NAMA : MUTMAINNAH

NIM : 21/486941/PEK/27925
KELAS : MATRIKULASI (A)

Bagian E12.4

a. Cash 48,000
Share Capital-Ordinary 5,000
Share Premium-Ordinary 43,000
(To record issuance of 1,000 €5 par ordinary
share)

b. Cash 48,000
Share Capital-Ordinary 5,000
Share Premium-Ordinary 43,000
(To record issuance of 1,000 €5 stated value no-
par shares)
c. Cash 48,000
Share Capital-Ordinary 48,000
(To record issuance of 1,000 no-par shares)

d. Organization Expense 48,000

Share Capital-Ordinary 5,000
Share Premium-Ordinary 43,000
(To record issuance of 1,000 €5 par value shares
to attorneys)

e. Land 48,000
Share Capital-Ordinary 5,000
Share Premium-Ordinary 43,000
(To record issuance of 1,000 €5 par value shares
for land)
Bagian P12.3
a. Journal Entry

2020
Feb. 1 Cash 120,000
Share Capital-Ordinary 30,000
Share Premium-Ordinary 90,000
(To record issuance of 30,000 €1 stated value
no-par shares)

Apr.14 Cash 42,000

Treasury Shares (9,000 × €1) 9,000
Share Premium-Treasury 33,000
(To record sale of 9,000 treasury shares for
€42,000 )
Sept.3 Patent 32,000
Share Capital-Ordinary (7,000 × €1) 7,000
Share Premium-Ordinary 25,000
(To record issuance of 1,000 €1 stated value
no-pare shares for patent)

Nov.10 Treasury Shares 6,000

Cash 6,000
(To record purchase of 1,000 treasury shares at
a cost of €6,000)

Dec.31 Income Summary 452,000

Retained Earnings 452,000
(To close income summary and transfer net
income to retained earnings )

b. Akun ekuitas
Share Capital-Preference
Date Explanation Ref. Debit Credit Balance
2020
Jan. 1 400,000 400,000

Share Capital-Ordinary
Date Explanation Ref. Debit Credit Balance
2020
Jan. 1 1,000,000 1,000,000
Feb. 1 J5 30,000 1,030,000
Sept. 3 J5 7,000 1,037,000
 Share Premium-Preference
Date Explanation Ref. Debit Credit Balance
2020
Jan. 1 100,000 100,000
Share Premium-Ordinary
Date Explanation Ref. Debit Credit Balance
2020
Jan. 1 1,450,000 1,450,000
Feb. 1 J5 90,000 1,540,000
Sept. 3 J5 25,000 1,565,000
Share Premium-Treasury
Date Explanation Ref. Debit Credit Balance
2020
Apr.14 J5 33,000 33,000

Retained Earnings
Date Explanation Ref. Debit Credit Balance
2020
Jan. 1 1,816,000 1,816,000
Des.31 J5 452,000 2,268,000

Treasury Shares-Ordinary
Date Explanation Ref. Debit Credit Balance
2020
Jan. 1 50,000 50,000
Apr.14 J5 9,000 41,000
Nov.10 J5 6,000 47,000
c. Equity section at December 31, 2020

Terrell SE
Statement of Financial Position (Partial)
at December 31,2020
Equity
Share capital-Preference (9%, €50 par, € 400,000
cumulative, 10,000 shares authorized, 8,000
shares issued and outstanding)
Share Capital-Ordinary (€1 stated value,
2,000,000 shares authorized, 1,037,000
shares issued and 1,020,000 outstanding) 1,037,000
Share Premium-Preference 100,000
Share Premium-Ordinary 1,565,000
Share Premium-Treasury 33.000
Retained Earnings 2,268,000
Less: Treasury Shares Ordinary (17,000 shares) 47.000
 Total Equity €5,356,000
 Disclosure:
Because of the cumulative feature, dividends of €36,000 (8.000 × 9% × €50) are in
arrears on preference shares for 2020.
Bagian P12.5
a. Reproduce retained earnings account

2020
Oct. 1 Cash Dividends 240,000
Dividends Payable 240,000
(To record declaration of cash dividends)

Apr.14 Share Dividends (250,000×€17×10%) 425,000

Ordinary Share Dividends Distributable 250,000
Share Premium-Ordinary 175,000
(To record declaration of share dividends)

Dec.31 Income Summary 585,000

Retained Earnings 585,000
(To close income summary and transfer net
income to retained earnings )

Retained Earnings 665,000

Cash Dividends 240,000
Share Dividends 425,000
(To close dividends to retained earnings)

Retained Earnings
Date Explanation Ref. Debit Credit Balance
2020
Jan. 1 1,158,000 1,158,000
Dec.31 585,000 1,743,000
665,000 1,078,000

b. Retained Earnings Statement

Russo SpA
Retained Earnings Statement
For the Year Ended December 31,2020
Balance, January 1 €1,158,000
Add: Net income 585,000
Less: Cash dividends €240,000
Share dividends 425,000 665,000
 Balance, December 31 €1,078,000

c. Equity section at December 31, 2020

Russo SpA
Statement of Financial Position (Partial)
at December 31,2020
Equity
Share capital-Preference (12,000 shares
issued) € 600,000
Share Capital-Ordinary (250,000 shares
issued) 2,500,000
Share Premium-Preference 250,000
Share Premium-Ordinary 425,000
Ordinary Share Dividend Distributable 250,000
Retained Earnings 1,078,000
Total Equity €5,103,000

d. Allocation of cash dividend to preference and ordinary shares

2020
Total dividend declaration €240,000
Allocation to preference shares
Dividends in arrears, 2019 (8%×50×12,000) €48,000
2020 dividends (8%×50×12,000) 48,000 96,000

Remainder allocated to ordinary shares €144,000