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Problem: The PT FELIA Equity account balance on December 31, 2020 is as follows: Share Capital-Preferrence, 8%, Rp 20.000 Par Share Capital-Ordinary, Rp 5.000 Par Share Premium-Preference Share Premium-Ordinary Retained Earnings Rp 6.000.000.000 20.000.000.000 300.000.000 12.000.000.000 9.000.000.000

Problem: The PT FELIA Equity account balance on December 31, 2020 is as follows: Share Capital-Preferrence, 8%, Rp 20.000 Par Share Capital-Ordinary, Rp 5.000 Par Share Premium-Preference Share Premium-Ordinary Retained Earnings Rp 6.000.000.000 20.000.000.000 300.000.000 12.000.000.000 9.000.000.000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Note: RP AND IDR The book I use: Intermediate Accounting, Kieso, ifrs Edition, Fourth Edition Questions in image
Problem: The PT FELIA Equity account balance on December 31, 2020 is as follows: Share Capital-Preferrence, 8%, Rp 20.000 Par Share Capital-Ordinary, Rp 5.000 Par Share Premium-Preference Share Premium-Ordinary Retained Earnings The following are transactions that occurred during 2021: a. Issued 30,000 preferred shares (SP), Rp 22,000 per share, in cash. b. Issued 60,000 common shares (SB) for land with a fair value of Rp 585,000,000. c. Issued a lump sum of 80,000 SB and 10,000 SP with a total price of IDR 990,000,000 It is known that the fair value of SB is Rp. 10,000, and SP is Rp. 22,000 per share. d. Stock split: 2 for 1 (SB's par value becomes IDR 2,500 per share). e. Buy back 40,000 common shares of the company at Rp 4,500 per share. f. Sold 10,000 treasury shares, Rp 4,000 per share. 6.000.000.000 20.000.000.000 300.000.000 12.000.000.000 9.000.000.000 Rp g. Declared cash dividends for: preferred shares, and IDR 500 per common share. h. Recorded a net profit of IDR 325,800,000,000. Requested: 1) Make a transaction recording journal for 2021. 2) Present a Statement of Financial Position, section "Equity" as of December 31, 2021.
Transcribed Image Text:Problem: The PT FELIA Equity account balance on December 31, 2020 is as follows: Share Capital-Preferrence, 8%, Rp 20.000 Par Share Capital-Ordinary, Rp 5.000 Par Share Premium-Preference Share Premium-Ordinary Retained Earnings The following are transactions that occurred during 2021: a. Issued 30,000 preferred shares (SP), Rp 22,000 per share, in cash. b. Issued 60,000 common shares (SB) for land with a fair value of Rp 585,000,000. c. Issued a lump sum of 80,000 SB and 10,000 SP with a total price of IDR 990,000,000 It is known that the fair value of SB is Rp. 10,000, and SP is Rp. 22,000 per share. d. Stock split: 2 for 1 (SB's par value becomes IDR 2,500 per share). e. Buy back 40,000 common shares of the company at Rp 4,500 per share. f. Sold 10,000 treasury shares, Rp 4,000 per share. 6.000.000.000 20.000.000.000 300.000.000 12.000.000.000 9.000.000.000 Rp g. Declared cash dividends for: preferred shares, and IDR 500 per common share. h. Recorded a net profit of IDR 325,800,000,000. Requested: 1) Make a transaction recording journal for 2021. 2) Present a Statement of Financial Position, section "Equity" as of December 31, 2021.
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