Nama: Mayla Nurwahidiah

NPM: 2023220006

Soal 1
(a) How many ordinary shares are outstanding?
Ordinary shares outstanding is 295.000 shares. (Issued shares 300.000 less trasury shares 5.000)
(b) Assuming there is a stated value, what is the stated value of the ordinary shares?
The stated value of ordinary shares is $5 per share. (Ordinary shares issued $1.500.000 / 300.000 shares)
(c) What is the par value of the preference shares?
The par value of preference shares is $60 per share. (Preference shares $300.000 / 5.000 shares)
(d) If the annual dividend on preference shares is $18,000, what is the dividend rate on preference shares?
The dividend rate is 6% ($18.000 / $300.000 x 100%)
(e) If dividends of $36,000 were in arrears on preference shares, what would be the balance in Retained Earnings?
The retained earnings balance is still $2.050.000. Cumulative dividends in arrears are only disclosed
in the notes to the financial statements.

Soal 2
On January 1, 2011, the equity section of Lopez Corporation shows: Share capital–ordinary ($5
par value) $1,500,000; share premium–ordinary $1,000,000; and retained earnings $1,200,000.
During the year, the following treasury share transactions occurred.
Mar. 1 Purchased 30,000 shares for cash at $15 per share.
July 1 Sold 6,000 treasury shares for cash at $17 per share.
Sept. 1 Sold 5,000 treasury shares for cash at $14 per share.
Instructions
Journalize the treasury share transactions.
Mar. 1 Treasury Shares $ 450.000
Cash $ 450.000
Jul. 1 Cash $ 102.000
Treasury Shares $ 90.000
Share Premium—Treasury $ 12.000
Sept. 1 Cash $ 70.000
Share Premium—Treasury $ 5.000
Treasury Shares $ 75.000

Soal 3
On January 1, 2011, Fairly Company issued 30,000 ordinary shares with a $2 par value for
$150,000. On March 1, 2011, the company purchased 6,000 ordinary shares for $8 per share for
the treasury. On June 1, 2011, 1,500 of the treasury shares are sold for $10 per share. On
September 1, 2011, 3,000 treasury shares are sold at $6 per share.
Instructions
Journalize the share transactions of Fairly Company in 2011.
Jan. 1 Cash $ 150.000
Share Capital—Ordinary $ 60.000
Share Premium—Ordinary $ 90.000
Mar. 1 Treasury Shares $ 48.000
Cash $ 48.000
Jun. 1 Cash $ 15.000
Treasury Shares $ 12.000
Share Premium—Treasury $ 3.000
Sept. 1 Cash $ 18.000
Share Premium—Treasury $ 6.000
Treasury Shares $ 24.000
Soal 4
Yount Company originally issued 30,000 ordinary shares with a $5 par for $210,000 on January
3, 2010. Yount purchased 1,500 treasury shares for $13,500 on November 2, 2010. On December
6, 2010, 600 treasury shares are sold for $6,000.
Instructions
Prepare journal entries to record these share transactions.
Jan. 3 Cash $ 210.000
Share Capital—Ordinary $ 150.000
Share Premium—Ordinary $ 60.000
Nov. 2 Treasury Shares $ 13.500
Cash $ 13.500
Dec. 6 Cash $ 6.000
Treasury Shares $ 5.400
Share Premium—Treasury $ 600

Soal 5
(a) Prepare the journal entries to record the above share transactions.
Jan. 18 Cash $ 1.600.000
Share Capital—Ordinary $ 500.000
Share Premium—Ordinary $ 1.100.000
Aug. 20 Treasury Shares $ 650.000
Cash $ 650.000
Nov. 5 Cash $ 252.000
Treasury Shares $ 234.000
Share Premium—Treasury $ 18.000
(b) Prepare the equity section of the statement of financial position for Ankiel Corporation at
December 31, 2011. Assume that net income for the year was $100,000 and that no dividends were declared.
ANKIEL CORPORATION
Statement of Financial Position (partial)
December 31, 2011
Equity
Share Capital–Ordinary, $10 par value $ 3.000.000
Share Premium–Ordinary $ 2.300.000
Share Premium—Treasury $ 18.000
Retained earnings ($ 600.000 + $ 100.000) $ 700.000
Less: Treasury shares $ 416.000
Total equity $ 5.602.000

Soal 6
Tyler Corporation has 100,000 preference shares with a €40 par value authorized. During the
year, it had the following transactions related to its preference shares.
(a) Issued 20,000 shares at €55 per share.
(b) Issued 10,000 shares for equipment having a €700,000 asking price. The shares had a fair value of €65 per share
Instructions
Journalize the transactions.
(a) Cash € 1.100.000
Share Capital—Preference € 800.000
Share Premium—Preference € 300.000
(b) Equipment € 650.000
Share Capital—Preference € 400.000
Share Premium—Preference € 250.000
Soal 7
Prepare a partial equity section of the statement of financial position at December 31, 2011.
Cash $ 1.800.000
Share Capital—Preference $ 1.500.000
Share Premium—Preference $ 300.000
Cash $ 4.900.000
Share Capital—Ordinary $ 3.500.000
Share Premium—Ordinary $ 1.400.000
CARSON CORPORATION
Statement of Financial Position (partial)
December 31, 2011
Equity
Share Capital–Preference 7%, $100 par value, $ 1.500.000
cumulative 15.000 shares issued and outstanding
Share Capital–Ordinary, no par, $10 stated value, $ 3.500.000
500.000 shares authorized, 350.000 shares issued
and outstanding
Share Premium–Preference $ 300.000
Share Premium—Ordinary $ 1.400.000
Total equity $ 6.700.000

Soal 8
In its first year of operations, Webber Corporation had the following transactions pertaining to its
$10 par value preference shares.
Feb. 1 Issued 6,000 shares for cash at $41 per share.
Nov. 1 Issued 3,000 shares for cash at $44 per share.
Instructions
(a) Journalize the transactions.
Feb. 1 Cash $ 246.000
Share Capital—Preference $ 60.000
Share Premium—Preference $ 186.000
Nov. 1 Cash $ 132.000
Share Capital—Preference $ 30.000
Share Premium—Preference $ 102.000
(b) Indicate the amount to be reported for (1) preference shares, and (2)share premium—
preference at the end of the year.
(1) Preference Share: $ 90.000
(2) Share Premium—Preference $ 288.000