KUIS 1

AKM2 – D3 2018
Rabu, 8 April 2020, Sesuai Jam Perkuliahan Normal

Part 1- Current Liabilities, provisions, and Contingencies

PT Suci Akmal is a trading company that sell computers and also provide maintenance service for
customers (assurance type warranty and service type warranty). Service type warranty is provided not only
for their computers customer, but also other companies. Bellow are transaction of
PT Suci Akmal during March 2019. Assume that financial statement is prepared monthly and used
inventory perpetual system.

Date Transactions
March 1, 2019 PT Suci Akmal borrowed money Rp100.000.000 from PT Vera Daniel. The
detail of notes payable are, principle of note is Rp100.000.000, due date of
notes payable is July 1, 2019, interest is 8% (annual rate).
March 5, 2019 PT Suci Akmal sold 10 units computers by cash (Rp10.000.000/unit) and
VAT/PPN out 10%, the original costs Rp7.800.000/unit
March 8, 2019 PT Suci Akmal purchased 55 computers from PT Rizal Grace that cost
Rp8.000.000/unit on account.
March 15, 2019 PT Suci Akmal received money from PT Shidqi Ririn Rp50.000.000 for service
maintenance, but PT Suci Akmal not yet performed its service.
March 25, 2019 PT Suci Akmal performed their service to PT Putra Riris.
March 27, 2019 PT Suci Akmal purchase 5 computers from PT Fitri Adelia that cost
Rp10.000.000/unit. PT Suci Akmal pay Rp15.000.000 by cash and the rest is on
account.
March 30, 2019 PT Suci Akmal estimated the assurance type warranty in March 2019 is
Rp15.000.000
March 31, 2019 PT Suci Akmal accrue interest expense of note payable for March Financial
Statement

Instructions:
1) Prepare general journal of March 2019 for PT Suci Akmal!
2) Shows general ledger (you can use T account) for notes payable account and cash account!
Part 2- Non Current Liabilities
On January 1, 2018, PT Rifki Reza Tbk issued bond that has face value Rp100.000.000, 3 years,
interest paid annually start from December 31, 2018. The bond has market value 11% and stated value
9%. PT Rifki Reza paid interest regularly based on schedule, but at the due date of the bonds, PT Rifki
Reza could not pay the face/principle value amounted Rp100.000.000.

PT Rifki Reza modified / restructured the term of the bond:

in (Rp)
Face Value 60,000,000.00
N 2
I market 8%
I stated 7%
interest payment annually (start December 31, 2022)

Instruction:
- Please calculate PV of the bond on January 1, 2018!
- Please prepare schedule amortization of PT Rifki Reza from January 1, 2018 until December
31, 2020
- Please prepare journal entries for issuance of the bonds and interest payment (2018-2020)
- Please calculate PV of new bond at December 31, 2020!
- Prepare journal of bond extinguishment at December 31, 2020!