FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
Bartleby Related Questions Icon

Related questions

Question
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.
expand button
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.
Expert Solution
Check Mark
Knowledge Booster
Background pattern image
Similar questions
Recommended textbooks for you
Text book image
FINANCIAL ACCOUNTING
Accounting
ISBN:9781259964947
Author:Libby
Publisher:MCG
Text book image
Accounting
Accounting
ISBN:9781337272094
Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:Cengage Learning,
Text book image
Accounting Information Systems
Accounting
ISBN:9781337619202
Author:Hall, James A.
Publisher:Cengage Learning,
Text book image
Horngren's Cost Accounting: A Managerial Emphasis...
Accounting
ISBN:9780134475585
Author:Srikant M. Datar, Madhav V. Rajan
Publisher:PEARSON
Text book image
Intermediate Accounting
Accounting
ISBN:9781259722660
Author:J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:McGraw-Hill Education
Text book image
Financial and Managerial Accounting
Accounting
ISBN:9781259726705
Author:John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:McGraw-Hill Education