Obigasi lama :

Date Cash paid Interest expense Premi amortized Carrying amount

6/30/2011 497,048.40
12/31/2011 24,000 24,852.42 852.42 497,900.82
6/30/2012 24,000 24,895.04 895.04 498,795.86
12/31/2012 24,000 24,939.79 939.79 499,735.65
6/30/2013 24,000 24,986.78 986.78 500,722.44
12/31/2013 24,000 25,036.12 1,036 501,758.56
6/30/2014 24,000 25,087.93 1,088 502,846.49
12/31/2014 24,000 25,142.32 1,142 503,988.81
6/30/2015 24,000 25,199.44 1,199 505,188.25
12/31/2015 24,000 25,259.41 1,259 506,447.66
6/30/2016 24,000 25,322.38 1,322 507,770.05
12/31/2016 24,000 25,388.50 1,389 509,158.55
6/30/2017 24,000 25,457.93 1,458 510,616.48
12/31/2017 24,000 25,530.82 1,531 512,147.30
6/30/2018 24,000 25,607.37 1,607 513,754.67
12/31/2018 24,000 25,687.73 1,688 515,442.40
6/30/2019 24,000 25,772.12 1,772 517,214.52
12/31/2019 24,000 25,860.73 1,861 519,075.25
6/30/2020 24,000 25,953.76 1,954 521,029.01

>> Reacquisition price ($600.000 x 104) 624,000

>> Carrying amount of bonds 521,029
Loss 102,971

Obligasi baru:

Harga penerbitan 900,410

Nilai jatuh tempo 800,000
Diskon 100,410

a. Jurnal penarikan obligasi dan penerbitan obligasi baru

Bonds payable (old) 521,029

Loss on oxtinguishment of debt 102,971
Cash 624,000

Cash 900,410
Bonds payable (new) 900,410
b. Obligasi baru :

Date Cash paid Interest expense Premi amortized Carrying amount

6/30/2011 900,410
12/31/2011 24,000 22,510.26 1,489.74 901,900
6/30/2012 24,000 22,547.50 1,452.50 903,353
12/31/2012 24,000 22,583.82 1,416.18 904,769

Interest expense 22,510

Notes payable 1,490
Cash 24,000
E14.15 (Entries for Retirement and Issuance of Bonds)

Obligasi yang beredar :

Nilai jatuh tempo 5,000,000
unamortized discount 100,000
Carrying amount 4,900,000
Obligasi ditarik pada harga 104
Untuk membayar obligasi lama, perusahaan menerbitkan obligasi yang baru
Obligasi baru :
Face value 5,000,000
diterbitkan pada harga 103 5,150,000
Premi 150,000

Penarikan obligasi lama :

Reacquisition price 5,200,000
Carrying amount 4,900,000
loss 300,000

Jurnal pembiayaan kembali :

Bonds payable 4,900,000

Loss on extinguishment 300,000
Cash 5,150,000
Cash 5,200,000
Bonds payable 5,150,000
E14.17 (Settlement of Debt)

Strickland memiliki utang kpd Moran :

Notes (10thn,10%) $ 200,000
Bunga berjalan $ 18,000
Melakukan penarikan hutang, pembayaran menggunakan mesin :
Cost (machine) $ 390,000
Accum. Depreciation $ 221,000
Fair value $ 180,000

Perhitungan :
Keuntungan/kerugian pelunasan utang :
Nilai wesel 200,000
Bunga berjalan 18,000
Total utang 218,000

Pelunasan (nilai wajar mesin) 180,000

Keuntungan atas pelunasan 38,000

Keuntungan/kerugian penukaran mesin :

Nilai buku mesin 169,000
Nilai wajar 180,000 >> Nilai buku < Nilai wajar = untung
Keuntungan atas penukaran mesin 11,000

a Jurnal atas pelunasan & penukaran mesin :

Notes paayble 200,000

Interest payable 18,000
Accum. Depreciation machine 221,000
machine 390,000
gain on extinguishment 38,000
Gain on disposal of machine 11,000

b Keuntungan atas penukaran mesin dan keuntungan atas penarikan wesel dilaporkan dalam Laba Rugi
bagian pendapatan lain-lain

c Ordinary share :
Par value $ 150,000
Fair value $ 180,000
Premi $ 30,000 >> Fair value > Par value = premium

Penukaran :
Utang (notes + bunga) 218,000
Saham biasa 180,000
Keuntungan pelunasan 38,000

Notes payble 200,000

Interest payable 18,000
Share capital-ordinary 150,000
Share premium-ordinary 30,000
Gain on extinguishment 38,000
E14.8 (Loan Modification)

Sterlig Bank memodifikasi Wesel Tagih 12%, $3000.000 dengan modifikasi :

1 Mengurangi pokok utang dari $3000.000 menjadi $2.400.000
2 Memperpanjang tanggal jatuh tempo dari 31 Des 2019 menjadi 1 Jan 2023 (3 tahun)
3 Mengurangi bunga dari 12% menjadi 10%, suku bunga pasar Barkley yaitu 15%