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    LATIHAN CH 17 - Debt Investment

    Uploaded by

    Rahman Alexan
    Intermediate Accounting

    Copyright:

    © All Rights Reserved
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    LATIHAN CH 17 - Debt Investment

    Uploaded by

    Rahman Alexan
    6 views10 pages
    Intermediate Accounting

    Copyright

    © © All Rights Reserved

    Available Formats

    XLSX, PDF, TXT or read online from Scribd

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    Intermediate Accounting

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    6 views10 pages

    LATIHAN CH 17 - Debt Investment

    Uploaded by

    Rahman Alexan
    Intermediate Accounting

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 10

    MENENTUKAN JENIS INVESTASI

    Each case is independent of the other.


    (a) A bond that will mature in 4 years was bought 1 month ago when the price dropped. As soon as
    the value increases, which is expected next month, it will be sold.

    (c) 10-year bonds were purchased this year. The bonds mature at the first of next year, and the company
    plans to sell the bonds if interest rates fall.

    (d) Bonds that will mature in 5 years are purchased. The company has a strategy to hold them to collect
    the contractual cash flows on the bonds.

    (e) A bond that matures in 10 years was purchased. The company is investing money set aside for an
    expansion project planned 10 years from now.
    BLACK THE ANSWER

    ed. As soon as Debt Investment - Fair Value

    r, and the company Debt Investment - Fair Value

    old them to collect Debt Investment - Amortized Cost

    set aside for an Debt Investment - Amortized Cost


    On January 1, 2015, Roosevelt Company purchased 12% bonds having a matu-
    rity value of $500,000 for $537,907.40. The bonds provide the bondholders with a 10% yield. They are dated
    January 1, 2015, and mature January 1, 2020, with interest receivable December 31 of each year. Roosevelt’s
    business model is to hold these bonds to collect contractual cash flows.
    Instructions
    (a) Prepare the journal entry at the date of the bond purchase.
    (b) Prepare a bond amortization schedule.
    (c) Prepare the journal entry to record the interest received and the amortization for 2015.
    (d) Prepare the journal entry to record the interest received and the amortization for 2016.

    Answer :

    (a) Prepare the journal entry at the date of the bond purchase.
    Debt Investment 537,907.40
    Cash

    (b) Prepare a bond amortization schedule.

    Schedule of Interest Revenue and Bond Premium Amortization


    12% Bonds Sold to Yield 10%

    Date Cash Received Carrying


    Amount of
    Interest Revenue Premium Amortized Bonds
    1/1/2015 537,907.40
    12/31/2015 60,000 53,790.74 6,209.26 531,698.14
    12/31/2016 60,000 53,169.81 6,830.19 524,867.95
    12/31/2017 60,000 52,486.80 7,513.20 517,354.75
    12/31/2018 60,000 51,735.47 8,264.53 509,090.22
    12/31/2019 60,000 50,909.78 9,090.22 500,000.00

    (c) Prepare the journal entry to record the interest received and the amortization for 2015.

    12/31/2015 Interest Receivable


    Debt Investment
    Interest Revenue

    1/1/2016 Cash
    Interest Receivable

    (d) Prepare the journal entry to record the interest received and the amortization for 2016.

    12/31/2015 Interest Receivable


    Interest Revenue

    1/1/2016 Cash
    Debt Investment
    Interest Receivable

    Assume the same information as text above, except that Roosevelt has an active
    trading strategy for these bonds. The fair value of the bonds at December 31 of each year-end is as follows.

    2015 $534,200 2018 $517,000


    2016 $515,000 2019 $500,000
    2017 $513,000

    Instructions
    (a) Prepare the journal entry to record the recognition of fair value for 2015.
    (b) Prepare the journal entry to record the recognition of fair value for 2016.

    Jawab :

    (a) Prepare the journal entry to record the recognition of fair value for 2015.

    CA 31/12/2015 531,698.14
    FV 31/12/2015 534,200.00

    Unrealized Holding Gain or


    Loss - Income 2,501.86

    Adjustment of Fair Value

    (b) Prepare the journal entry to record the recognition of fair value for 2016.

    Amortized Cost Fair Value

    Debt investments 524,867.95 515,000.00


    31/12/2016
    Previous fair value
    adjustment
    Fair value adjustment

    Unrealized Holding gain or loss - Income


    Fair Value Adjustment
    yield. They are dated
    each year. Roosevelt’s

    537,907.40

    60,000.00
    6,209.26
    53,790.74

    60,000
    60,000

    53,169.81
    53,169.81

    60,000
    6,830.19
    53,169.81

    ear-end is as follows.

    djustment of Fair Value 2,501.86


    Unrealized Holding gain or loss - Income 2,501.86

    Unrealized Holding Gain


    or Loss - Income

    (9,867.95)

    2,501.86
    (12,369.81)

    12,369.81
    12,369.81
    Pada tanggal 1 Januari 2015, Novotna Company membeli obligasi senilai €400.000 dengan tingkat bunga 8% dari Ag
    €369.114. Obligasi tersebut dibeli dengan hasil yang diharapkan sebesar 10%. Bunga dibayarkan setiap enam bulan
    Januari. Obligasi akan jatuh tempo pada tanggal 1 Januari 2020. Novotna Company berencana untuk memegang ob
    mengumpulkan arus kas kontraktual. Pada tanggal 1 Januari 2017, setelah menerima bunga, Novotna Company me
    seharga €370.726 untuk memenuhi kebutuhan likuiditasnya.

    Instruksi:
    (a) Siapkan jurnal untuk mencatat pembelian obligasi pada tanggal 1 Januari.
    (b) Siapkan jadwal amortisasi untuk obligasi tersebut.
    (c) Siapkan jurnal untuk mencatat bunga yang dibayarkan setiap enam bulan pada tanggal 1 Juli 2015, dan 31 Desem
    (d) Siapkan jurnal untuk mencatat penjualan obligasi pada tanggal 1 Januari 2017.
    (e) Asumsikan bahwa Novotna memilih opsi nilai wajar untuk investasi ini. Jika nilai wajar obligasi Aguirre adalah €3
    ngkat bunga 8% dari Aguirre Co. seharga
    rkan setiap enam bulan pada tanggal 1 Juli dan 1
    na untuk memegang obligasi tersebut untuk
    , Novotna Company menjual obligasi tersebut

    Juli 2015, dan 31 Desember 2015.

    ligasi Aguirre adalah €368.000 pada 31 Desember 2015, siapkan entri penyesuaian yang diperlukan.
    PT Investama pada tanggal 1 Januari 2018 membeli 1000 lembar obligasi PT Perludana, nominal Rp 100.000 perlem
    Suku bunga efektif 12% per tahun. Obligasi tersebut ditujukan untuk dipegang hingga akhir tahun. Berikut ini adalah
    31/12/2018 Rp 95,500,000
    31/12/2019 Rp 94,000,000
    31/12/2020 Rp 96,500,000

    Diminta :
    1 Tentukan nilai pembelian obligasi tersebut, buat jurnal pembelian
    2 Susu tabel amortisasi
    3 Buat ayat jurnal yang diperlukan sampai tanggal 31 Desember 2019
    4 Pada tanggal 1 Januari 2020 PT Investama merubah kebijakan model bisnisnya dengan menetapkan o
    yang diperlukan per 1 Juli 2020
    minal Rp 100.000 perlembat, jatuh tempo 1 Januari 2020, bunga 10% semi annually.
    tahun. Berikut ini adalah data nilai wajar obligasi PT Perludana per lembar per 31 desember :

    ya dengan menetapkan obligasi PT Perludana menjadi "trading". Buat ayat jurnal

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