ANGELYCA NATASYA LAURA

LB 55
2602145674
a.)
Date Account RefD
1-Jan Cash 1,668,000
Discounts on Bonds Payable (1.800 - 1.668) 132,000
Bonds Payable
(to record issuance of bonds at 5%, 10 years with disc)
C

1,800,000
b) Amortization of the bond discount using the effective interest method results in periodic interest expense equal

Ritz Industries Ltd.

Journal Entry
A B C
Interest Period Interest to be paid Interest Expense to be Discounts
Recorded (6%xBond Amortization
(5%x1,800,000)
carrying Value) (B-A)
Issue Date
1 £90,000 £100,080 £10,080
2 £90,000 £100,685 £10,685
3 £90,000 £101,326 £11,326
ults in periodic interest expense equal to a fixed percentage of the bond's carrying value. With this method, the depreciation and interest ex

d.

D E
Unamortized Discounts Bond Carrying Value
(D-C) (1,800,000-D)
£132,000 £1,668,000
£121,920 £1,678,080
£111,235 £1,688,765
£99,909 £1,700,091
this method, the depreciation and interest expense for each period are different, but the percentages are constant.
c) Journal entry to record the accrual of interest and the amortization of the discount on December 31, 2021

Ritz Industries Ltd.

Journal Entry
Date Account title & Explanation Ref. Debit
2021, Dec 31 Interest Expense £100,080
Discounts on Bonds Payable £10,080
Interest Payable

(to record accured bond interest for Jan 1,2021 to Dec 31,2021 and amortization on Bonds Discounts)

d) journal entry to record the payment of interest on January 1, 2022

Ritz Industries Ltd.

Journal Entry
Date Account title & Explanation Ref. Debit
2022, Jan 01 Interest Payable £90,000
Cash
(to record the payment of interest)

e) Journal entry of accrual of interest and the amortization of discount on Dec 31, 2022
Ritz Industries Ltd.
Journal Entry
Date Account title & Explanation Ref. Debit
2021, Dec 31 Interest Expense £100,685
Discounts on Bonds Payable
Interest Payable

(to record accured bond interest for Jan 01, 2022 to Dec 31,2022 & amortization on Bonds Disc.)
e discount on December 31, 2021

Credit

£90,000

ortization on Bonds Discounts)

Credit

£90,000

Credit

£10,685
£90,000

mortization on Bonds Disc.)

 Brown Limited
Journal Entries
Date Ket D
2021 Land 132,000
Share Capital - Preference (1,200 x 100)
Share Premium - Preference
Cash (400 x 6.50) 2,600
Share Capital - Ordinary (400x 2.50)
Share Premium - Ordinary
Treasury Shares (1,500x9) 13,500
Cash
Cash (500x11) 5,500
Share Premium - Treasury (500x9)
Treasury Shares

Brown Limited
Balance Sheet
December, 31 2021
K

120,000
12,000

1,000
1,600

13,500

4,500
1,000
No Employee ID Name Birth Age Gender
1 Y022011BKS Michael 3-Feb-88 34 Male
2 Y012006JKT Stephen 16-Mar-93 29 Male
3 X032010SBY Linda 8-Jul-84 38 Female
4 Y012017BKS Wendy 5-Jun-92 30 Male
5 Y022015BKS Thomas 16-Nov-90 32 Male
6 X022012BDG Della 30-Sep-91 31 Female
7 X052008JKT Dessy 10-Jul-78 44 Female
8 X042011JKT Anna 11-May-85 37 Female
9 Y012017BDG Yosua 28-Oct-93 29 Male
10 Y052008BDG Airlangga 22-Sep-80 42 Male
11 Y022013SBY Darren 19-Apr-90 32 Male
12 X052006SBY Monna 12-Dec-85 37 Female
13 Y032011JKT Bayu 9-May-85 37 Male
14 Y022008JKT Luxthor 14-Jun-90 32 Male
15 Y052007BKS Axel 28-Jun-80 42 Male
16 X042010BKS Dita 26-Apr-83 39 Female
17 X012014SBY Tami 9-Jan-92 30 Female
18 X032012BDG Jeanne 28-Feb-90 32 Female
19 X042012SBY Leila 2-Nov-86 36 Female
20 Y012018SBY Dimas 4-Jun-94 28 Male

Code Position Basic Salary Num of Child

01 Staff Rp 3,500,000 Child Allowances
02 Senior Staff Rp 4,500,000
03 Supervisor Rp 6,000,000 Code
04 Manager Rp 7,500,000 Location
05 Senior Manager Rp 9,000,000
 Position Location Status Num of Child Basic Salary
Senior Staff Bekasi Married 2 Rp 4,500,000
Staff Jakarta Single 0 Rp 3,500,000
Supervisor Surabaya Married 2 Rp 6,000,000
Staff Bekasi Single 0 Rp 3,500,000
Senior Staff Bekasi Married 1 Rp 4,500,000
Senior Staff Bandung Married 1 Rp 4,500,000
Senior Manager Jakarta Married 4 Rp 9,000,000
Manager Jakarta Married 3 Rp 7,500,000
Staff Bandung Married 1 Rp 3,500,000
Senior Manager Bandung Married 3 Rp 9,000,000
Senior Staff Surabaya Single 0 Rp 4,500,000
Senior Manager Surabaya Married 3 Rp 9,000,000
Supervisor Jakarta Married 2 Rp 6,000,000
Senior Staff Jakarta Single 0 Rp 4,500,000
Senior Manager Bekasi Married 2 Rp 9,000,000
Manager Bekasi Married 2 Rp 7,500,000
Staff Surabaya Married 1 Rp 3,500,000
Supervisor Bandung Married 1 Rp 6,000,000
Manager Surabaya Married 4 Rp 7,500,000
Staff Surabaya Married 1 Rp 3,500,000
TOTAL Rp 116,500,000
AVERAGE Rp 5,825,000

0 1 2 3 4
Rp - Rp 700,000 Rp 1,000,000 Rp 1,500,000 Rp 2,000,000

BKS JKT SBY BDG

Bekasi Jakarta Surabaya Bandung
 Child Allowances Wife's Allowances Total Salary
Rp 1,000,000 Rp 1,000,000 Rp 6,500,000
Rp - Rp - Rp 3,500,000
Rp 1,000,000 Rp 1,000,000 Rp 8,000,000
Rp - Rp - Rp 3,500,000
Rp 700,000 Rp 1,000,000 Rp 6,200,000
Rp 700,000 Rp 1,000,000 Rp 6,200,000
Rp 2,000,000 Rp 1,000,000 Rp 12,000,000
Rp 1,500,000 Rp 1,000,000 Rp 10,000,000
Rp 700,000 Rp 1,000,000 Rp 5,200,000
Rp 1,500,000 Rp 1,000,000 Rp 11,500,000
Rp - Rp - Rp 4,500,000
Rp 1,500,000 Rp 1,000,000 Rp 11,500,000
Rp 1,000,000 Rp 1,000,000 Rp 8,000,000
Rp - Rp - Rp 4,500,000
Rp 1,000,000 Rp 1,000,000 Rp 11,000,000
Rp 1,000,000 Rp 1,000,000 Rp 9,500,000
Rp 700,000 Rp 1,000,000 Rp 5,200,000
Rp 700,000 Rp 1,000,000 Rp 7,700,000
Rp 2,000,000 Rp 1,000,000 Rp 10,500,000
Rp 700,000 Rp 1,000,000 Rp 5,200,000
Rp 17,700,000 Rp 16,000,000 Rp 150,200,000
Rp 885,000 Rp 800,000 Rp 7,510,000

>4
Rp 2,000,000
No EmployeeiD Name Birth Age Gender Position
1 Y022011BKS Airlangga 3-Feb-88 34 Male Senior Staff
2 Y012006JKT Anna 16-Mar-93 29 Male Staff
3 X032010SBY Axel 8-Jul-84 38 Female Supervisor
4 Y012017BKS Bayu 5-Jun-92 30 Male Staff
5 Y022015BKS Darren 16-Nov-90 31 Male Senior Staff
6 X022012BDG Della 30-Sep-91 30 Female Senior Staff
7 X052008JKT Dessy 10-Jul-78 44 Female Senior Manager
8 X042011JKT Dimas 11/05/85 37 Female Manager
9 Y012017BDG Dita 28/10/93 28 Male Staff
10 Y052008BDG Jeanne 22-Sep-80 42 Male Senior Manager
11 Y022013SBY Leila 19-Apr-90 32 Male Senior Staff
12 X052006SBY Linda 12/12/85 36 Female Senior Manager
13 Y032011JKT Luxthor 09/05/85 37 Male Supervisor
14 Y022008JKT Michael 14-Jun-90 32 Male Senior Staff
15 Y052007BKS Monna 28-Jun 80 42 Male Senior Manager
16 X042010BKS Stephen 26-Apr-83 39 Female Manager
17 X012014SBY Tami 9-Jan-92 30 Female Staff
18 X032012BDG Thomas 28-Feb.90 32 Female Supervisor
19 X042012SBY Wendy 2-Nov-86 35 Female Manager
20 Y012018SBY Yosua 4-Jun-94 28 Male Staff
Location Status Num of Child Basic Salary Child Allowances Wife's Allowances
Bekasi Married 2 Rp4,500,000.00 Rp1,000,000.00 Rp1,000,000.00
Jakarta Single 0 Rp3,500,000.00 - Rp0.00
Surabaya Married 2 Rp6,000,000.00 Rp1,000,000.00 Rp1,000,000.00
Bekasi Single 0 Rp3,500,000.00 - Rp0.00
Bekasi Married 1 Rp4,500,000.00 Rp700,000.00 Rp1,000,000.00
Bandung Married 1 Rp4,500,000.00 Rp700,000.00 Rp1,000,000.00
Jakarta Married 4 Rp9,000,000.00 Rp2,000,000.00 Rp1,000,000.00
Jakarta Married 3 Rp7,500,000.00 Rp1,500,000.00 Rp1,000,000.00
Bandung Married 1 Rp3,500,000.00 Rp700,000.00 Rp1,000,000.00
Bandung Married 3 Rp9,000,000.00 Rp1,500,000.00 Rp1,000,000.00
Surabaya Single 0 Rp4,500,000.00 - Rp0.00
Surabaya Married 3 Rp9,000,000.00 Rp1,500,000.00 Rp1,000,000.00
Jakarta Married 2 Rp6,000,000.00 Rp1,000,000.00 Rp1,000,000.00
Jakarta Single 0 Rp4,500,000.00 - Rp0.00
Bekasi Married 2 Rp9,000,000.00 Rp1,000,000.00 Rp1,000,000.00
Bekasi Married 2 Rp7,500,000.00 Rp1,000,000.00 Rp1,000,000.00
Surabaya Married 1 Rp3,500,000.00 Rp700,000.00 Rp1,000,000.00
Bandung Married 1 Rp6,000,000.00 Rp700,000.00 Rp1,000,000.00
Surabaya Married 4 Rp7,500,000.00 Rp2,000,000.00 Rp1,000,000.00
Surabaya Married 1 Rp3,500,000.00 Rp700,000.00 Rp1,000,000.00
TOTAL Rp116,500,000.00 Rp17,700,000.00 Rp16,000,000.00
AVERAGE Rp5,825,000.00 Rp1,106,250.00 Rp1,000,000.00
 Total Salary
Rp6,500,000.00
Rp3,500,000.00
Rp8,000,000.00
Rp3,500,000.00
Rp6,200,000.00
Rp6,200,000.00
Rp12,000,000.00
Rp10,000,000.00
Rp5,200,000.00
Rp11,500,000.00
Rp4,500,000.00
Rp11,500,000.00
Rp8,000,000.00
Rp4,500,000.00
Rp11,000,000.00
Rp9,500,000.00
Rp5,200,000.00
Rp7,700,000.00
Rp10,500,000.00
Rp5,200,000.00
Rp150,200,000.00
Rp7,510,000.00
FILTER

No EmployeeiD Name Birth Age Gender Position Location Status

1 Y022011BKS Michael 3-Feb-88 34 Male Senior Staff Bekasi Married
5 Y022015BKS Thomas 16-Nov-90 31 Male Senior Staff Bekasi Married
15 Y052007BKS Axel 28-Jun 80 42 Male Senior Manager Bekasi Married
16 X042010BKS Dita 26-Apr-83 39 Female Manager Bekasi Married
Num of Child Basic Salary Child Allowances Wife's Allowances
2 Rp4,500,000.00 Rp1,000,000.00 Rp1,000,000.00
1 Rp4,500,000.00 Rp700,000.00 Rp1,000,000.00
2 Rp9,000,000.00 Rp1,000,000.00 Rp1,000,000.00
2 Rp7,500,000.00 Rp1,000,000.00 Rp1,000,000.00
 Total Salary
Rp6,500,000.00
Rp6,200,000.00
Rp11,000,000.00
Rp9,500,000.00