Upcoming SlideShare
×

# Godfrey Problem 10.1 and 10.2

1,546 views

Published on

0 Likes
Statistics
Notes
• Full Name
Comment goes here.

Are you sure you want to Yes No
• Be the first to comment

• Be the first to like this

Views
Total views
1,546
On SlideShare
0
From Embeds
0
Number of Embeds
1
Actions
Shares
0
60
0
Likes
0
Embeds 0
No embeds

No notes for slide

### 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