Nama: Aldini Nurul Aidha

NPM: 0119101068
Kelas: A
Mata Kuliah: Akuntansi Instrumen Keuangan

JAWABAN
E15.2
Prepare the journal entries to record the transactions.
ABERNATHY CORPORATION
Journal Entries
January 1, 2022
DAT DESCRIPTION DEBIT CREDIT
E
JAN Cash (80.000 x $5) 400.000
10 Share capital – Ordinary (80.000 x $2 ) 160.000
Share premium – Ordinary (80.000 x $3) 240.000
MAR Cash (5.000 x $108) 540.000
1 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 Cash (80.000 x $7) 560.000
1 Share capital – Ordinary (80.000 x $2 ) 160.000
Share premium – Ordinary (80.000 x $5) 400.000
AUG Organizational expense 50.000
1 Share capital – Ordinary (10.000 x $2) 20.000
Share premium – Ordinary (50.000 – 20.000) 30.000
SEPT Cash (10.000 x $9) 90.000
1 Share capital – Ordinary (10.000 x $2 ) 20.000
Share premium – Ordinary (10.000 x $7) 70.000
NOV Cash (1.000 x $112) 112.000
1 Share capital – Preference (1.000 x $50) 50.000
Share premium – Preference (1.000 x $62) 62.000
E15.7
NO. ASSETS LIABILITIES EQUITY SHARE RETAINED NET
PREMIUM EARNINGS INCOME
1. DECREASE NE DECREASE NE NE NE
2. INCREASE NE INCREASE NE DECREASE NE
3. INCREASE NE INCREASE INCREAS NE NE
E

P15.3
HATCH COMPANY
Partial Statement of Financial Position
December 31, 2021
EQUITY:
Share capital – preference, $20 par, 8% , 180.000 share issued
and outstanding $3.600.000
share capital – ordinary, $2,50 par, 4.100.000 share issued,
4.080.000 shares outstanding 10.250.000
13.850.000
Share premium – preferen 260.000
Share premium - ordinary 27.750.000
Share premium – treasury 10.000 28.020.000
Retained earnings 4.272.000
Treasury shares (20.000 ordinary share)
(200.000)
Total equity $45.942.000

Supporting balance are indicated in the following T-Accounts

Share Capital -Preference

  Bal. 3.000.000
1. 600.000
 Share preference-ordinary
  Bal. 27.000.000
4. 750.000
   
   
Rp 3.600.000
Rp 27.750.000

Share Capital – ordinary

  Bal. 10.000.000
1. 250.000
   
Rp 10.250.000

Retained Earnings
  Bal. 4.500.000
8. 188.000 10. 2.100.000
9. 2.000.000  
Rp 42.720.000

Share Premium - Preference

  Bal. 200.000
2. 60.000
   
Rp 260.000

Treasury Shares
6.
5. 300.000 100.000
   
Rp
200.000  

Share Premium - Preference

   7. 10.000
Rp 10.000

1. January 1 30.000 x $20

2. January 1 30.000 x $2
3. February 1 50.000 x $5
4. February 1 50.000 x $15
5. July 1 30.000 x $10
6. September 15 10.000 x $10
7. September 15 10.000 x $1
8. December 31 3.600.000 x 8%
9. December 31 4.080.000 x 50
10. December 31 net income

((2.000.000 + 50.000)x2)-30.000 +10.000

P15.6
a.
NO DESCRIPTION DEBIT CREDIT
.
1. Treasury share (280 x $97) 27.160
Cash 27.160
2. Retained earnings 90.400
Devidend payable( (4.800-280) x 90.400
$20)
3. Deviden payable 90.400
Cash 90.400
4. Cash (280 x $102) 28.560
Treasury shares 27.160
Share premium – Treasury (280 x 1.400
$5)
5. Treasury shares (500 x $105) 52.500
Cash 52.500
6. Cash (350 x $96) 33.600
Share premium – Treasury 1.400
Retained earnings 1.750
Treasury shares (350x $105) 36.750
 b.
WASHINGTON COMPANY
Statement of Financial Position (partial)
December 31, 2021
Equity
Share capital – Ordinary , $100 par value, $ 480.000
authorized 8,000 shares, 4.800 shares, 4.650 shares outstanding
Retained earnings $ 295.850
( $ 294.000 - $90.400 + $94.000 - $1.750)
Treasury shares (150 shares) ($15.750)
($52.500 - $ 36.750)
Total equity $760.100

P15.9
VICARIO CORPORATION

Stockholders’ Equity

Capital Stock:
Preferred stock: $100 par value, 10,000 shares $500,000
authorized, 5,000 shares issued and outstanding
Common stock: $50 par value, 15,000 shares $350,000
authorized, 7,000 shares issued
Total capital stock $850,000
Additional paid-in-capital:
In excess of par- preferred (5,000 shares × $13 $65,000
above par)
In excess of par - common stock $59,000
From treasury stock - Preferred $4,700
 $128,700
Total paid in capital $978,700
Retained earnings ($610,000-$312,600) $297,400
Total paid-in-capital and retained earnings $1,276,100
Less: Cost of treasury stock (300 shares - Common ($19,200)
@$64)
Total stockholders’ equity $1,256,900

Orginal issue= 7,000 shares ×$7 above par = $49,000

Divided issue= 1,000 share ×$10 above par = $10,000 +

= $59,000