Kelompok 1 (Intan)

Nama Kelompok 1 :
1. Chelsea Aprilia Syayuti

2. Dwita Puji Khairani
3. Ilma Zalmia
4. Purnama Intan Shurullah
5. Ramadina Mardanova
6. Syafira Elfithri
Plover Corporation had the following equity accounts on January 1, 2014: Share Capital—Ordinary (£1 par) £400,000, Share
Premium—Ordinary £500,000, and Retained Earnings £100,000. In 2014, the company had the following treasury share
transactions.
Mar. 1 Purchased 5,000 shares at £7 per share.

June 1 Sold 800 shares at £10 per share.
Sept. 1 Sold 1,700 shares at £9 per share.
Dec. 1 Sold 1,000 shares at £5 per share.
Plover Corporation uses the cost method of accounting for treasury shares. In 2014, the company reported net income of £80
Instructions
Journalize the treasury share transactions, and prepare the closing entry at December
31, 2014, for net income!
ANSWER (SKOR: 20)
Share Capital—Ordinary (£1 par) £400,000

Share Premium—Ordinary £500,000
Retained Earnings £100,000
Mar. 1 Treasury share € 35,000

Cash € 35,000
June.1 Cash € 8,000

Share capital-ordinary € 800
Share premium-ordinary € 7,200
Sep. 1 Cash € 15,300

Share capital-ordinary € 1,700
Dec. 1 Cash € 5,000

Share capital-ordinary € 1,000
Dec. 31 Income Summary € 80,000

Retained earning € 80,000
YANG BENAR (LIAT INSTRUKSINYA YA BAHWA YANG DIJURNAL ITU ADALAH TRANSAKSI TREASURY SHARESNYA HEHE)
Mar-01 Treasury Shares £ 35,000.00 : 5.000 x £7

Cash £ 35,000.00
Jun-01 Cash £ 8,000.00 : 800 x £ 10
Treasury Shares £ 5,600.00 : 800 x £ 7
Share Premium - Treasury £ 2,400.00
Sep-01 Cash £ 15,300.00 : 1.700 x £ 9
Treasury Shares £ 11,900.00 : 1.700 x £ 7
Dec-01 Cash £ 5,000.00
Treasury Shares £ 7,000.00
Dec-31 Income Summary £ 80,000.00
Retained Earnings £ 80,000.00
nary (£1 par) £400,000, Share
the following treasury share
Nilai Tugas 87.5
y reported net income of £80,000.
14
URY SHARESNYA HEHE)
: 5.000 x £7
: 800 x £ 10
: 1.700 x £ 9
: 1.700 x £ 7
ANSWER (SKOR: 20)
20
1-Feb Cash $ 19,500.00
Share Capital-ordinary $ 9,000.00
Share Premium-ordinary $ 10,500.00
20-Mar Treasury share $ 9,000.00

Cash $ 9,000.00
14-Jun Cash $ 26,000.00

Treasury share-ordinary $ 24,000.00
Share Premium-Ordinary $ 2,000.00
3-Sep Patent $ 14,000.00

Share Capital-ordinary $ 6,000.00
Share premium-ordinary $ 8,000.00
31-Dec Income Summary $ 350,000.00

Retained earnings $ 350,000.00
ANSWER (SKOR: 20)
Jan-15 Cash dividend € 250,000

Dividend payable € 250,000
Feb-15 Dividend payable € 250,000

Cash dividend
>>> Harusnya nilainya adalah $1.200 ($30.000 X 8
Apr-15 Share dividend € 275,000

Ordinary share dividend distributable € 100,000
Share premium ordinary € 175,000
May-15 Ordinary shares dividend distributable € 100,000

Share capital ordinary € 100,000
Jul-01 No entry
Dec-01 Cash dividend € 125,000

Dividend payable € 125,000
Dec-31 Income summary € 264,000

Retained earnings € 264,000
17.5
ya adalah $1.200 ($30.000 X 8% X 1/2)
>>>> Harusnya nilainya itu adalah $ 1.000.000 (250.000 X $4)

>>>> Selisihnya di debit
>>>> Nilainya $275.000 (diambil dari Share Dividend pada jurnal tanggal 15 April)
PLEASE OPEN E-BOOK ON PAGE 583 - 585
ANSWER (SKOR: 15)

(a)
January 1 Debt Investment $ 50,000.00
Cash $ 50,000.00
July 1 Cash $ 2,000.00

Interest Revenue $ 2,000.00
July 1 Cash $ 33,500.00

Debt Investment $ 30,000.00
Gain on sale of debt investments $ 3,500.00
(b)
Dec 31 Interest Receivable $ 800.00
>>> Harusnya nilainya adalah $1.200 ($30
Interest Revenue $ 800.00
11
snya nilainya adalah $1.200 ($30.000 X 8% X 1/2)

PLEASE OPEN E-BOOK ON PAGE 586
ANSWER (SKOR: 15)
15
Feb-01 Share invesments $6,200.00

Cash $6,200.00
Jul-01 Cash $600.00

Dividend revenue $600.00 >>>> Akunnya diralat jadi Share Investm
Sep-01 Cash $4,300.00

Share investment $3,100.00
Gain on sale of share $1,200.00
Dec-01 Cash $300.00 {600 lembar - 300 lembar yang sudah di

Dividend revenue $300.00 >>>> Akunnya diralat jadi Share Investm
nnya diralat jadi Share Investment ya. Wktu itu saya salah menjelaskan
bar - 300 lembar yang sudah dijual}

nnya diralat jadi Share Investment ya. Wktu itu saya salah menjelaskan
Please mention the types of activity in cash flow report with the types of cash inflows and outflows for each activities !
ANSWER (SKOR: 10)

10
Operating activities -- Income statement items
Cash inflows:
From sale of goods or service
From interest received and dividends received
Cash outflow:
To suppliers for inventory
To employes for service
To government for taxes
To lenders for interest
To others for expenses
Investing activities—Changes in investments and non-current assets
Cash inflows:
From sale of property, plant, and equipment.
From sale of investments in debt or equity securities of other entities.
From collection of principal on loans to other entities.
Cash outflows:
To purchase property, plant, and equipment.
To purchase investments in debt or equity securities of other entities.
To make loans to other entities.
Financing activities—Changes in non-current liabilities and equity
Cash inflows:
From sale of ordinary shares.
From issuance of long-term debt (bonds and notes).
Cash outflows:
To shareholders as dividends.
To redeem long-term debt or reacquire ordinary shares (treasury shares).
or each activities !

Kelompok 1 (Intan)

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Nama Kelompok 1 :

1. Chelsea Aprilia Syayuti

Mar. 1 Purchased 5,000 shares at £7 per share.

ANSWER (SKOR: 20)

Share Capital—Ordinary (£1 par) £400,000

Mar. 1 Treasury share € 35,000

June.1 Cash € 8,000

Sep. 1 Cash € 15,300

Dec. 1 Cash € 5,000

Dec. 31 Income Summary € 80,000

Mar-01 Treasury Shares £ 35,000.00 : 5.000 x £7

y reported net income of £80,000.

20-Mar Treasury share $ 9,000.00

14-Jun Cash $ 26,000.00

3-Sep Patent $ 14,000.00

31-Dec Income Summary $ 350,000.00

Jan-15 Cash dividend € 250,000

Feb-15 Dividend payable € 250,000

Apr-15 Share dividend € 275,000

May-15 Ordinary shares dividend distributable € 100,000

Dec-01 Cash dividend € 125,000

Dec-31 Income summary € 264,000

ya adalah $1.200 ($30.000 X 8% X 1/2)

>>>> Harusnya nilainya itu adalah $ 1.000.000 (250.000 X $4)

ANSWER (SKOR: 15)

July 1 Cash $ 2,000.00

July 1 Cash $ 33,500.00

snya nilainya adalah $1.200 ($30.000 X 8% X 1/2)

ANSWER (SKOR: 15)

Feb-01 Share invesments $6,200.00

Jul-01 Cash $600.00

Sep-01 Cash $4,300.00

Dec-01 Cash $300.00 {600 lembar - 300 lembar yang sudah di

bar - 300 lembar yang sudah dijual}

ANSWER (SKOR: 10)

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