Professional Documents
Culture Documents
PRACTICE EXERCISES
PE 15–1
PE 15–2
Cash................................................................................ 2,200
Brokerage Fees Expense .............................................. 300
Loss on Sale of Investments. ....................................... 500
Held-for-Trading Investments—Pebble Beech Corp. 3,000
PE 15–3
PE 15–4
PE 15–5
PE 15–6
PE 15–7
PE 15-8
EXERCISES
Ex. 15-1
a. Mar. 13 Held-for-Trading Investments—
Tannis Inc. Shares ....................................... 144,000*
Brokerage Fees Expense............................. 250
Cash ......................................................... 144,250
*(4,500 shares × $32)
Ex. 15-2
Ex. 15-3
a. 2014
Mar. 12 Held-for-Trading Investments—
Flin Flon City Bonds .................................... 36,000.00
Interest Receivable ...................................... 775.23*
Cash ......................................................... 36,775.23
*($36,000 × 6% × 131/365)
Ex. 15-4
1.
May. 20 Held-for-Trading Investments—Asher Corp. Bonds 105,000.00
Interest Receivable .................................................. 986.71*
Cash.................................................................... 105,986.71
*($105,000 × 7% x 49/365)
2.
Interest earned (May 20 to October 1) ................................................... $2,688.29
Interest earned on sold bonds (October 1 to November 1) ................. 237.81
Interest earned on remaining bonds (October 1 to December 31) ...... 1,134.38
Total interest earned in 2015 .................................................................. $4,060.48
Ex. 15-5
a. 2015
Dec. 31
Held-for-Trading Investments-RadTek Ltd. Shares .... 60,000
Unrealized Gain on Held-for-Trading Investments-
RadTek Ltd. Shares .................................................. 60,000
To record increase in fair value of trading investments.
[12,000 shares × ($21 per share – $16 per share)]
2016
Dec. 31
Unrealized Loss on Held-for-Trading Investments-
RadTek Ltd. Shares ....................................................... 12,000
Held-for-Trading Investments-RadTek Ltd. Shares 12,000
To record decrease in fair value of trading investments.
[12,000 shares × ($21 per share – $20 per share)]
Ex. 15-6
a. 2014
Dec. 31
Held-for-Trading Investments—Anderson Ltd. ........... 1,500
Held-for-Trading Investments—Paster Inc. ................. 1,100
Unrealized Loss on Held-for-Trading Investments ..... 400
Held-for-Trading Investments—Monix Inc. ............ 3,000
Fair Value
Total Dec. 31,
Cost 2014 Change
Anderson Ltd. $14,000 $15,500 $1,500
Monix Inc. 25,000 22,000 (3,000)
Paster Inc. 8,000 9,100 1,100
$47,000 $46,600 $ (400)
b. 2015
Apr. 3
Held-for-Trading Investments—Cookies Ltd. .............. 16,300*
Cash .......................................................................... 16,300
*(400 shares × $40.75 per share)
c. 2015
Dec. 31
Held-for-Trading Investments—Cookies Ltd. .............. 2,200
Held-for-Trading Investments—Monix Inc................... 2,000
Held-for-Trading Investments—Paster Inc. ................. 2,500
Held-for-Trading Investments—Anderson Ltd. ..... 1,300
Unrealized Gain on Held-for-Trading Investments. 5,400
Fair Value
Recorded Dec. 31,
Value 2015 Change
Anderson Ltd. $15,500 $14,200 $(1,300)
Cookies Ltd. 16,300 18,500 2,200
Monix Inc. 22,000 24,000 2,000
Paster Inc. 9,100 11,600 2,500
$62,900 $68,300 $5,400
Ex. 15-7
a.
1. 2014
Dec. 31
Held-for-Trading Investments—B&T Transportation Ltd 17,900
Held-for-Trading Investments—Citrus Foods Ltd....... 1,800
Held-for-Trading Investments—Stuart Housewares Ltd. 1,300
Unrealized Gain on Held-for-Trading Investments. 18,400
2. 2015
Dec. 31
Held-for-Trading Investments—Citrus Foods Ltd....... 900
Unrealized Loss on Held-for-Trading Investments. .... 4,900
Held-for-Trading Investments—B&T Transportation Ltd. 3,400
Held-for-Trading Investments—Stuart Housewares Ltd. 2,400
Fair Value
Recorded Dec. 31,
Value 2015 Change
B&T Transportation Ltd. $85,000 $81,600* $(3,400)
Citrus Foods Ltd. 31,500 32,400** 900
Stuart Housewares Ltd. 18,400 16,000*** (2,400)
$134,900 $130,000 $(4,900)
Ex. 15-8
a. 2015
Sept. 1 Held-to-Maturity Investments—
Jericho Corp. Bonds .................................... 120,000.00
Cash ......................................................... 120,000.00
b. 2015
Dec. 31 Interest Receivable…………………………… 2,386.85*
Interest Revenue ..................................... 2,386.85
*($120,000 × 6% × 121/365)
c. 2016
Mar. 1 Cash .............................................................. 3,600.00*
Interest Receivable ................................. 2,386.85
Interest Revenue ..................................... 1,213.15
*($120,000 × 6% × ½)
d. 2016
Mar. 1 Cash .............................................................. 40,800.00*
Gain on Sale of Investments .................. 800.00
Held-to-Maturity Investments—
Jericho Corp. Bonds .............................. 40,000.00
*($40,000 × 102%)
Ex. 15-9
a. 2015
Oct. 1 Held-to-Maturity Investments—
Stump Inc. Bonds......................................... 80,000.00
Cash ......................................................... 80,000.00
b. 2015
Dec. 31 Interest Receivable ...................................... 598.36*
Interest Revenue ..................................... 598.36
*($80,000 × 3% × 91/365)
c. 2016
Apr. 1 Cash .............................................................. 1,200.00*
Interest Receivable ................................. 598.36
Interest Revenue ..................................... 601.64
*($80,000 × 3% × ½)
d. 2016
Apr. 1 Cash .............................................................. 29,100.00*
Loss on Sale of Investments ....................... 900.00
Held-to-Maturity Investments—
Stump Inc. Bonds ................................... 30,000.00
*($30,000 × 97%)
Ex. 15-10
a. 2015
Jan. 21 Held-to-Maturity Investments—
Govt. of Canada Bonds ............................... 30,000.00
Interest Receivable ...................................... 98.63*
Cash ......................................................... 30,098.63
*($30,000 × 6% × 20/365)
b. 2015
Dec. 31 Interest Receivable ...................................... 540.00
Interest Revenue ..................................... 540.00
Accrued interest, $18,000 × 6% × ½.
Ex. 15-11
Ex. 15-12
2015
2025
Ex. 15-13
2015
a) June 1 Held-to-Maturity Investment –
Barron Company Bonds .............................. 111,600
Cash ......................................................... 111,600
2025
d) June 1 Cash .............................................................. 120,000
Held-to-Maturity Investment –
Barron Company Bonds......................... 120,000
Ex. 15-14
2015
a) June 1 Held-to-Maturity Investment –
Barron Company Bonds .............................. 111,600
Cash ......................................................... 111,600
2025
d) June 1 Cash .............................................................. 120,000
Held-to-Maturity Investment –
Barron Company Bonds......................... 120,000
Ex. 15-15
2015
Apr. 1 Held-to-Maturity Investment –
Cummins Corporation Bonds ..................... 15,504,000.00
Cash ......................................................... 15,504,000.00
2023
Apr. 1 Cash .............................................................. 16,000,000
Held-to-Maturity Investment –
Cummins Corporation Bonds ................ 16,000,000
Ex. 15-16
2015
Apr. 1 Held-to-Maturity Investment –
Cummins Corporation Bonds ..................... 15,504,000
Cash ......................................................... 15,504,000
2023
Apr. 1 Cash .............................................................. 16,000,000
Held-to-Maturity Investment –
Cummins Corporation Bonds ................ 16,000,000
Ex. 15-17
c) Because the bond was purchased at a premium, we know that the market rate of
interest was lower than the contract rate on the bond. Maureen Company was
willing to pay more in order to receive a higher rate of interest than they could
have received elsewhere at the time of acquisition.
Ex. 15-18
c) Because the bond was purchased at a premium, we know that the market rate of
interest was lower than the contract rate on the bond. Maureen Company was
willing to pay more in order to receive a higher rate of interest than they could
have received elsewhere at the time of acquisition.
Ex. 15-19
2015
Mar. 1 Held-to-Maturity Investment –
Dognaught Corporation Bonds ................... 20,340,000.00
Cash ......................................................... 20,340,000.00
2020
Mar. 1 Cash .............................................................. 20,000,000.00
Held-to-Maturity Investment –
Dognaught Corporation Bonds ............. 20,000,000.00
Ex. 15-20
2015
Mar. 1 Held-to-Maturity Investment –
Dognaught Corporation Bonds ................... 20,340,000.00
Cash ......................................................... 20,340,000.00
2020
Mar. 1 Cash .............................................................. 20,000,000.00
Held-to-Maturity Investment –
Dognaught Corporation Bonds ............. 20,000,000
Ex. 15-21
Ex. 15-22
Ex. 15-23
Ex. 15-24
Ex. 15-25
a.
1. 2014
Dec. 31
Available-for-Sale Investments – Barns Electronics Ltd....... 4,000
Available-for-Sale Investments – Ryan Corp. ........................ 2,600
Available-for-Sale Investments – Muskrat Lake Inc. ............. 2,300
Unrealized Gain on Available-for-Sale Investments - OCI..... 4,300
Fair Value
Dec. 31,
Total Cost 2014 Change
Barns Electronics Ltd. $42,500 $46,500* $4,000
Ryan Corp. 28,200 30,800** 2,600
Muskrat Lake Inc. 66,100 63,800*** (2,300)
$136,800 $141,100 $4,300
2. 2015
Dec. 31
b. There is no income statement impact from the December 31, 2015, adjusting entry.
Unrealized Gain (Loss) on Available-for-Sale Investments - OCI is closed to
Accumulated Other Comprehensive Income which is disclosed in the
Shareholders’ Equity section of the balance sheet. On December 31, 2015,
Accumulated Other Comprehensive Income would be disclosed as follows:
Ex. 15-26
a.
Welland Ltd.
Balance Sheet (selected items)
December 31, 2015
Assets
Current assets:
Available-for-sale investments, at fair value ........... $70,000
*Computation:
Market:
Kitchener Inc. 1,000 shares × $38 ....................... $38,000
Waterloo Ltd. bonds $5,000 × .98........................ 4,900
42,900
Cost ($32,000 + $5,000) ............................................. 37,000
Unrealized gain .......................................................... $ 5,900
b.
Welland Ltd.
Balance Sheet (selected items)
December 31, 2015
Shareholders’ Equity
Common Shares (500,000 authorized
100,000 issued and outstanding) ........................................ $328,000
Retained earnings ................................................................ 408,000
Accumulated other comprehensive income ...................... 5,900
Total shareholders’ equity $741,900
Ex. 15-27
1.
Unrealized Loss on Available-for-Sale Investments - OCI 45,000
Available-for-Sale Investments ............................................... 45,000
Toney Corporation
Shareholders’ Equity
December 31, 2015
Common shares .............................................................................. $340,000
Retained earnings ........................................................................... 570,000*
Accumulated other comprehensive income ................................. (10,000)**
Total shareholders’ equity ............................................................. $900,000
*($395,000 + $175,000)
**($35,000 – 45,000)
Ex. 15-28
a. 2015
Dec. 31
Unrealized Loss on Available-for-Sale Investments-OCI 70,000
Available-for-Sale Investments ............................... 70,000
10,000 shares × ($30 per share – $23 per share).
2016
Dec. 31
Available-for-Sale Investments .................................... 40,000
Unrealized Gain on Available-for Sale Investments 40,000
10,000 shares × ($27 per share – $23 per share).
Ex. 15-28 Concluded
Ex. 15-29
Ex. 15-30
a.
2015
Jan. 15 Investment in Krypton Labs Ltd. Shares................ 4,400,000*
Cash .............................................................. 4,400,000
*(80,000 shares × $55 per share)
Ex. 15-31
(in millions)
Investment in Eastern Inc. shares, December 31, 2015 .................... $90
Plus investment income in Eastern Inc. ............................................. 10
Less dividends received ...................................................................... (2)*
Investment in Eastern Inc. shares, December 31, 2016 .................... $98
*The Eastern Inc. investment is accounted for under the equity method. Since
there were no purchases or sales of Eastern Inc. shares, a dividend must have
been received. This would explain how the ending balance of the investment
account went from $90 million to $98 million. Since the investment is accounted
for under the equity method, the fair value is not used for valuation purposes.
Ex. 15-32
a.
2015
Jan. 3 Investment in Deerpark Ltd. Shares ....................... 3,522,400*
Cash .............................................................. 3,522,400
*(103,600 shares × $34 per share)
Ex. 15-33
Albert Co.
Statement of Comprehensive Income
For the Year Ended December 31, 2015
Net income .................................................................................................. $70,000
Other comprehensive income (loss):
Unrealized gain on available-for-sale investments .......................... 15,000*
Comprehensive income ............................................................................. $85,000
*1,500 shares × ($65 per share – $55 per share)
Ex. 15-34
Battleford Co.
Statement of Comprehensive Income
For the Year Ended December 31, 2015
Net income .................................................................................................. $135,000
Other comprehensive income (loss):
Unrealized loss on available-for-sale investments .......................... (19,000)*
Comprehensive income ............................................................................. $116,000
*$120,000 – $101,000
Ex. 15-35
Ex. 15–36
b. The dividend yield decreased from 0.13% in 2009 to 0.09% in 2010. The
decrease in the dividend yield is a result of a significant increase in the
closing share price of $40.06 per share ($154.45 – $114.39). Potash provides
a very small return to the shareholder in terms of a dividend yield.
Ex. 15-37
The investor would receive a return on the investment through share price
appreciation as internally generated funds are used to fund growth and earnings
opportunities. Thus, investors in eBay would likely approve of this policy,
because the company is able to earn superior returns with internally generated
earnings beyond what investors could likely earn on their own by investing
dividend distributions.
PROBLEMS
Prob. 15-1A
1.
2015
Jan. 3 Available-for-Sale Investments—Crossley Ltd. .... 255,000*
Brokerage Fees Expense ………………………........ 800
Cash .............................................................. 255,800
*(5,000 shares × $51 per share)
July 6 Memo; Crossley Ltd. share split 2:1; 10,000 shares outstanding at a cost
of $25.50 per share, or one-half of $51 per share.
2016
Jan. 5 Investment in Eastdale Inc. Shares ........................ 780,000
Cash .............................................................. 780,000
2016
Dec. 8 Cash ....................................................................... 8,100*
Dividend Revenue ........................................ 8,100
*(9,000 shares × $0.90 per share)
2.
Greek Products Ltd.
Statement of Financial Position (partial)
December 31, 2016
Current assets:
Available-for-sale investments (at fair value) ............. $252,000*
Noncurrent assets:
Investment in Eastdale Inc. shares (at equity) ........... $799,167**
Shareholders’ equity:
Retained earnings ......................................................... $785,000
Accumulated other comprehensive income:.............. 22,500***
*(9,000 shares × $28 per share)
**($780,000– $20,000 + $39,167)
***($54,000 – $31,500)
Prob. 15-2A
1.
2015
Feb. 3 Held-for-Trading Investments—Titan Inc. .............. 87,500*
Brokerage Fees Expense......................................... 500
Cash .............................................................. 88,000
*(2,500 shares × $35 per share)
Fair Value
Total Cost Dec. 31, 2015 Change
Quick Tyme Inc. $16,800 $18,000 * $1,200
Titan Inc. 66,500* 74,100** 7,600
$83,300 $92,100 $8,800
*$87,500 – $21,000 = $66,500
**1,200 shares x $15
***1,900 shares x $39
2016
Apr. 9 Held-for-Trading Investments—Aspire Inc. .......... 45,100*
Brokerage Fees Expense......................................... 165
Cash .............................................................. 45,265
*(1,100 shares × $41 per share)
*$45,100 - $8,200
**900 shares x $31
***1,200 shares x $16
****1,900 shares x $37
2.
Western Capital Inc.
Statement of Financial Position (partial)
December 31, 2016
Current assets:
Held-for-Trading investments (at fair value) .................... $117,400
Prob. 15-3A
1.
2015
May 1 Available-for-Sale Investments—Brandon City Bonds 60,000
Interest Receivable .................................................. 400
Cash .............................................................. 60,400
2015
Dec. 1 Cash ....................................................................... 3,360*
Interest Receivable ...................................... 280
Interest Revenue .......................................... 3,080
*($112,000 × 6% × ½)
Fair Value
Dec. 31,
Total Cost 2015 Change
2016
Mar. 1 Cash ....................................................................... 720*
Interest Receivable ...................................... 480
Interest Revenue .......................................... 240
*($36,000 × 4% × ½)
2.
Dollar-Mart Inc.
Statement of Financial Position (partial)
December 31, 2016
Current assets:
Available-for-sale investments (at fair value) .................. $147,640
Shareholders’ equity:
Retained earnings .............................................................. $310,000
Accumulated other comprehensive income: ................... (360)
Prob. 15-4A
1.
2016
Apr. 21 Available-for-Sale Investments—Winkler Resorts Ltd. 6,045*
Cash .............................................................. 6,045
*($20 × 300 shares + $45)
Fair Value
Recorded Dec. 31,
Value 2016 Change
Tyndale Inc. shares $16,000 $16,800* $800
UR-Smart Inc. shares 24,000 24,000** -
Winkler Resorts Ltd. shares 6,045 7,200*** 1,155
Vita Mighty Co. bonds 8,000 8,160**** 160
$54,045 $56,160 $2,115
*600 shares x $28
**1,200 shares x $20
***300 shares x $24
****$8,000 bond x 1.02
Prob. 15-5A
2015
Mar. 1 Held-to-Maturity Investments—Madison Co. ......... 34,200.00*
Interest Receivable .................................................. 150.00
Cash .............................................................. 34,350.00
*($36,000 × .95)
*($36,000 x 5% x 1/12)
2016
Feb. 1 Cash ....................................................................... 600.00*
Held-to-Maturity Investments—Madison Co. ......... 6.55
Interest Receivable ...................................... 500.00
Interest Revenue .......................................... 106.55**
*($24,000 x 5% x 6/12)
**[(34,200 + $48 - 11,416)x 5.6%/2 x 1/6]
Prob. 15-6A
1.
2014
Dec. 31 Held-for-trading Investment Munchkins Ltd. .. 1,000
Unrealized Loss on Investments ...................... 1,750
Held-for-trading Investment Carruthers
Brothers Inc. ................................................. 1,500
Held-for-trading Investment Jay Bird Ltd... 1,250
2015
Dec. 31 Held-for-trading Investment Munchkins Ltd. .. 1,700
Unrealized Loss on Investments ...................... 850
Held-for-trading Investment Carruthers
Brothers Inc. ................................................. 1,300
Held-for-trading Investment Jay Bird Ltd... 1,250
2016
Dec. 31 Held-for-trading Investment Carruthers
Brothers Inc. ...................................................... 2,300
Held-for-trading Investment Jay Bird Ltd. ....... 4,500
Held-for-trading Investment Munchkins Ltd. 1,200
Unrealized Gain on Investments ................. 5,600
Note: Held-to-maturity and Investment in associates are not revalued at year end.
2.
Jessie Inc.
Statement of Financial Position (Partial)
December 31, 2016
Current assets
Held-for-trading investments (at fair value) 59,500
Available-for-sale investments (at fair value) 95,000
Non-current assets
Held-to-maturity investments (at amortized cost) 56,550
Investments in associates 96,250
Shareholders' equity
Accumulated other comprehensive income 7,000
Prob. 15-1B
1.
2015
Jan. 10 Available-for-Sale Investments—Climbing Inc. .... 96,000*
Brokerage Fees Expense......................................... 1,500
Cash .............................................................. 97,500
*(2,000 shares × $48 per share)
Sept. 9 Memo, Climbing Inc. shares split 2:1; 4,000 shares outstanding at a
cost of $24 per share, or one-half of $48 per share.
2016
Jan. 5 Investment in Roy Ball Inc. Shares ......................... 370,000
Cash .............................................................. 370,000
2.
Hampton Ltd.
Statement of Financial Position (partial)
December 31, 2016
Current assets:
Available-for-sale investments (at fair value) .................. $77,000*
Noncurrent assets:
Investment in Roy Ball Inc. shares (at equity) ................. $366,500**
Shareholders’ equity:
Retained earnings $280,000
Accumulated other comprehensive income .................... (7,000)***
*3,500 shares × $22 per share
**$370,000 – $42,000 + $38,500
***$10,500 - $17,500
Prob. 15-2B
1.
2015
Feb. 21 Held-for-Trading Investments—Loral Ltd. ............ 75,000*
Brokerage Fees Expense......................................... 600
Cash .............................................................. 75,600
*(3,000 shares × $25 per share)
Fair Value
Total Cost Dec. 31, 2015 Change
Loral Ltd. $55,000* $52,800** $(2,200)
Monarch Inc. 46,800 43,200*** (3,600)
$101,800 $96,000 $(5,800)
*$75,000 - $20,000
**2,200 shares x $24
***900 shares x $48
2016
May 11 Held-for-Trading Investments—Echelon Co. ........ 28,800*
Brokerage Fees Expense......................................... 160
Cash .............................................................. 28,960
*(1,600 shares × $18 per share)
§ 259. P. 137, l. 15: Ensi par les Englès.—Ms. d’Amiens: Ensi par
les Englès estoit ars et essilliés, robéz et pilliéz li bons pays et li cras
de Normendie. Ces nouvelles vinrent au roy de France qui se tenoit
à Paris, coumment li roys englès estoit en Constentin et gastoit tout
devant lui. Dont dist li roys que jammais ne retourroient li Englèz, si
aroient estet combatu, et les destourbiers et anois qu’il faisoient à
ses gens, rendus. Si fist li roys lettrez escripre à grant fuison, et
envoya premierement deviers ses bons amis de l’Empire, pour ce
qu’il li estoient plus lontain, au gentil et noble roy de Behaingne, et
ossi à monseigneur Charlon de Behaingne, son fil, qui s’appelloit
roys d’Allemaingne, et l’estoit par l’ayde et pourkas dou roy Carlon,
son père, dou roy de Franche, et avoit jà encargiet lez armes de
l’Empire. Si les pria li roys de Franche si acertes que oncques peult,
que il venissent o tout leur effort, car il volloit aller contre les Englès
qui li ardoient son pays. Chil dessus dit seigneur ne se veurent mies
excuzer, ains fissent leur amas de gens d’armes allemans,
behaignons et luzenboursins, et s’en vinrent deviers le roy
efforchiement. Ossi escripsi li roys au duc de Lorainne, qui le vint
servir à plus de quatre cens lanchez. Et y vint li comtez de Saumes
en Saumois, li comtez de Salebrugez, li comtez Loeys de Flandres, li
comtez Guillaumme de Namur, chacuns à moult belle routte.
Encorrez escripsi li roys et manda especialment monseigneur Jehan
de Haynnau, qui nouvellement s’estoit aloiiés à lui par le pourkas
dou comte Loeys de Blois, son fil, et dou seigneur de Faignoelles. Si
vint li dis chevaliers, messires Jehans de Haynnau, servir le roy
moult estoffeement et à grant fuisson de bonne bachelerie de
Haynnau et d’ailleurs. Dont li roys eult grant joie de sa venue, et le
retint pour son corps et de son plus privet et especial consseil. Li
roys de Franche manda tout partout gens d’armes là où il lez pooit
avoir, et fist une des grandez et des grossez assambléez de grans
seigneurs et de chevaliers, qui oncques ewist estet en Franche, ne à
Tournay, ne ailleurs. Et pour ce que il mandoit ensi tout partout gens
et en lontains pays, il ne furent mies sitos venu ne assamblé;
ainchoys eut li roys englèz mout mal menet le pays de Constentin,
de Normendie et de Pikardie, enssi comme vous oréz recorder chi
enssuiwant. Fº 90.
—Ms. de Rome: Ensi, en ce temps dont je parole, que on compta
en l’an de grasce mil trois cens et quarante siis, fu gastés et essilliés
li bons pais et li cras de Normendie, de quoi les plaintes grandes et
dolereuses en vinrent au roi Phelippe de Valois, qui se tenoit ens ou
palais à Paris. Et li fu dit: «Sire, li rois d’Engleterre est arivés en
Coustentin à poissance de gens d’armes et d’archiers, et vient tout
essillant et ardant le pais, et sera temprement à Can, et tout ce
cemin li fait faire messires Godefrois de Harcourt. Il faut que vous i
pourveés.»—«Par m’ame et par mon corps, respondi li rois,
voirement i sera pourveu.» Lors furent mis clers en oevre pour
lettres escrire à pooir, et sergans d’armes et messagiers envoiiés
partout [deviers] signeurs et tenavles de la couronne de France. Li
bons rois de Boesme ne fu pas oubliiés à mander, ne mesires Carles
ses fils, qui jà s’escripsoit rois d’Alemagne, quoi que Lois de Baivière
fust encores en vie. Mais par la promotion de l’Eglise et auquns
eslisseurs de l’empire de Ronme, on avait esleu Carle de Boesme à
estre rois d’Alemagne et emperères de Ronme; car li Baiviers estoit
jà tous viels, et aussi il n’avoit pas fait à la plaisance des Ronmains,
ensi que il est escript et contenu ichi desus en l’istore. Si furent
mandé li dus de Lorrainne, li contes de Salebruce, li contes de
Namur, li contes de Savoie et messires Lois de Savoie, son frère, le
conte de Genève et tous les hauls barons, dont li rois devoit ou
pensoit à estre servis. Et aussi [fu escript] as honmes des chités,
des bonnes villes, des prevostés, bailliages, chastelleries et mairies
dou roiaulme de France, que tout honme fuissent prest. Et lor
estoient jour asignet, là où casquns se deveroit traire et faire sa
moustre, car il voloit aler combatre les Englois, liquel estoient entré
en son roiaume. Tout chil qui mandé et escript furent, se pourveirent
et s’estofèrent de tout ce que à euls apertenoit, et ne fu pas sitos
fait. Avant eurent les Englois cevauchiet, ars et essilliet moult dou
roiaulme de France.
Si furent ordonné de par le roi et son consel, sitos que les
nouvelles furent venues que li rois d’Engleterre estoit arivés en
Coustentin, mesires Raouls, contes d’Eu et de Ghines et
connestables de France, et li contes de Tanqarville, cambrelenc de
France, à cevauchier quoitousement en Normendie, et li traire en la
bonne ville de Can, et là asambler sa poissance de gens d’armes et
faire frontière contre les Englois. Et lor fu dit et conmandé, tant que il
amoient lor honneur, que il se pourveissent, tellement que les
Englois ne peuissent passer la rivière d’Ourne qui court à Can et
s’en va ferir en la mer. Chil signeur obeirent et dissent que il en
feroient lor pooir et lor devoir, et se departirent en grant arroi de
Paris et s’en vinrent à Roem, et là sejournèrent quatre jours, en
atendant gens d’armes qui venoient de tous lés, et puis s’en
departirent; car il entendirent que li rois d’Engleterre estoit venus
jusques à Saint Lo le Coustentin. Et cevauchièrent oultre et vinrent à
Can, et là s’arestèrent et fissent lors pourveances telles que elles
apertiennent à faire à gens d’armes qui se voellent acquiter et
combatre lors ennemis. Encores fu escrips et mandés dou roi
Phelippe messires Jehans de Hainnau, qui s’estoit tournés François,
ensi que vous savés. Si vint servir le roi moult estofeement et bien
accompagniés de chevaliers et d’esquiers de Hainnau et de Braibant
et de Hasbain, et se contenta grandement li rois Phelippes de sa
venue. Si venoient et aplouvoient gens d’armes, de toutes pars, pour
servir le roi de France et le roiaulme, les auquns qu’il i estoient tenu
par honmage, et les aultres pour gaegnier lors saudées et deniers.
Si ne porent pas sitos chil des lontainnes marces venir que fissent li
proçain, et les Englois ceminoient tout dis avant. Fº 112.
Voir aussi Sup. var. (n. d. t.)