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    Non Current Liability - Mhs

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    Ananda Loissa
    The document discusses the accounting treatment of bonds issued at par, a discount, and a premium. Specifically, it provides examples of bonds issued by Santos Company with various interest rates and market rates. It shows the calculation of present value of principal and interest for the bonds, the journal entries at issuance and interest payment dates, and the resulting bond discount or premium amounts.

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    © All Rights Reserved
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    Non Current Liability - Mhs

    Uploaded by

    Ananda Loissa
    79 views36 pages
    The document discusses the accounting treatment of bonds issued at par, a discount, and a premium. Specifically, it provides examples of bonds issued by Santos Company with various interest rates and market rates. It shows the calculation of present value of principal and interest for the bonds, the journal entries at issuance and interest payment dates, and the resulting bond discount or premium amounts.

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    AKM 2

    Original Title

    Non Current Liability_mhs

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    © © All Rights Reserved

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    The document discusses the accounting treatment of bonds issued at par, a discount, and a premium. Specifically, it provides examples of bonds issued by Santos Company with various interest rates and market rates. It shows the calculation of present value of principal and interest for the bonds, the journal entries at issuance and interest payment dates, and the resulting bond discount or premium amounts.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    79 views36 pages

    Non Current Liability - Mhs

    Uploaded by

    Ananda Loissa
    The document discusses the accounting treatment of bonds issued at par, a discount, and a premium. Specifically, it provides examples of bonds issued by Santos Company with various interest rates and market rates. It shows the calculation of present value of principal and interest for the bonds, the journal entries at issuance and interest payment dates, and the resulting bond discount or premium amounts.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 36

    Non Current Liability

    At par
    • Santos company issues $100.000 bonds dated January 1, 2011. due in
    five years with 9 percent interest payable annually on January. At the
    time of issue, the market rate for such bonds is 9 percent.
    • Principal: 100.000 and interest: 9.000. Bunga pasar sebesar 9%
    • PV of principle: 100.000 x 0,64993 (tabel 6.2) = 64.993
    • PV of interest: 9.000 x 3,88965 (table 6.4) = 33.007
    • Total = 64.993 + 35.007 = 100.000
    • 9 % bunga berdasarkan market rate merupakan bunga efektif
    (effective yield)
    Valuation
    i=8%
    of Long-Term Bonds
    n=10

    PV of Principal

    $2,000,000 x .46319 = $926,380


    Principal Factor Present Value

    LO 8 Solve present value problems related to deferred annuities and bonds.


    Valuation
    i=8%
    of Long-Term Bonds
    n=10

    PV of Interest

    $140,000 x 6.71008 = $939,411


    Interest Payment Factor Present Value

    LO 8 Solve present value problems related to deferred annuities and bonds.


    • Jurnal:
    1 January 2011 (jurnal penerimaan kas dari penjualan obligasi)
    Cash 100.000
    Bonds Payable 100.000
    31 Desember 2011 (pengakuan biaya bunga) 9% dari 100.000
    Biaya bunga obligasi 9.000
    hutang bunga obligasi 9.000
    Pembayaran bunga pada tahun pertama 1 Januari 2012
    Hutang Bunga obligasi 9.000
    Kas 9.000
    Discount
    • Santos company issues $100.000 bonds dated January 1, 2011. due in
    five years with 9 percent interest payable annually on January. At the
    time of issue, the market rate for such bonds is 11 percent.
    • Principal: 100.000 and interest: 9.000. bunga pasar sebesar 11%
    • PV of principle: 100.000 x 0,59345 (tabel 6.2) = 59.345
    • PV of interest: 9.000 x 3,69590 (table 6.4) = 33.263,10
    • Total = 59.345 + 33.263,10 = 92.608,10
    • 100.000 – 92.608,10 = 7.392
    Valuation
    i=8%
    of Long-Term Bonds
    n=10

    PV of Principal

    $2,000,000 x .46319 = $926,380


    Principal Factor Present Value

    LO 8 Solve present value problems related to deferred annuities and bonds.


    Valuation
    i=8%
    of Long-Term Bonds
    n=10

    PV of Interest

    $140,000 x 6.71008 = $939,411


    Interest Payment Factor Present Value

    LO 8 Solve present value problems related to deferred annuities and bonds.


    • Jurnal:
    1 January 2011 (jurnal penerimaan kas dari penjualan obligasi)
    Cash 92.608
    Bonds Payable 92.608
    31 Desember 2011 (pengakuan biaya bunga) 9% dari 100.000
    Biaya bunga obligasi 9.000
    hutang bunga obligasi 9.000
    Biaya bunga.. 7.392
    Hutang obligasi……7.392
    Pembayaran bunga pada tahun pertama 1 Januari 2012
    Hutang Bunga obligasi 9.000
    Kas 9.000
    discount

    • Santos company issues $100.000 bonds dated January 1, 2011. due in


    five years with 8 percent interest payable annually on January. At the
    time of issue, the market rate for such bonds is 10 percent.
    • Principal: 100.000 and interest: 8.000. bunga pasar sebesar 10%
    • PV of principle: 100.000 x 0,62092 (tabel 6.2) = 62.092
    • PV of interest: 8.000 x 3,79079 (table 6.4) =
    • Total =
    • 100.000 - =
    Valuation
    i=8%
    of Long-Term Bonds
    n=10

    PV of Principal

    $2,000,000 x .46319 = $926,380


    Principal Factor Present Value

    LO 8 Solve present value problems related to deferred annuities and bonds.


    Valuation
    i=8%
    of Long-Term Bonds
    n=10

    PV of Interest

    $140,000 x 6.71008 = $939,411


    Interest Payment Factor Present Value

    LO 8 Solve present value problems related to deferred annuities and bonds.


    Effective-Interest
    Effective-Interest Method
    Method

    Bonds Issued at a Discount


    Illustration: Evermaster Corporation issued $100,000 of 8%
    term bonds on January 1, 2011, due on January 1, 2016, with
    interest payable each July 1 and January 1. Investors require an
    effective-interest rate of 10%. Calculate the bond proceeds.
    Illustration 14-6

    LO 4 Apply the methods of bond discount and premium amortization.


    Premium

    • Santos company issues $100.000 bonds dated January 1, 2011. due in


    five years with 9 percent interest payable annually on January. At the
    time of issue, the market rate for such bonds is 6 percent.
    • Principal: 100.000 and interest: 9.000. bunga pasar sebesar 6%
    • PV of principle: 100.000 x 0,74726(tabel 6.2) = 74.726
    • PV of interest: 9.000 x 4,21236 (table 6.4) = 37.911
    • Total = 74.726 + 37.911 = 112.637
    • 100.000 - 112.637= 12.637
    Premium

    • Santos company issues $100.000 bonds dated January 1, 2011. due in


    five years with 8 percent interest payable annually on January. At the
    time of issue, the market rate for such bonds is 5 percent.
    • Principal: 100.000 and interest: 8.000. bunga pasar sebesar 5%
    • PV of principle: 100.000 x 0,78353(tabel 6.2) = 78.353
    • PV of interest: 8.000 x 4,32948 (table 6.4) = 34.635
    • Total = 78.353 + 34.635 = 112.988
    • 100.000 - 112.988= 12.988
    Premium

    • Santos company issues $100.000 bonds dated January 1, 2011. due in


    five years with 10 percent interest payable annually on January. At the
    time of issue, the market rate for such bonds is 9 percent.
    • Principal: 100.000 and interest: 10.000. bunga pasar sebesar 9%
    • PV of principle: 100.000 x 0,64993(tabel 6.2) = 64.993
    • PV of interest: 10.000 x 3,88995 (table 6.4) = 38.896,5
    • Total = 64.993 + 38.896,5 = 103.889
    • 100.000 - 103.889 = 3.889
    Effective-Interest
    Effective-Interest Method
    Method

    Bonds Issued at a Premium


    Illustration: Evermaster Corporation issued $100,000 of 8%
    term bonds on January 1, 2011, due on January 1, 2016, with
    interest payable each July 1 and January 1. Investors require an
    effective-interest rate of 6%. Calculate the bond proceeds.
    Illustration 14-8

    LO 4 Apply the methods of bond discount and premium amortization.

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