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Non Current Liability - Mhs

The document discusses the accounting treatment of bonds issued at par, a discount, and a premium. Specifically, it provides examples of bonds issued by Santos Company with various interest rates and market rates. It shows the calculation of present value of principal and interest for the bonds, the journal entries at issuance and interest payment dates, and the resulting bond discount or premium amounts.

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Ananda Loissa
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126 views36 pages

Non Current Liability - Mhs

The document discusses the accounting treatment of bonds issued at par, a discount, and a premium. Specifically, it provides examples of bonds issued by Santos Company with various interest rates and market rates. It shows the calculation of present value of principal and interest for the bonds, the journal entries at issuance and interest payment dates, and the resulting bond discount or premium amounts.

Uploaded by

Ananda Loissa
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Non Current Liability

At par
• Santos company issues $100.000 bonds dated January 1, 2011. due in
five years with 9 percent interest payable annually on January. At the
time of issue, the market rate for such bonds is 9 percent.
• Principal: 100.000 and interest: 9.000. Bunga pasar sebesar 9%
• PV of principle: 100.000 x 0,64993 (tabel 6.2) = 64.993
• PV of interest: 9.000 x 3,88965 (table 6.4) = 33.007
• Total = 64.993 + 35.007 = 100.000
• 9 % bunga berdasarkan market rate merupakan bunga efektif
(effective yield)
Valuation
i=8%
of Long-Term Bonds
n=10

PV of Principal

$2,000,000 x .46319 = $926,380


Principal Factor Present Value

LO 8 Solve present value problems related to deferred annuities and bonds.


Valuation
i=8%
of Long-Term Bonds
n=10

PV of Interest

$140,000 x 6.71008 = $939,411


Interest Payment Factor Present Value

LO 8 Solve present value problems related to deferred annuities and bonds.


• Jurnal:
1 January 2011 (jurnal penerimaan kas dari penjualan obligasi)
Cash 100.000
Bonds Payable 100.000
31 Desember 2011 (pengakuan biaya bunga) 9% dari 100.000
Biaya bunga obligasi 9.000
hutang bunga obligasi 9.000
Pembayaran bunga pada tahun pertama 1 Januari 2012
Hutang Bunga obligasi 9.000
Kas 9.000
Discount
• Santos company issues $100.000 bonds dated January 1, 2011. due in
five years with 9 percent interest payable annually on January. At the
time of issue, the market rate for such bonds is 11 percent.
• Principal: 100.000 and interest: 9.000. bunga pasar sebesar 11%
• PV of principle: 100.000 x 0,59345 (tabel 6.2) = 59.345
• PV of interest: 9.000 x 3,69590 (table 6.4) = 33.263,10
• Total = 59.345 + 33.263,10 = 92.608,10
• 100.000 – 92.608,10 = 7.392
Valuation
i=8%
of Long-Term Bonds
n=10

PV of Principal

$2,000,000 x .46319 = $926,380


Principal Factor Present Value

LO 8 Solve present value problems related to deferred annuities and bonds.


Valuation
i=8%
of Long-Term Bonds
n=10

PV of Interest

$140,000 x 6.71008 = $939,411


Interest Payment Factor Present Value

LO 8 Solve present value problems related to deferred annuities and bonds.


• Jurnal:
1 January 2011 (jurnal penerimaan kas dari penjualan obligasi)
Cash 92.608
Bonds Payable 92.608
31 Desember 2011 (pengakuan biaya bunga) 9% dari 100.000
Biaya bunga obligasi 9.000
hutang bunga obligasi 9.000
Biaya bunga.. 7.392
Hutang obligasi……7.392
Pembayaran bunga pada tahun pertama 1 Januari 2012
Hutang Bunga obligasi 9.000
Kas 9.000
discount

• Santos company issues $100.000 bonds dated January 1, 2011. due in


five years with 8 percent interest payable annually on January. At the
time of issue, the market rate for such bonds is 10 percent.
• Principal: 100.000 and interest: 8.000. bunga pasar sebesar 10%
• PV of principle: 100.000 x 0,62092 (tabel 6.2) = 62.092
• PV of interest: 8.000 x 3,79079 (table 6.4) =
• Total =
• 100.000 - =
Valuation
i=8%
of Long-Term Bonds
n=10

PV of Principal

$2,000,000 x .46319 = $926,380


Principal Factor Present Value

LO 8 Solve present value problems related to deferred annuities and bonds.


Valuation
i=8%
of Long-Term Bonds
n=10

PV of Interest

$140,000 x 6.71008 = $939,411


Interest Payment Factor Present Value

LO 8 Solve present value problems related to deferred annuities and bonds.


Effective-Interest
Effective-Interest Method
Method

Bonds Issued at a Discount


Illustration: Evermaster Corporation issued $100,000 of 8%
term bonds on January 1, 2011, due on January 1, 2016, with
interest payable each July 1 and January 1. Investors require an
effective-interest rate of 10%. Calculate the bond proceeds.
Illustration 14-6

LO 4 Apply the methods of bond discount and premium amortization.


Premium

• Santos company issues $100.000 bonds dated January 1, 2011. due in


five years with 9 percent interest payable annually on January. At the
time of issue, the market rate for such bonds is 6 percent.
• Principal: 100.000 and interest: 9.000. bunga pasar sebesar 6%
• PV of principle: 100.000 x 0,74726(tabel 6.2) = 74.726
• PV of interest: 9.000 x 4,21236 (table 6.4) = 37.911
• Total = 74.726 + 37.911 = 112.637
• 100.000 - 112.637= 12.637
Premium

• Santos company issues $100.000 bonds dated January 1, 2011. due in


five years with 8 percent interest payable annually on January. At the
time of issue, the market rate for such bonds is 5 percent.
• Principal: 100.000 and interest: 8.000. bunga pasar sebesar 5%
• PV of principle: 100.000 x 0,78353(tabel 6.2) = 78.353
• PV of interest: 8.000 x 4,32948 (table 6.4) = 34.635
• Total = 78.353 + 34.635 = 112.988
• 100.000 - 112.988= 12.988
Premium

• Santos company issues $100.000 bonds dated January 1, 2011. due in


five years with 10 percent interest payable annually on January. At the
time of issue, the market rate for such bonds is 9 percent.
• Principal: 100.000 and interest: 10.000. bunga pasar sebesar 9%
• PV of principle: 100.000 x 0,64993(tabel 6.2) = 64.993
• PV of interest: 10.000 x 3,88995 (table 6.4) = 38.896,5
• Total = 64.993 + 38.896,5 = 103.889
• 100.000 - 103.889 = 3.889
Effective-Interest
Effective-Interest Method
Method

Bonds Issued at a Premium


Illustration: Evermaster Corporation issued $100,000 of 8%
term bonds on January 1, 2011, due on January 1, 2016, with
interest payable each July 1 and January 1. Investors require an
effective-interest rate of 6%. Calculate the bond proceeds.
Illustration 14-8

LO 4 Apply the methods of bond discount and premium amortization.

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