Akuntansi Keuangan Menengah 1

Kelompok 5
1. Maya Putri Wijaya (142200210)
2. Muhammad Alfarizi (142200278)

Kelas EA-I
 E5.10 (LO1, 2) (Current Liabilities) Mary Pierce is the controller of Arnold
Corporation and is responsible for the preparation of the year-end financial
statements. The following transactions occurred during the year
a. Bonuses to key employees based on net income for 2019 are estimated to be $150,000.
b. On December 1, 2019, the company borrowed $900,000 at 8% per year. Interest is paid
quarterly.
c. Credit sales for the year amounted to $10,000,000. Arnold's expense provision for doubtful
accounts is estimated to be 2% of credit sales.
d. On December 15, 2019, the company declared a $2 per share dividend on the 40,000 ordinary
shares outstanding, to be paid on January 5, 2020.
e. During the year, customer advances of $160,000 were received; $50,000 of this amount was
earned by December 31, 2019.

Instructions
For each item above, indicate the dollar amount to be reported as a current liability. If a
liability is not reported, explain why.
 Answer

A). Perkiraan bonus sebesar $ 150.000 akan ditampilkan sebagai kewajiban lancar.
B). Bunga sebesar $6.000 dengan perhitungan yaitu ($900.000 * 8% * 1/12) dan akan
ditampilkan sebagai kewajiban lancar
C). Penyisihan piutang ragu-ragu tidak ditampilkan di bawah kewajiban lancar, tetapi
ditampilkan sebagai pengurangan dari piutang karena merupakan akun kontra aset dan bukan
akun kewajiban, maka kewajiban akan menjadi $0.
D). Dividen yang diumumkan sebesar $80.000 dengan perhitungan yaitu (40.000 saham *
$2) akan ditampilkan sebagai kewajiban lancar karena ketika diumumkan perlu dicatat tetapi
pembayarannya harus dilakukan di kemudian hari maka akan dicatat sebagai kewajiban
sekarang.
e). Dari uang muka pelanggan sebesar $160.000, hanya $50.000 yang diperoleh hingga 31
Desember 2019 sehingga jumlah saldo $110.000 yaitu ($160.000 - $50.000) akan dianggap
sebagai pendapatan diterima di muka dan harus ditampilkan di bawah kewajiban lancar.
P5.3 (LO 1, 2) (Statement of Financial Position Adjustment and Preparation)
The adjusted trial balance of Asian-Pacific Ltd. and other related information for the year 2022 are
presented below (amounts in thousands).
Additional information:
1. The average-cost method of inventory value is used.
2. The cost and fair value of the long-term investments that consist of ordinary shares and bonds are the same.
3. The amount of the Construction in Process account represents the costs expended to date on a building in the
process of construction. (The company rents factory space at the present time.) The land on which the
building is being constructed cost ¥85,000, as shown in the trial balance.
4. The patents were purchased by the company at a cost of ¥40,000 and are being amortized on a straight-line
basis.
5. The notes payable represent bank loans that are secured by long-term investments carried at ¥120,000. These
bank loans are due in 2023.
6. The bonds payable bear interest at 8% payable every December 31, and are due January 1, 2033.
7. 600,000 ordinary shares with a par value of ¥1 were authorized, of which 500,000 shares were issued and
outstanding.

Instructions
Prepare a statement of financial position as of December 31, 2022, so that all important information is fully
disclosed.
 Asian-Pacific Ltd.
Statement of Financial Position
December 31, 2022 )
Assets
Non-current assets
Long-term investments
Investments in capital shares and,
bonds (¥ 120,000 have been pledged
as security for notes payable)—
at fair value ................................................................................................................................ ¥ 339,000

Property, plant, and equipment

Cost of uncompleted plant facilities
Land ............................................................................................... ¥ 85,000
Building in process of construction................................................124,000 ¥209,000
Equipment......................................................................................400,000
Less: Accum. depreciation ..........................................................240,000 160,000 369,000
Intangible assets
Patents (at cost less amortization)......................................... 36,000

Current assets
Inventory (Average cost)..................................................... 208,500
Accounts receivable.............................................................163,500
Less: Allowance for doubtful accounts ............................. 8,700 154,800
Prepaid insurance ................................................................... 5,900
Cash........................................................................................ 41,000
Total current assets................................................................. 410,200
Total assets ............................................................................ ¥ 1,154,200

Equity and Liabilities

Equity
Share capital—ordinary
Authorized 600,000 shares of ¥ 1 par value; issued and
outstanding, 500,000 shares.............................................. ¥ 500,000
Share premium—ordinary................................................... 45,000
Retained earnings............................................................... 138,000
Total shareholders’ equity ................................................... 683,000
Non-current liabilities
8% bonds payable, due
January 1, 2033................................................................... 180,000

Current liabilities
Notes payable, secured by
investments of $120,000..................................................... ¥ 94,000
Accounts payable ............................................................... 148,000
Accrued expenses ............................................................... 49,200
Total current liabilities......................................................... 291,200
Total liabilities .................................................................... 471,200
Total equity and liabilities.................................................... ¥ 1,154,200
 Sekian,
Terima kasih!