desember 2016 $ 15,000 $ 17,242 $ 2,242 $ 289,605
01 Juni 2017 $ 15,000 $ 17,376 $ 2,376 $ 291,981
01 Desember 2017 $ 15,000 $ 17,519 $ 2,519 $ 294,500
01 Juni 2018 $ 15,000 $ 17,670 $ 2,670 $ 297,170
01 Desember 2018 $ 15,000 $ 17,830 $ 2,830 $ 300,000
For adjusted on 31 dec 2015 = ($ 300.000 x 10%)-(12% x $ 285,248)/12 = $ 352.48

ACCT6231 – Accounting Fundamental

ACCT6231 – Accounting Fundamental
 3. Adjusting Entries :
BALLANCE ADJUSTING ADJUSTED
ACCOUNT
Dr Cr Dr Cr Dr Cr
Cash $ 584,009   $ 300,000   $ 884,009  
Account Receivable $ 295,000       $ 295,000  
Inventory $ 198,000       $ 198,000  
Supplies $ 59,000     $  22,500 $ 36,500  
Equity Investment $ 400,000   $ 2,000   $ 402,000  
Vechile $ 235,000       $ 235,000  
Accumulated
Depreciation Vechile   $ 105,000    $ 60,000   $ 165,000
Machine $ 250,000       $ 250,000  
Accumulated
Depreciation Machine   $ 122,000    $ 25,000   $ 147,000
Building $ 480,000       $ 480,000  
Accumulated
Depreciation Building   $ 120,000    $ 24,000   $ 144,000
Patent $ 80,000       $ 80,000  
Accumulated
Depreciation Patent $ 4,000 $ 4,000
Account Payable   $ 259,000       $ 259,000
Environment Liability   $ 54,809       $ 54,809
Convertible Bond Payable       $ 285,248   $ 285,248
Accumulated
Amortization the bond       $ 352   $ 352
Share Capital - Ordinary   $ 320,000     $ 320,000  
Share Premium - Ordinary   $ 531,000     $ 531,000  
Share Premium -
Conversion Equity       $ 14,752   $ 14,752
Retained Earning   $ 581,700     $ 581,700  
Accumulated Other
Comprehensive Income   $ 3,500   $ 2,000   $ 5,500
Sales   $ 545,000       $ 545,000
Cost Of Good Sold $ 236,000       $ 236,000  
Salaries Expense $ 75,000       $ 75,000  
Depreciation Expense $ 113,000 $ 113,000
Dividend $ 50,000       $ 50,000  

ACCT6231 – Accounting Fundamental

4. Statement of Comprehensive Income :
YAGOO CO.
Statement of Comprehensive Income
For The Year Ended December 31, 205
Sales Revenue $ 545,000
Cost of Good Sold $ 236,000
Gross Profit $ 309,000
   
Expenses :  
Salaries Expense $ 75,000  
Depreciation of Vehicle $ 60,000  
Depreciation of Machine $ 25,000  
Depreciation of Building $ 24,000  
Depreciation of Patent $ 4,000  
  $ 188,000
Income before Tax $ 121,000
Income Tax $ 20,991
Net Income $ 100,009
Other Comprehensive Income $ 3,500
Comprehensive Income     $ 103,509

5. Statement of Change in Equity :

YAGOO CO.
Statement of Change in Equity
For The Year Ended December 31, 205
Balance, January 1 $ 581,700
Add : Net Income $ 100,009
  $ 681,709
Less : Dividend $ 50,000
Balance, December 31   $ 631,709

ACCT6231 – Accounting Fundamental

6. Statement of Financial Position :
YAGOO CO.
STATEMENT OF FINANCIAL POSITION
DECEMBER 31, 2017
ASSETS
Current Assets :      
Cash $ 884,009  
Account receivable $ 295,000  
Inventory $ 198,000  
Supplies $ 36,500  
Total Current Assets $ 1,377,509
   
Non Current Assets :  
Investment  
Equity Investment $ 400,000  
Patent $ 71,000  
  $ 471,000  
Property, plant and equipment  
Vechile $ 235,000  
Accumulated depreciation vechile $ (165,000)  
Machine $ 250,000  
Accumulated depreciation machine $ (147,000)  
Building $ 480,000  
Accumulated depreciation building $ (144,000)  
$ 509,000  
Total Non Current Assets $ 989,000
TOTAL ASSETS     $ 2,096,509
LIABILITIES AND EQUITY
LIABILITIES      
Current Liabilities :  
Account payable $ 259,000  
Environment liabilitiy $ 54,809  
Total Current Liabilities $ 313,809  
   
Non Current Liabilities :  
Convertible bond payable $ 285,248  
Accumulated Amortization the
bond $ 352  
Total Non Current Liabilities $ 285,600  
  $ 599,048
TOTAL LIABILITIES  

ACCT6231 – Accounting Fundamental

    
EQUITY  
Share Capital - Ordinary $ 320,000  
Share Premium - Ordinary $ 531,000  
Share Premium - Conversion Equity $ 14,752  
Retained Earning $ 631,709  
TOTAL EQUITY $ 1,497,461
TOTAL LIABILITIES AND EQUITTY     $ 2,096,509

7. Earning per Share :

$ 100,009−$ 50,000
Basic EPS =
320
= $ 156.27
25,200∗¿
Dillutive EPS = $ 100,009−$ 50,000+ $ ¿
320+ 200∗¿
= $ 96.171
* $ 300,000 × 12% × 70% (1-30% pajak) = $ 25,200
**300,000 ÷ 3,000 × 2 saham biasa = 200

ACCT6231 – Accounting Fundamental