NAMA : MUTMAINNAH

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

Bagian E13.4
a. Journal entries

Feb. 1 Share Investments (600 × £10.3) 6,200

Cash 6,200
(To record purchase of 600 ordinary shares of
Ronn)

July. 1 Cash 600

Dividend Revenue (600 × £1) 600
(To record receipt of cash dividend)

Sept. 1 Cash 4,300

Share Investments (300 × £10.3) 3,100
Gain on sale of Share Investments 1,200
(To record sale of Ronn shares)

Dec. 1 Cash (300 × £1) 300

Dividend Revenue 300
(To record receipt of cash dividend)

b. Diann Ltd. Reports Dividend revenue and Gain on sale under “Other income and expense” in
the income statement.

Bagian E13.8
a. Journal entries for Chicory Cosmetics

2020
March. 18 Share Investments (200,000 × 15% × €13) 390,000
Cash 390,000
(To record purchase of 30,000 ordinary shares
of Racine Fashion)

June. 30 Cash 9,000

Dividend Revenue (€60,000 × 15%) 9,000
(To record receipt of cash dividend)
Dec. 31 Fair Value Adjustments-Non Trading 60,000
Unrealized Gain or Loss-Equity 60,000
(€450,000 - €390,000)
(To record unrealized gain on non-trading
securities)

*Cost (30,000 × €13) €390,000

Fair value (30,000 × €15) 450,000
Unrealized gain € 60,000

b. Journal entries for Frank Ltd.

2020
Jan. 1 Share Investments (30,000 × 30% × €9) 81,000
Cash 81,000
(To record purchase of 9,000 ordinary shares
of Nowak)

June. 15 Cash 9,000

Dividend Revenue (€30,000 × 30%) 9,000
(To record receipt of cash dividend)

Dec. 31 Share Investments (€80,000 × 30%) 24,000

Revenue from Share Investments 24,000
(To record 30% equity in Nowak’s net
income)

Bagian P13.1
a. Journal Entries

2020
Jan. 1 Debt Investments 2,000,000
Cash 2,000,000
(To record purchase of Franco bonds)

Dec. 31 Interest Receivable 140,000

Interest Revenue (HK$2,000,000 × 7%) 140,000
(To accrue interest on Franco bonds )

2023
Jan. 1 Cash 140,000
Interest Receivable 140,000
(To record receipt of interest on Franco bonds)
Jan. 1 Cash (HK$1,000,000 × 105%) 1,050,000
Gain on Sale of Debt Investments 50,000
Debt Investments 1,0000,000
(To record sale of Franco bonds )

Dec. 31 Interest Receivable 70,000

Interest Revenue (HK$1,000,000 × 7%) 70,000
(To accru interest on Franco bonds )

b. The statement of financial position presentation of the bonds and interest receivable at
December 31, 2020. Assume the investment are considered long-term.

Yuen Long Carecenters Ltd.

Statement of Financial Position
December 31, 2020
Assets
Investments
Investments in held-for-collection debt HK$2,000,000
securities, at amortized cost
Current assets
Interest Receivable 140,000