Tugas Akuntansi Keuangan

Chapter 13 (Investasi)

E13.4 Diann Ltd

a. Journal entries of the transactions:
GENERAL JOURNAL
Date Account Titles and explanations Debit (£) Credit (£)
Feb 1 Share Investment 6,200
Cash 6,200
(to record purchase of 600 ordinary shares of Ronn or 2% ownership)

July 1 Cash 600

Dividend Revenue (£1 x 600 shares) 600
(to record receipt of cash dividend)

Sept 1 Cash 4,300

Share Investment (£6.200 : 600 x 300 shares) 3,100
Gain on sale of share investment 1,200
(to record sale of 300 shares of Ronn)

Dec 1 Cash 300

Dividend Revenue (£1 x 300 shares) 300
(to record receipt of cash dividend)

b. Dividend revenue and Gain (loss) on sale of share investments are reported under "other income and
expense" in the income statement.

E13.8 a. Journal entries for Chicory Cosmetics:

GENERAL JOURNAL
Date Account Titles and explanations Debit (€) Credit (€)
2020
Mar 18 Share Investment (15% x 200.000 x €13) 390,000
Cash 390,000
(to record purchase of 30.000 shares of Racine Fashion)

Jun 30 Cash 9,000

Dividend revenue (15% x €60.000) 9,000
(to record receipt of dividend revenue)

Dec 31 Fair value adjustment - non trading ((30.000 x €15) - 390.000) 60,000
Unrealized gain or loss - equity 60,000
(to record unrealized gain on non-trading securities)

Dec 31 Unrealized gain or loss - equity 60,000

Accumulated Othe Comprehensive Income 60,000
(to close unrealized gain or loss to equity)

b. Journal entries for Frank Ltd.:

GENERAL JOURNAL
Date Account Titles and explanations Debit (€) Credit (€)
2020
Jan 1 Share Investment (30% x 30.000 x €9) 81,000
Cash 81,000
(to record purchase of 9.000 shares of Nowak Industries)

Jun 15 Cash (€30.000 x 30%) 9,000

Share Investment 9,000
(to record receipt of cash dividend)

Dec 31 Share Investment (30% x €80.000) 24,000

Revenue from Share Investment 24,000
(to record 30% equity in Nowak Industries' 2020 net income)

P13.1 Yuen Long Carecenters Ltd.

a. Journal entries of the transactions for the year 2020 and 2023:
 GENERAL JOURNAL
Date Account Titles and explanations Debit (HK$) Credit (HK$)
2020
Jan 1 Debt Investment 2,000,000
Cash 2,000,000
(to record purchase of Franco Nursing Centers bond)

Dec 31 Interest Receivables (7% x HK$2.000.000) 140,000

Interest revenue 140,000
(to accrue interest on Franco Nursing Centers bond)

2023
Jan 1 Cash 140,000
Interest Receivables 140,000
(to record receipt of accrued interest)

Jan 1 Cash (1,05 x HK$1.000.000) 1,050,000

Debt Investment 1,000,000
Gain on sale of Debt Investment 50,000
(to record sale of Franco Nursing Centers bond)

Dec 31 Interest Receivables (7% x HK$1.000.000) 70,000

Interest revenue 70,000
(to accrue interest on Franco Nursing Centers bond)

b. Yuen Long Carecenters Ltd.

Statement of Financial Position (partial)
31 December 2020
Current Assets:
Interest Receivables HK$ 140,000

Non-current Assets:
Investment in held-for-collections debt securities, at amortized cost 2,000,000