Beruflich Dokumente
Kultur Dokumente
E(1)
b.
Eliminating entry, December 31, 20X6: E(1) Truk Laba Ditahan, 1 Januari Beban Penyusutan Akumulasi Penyusutan 90,000 30,000 5,000 115,000 $150,000 (35,000) $115,000
Penyesuaian Akumulasi Penyusutan: Diterima [($300,000 / 10 years) x 5 years] Dicatat [($210,000 / 6 years) x 1 year] Peningkatan diterima E7-6 a. (1) (2) (3) Realized Profit on Intercompany Sales Journal entries recorded by Nordway Corporation: Inventory Cash (Accounts Payable) Cash (Accounts Receivable) Sales Cost of Goods Sold Inventory
b.
Journal entries recorded by Olman Company: (1) (2) (3) Inventory Cash (Accounts Payable) Cash (Accounts Receivable) Sales Cost of Goods Sold Inventory 750,000 750,000 1,125,000 1,125,000 750,000 750,000
c.
E8-4
a. The bonds were originally sold at a discount. Stellar purchased the bonds at par value and a constructive loss was reported. b. The annual interest payment received by Stellar will be less than the interest expense recorded by the subsidiary. When bonds are sold at a discount, the issue price of the bonds is adjusted downward because the annual interest payment is less than is needed to issue the bonds at
par value. c. In 20X6, consolidated net income was decreased as a result of the loss on constructive retirement of bonds. Each period following the purchase, the amount of interest expense recorded by the subsidiary will exceed the interest income recorded by the parent. When these two amounts are eliminated, consolidated net income will be increased. Thus, consolidated net income for 20X7 will be increased.