Soal TM 2 Pertemuan 5
Soal-soal
Accounting for Partnerships
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Petunjuk Pengerjaan Tugas Mandiri
Soal Tugas Mandiri (TM) dikerjakan secara berkelompok,
di tulis tangan pada kertas double folio dengan
rapi.Kelompok terdiri atas maksimal 3 orang anggota.
Dikumpulkan pada awal kuliah minggu/pertemuan
berikutnya.
Jawaban Soal TM yang sama, oleh mahasiswa secara
perorangan (individual) harus di “up load” pada forum
diskusi di binusmaya (LMS), pada kolom tugas. Up load
haryus sudah dilakukan paling lambat 7 hari setelah
pertemuan yang dimaksudkan.
Bila anda mengerjakan salah satunya saja atau tidak
keduanya maka anda dianggap tidak mengumpulkan TM
pada pertemuan yang dimaksudkan.
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SOAL TUGAS MANDIRI 5
E 13-1
Fred Flintstone has owned and operated a proprietorship for several years. On January
1, he decided to terminate this business and become a partner in the firm of Flints tone and Rubble,
Flintstone’s investment in the partnership consists of $12,000 in cash, and the following assets of the
proprietorship: accounts receiveable $14,000 less allowance for doubtful accounts of $2,000, and
equipment $20,000 less accumulated depreciation of $4,000. It is agreed that the allowance for
boubtful accounts should be $3,000 for the partnership. The fair market value of the equipment is
$17,500.
Instructions
Journalize Flintstone’s admission to the firm of Rubble and Flintstone.
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SOAL TUGAS MANDIRI 5
E 13-6
Prior to thedistribution of cash to the partners, the accounts in the MPH Company are:
Cash $30,000, Mentor Capital (Cr.) $17,000, Poseidon Capital (Cr.) $15,000, and Hermes Capital
(Dr.) $2,000. The income ratios are 5 : 3 : 2, respectively.
Instructions
a. Prepare the entry to record (1) Hermes’s payment of $2,000 in cash to the partnership and (2)
the distribution of cash to the partners with credit balances.
b. Prepare the entry to record (1) the absorption of Hermes’s capital deficiency by the other
partners and (2) the distribution of cash to the partners with credit balance.
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SOAL TUGAS MANDIRI 6
P 13-1A
below.
The post-closing trial balances of two proprietorships on January 1, 2005, are presented
Cash
Accounts receivable
Allowance for doubpful accounts
Marchandise inventory
Eqiupment
Accumulated depreciation-equipment
Notes payable
Accounts payable
Dan, capital
John, capital
Dan Company
Dr.
Cr.
$ 9,500
15,00
$2,500
28,000
50,000
24,000
20,000
25,000
31,000
$102,500
$102,500
John Company
Dr.
Cr.
$ 6,000
23,000
$ 4,000
17,000
30,000
13,000
37,000
22,000
$76,000
$76,000
John dan Dan decide to form a partnership, Blues Brother Company, with the following agreed upon
valuations for noncash assets.
Dan Company
John Company
Accounts receivable
$ 15,000
$23,000
Allowance for doubpful accounts
3,500
5,000
Marchandise inventory
32,000
24,000
Eqiupment
31,000
18,000
All cash will be transferred to the partnership, and the partnership will assume all the liabilities of the
two proprietorships. Further, it is agreed that Dan will invest $3,000 in cash, and John will invest
$13,000 in cash.
Instructions
a. Prepare separate journal entries to record the transfer of each proprietorship’s assets and
liabilities to the partnership.
b. Journalize the additional cash investment by each partner.
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c. Prepare a balance sheet for the partnership on January 1, 2005.