Korean Won rate Rupiah

Debits
Cash 20,000 120 2,400,000
Accounts receivable 150,000 120 18,000,000
Inventories 600,000 120 72,000,000
Buildings 800,000 120 96,000,000
Equipment 750,000 120 90,000,000
Cost of Sales 300,000 110.5 33,150,000
Depreciation Expense 50,000 110.5 5,525,000
Operating Expense 40,000 110.5 4,420,000
Dividend 50,000 100.5 5,025,000 326,520,000
TOTAL 326,520,000
Credit
Accounts Payable 100,000 120 12,000,000
Accumulated Depreciation - buildin 260,000 120 31,200,000
Accumulated Depreciation - equipm 200,000 120 24,000,000
Common Stock 1,500,000 110 165,000,000
Retained Earnings 1 January 200,000 110 22,000,000
Sales 500,000 110.5 55,250,000 309,450,000
Accumulated OCI 17,070,000
TOTAL 326,520,000
 JOURNAL of PAR

Investment in San

Cash

Investment in San
AOCI

Capital Stock
Retained Earnings

San's Trial Balance LCU rate US Dollar

Debits
Cash 150,000 0.2 30,000
Accounts receivable 180,000 0.2 36,000
Short term loan to San 0 0
Inventories 230,000 0.2 46,000
Land 250,000 0.2 50,000
Buildings 600,000 0.2 120,000
Equipment 800,000 0.2 160,000
Investment in San (100%) 0 0
Cost of Sales 200,000 0.22 44,000
Depreciation Expense 100,000 0.22 22,000
Operating Expense 120,000 0.22 26,400
Exchange Loss 30,000 0.22 6,600
Dividends 100,000 0.21 21,000
Equity Adjustment 0 0
AOCI 44,000
TOTAL 606,000
Credit
Accounts Payable 130,000 0.2 26,000
Accumulated Depreciation - buildings 300,000 0.2 60,000
Accumulated Depreciation - equipment 400,000 0.2 80,000
Short term loan from Par 230,000 0.2 46,000
Capital Stock 800,000 0.24 192,000
Retained Earnings 1 January 200,000 computed 48,000
Sales 700,000 0.22 154,000
TOTAL 606,000

Consolidation WorkPaper
Par San Adjustment
Debits
Cash 25,100 30,000
Accounts receivable 90,000 36,000
Short term loan to San 46,000 0 (46,000)
Inventories 110,000 46,000
Land 150,000 50,000
Buildings 300,000 120,000
Equipment 220,000 160,000
Investment in San (100%) 230,000 0 (230,000)
Cost of Sales 400,000 44,000
Depreciation Expense 81,000 22,000
Operating Expense 200,000 26,400
Exchange Loss 0 6,600
Dividends 100,000 21,000 (21,000)
Equity Adjustment 44,000 0

Credit
Accounts Payable 241,100 26,000
Accumulated Depreciation - buildings 120,000 60,000
Accumulated Depreciation - equipment 60,000 80,000
Short term loan from Par 0 46,000 (46,000)
Capital Stock 500,000 192,000 (192,000)
Retained Earnings 1 January 220,000 48,000 (48,000)
Sales 800,000 154,000
Income from San 55,000 0
TOTAL
 240,000
Cash 240,000

21,000
Investment in San 21,000

11,000
44,000
Income from San 55,000

192,000
48,000

Investment in San 240,000

Retained Earnings, begining 48,000

Add: Net Income 55,000
Less: Dividends (21,000)
Retained Earnings, Ending 82,000

562,000
 606,000

Consolidated Statements

55,100
126,000
0
156,000
200,000
420,000
380,000
0
444,000
103,000
226,400
6,600
100,000
44,000
2,261,100

0
267,100
180,000
140,000
0
500,000
220,000
954,000
55,000
2,316,100