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    Julia - Anand - Tugas - Asdos

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    1) Porter Company recorded journal entries for dividends received from Temple Corporation and equity income from Temple. Porter also recorded interest expense and bond premium payment on bonds payable. 2) Temple Corporation recorded a journal entry for interest income received and increase in investment in Porter bonds. 3) Consolidating entries were made to eliminate intercompany transactions including dividend income, interest income on bonds, and the bond investment balance. 4) A consolidated worksheet was prepared combining financial statement accounts for Porter, Temple, and consolidation adjustments for the year ended December 31, 20X2.

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    Julia - Anand - Tugas - Asdos

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    Julia Ananda
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    1) Porter Company recorded journal entries for dividends received from Temple Corporation and equity income from Temple. Porter also recorded interest expense and bond premium payment on bonds payable. 2) Temple Corporation recorded a journal entry for interest income received and increase in investment in Porter bonds. 3) Consolidating entries were made to eliminate intercompany transactions including dividend income, interest income on bonds, and the bond investment balance. 4) A consolidated worksheet was prepared combining financial statement accounts for Porter, Temple, and consolidation adjustments for the year ended December 31, 20X2.

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    Jawaban AKL christemsen

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    julia_anand_ tugas_asdos

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    1) Porter Company recorded journal entries for dividends received from Temple Corporation and equity income from Temple. Porter also recorded interest expense and bond premium payment on bonds payable. 2) Temple Corporation recorded a journal entry for interest income received and increase in investment in Porter bonds. 3) Consolidating entries were made to eliminate intercompany transactions including dividend income, interest income on bonds, and the bond investment balance. 4) A consolidated worksheet was prepared combining financial statement accounts for Porter, Temple, and consolidation adjustments for the year ended December 31, 20X2.

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    46 views4 pages

    Julia - Anand - Tugas - Asdos

    Uploaded by

    Julia Ananda
    1) Porter Company recorded journal entries for dividends received from Temple Corporation and equity income from Temple. Porter also recorded interest expense and bond premium payment on bonds payable. 2) Temple Corporation recorded a journal entry for interest income received and increase in investment in Porter bonds. 3) Consolidating entries were made to eliminate intercompany transactions including dividend income, interest income on bonds, and the bond investment balance. 4) A consolidated worksheet was prepared combining financial statement accounts for Porter, Temple, and consolidation adjustments for the year ended December 31, 20X2.

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    of 4

    Nadia Fadilla

    1810532056
    Asdos Akl 2

    P8-14
    a. Catat entri jurnal atau entri untuk 20X2 di Buku Porter terkait dengan investasinya di Temple
    Cash
    Investment in Temple Corporation Stock
    ( Mencatat dividen dari Temple : $ 10.000 x 0,6)

    Investment in temple corporation stock


    Income from subsidiary
    ( Mencatat pendapatan metode ekuitas : $30.000 x 0,6)

    b. Catat entri jurnal atau entri untuk 20X2 di buku Porter terkait dengan hutang obligasi.
    Interest Expense
    Bond Premium
    Cash
    (mencatat pembayaran bunga : $400 = ($82.000 - $80.000) / 5 t

    c. Catat entri jurnal atau entri untuk 20X2 di buku Temple yang terkait dengan investasinya dalam obligasi Porter.
    Cash
    Interest Income
    Investment in porter company bonds

    d. Siapkan entri konsolidasi yang diperlukan untuk melengkapi lembar kerja konsolidasi untuk 20X2.
    1) penghapusan pendapatan dari subsidiari
    Income from subsidiary
    Devidens declared
    Investment in Temple corporation stock

    2) Menetapkan pendapatan untuk bunga non-pengendali : $30.000 x 0,4 = $12.000


    Income to noncontrolling interest
    Dividends declared
    Noncontrolling interset

    3) Menghilangkan kepemilikan obligasi antar perusahaan :


    ($82.000 - $80.000) 3/5 = $1.200
    ($81.200 -$800) = $81.200
    Bonds payable
    Premium on bonds payable
    Interest income
    Investment in porter company bonds
    Interest expense

    e. Siapkan lembar kerja gabungan tiga bagian untuk 20X2


    Porter Company and Temple Corporation
    Consolidation Workpaper
    December 31,20X2
    Eliminatios
    Item Porter Co. Temple Corp.
    Debit
    Sales $ 200,000.00 $ 114,000.00
    Interest Income $ 6,000.00 $ 6,000.00
    Inteest from subsidiary $ 18,000.00 $ 18,000.00
    Credits $ 218,000.00 $ 120,000.00
    COGS $ 99,800.00 $ 61,000.00
    Depr Expense $ 25,000.00 $ 15,000.00
    Interest Expense $ 6,000.00 $ 14,000.00
    Debits $ 130,800.00 $ 90,000.00
    Consolidation net income
    Income to noncontrolling interest $ 12,000.00
    income ,carry forward $ 87,200.00 $ 30,000.00 $ 36,000.00
    Retained Earnings, Jan 1 $ 230,000.00 $ 50,000.00 $ 50,000.00
    Income from above $ 87,200.00 $ 30,000.00 $ 36,000.00
    $ 317,200.00 $ 80,000.00
    Dividends Declared $ 40,000.00 $ 10,000.00

    Retained Earnings, Dec 31,


    carry forward $ 277,200.00 $ 70,000.00 $ 86,000.00
    Cash and Accounts Receivable $ 80,200.00 $ 40,000.00
    Inventory $ 120,000.00 $ 65,000.00
    Buildings and Equipment $ 500,000.00 $ 300,000.00
    Investment in Temple corporation stock $ 102,000.00

    Investment in Porter company bonds debits $ 81,200.00


    $ 802,200.00 $ 486,200.00
    Accumulated Depreciation $ 175,000.00 $ 75,000.00
    Accounts payable $ 68,800.00 $ 41,200.00
    Bonds payable $ 80,000.00 $ 200,000.00 $ 80,000.00
    Bond Premium $ 1,200.00 $ 1,200.00
    Common Stock
    Porter Company $ 200,000.00
    Temple Corporation $ 100,000.00 $ 100,000.00
    Retained Earnings, from above $ 277,200.00 $ 70,000.00 $ 86,000.00
    Noncontrolling interest

    Credits $ 802,200.00 $ 486,200.00 $ 267,200.00


    $ 6,000.00
    $ 6,000.00

    $ 18,000.00
    $ 18,000.00

    $ 6,000.00
    $ 400.00
    $ 6,400.00

    inya dalam obligasi Porter.


    $ 6,400.00
    $ 6,000.00
    $ 400.00

    si untuk 20X2.

    $ 18,000.00
    $ 6,000.00
    $ 12,000.00

    $ 12,000.00
    $ 4,000.00
    $ 8,000.00

    $ 80,000.00
    $ 1,200.00
    $ 6,000.00
    $ 81,200.00
    $ 6,000.00
    Eliminatios
    Consolidated
    Credit
    $ 314,000.00

    $ 314,000.00
    $ 160,800.00
    $ 40,000.00
    $ 6,000.00 $ 14,000.00
    $ 214,800.00
    $ 99,200.00
    $ 12,000.00
    $ 6,000.00 $ 87,200.00
    $ 230,000.00
    $ 6,000.00 $ 87,200.00

    $ 6,000.00
    $ 4,000.00 $ 40,000.00

    $ 16,000.00 $ 277,200.00
    $ 120,200.00
    $ 185,000.00
    $ 800,000.00
    $ 12,000.00
    $ 90,000.00
    $ 81,200.00
    $ 1,105,200.00
    $ 250,000.00
    $ 110,000.00
    $ 200,000.00

    $ 200,000.00

    $ 16,000.00 $ 277,200.00
    $ 8,000.00
    $ 60,000.00 $ 68,000.00
    $ 267,200.00 $ 1,105,200.00

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