ELIMINATION ENTRIES (INTERCOMPANY PROFIT - INVENTORIES)

Selling Affiliate Is the Parent (DOWNSTREAM SALES) METHOD

COMPLETE EQUITY Sales Purchases (Cost of Sales) Elimination for Intercompany Sales xxx xxx
Recognition of Intercompany Profit in Beginning Inventory Realized During the Year

Investment in Subsidiary Beginning Inventory - Income Statement (Cost of Sales)

xxx xxx xxx xxx

To Elimination for Ending Ending Inventory (Cost

COST & PARTIAL EQUITY

Sales Purchases (Cost of Sales)

xxx

R/E - Parent (beginning) xxx Beginning Inventory - Income Statement (Cost of Sales)

Ending Inventory (Cost

Selling Affiliate Is a Subsidiary (UPSTREAM SALES) METHOD

COMPLETE EQUITY Sales Purchases (Cost of Sales) Elimination for Intercompany Sales xxx
Recognition of Intercompany Profit in Beginning Inventory Realized During the Year

To Elimination for Ending

Investment in Subsidiary xxx Noncontrolling Interest in Equity Beginning Inventory - Income Statement (Cost of Sales)

xxx xxx xxx xxx xxx xxx

Ending Inventory (Cost

COST & PARTIAL EQUITY

Sales Purchases (Cost of Sales)

xxx

R/E - Parent (beginning) xxx Noncontrolling Interest in Equity Beginning Inventory - Income Statement (Cost of Sales)

Ending Inventory (Cost

Advanced Accounting / Jeter & Chaney 4th Ed. / Elimination Entries (Intercompany Profit - Inventories) / Henny Wirianata, SE, MSi, Ak.

elling Affiliate Is the Parent (DOWNSTREAM SALES)

To Elimination for Intercompany Profit in Ending Inventory Ending Inventory (Cost of Sales) xxx Inventory (Balance Sheet) xxx

Ending Inventory (Cost of Sales) Inventory (Balance Sheet)

xxx xxx

Selling Affiliate Is a Subsidiary (UPSTREAM SALES)

To Elimination for Intercompany Profit in Ending Inventory Ending Inventory (Cost of Sales) Inventory (Balance Sheet) xxx xxx

Ending Inventory (Cost of Sales) Inventory (Balance Sheet)

xxx xxx

nation Entries (Intercompany Profit - Inventories) / Henny Wirianata, SE, MSi, Ak.

ELIMINATION ENTRIES (INTERCOMPANY LOSS - INVENTORIES)

Selling Affiliate Is the Parent (DOWNSTREAM SALES) METHOD
COMPLETE EQUITY Sales Purchases (Cost of Sales) Elimination for Intercompany Sales xxx
Recognition of Intercompany Loss in Beginning Inventory Realized During the Year

Beginning Inventory - Income xxx Statement (Cost of Sales) Investment in Subsidiary Beginning Inventory - Income xxx Statement (Cost of Sales) R/E - Parent (beginning)

To Elimination for Ending Inventory (Balance She xxx

xxx

COST & PARTIAL EQUITY

Sales Purchases (Cost of Sales)

xxx

Inventory (Balance She xxx xxx

Selling Affiliate Is a Subsidiary (UPSTREAM SALES) METHOD

COMPLETE EQUITY Sales Purchases (Cost of Sales) Elimination for Intercompany Sales xxx
Recognition of Intercompany Loss in Beginning Inventory Realized During the Year

To Elimination for Ending

Beginning Inventory - Income xxx Statement (Cost of Sales) Investment in Subsidiary Noncontrolling Interest in Equity xxx xxx xxx

Inventory (Balance She

COST & PARTIAL EQUITY

Sales Purchases (Cost of Sales)

xxx

Beginning Inventory - Income xxx Statement (Cost of Sales) R/E - Parent (beginning) Noncontrolling Interest in Equity xxx xxx xxx

Inventory (Balance She

Advanced Accounting / Jeter & Chaney 4th Ed. / Elimination Entries (Intercompany Loss - Inventories) / Henny Wirianata, SE, MSi, Ak.

elling Affiliate Is the Parent (DOWNSTREAM SALES)

To Elimination for Intercompany Loss in Ending Inventory Inventory (Balance Sheet) xxx Ending Inventory (Cost of Sales) xxx

Inventory (Balance Sheet) Ending Inventory (Cost of Sales)

xxx xxx

Selling Affiliate Is a Subsidiary (UPSTREAM SALES)

To Elimination for Intercompany Loss in Ending Inventory Inventory (Balance Sheet) Ending Inventory (Cost of Sales) xxx xxx

Inventory (Balance Sheet) Ending Inventory (Cost of Sales)

xxx xxx

nation Entries (Intercompany Loss - Inventories) / Henny Wirianata, SE, MSi, Ak.

ELIMINATION ENTRIES (INTERCOMPANY PROFIT - NONDEPRECIABLE PROPERTY)

Selling Affiliate Is the Parent (DOWNSTREAM SALES) METHOD
COMPLETE EQUITY COST & PARTIAL EQUITY Year of Intercompany Sale Gain on Sale of land Land Gain on Sale of Land Land Years Subsequent to the Year of Year of Sale to Third Party Intercompany Sale xxx Investment in Subsidiary xxx Investment in Subsidiary xxx xxx Land xxx Gain on Sale of Land xxx xxx R/E - Parent (beginning) xxx R/E - Parent (beginning) xxx xxx Land xxx Gain on Sale of Land xxx

Selling Affiliate Is a Subsidiary (UPSTREAM SALES) METHOD

COMPLETE EQUITY Year of Intercompany Sale Gain on Sale of land Land Gain on Sale of Land Land Years Subsequent to the Year of Year of Sale to Third Party Intercompany Sale xxx Investment in Subsidiary xxx Investment in Subsidiary xxx xxx NCI in Equity xxx NCI in Equity xxx Land xxx Gain on Sale of Land xxx xxx R/E - Parent (beginning) xxx R/E - Parent (beginning) xxx xxx NCI in Equity xxx NCI in Equity xxx Land xxx Gain on Sale of Land xxx

COST & PARTIAL EQUITY

ELIMINATION ENTRIES (INTERCOMPANY LOSS - NONDEPRECIABLE PROPERTY)

Selling Affiliate Is the Parent (DOWNSTREAM SALES) METHOD
COMPLETE EQUITY COST & PARTIAL EQUITY Land Loss on Sale of Land Land Loss on Sale of Land Year of Intercompany Sale Years Subsequent to the Year of Year of Sale to Third Party Intercompany Sale xxx Land xxx Loss on Sale of Land xxx xxx Investment in Subsidiary xxx Investment in Subsidiary xxx xxx Land xxx Loss on Sale of Land xxx xxx R/E - Parent (beginning) xxx R/E - Parent (beginning) xxx

Selling Affiliate Is a Subsidiary (UPSTREAM SALES) METHOD

COMPLETE EQUITY Land Loss on Sale of Land COST & PARTIAL EQUITY Land Loss on Sale of Land Year of Intercompany Sale Years Subsequent to the Year of Intercompany Sale xxx Land xxx xxx Investment in Subsidiary NCI in Equity xxx Land xxx xxx R/E - Parent (beginning) NCI in Equity Year of Sale to Third Party Loss on Sale of Land Investment in Subsidiary NCI in Equity Loss on Sale of Land xxx R/E - Parent (beginning) xxx NCI in Equity xxx xxx xxx xxx xxx xxx xxx xxx

Advanced Accounting / Jeter & Chaney 4th Ed. / Elimination Entries (Intercompany Profit & Loss - Nondepreciable Property) / Henny Wirianata, SE, MSi, Ak.

ELIMINATION ENTRIES (INTERCOMPANY PROFIT - DEPRECIABLE PROPERTY & EQUIPMENT)

Selling Affiliate Is the Parent (DOWNSTREAM SALES) METHOD
COMPLETE EQUITY Year of Intercompany Sale Gain on Sale of Equipment Equipment Accumulated Depreciation Accumulated Depreciation Depreciation Expense Years Subsequent to the Year of Intercompany Year of Sale to Third Party Sale xxx Investment in Subsidiary xxx Investment in Subsidiary xxx xxx Equipment xxx Gain on Sale of Equipment xxx Accumulated Depreciation xxx (sebesar sisa) xxx xxx Accumulated Depreciation Depreciation Expense Investment in Subsidiary xxx xxx xxx Accumulated Depreciation Depreciation Expense Investment in Subsidiary Investment in Subsidiary Accumulated Depreciation COST & PARTIAL EQUITY Gain on Sale of Equipment Equipment Accumulated Depreciation Accumulated Depreciation Depreciation Expense xxx xxx R/E - Parent (beginning) Equipment xxx Accumulated Depreciation Accumulated Depreciation Depreciation Expense R/E - Parent (beginning) xxx xxx R/E - Parent (beginning) Gain on Sale of Equipment xxx (sebesar sisa) Accumulated Depreciation Depreciation Expense R/E - Parent (beginning) R/E - Parent (beginning) Accumulated Depreciation xxx

xxx

xxx

xxx xxx

xxx xxx xxx

xxx

xxx

Selling Affiliate Is a Subsidiary (UPSTREAM SALES) METHOD

COMPLETE EQUITY Year of Intercompany Sale Gain on Sale of Equipment Equipment Accumulated Depreciation Years Subsequent to the Year of Intercompany Year of Sale to Third Party Sale xxx Investment in Subsidiary xxx Investment in Subsidiary xxx xxx NCI in Equity xxx NCI in Equity xxx xxx Equipment xxx Gain on Sale of Equipment Accumulated Depreciation xxx (sebesar sisa) xxx xxx Accumulated Depreciation Depreciation Expense Investment in Subsidiary NCI in Equity xxx xxx xxx xxx Accumulated Depreciation Depreciation Expense Investment in Subsidiary NCI in Equity Investment in Subsidiary NCI in Equity Accumulated Depreciation COST & PARTIAL EQUITY Gain on Sale of Equipment Equipment Accumulated Depreciation xxx xxx R/E - Parent (beginning) NCI in Equity xxx Equipment Accumulated Depreciation Accumulated Depreciation Depreciation Expense R/E - Parent (beginning) NCI in Equity xxx xxx xxx R/E - Parent (beginning) NCI in Equity Gain on Sale of Equipment xxx (sebesar sisa) Accumulated Depreciation Depreciation Expense R/E - Parent (beginning) NCI in Equity R/E - Parent (beginning) NCI in Equity Accumulated Depreciation xxx

Accumulated Depreciation Depreciation Expense

xxx xxx

xxx xxx

Accumulated Depreciation Depreciation Expense

xxx xxx

xxx xxx xxx xxx

xxx

xxx xxx

Advanced Accounting / Jeter & Chaney 4th Ed. / Elimination Entries (Intercompany Profit - Depreciable Property & Equipment) / Henny Wirianata, SE, MSi, Ak.

g Affiliate Is the Parent (DOWNSTREAM SALES)

Year of Sale to Third Party xxx

xxx xxx

xxx

xxx

xxx xxx

xxx

ng Affiliate Is a Subsidiary (UPSTREAM SALES)

Year of Sale to Third Party

xxx

xxx xxx xxx

xxx

xxx

xxx xxx xxx

xxx

Intercompany Profit - Depreciable Property & Equipment) / Henny Wirianata, SE, MSi, Ak.

ELIMINATION ENTRIES (INTERCOMPANY LOSS - DEPRECIABLE PROPERTY & EQUIPMENT)

Selling Affiliate Is the Parent (DOWNSTREAM SALES) METHOD
COMPLETE EQUITY Year of Intercompany Sale Equipment Accumulated Depreciation Loss on Sale of Equipment Depreciation Expense Accumulated Depreciation Years Subsequent to the Year of Intercompany Year of Sale to Third Party Sale xxx Equipment xxx Loss on Sale of Equipment xxx xxx Accumulated Depreciation xxx Investment in Subsidiary xxx Investment in Subsidiary xxx (sebesar sisa) xxx Depreciation Expense xxx Investment in Subsidiary Accumulated Depreciation xxx xxx Depreciation Expense Investment in Subsidiary xxx Accumulated Depreciation Accumulated Depreciation Investment in Subsidiary COST & PARTIAL EQUITY Equipment Accumulated Depreciation Loss on Sale of Equipment Depreciation Expense Accumulated Depreciation xxx xxx xxx xxx Equipment Accumulated Depreciation R/E - Parent (beginning) xxx xxx xxx xxx xxx Loss on Sale of Equipment R/E - Parent (beginning) (sebesar sisa) xxx xxx

xxx

xxx

Depreciation Expense xxx R/E - Parent (beginning) Accumulated Depreciation

Depreciation Expense R/E - Parent (beginning) xxx Accumulated Depreciation Accumulated Depreciation R/E - Parent (beginning)

xxx xxx

xxx

Selling Affiliate Is a Subsidiary (UPSTREAM SALES) METHOD

COMPLETE EQUITY Year of Intercompany Sale Equipment Accumulated Depreciation Loss on Sale of Equipment Years Subsequent to the Year of Intercompany Year of Sale to Third Party Sale xxx Equipment xxx Loss on Sale of Equipment xxx xxx Accumulated Depreciation xxx (sebesar sisa) xxx Investment in Subsidiary xxx Investment in Subsidiary NCI in Equity xxx NCI in Equity xxx Depreciation Expense xxx Investment in Subsidiary NCI in Equity Accumulated Depreciation xxx xxx xxx Depreciation Expense Investment in Subsidiary NCI in Equity xxx Accumulated Depreciation Accumulated Depreciation Investment in Subsidiary NCI in Equity COST & PARTIAL EQUITY Equipment Accumulated Depreciation Loss on Sale of Equipment xxx xxx xxx Equipment Accumulated Depreciation R/E - Parent (beginning) NCI in Equity xxx Loss on Sale of Equipment xxx (sebesar sisa) xxx R/E - Parent (beginning) xxx NCI in Equity Depreciation Expense R/E - Parent (beginning) NCI in Equity xxx Accumulated Depreciation Accumulated Depreciation R/E - Parent (beginning) NCI in Equity xxx xxx xxx

Depreciation Expense Accumulated Depreciation

xxx

xxx

Depreciation Expense Accumulated Depreciation

xxx

Depreciation Expense xxx R/E - Parent (beginning) NCI in Equity Accumulated Depreciation

xxx xxx xxx

xxx xxx xxx

xxx

Advanced Accounting / Jeter & Chaney 4th Ed. / Elimination Entries (Intercompany Loss - Depreciable Property & Equipment) / Henny Wirianata, SE, MSi, Ak.

g Affiliate Is the Parent (DOWNSTREAM SALES)

Year of Sale to Third Party xxx

xxx

xxx

xxx

xxx

xxx

ng Affiliate Is a Subsidiary (UPSTREAM SALES)

Year of Sale to Third Party

xxx xxx

xxx

xxx xxx

xxx xxx

xxx

xxx xxx

(Intercompany Loss - Depreciable Property & Equipment) / Henny Wirianata, SE, MSi, Ak.

JURNAL ELIMINASI - BONDS METODE EQUITY COMPLETE EQUITY DOWNSTREAM

Eliminasi Constructive Gain/Loss & Piecemeal (thn penjualan)

Revisi-2003

Eliminasi Constructive Gain/Loss & Piecemeal (thn berikutnya)

Bonds Payable * Premium on bonds * Loss on redeemption of bonds * Gain on redeemption of bonds * Discount on bonds Investment in bonds Interest Income * Loss on redeemption of bonds * Gain on redeemption of bonds Interest Expense Bonds Payable * Premium on bonds * Loss on redeemption of bonds * Gain on redeemption of bonds * Discount on bonds Investment in bonds Interest Income * Loss on redeemption of bonds * Gain on redeemption of bonds Interest Expense Idem Complete Equity Bonds Payable * Premium on bonds * Loss on redeemption of bonds * Gain on redeemption of bonds * Discount on bonds Investment in bonds Interest Income * Loss on redeemption of bonds * Gain on redeemption of bonds Interest Expense Idem Complete Equity

xxx xxx xxx

Bonds Payable * Premium on bonds * Investment in Subsidiary xxx * Investment in Subsidiary xxx * Discount on bonds xxx Investment in bonds xxx Interest Income xxx * Investment in Subsidiary xxx * Investment in Subsidiary xxx Interest Expense xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx Bonds Payable * Premium on bonds * R/E - Parent * R/E - Parent * Discount on bonds Investment in bonds Interest Income * R/E - Parent * R/E - Parent Interest Expense Idem Complete Equity xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx Bonds Payable * Premium on bonds * R/E - Parent * R/E - Parent * Discount on bonds Investment in bonds Interest Income * R/E - Parent * R/E - Parent Interest Expense Idem Complete Equity UPSTREAM

xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx

INCOMPLETE EQUITY * Traditional Approach

* Conversion to Equity Approach COST TRADITIONAL APPROACH

xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx

CONVERSION TO EQUITY APPROACH

METODE EQUITY COMPLETE EQUITY

Eliminasi Constructive Gain/Loss & Piecemeal (thn penjualan)

Eliminasi Constructive Gain/Loss & Piecemeal (thn berikutnya)

Bonds Payable * Premium on bonds * Loss on redeemption of bonds * Gain on redeemption of bonds * Discount on bonds Investment in bonds

xxx xxx xxx

* * xxx * xxx xxx

Interest Income * Loss on redeemption of bonds * Gain on redeemption of bonds Interest Expense

xxx xxx

* xxx * xxx

Bonds Payable Premium on bonds Investment in Subsidiary Minority Interest * Investment in Subsidiary * Minority Interest * Discount on bonds Investment in bonds Interest Income Investment in Subsidiary Minority Interest * Investment in Subsidiary * Minority Interest Interest Expense

xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx

xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx

INCOMPLETE EQUITY * Traditional Approach

Bonds Payable * Premium on bonds * Loss on redeemption of bonds * Gain on redeemption of bonds * Discount on bonds Investment in bonds

xxx xxx xxx

Interest Income * Loss on redeemption of bonds * Gain on redeemption of bonds Interest Expense

Bonds Payable * Premium on bonds * R/E - Parent xxx * Minority Interest xxx * R/E - Parent xxx * Minority Interest * Discount on bonds Investment in bonds xxx Interest Income xxx * R/E - Parent xxx * Minority Interest xxx * R/E - Parent * Minority Interest Interest Expense Idem Complete Equity

xxx xxx

* Conversion to Equity Approach COST TRADITIONAL APPROACH

Idem Complete Equity

Bonds Payable * Premium on bonds * Loss on redeemption of bonds * Gain on redeemption of bonds * Discount on bonds Investment in bonds

xxx xxx xxx

Interest Income * Loss on redeemption of bonds * Gain on redeemption of bonds Interest Expense

Bonds Payable * Premium on bonds * R/E - Parent xxx * Minority Interest xxx * R/E - Parent xxx * Minority Interest * Discount on bonds Investment in bonds xxx Interest Income xxx * R/E - Parent xxx * Minority Interest xxx * R/E - Parent * Minority Interest Interest Expense Idem Complete Equity

xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx

xxx xxx

CONVERSION TO EQUITY APPROACH

Idem Complete Equity