Income Workpaper Entry

Date Description Debit Credit

Dec 31, 2018 Investment in Sukamaju $30,000
Accumulated Depreciation $5,000
Equipment $35,000
(Untuk mengeliminasi Laba dan
mengembalikan nilai Equipment)

Dec 31, 2018 Accumulated Depreciation $5,000

Depreciation Expense $5,000
(Untuk menyesuaikan akumulasi
penyusutan)

Dec 31, 2018 Land $15,000

Investment in Sukamaju $12,000
NCI $3,000

Dec 31, 2018 Common Stock $100,000

Retained Earning $25,000
Goodwill $27,000
Investment in Sukamaju $121,600
NCI $30,400
 Neraca Konsolidasi
Per 31 Desember 2018
Adjust and Elimination Consolidation
Pasaraya Sukamaju
Debit Credit Statement
Cash and Receivable $70,000 $10,000 $80,000
Inventory 46,250 20,000 $66,250
Land 140,000 45,000 15,000 $200,000
Building and Equipment 250,000 150,000 35,000 365,000
Accumulated Depreciation (100.000) (42.500) 5,000 (132.500)
5,000
Investment in Sukamaju 93,750
TOTAL ASSET $ 500,000 $ 182,500 $ 578.750

Account Payable $30,000 $12.500 $42.500

Notes Payable 30,000 45,000 75,000
Common Stock 100,000 100,000 200,000
Retained Earning 300,000 25,000 325,000
Total Liabilitas dan Ekuitas $ 781.300 $ 210.000 $ 642.500

NCI, 1 Januari 2019

 Pam Corporation and Subsidiary
Schedule for Computation of Consolidated Net Income
2016 2017 2018
Combined separate incomes $260,000 $220,000 $120,000
Add: Amortization of negative
differential assigned to plant
assets ($50,000/10 years) $5,000 5,000 5,000
Unrealized gain on Land (Note
That Pam's $5,000 gain is
included in Pam's separate
income) (5,000)
Unrealized gain on machinery (25,000)
Piecemeal recognition of
Gain on machinery 5,000 5,000
Unrealized inventory profits (8,000)
Consolidated net income 260,000 205,000 122,000
Less : Noncontroling interest share
2016 ($60,000 - $5,000 + $5,000) x 20% (12,000)
2017 ($70,000 + $5,000) x 20% (15,000)
2018 ($80,000 - $8,000 + $5,000) x 20% (15,400)
2019 ($90,000 + $8,000 + $5,000 + $5,000) x 20%
Controling share of NI $ 248,000 $ 190,000 $ 106,600
 2019
$210,000

5,000

5,000

5,000
8,000
233,000

(21,600)
$ 211,400