Soal TM 2 Pertemuan 16
Soal-soal
Long-Term Liabilities
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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 16
E 16-1
Southeast Airlines is considering two alternatives for the financing of a purchase of a
fleet of airplanes. These two alternatives are:
1. Issue 60,000 shares of common stock at $45 per share. (Cash dividends have not been paid nor
is the payment of any contemplated).
2. Issue 10%, 10-year bonds at par for $2,700,000.
It is estimated that the company will earn $600,000 before interest and taxes as a result of this
purchase. The company has an estimated tax rate of 30% and has 90,000 shares of common stock
outstanding prior to the new financing.
Instructions
Determine the effect on net income and earning per share for these two methods of financing.
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SOAL TUGAS MANDIRI 16
E 16-4
Pueblo Company issued $300,000 of 9%, 10-year bonds on January 1, 2004, at face
value. Interast is payable semiannually on July 1 and January 1.
Instructions
Prepare the Journal entries to record the following events.
a. The issuance of the bonds.
b. The payment of interest on July 1, assuming no previous accrual of interest.
c. The accrual of interest on December 31.
d. The redemption of bonds at maturity, assuming interest for the last interest period has been paid
and recorded.
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SOAL TUGAS MANDIRI 16
P 16-2A
Formosa Co. sold $400,000, 9%, 10-year bonds on January 1, 2005. The bonds were
dated January 1, and interest is paid on January 1 and July 1. The bonds were sold at 105.
Instructions
a. Prepare the journal entry to record the issuance of the bonds on January 1, 2005.
b. At December 31, 2005, the balance in the Premium on Bonds Payable account is $18,000.
Show the balance sheet presentation of accrued interest and the bond liability at December 31,
2005.
c. On January 1, 2007, when the carrying value of the bonds was $416,000, the company
redeemed the bonds at 105. Record the redemption of the bonds assuming that interest for the
period has already been paid.
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