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    Andini Pratiwi
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    ACCOUNTING LIABILITIES

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    4 views5 pages

    Accounting Liabilities

    Uploaded by

    Andini Pratiwi

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 5

    NAMA : ANDINI PRATIWI

    NIM : 11200820000005

    KELAS : 2A AKUNTANSI

    TUGAS LIABILITIES

    1. EXERCISE 10 – 1
    July 1, 2017
    Cash 60.000
    Notes Payable 60.000
    November 1, 2017
    Cash 42.000
    Notes Payable 42.000
    December 1, 2017
    Interest Expense (€60.000 X 8% X 6/12) 2.400
    Interest Payable 2.400

    Interest Expense (€42.000 X 7% X 2/12) 490


    Interest Payable 490
    February 1, 2018
    Notes Payable 42.000
    Interest Payable 490
    Interest Expense 245
    Cash 42.735
    April 1, 2018
    Notes Payable 60.000
    Interest Payable 2.400
    Interest Expense 1.200
    Cash 63.600
    2. EXERCISE 10 – 2
    a) June 1 Cash 70.000
    Notes Payable 70.000
    b) June 30 Interest Expense 525
    Interest Payable [(€70.000 X 9%) X 1/12] 525
    c) Dec 1 Notes Payable 70.000
    Interest Payable (€70.000 X 9% X 6/12) 3.150
    Cash 73.150
    d) Interest Expense = €3.150
    3. EXERCISE 10 – 3
    a) Kemer A.S
    April 10 Cash 31.800
    Sales Revenue 30.000
    Sale Taxes Payable 1.800

    b) Bodrum A.S
    April 15 Cash 20.330
    Sales Revenue (t20.330/1.07) 19.000
    Sales Taxes Payable (t19.000 X 0.7) 1.330
    4. EXERCISE 10 – 4
    2017
    a) Nov. 30 Cash 216.000
    Unearned Subscription Revenue 216.000
    (12.000 X £18)
    b) Dec. 31 Unearned Subscription Revenue 18.000
    Subscription Revenue 18.000
    (£216.000 X 1/12)
    2018
    c) Mar. 31 Unearned Subscription Revenue 54.000
    Subscription Revenue 54.000
    (£216.000 X 3/12)
    5. EXERCISE 10 – 7
    Plan One Plan Two
    Issue Shares Issue Shares
    Income before interest and taxes ¥800.000 ¥800.000
    Interest (¥2.400.000 X 7%) 168.000
    Income before taxes 800.000 632.000
    Income tax expense (30%) 240.000 189.600
    Net income ¥560.000 ¥442.400
    Outstanding shares 150.000 90.000
    Earnings per share ¥3,73 ¥4,91
    6. EXERCISE 10 – 8
    2017
    a) Jan. 1 Cash 500.000
    Bonds Payable 500.000
    b) Dec. 31 Interest Expense (£500.000 X 10%) 50.000
    Interest Payable 50.000
    2018
    c) Jan. 1 Interest Payable 50.000
    Cash 50.000
    7. EXERCISE 10 – 9
    2017
    a) Jan. 1 Cash 400.000
    Bonds Payable 400.000
    b) Dec. 31 Interest Expense (R$400.000 X 8%) 32.000
    Interest Payable 32.000
    2018
    c) Jan. 1 Interest Payable 32.000
    Cash 32.000
    8. EXERCISE 10 – 10
    a) 1. Cash (€500.000 X 8%) 485.000
    Bonds Payable 485.000
    2. Annual interest payments (€500.000 X 8% X 5) €200.000
    Plus : Bond discount (€500.000 - €485.000) 15.000
    Total cost of borrowing €215.000
    b) 1. Cash (€500.000 X 105%) 525.000
    Bonds Payable 525.000
    2. Annual interest payments (€500.000 X 8% X 5) €200.000
    Less : Bond Premium (€525.000 - €500.000) 25.000
    Total cost of borrowing €175.000
    9. EXERCISE 10 – 11
    a) Jan. 1 Interest Payable (16.000.000 X 7%) 1.120.000
    Cash 1.120.000
    b) Jan. 1 Bonds Payable 6.000.000
    Loss on bond redemotion 180.000
    Cash (HK$6.000.000 X 103%) 6.180.000
    c) Dec. 31 Interest expense 700.000
    Interest payable (HK$10.000.000 X 7%) 700.000

    10. EXERCISE 10 – 13
    2017
    Insurance of Note
    Dec. 31 Cash 240.000
    Mortage Payable 240.000
    2018
    First installment payment
    Dec. 31 Interest expense (€240.000 X 6% X 6/12) 14.400
    Mortage payable 18.864
    Cash 33.264
    2019
    Second installment payment
    Dec. 31 Interest expense (€240.000 - €18.864) X 6% 13.268
    Mortage payable 19.996
    Cash 33.264
    11. PROBLEM 10 – 1A
    a) Jan. 5 Cash 22.470
    Sales Revenue (£22.470 /107%) 21.000
    Sales Taxes Payable 1.470
    (£22.470 - £21.000)
    Jan. 12 Unearned Service Revenue 10.000
    Service Revenue 10.000
    Jan. 14 Sales Taxes Payable 5.800
    Cash 5.800
    Jan. 20 Accounts Receivable 38.948
    Sales Revenue 36.400
    Sales Taxes Payable 2.548
    (700 X £52 X 7%)
    Jan. 21 Cash 14.000
    Notes Payable 14.000
    Jan. 25 Cash 12.947
    Sales Revenue (£12.947/107%) 12.100
    Sales Taxes Payable 847
    (£12.947 - £12.100)
    b) Jan. 31 Interest Expense 23
    Interest Payable 23
    (£14.000 X 6% X 1/12) = (£70 X 1/3)
    c) Current Liabilities
    Notes Payable £14.000
    Accounts Payable 52.000
    Unearned Service Revenue (£13.000 - £10.000) 3.000
    Sales Taxes Payable (£1.470 + £2.548 + £847) 4.865
    Interest Payable 23
    Total Current Liabilities £73.888
    12. PROBLEM 10 – 3A
    2017
    a) May. 1 Cash 600.000
    Bonds Payable 600.000
    b) Dec. 31 Interest Expense 36.000
    Interest Payable 36.000
    (CHF600.000 X 9% X 8/12)
    c) Non – Current Liabilities
    Bonds Payable, due 2017 CHF600.000
    Current Liabilities
    Interest Payable CHF36.000
    2018
    d) May. 1 Interest Payable 36.000
    Interest Expense 18.000
    (CHF600.000 X 9%X4/12)
    Cash 54.000
    e) Dec. 31 Interest Expense 36.000
    Interest Payable 36.000
    (CHF600.000 X 9%X8/12)
    2019
    f) Jan. 1 Interest Payable 36.000
    Cash 36.000
    Bonds Payable 600.000
    Loss on Bond Redemption 12.000
    Cash (CHF600.000 X 102%) 612.000

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