Name : Audya Intan Mutiarani

NIM : 20200420048

Answer Assignment Meeting 12 Intermediate Accounting II

Jan. 10 Cash (80,000 x $5) …………………………. 400,000
Share Capital – Ordinary
(80,000 X $2) ………………………. 160,000
Share Premium – Ordinary
(80,000 X $3) ………………………. 240,000

Mar. 1 Cash (5,000 X $108) ……………………….. 540,000

Share Capital – Preference
(5,000 X $50) ………………………. 250,000
Share Premium – Preference
(5,000 X $58) ………………………. 290,000

Apr. 1 Land ………………………………………… 80,000

Share Capital – Ordinary
(24,000 X $2) ………………………. 48,000
Share Premium – Ordinary
($80,000 - $48,000) ………………... 32,000

May. 1 Cash (80,000 X $7) ………………………... 560,000

Share Capital – Ordinary
(80,000 X $2) ……………………… 160,000
Share Premium – Ordinary
(80,000 X $5) ……………………… 400,000
Aug. 1 Organization Expense ………………………. 50,000
Share Capital – Ordinary
(10,000 X $2) ……………………….. 20,000
Share Premium – Ordinary
(10,000 X $7) ……………………….. 30,000

Sept. 1 Cash (10,000 X $9) …………………………. 90,000

Share Capital – Ordinary
(10,000 X $2) ……………………….. 20,000
Share Premium – Ordinary
(10,000 X $7) ……………………….. 70,000

Nov. 1 Cash (1,000 X $112) ………………………... 112,000

Share Capital – Preference
(1,000 X $50) ……………………….. 50,000
Share Premium – Preference
(1,000 X $62) ……………………….. 62,000