Godfrey Problem 10.1 and 10.2

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Godfrey Problem 10.1 and 10.2

  1. 1. Understanding Expenses Team Deady, Fauziah, Pendik,Yayan
  2. 2. Problem 10.1
  3. 3. Compensation Expense $750.000 Additional PIC – Stock Option $750.000 [($250-175x10.000 shares): 3 year]
  4. 4. Patent $64.000 Cash $64.000 Amortisation Expense $4.000 Patent $4.000
  5. 5. Patent $13.600 Cash $13.600 Amortisation Expense (3/12 × [$13.600/20]) $170 Patent $170
  6. 6. Amortisation Expense $333 AccumulatedAmortisation — Goodwill $333 [$80.000/20 × 1/12]
  7. 7. Depreciation Expense ofTrucks $18.000 Accumulated Depreciati $18.000 $35 000 × 5 trucks = $175 000, $175 000 less $25 000 salvage value = $150.000, $150 000/1.000.000 miles = $0.15 a mile, $0.15 × 120 000 actual miles = $18.000
  8. 8. Depreciation Expense — Equipment $500 000 Accumulated Depreciation $500 000
  9. 9. Maintenance Expense $20.000 Cash orAccounts Payable $20.000
  10. 10. Building $20.000 Cash $20.000
  11. 11. Extraordinary Loss $50 000 Building $50 000
  12. 12. Tahun 2009 2008 2007 Depreciation — new method 19 200 24 000 30 000 Depreciation — old method 15 000 15 000 15 000 Decrease in Income 4 200 9 000 15 000
  13. 13. Depreciation Expense $4 200 Cumulative Effect Due to Change $24 000 Accumulated Depreciation $28 200
  14. 14. Retained Earnings $125 000 Cash $125 000
  15. 15. Depreciation Expense $7 500 Accumulated depreciation $7 500
  16. 16. Advertising Expense $200 000 Cash orAccount Payable $200 000
  17. 17. Warranty Expense $68 000 Estimated Liability on ProductWarranty $68 000
  18. 18. Loss of Contract ($12 x 7.500) $90.000 Contract $90.000
  19. 19. Kontruksi Dalam Proses $424.000 Kas, Material $424.000 Account Receivable $350.000 Progress Billing $350.000 Loss on Contract $10.000 Konstruksi Dalam Proses $10.000 ($424.000+$106.000-$520.000)
  20. 20. Mesin (baru) $50.000 Akumulasi Depresiasi $20.000 Kas $5.000 Loss on Exchange $15.000 Mesin (lama) $90.000
  21. 21. Biaya UtangTakTertagih $60.000 Piutang $60.000
  22. 22. Tanah $300.000 Bangunan $100.000 Donated Capital $400.000
  23. 23. Problem 10.2
  24. 24. Cash $ 10 000 Donated Capital $10 000
  25. 25. Donated Capital $10 000 Cash $10 000
  26. 26. Equipments $20 000 Other Income $20 000
  27. 27. No entry…
  28. 28. Land $50 000 Donated Capital/ General Reserve $50 000
  29. 29. Diakui gain atas penjualan tanah. Cash $55 000 Land $50 000 Gain on sale land $5 000

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