LATIHAN TM 3

AKUNTANSI MENENGAH II

DOSEN PENGAJAR :
Ratna Mappanyukki, Dr. SE. Ak. M.Si.

DISUSUN OLEH :
Nisha Nur Aini (43219110183)

FAKULTAS EKONOMI DAN BISNIS

PROGRAM STUDI S1 AKUNTANSI
UNIVERSITAS MERCU BUANA
 NON CURRENT LIABILITIES
Forum 3 Tanggal 20 Maret – 26 Maret

LEARNING OBJECTIVE
1.     Menjelaskan prosedur formal terkait penerbitan utang jangka panjang.
2.     Mengidentifikasi berbagai masalah terkait obligasi.
3.     Menjelaskan penilaian akuntansi untuk obligasi pada tanggal penerbitan.
4.     Menerapkan metode amortisasi diskonto dan premi obligasi.
5.     Menjelaskan akuntansi untuk wesel bayar jangka panjang.
6.     Menjelaskan akuntansi untuk pelunasan liabilitas tidak lancar.
7.     Menjelaskan akuntansi untuk opsi nilai wajar.
8.     Menjelaskan pelaporan pembiayaan di luar neraca (off-balance sheet).
9.     Menunjukkan bagaimana menyajikan dan menganalisis liabilitas tidak lancar.
 
DIMINTA:
1. Mengerjakan Exercises dan Problem Ch 14 (NON CURRENT LIABILITIAS) kaitkan 
dengan tujuan pembelajaran 1 sampai dengan 4 ( 20 Maret  – 26  Maret 2021) letakkan
learning objective di soal yang anda kerjakan
2.      NILAI Problem 15 nilai exercises 5 (Tulis Soal ).. silahkan pilih nilai berapa yang anda
inginkan dibagi dengan nilai per jenis soal itulah jumlah no yang anda kerjakan.
Sanksi jikalau salah dalam menentukan tujuan pembelajaran minus 5
3.        Buku yang digunakan Intermediate Accounting volume 2 Kieso Weygandt Warfield et
al
 Exercises dan Problem Ch 13
(CURRENT LIABILITIAS, PROVISION AND CONTINGENCIES)

LEARNING OBJECTIVE
A. Menjelaskan prosedur formal terkait penerbitan utang jangka panjang.
EXERCISES
1. E14.1 (LO 1) (Classification of Liabilities)
Presented below are various account balances.
a. Bank loans payable of a winery, due March 10, 2025. (The product requires aging for 5
years before sale.)
b. Serial bonds payable, €1,000,000, of which €250,000 are due each July 31.
c. Amounts withheld from employees’ wages for income taxes.
d. Notes payable due January 15, 2024.
e. Credit balances in customers’ accounts arising from returns and allowances after collection
in full of account.
f. Bonds payable of €2,000,000 maturing June 30, 2023.
g. Overdraft of €1,000 in a bank account. (No other balances are carried at this bank.)
h. Deposits made by customers who have ordered goods.
Instructions
Indicate whether each of the items above should be classified on December 31, 2022, as a
current liability, a non-current liability, or under some other classification. Consider each one
independently from all others; that is, do not assume that all of them relate to one particular
business. If the classification of some of the items is doubtful, explain why in each case.
Jawaban:
a. Kewajiban lancar jika asset yang digunakan bisa untuk memenuhi utang
b. Kewajiban saat ini, $ 250,000 dan kewajiban jangka panjang $ 750,000
c. Kewajiban lancar
d. Kewajiban lancar
e. Kewajiban lancar
f. Kewajiban lancar, kecuali (a) dana likuidasi telah diakumulasi yang tidak diklasifikasikan
sebagai aset lancar atau (b) pengaturan telah dibuat untuk pembiayaan kembali.
g. Kewajiban lancar
h. Kewajiban lancar

2. E14.2 (LO 1, 2) (Classification)

The following items are found in the financial statements.
a. Interest expense (credit balance).
b. Bond issue costs.
c. Gain on repurchase of debt.
d. Mortgage payable (payable in equal amounts over next 3 years).
e. Debenture bonds payable (maturing in 5 years).
f. Notes payable (due in 4 years).
g. Income bonds payable (due in 3 years).
Instructions
Indicate how each of these items should be classified in the financial statements.
Jawaban:
a. Interest expense (Beban bunga saldo kredit) dicatat pada akun utang bunga dalam laporan
keuangan.
b. Bond issue costs (Biaya penerbitan obligasi) dicatat sebagai pengurang dalam jumlah
penerbitan utang obligasi.
c. Gain on repurchase of debt (Keuntungan dari pembelian Kembali utang) dicatat pada akun
pendapatan lain-lain atau biaya lain-lain.
d. Mortagage payable (Utang hipotik) untuk satu sampai dengan tiga tahun dicatat dalam
utang jangka lancar, dan sisa dari utang (lebih dari 3 tahun) dicatat sebagai utang jangka
panjang.
e. Debenture bonds payable (Utang obligasi debenture) dicatat sebagai utang jangka panjang.
f. Notes payable (Wesel bayar jangka waktu 4 tahun) dicatat sebagai utang jangka panjang.
g. Income bonds payable (Pendapatan utang obligasi) dicatat sebagai utang jangka panjang.
LEARNING OBJECTIVE
B. Mengidentifikasi berbagai masalah terkait obligasi.
EXERCISES
3. E14.3 (LO 1) (Entries for Bond Transactions)
Presented below are two independent situations.
1. On January 1, 2022, Divac SA issued €300,000 of 9%, 10-year bonds at par. Interest is
payable quarterly on April 1, July 1, October 1, and January 1.
2. On June 1, 2022, Verbitsky AG issued €200,000 of 12%, 10-year bonds dated January 1 at
par plus accrued interest. Interest is payable semiannually on July 1 and January 1.
Instructions
For each of these two independent situations, prepare journal entries to record the following.
a. The issuance of the bonds.
b. The payment of interest on July 1.
c. The accrual of interest on December 31.
Jawaban:
Divac SA:
a. January 1, 2022
Cash……………………………………………….€. 300,000
Bonds Payable…………………………………………….€. 300,000
b. July 1, 2022
Interest Expense…………………………………...€. 6,750
Cash……………………………………………………….€. 6,750
(€ 300,000 x 9% x 3/12 = € 6,750)
c. December 31, 2022
Interest Expense……………………………………€. 13,500
Interest Payable……………………………………………€. 13,500
(€ 6,750 x 3 = € 13,500) 3 months; April, July, and October
Verbitsky AG:
a. June 1, 2022
Cash……………………………………………….€. 210,000
Bonds Payable……………………………………………€. 200,000
Interest Expense………………………………………….€. 10,000
(€ 200,000 x 12% x 5/12 = € 10,000)
b. July 1, 2022
Interest Expense…………………………………….€. 12,000
Interest Payable…………………………………………..€. 12,000
(€ 200,000 x 12% x 6/12 = € 12,000)
c. December 31, 2022
Interest Expense…………………………………….€. 13,500
Interest Payable……………………………………………€. 13,500
Accrued interest only for July.

4. E14.10 (LO 1) (Information Related to Various Bond Issues)

Pawnee Inc. has issued three types of debt on January 1, 2022, the start of the company’s
fiscal year.
a. $10 million, 10-year, 13% unsecured bonds, interest payable quarterly. Bonds were priced
to yield 12%.
b. $25 million par of 10-year, zero-coupon bonds at a price to yield 12% per year.
c. $15 million, 10-year, 10% mortgage bonds, interest payable annually to yield 12%.
Instructions
Prepare a schedule that identifies the following items for each bond: (1) maturity value, (2)
number of interest periods over life of bond, (3) stated rate per each interest period, (4)
effective-interest rate per each interest period, (5) payment amount per period, and (6) present
value of bonds at date of issue.
Jawaban:
Unsecured Zero-Coupon Mortgage
Bonds Bons Bonds
Maturity value $ 10,000,000 $ 25,000,000 $ 15,000,000
Number of interest 40 10 10
periods
Satated rate per period 3.25% x (13%/4) 0 10%
Effective rate per 3% x (12%/4) 12% 12%
period
Payment amount per $ 325,000 (a) 0 $ 1,500,000 (b)
period
Present value $ 10,577,900 (c) $ 8,049,250 (d) $ 13,304,880 (e)

a. $10,000,000 X 13% X 1/4 = $325,000

b. $15,000,000 X 10% = $1,500,000
c. Present value of an annuity of $325,000 discounted
at 3% per period for 40 periods ($325,000 X 23.11477).............................. $
7,512,300
Present value of $10,000,000 discounted
at 3% per period for 40 periods ($10,000,000 X .30656).............................. $
3,065,600
$10,577,900
d. Present value of $25,000,000 discounted
at 12% for 10 periods ($25,000,000 X .32197)............................................ $ 8,049,250

e. Present value of an annuity of $1,500,000 discounted

at 12% for 10 periods ($1,500,000 X 5.65022)............................................ $ 8,475,330

Present value of $15,000,000 discounted

at 12% for 10 years ($15,000,000 X .32197)................................................. $
4,829,550
$13,304,880
LEARNING OBJECTIVE
C. Menjelaskan penilaian akuntansi untuk obligasi pada tanggal penerbitan.
EXERCISES
5. E14.9 (LO 1) (Entries for Bond Transactions)
On January 1, 2022, Osborn plc sold 12% bonds having a maturity value of £800,000 for
£860,651.79, which provides the bondholders with a 10% yield. The bonds are dated January
1, 2022, and mature January 1, 2027, with interest payable December 31 of each year.
Instructions
a. Prepare the journal entry at the date of the bond issuance.
b. Prepare a schedule of interest expense and bond amortization for 2022–2024.
c. Prepare the journal entry to record the interest payment and the amortization for 2022.
d. Prepare the journal entry to record the interest payment and the amortization for 2024.
Jawaban:
a. January 1, 2022
Cash…………………………………………………£. 860,651.79
Bons Payable………………………………………………….£. 860,651.79
b.
Schedule of Interest Expense and Bond Premium Amortization
Effective – Interest Method
12% Bonds Sold to Yeild 10%

Date Cash Interest Premium Carrying

Paid Expense Amortized Amount of
Bonds
01/01/10 - - - £ 860,651.79
13/31/10 £ 96,000.00 £ 86,065.18 £ 9,934.82 £ 850,716.97
12/31/11 £ 96,000.00 £ 85,071.70 £ 10,928.30 £ 839,788.67
12/31/12 £ 96,000.00 £ 83,978.87 £ 12,021.13 £ 827,767.54

c. December 31, 2022

Interest Expense………………………………………£. 86,065.18
Bonds Payable………………………………………...£. 9,934.82
Cash……………………………………………………………£. 96,000.00
d. December 31, 2024
Interest Expense………………………………………£. 83,978.87
Bonds Payable………………………………………...£. 12,021.13
Cash……………………………………………………………£. 96,000.00

6. E14.14 (LO 1, 3) (Entry for Retirement of Bond; Bond Issue Costs)

On January 2, 2019, Prebish Corporation issued $1,500,000 of 10% bonds to yield 11% due
December 31, 2028. Interest on the bonds is payable annually each December 31. The bonds
are callable at 101 (i.e., at 101% of face amount), and on January 2, 2022, Prebish called
$1,000,000 face amount of the bonds and retired them.
Instructions
a. Determine the price of the Prebish bonds when issued on January 2, 2019.
b. Prepare an amortization schedule for 2019–2023 for the bonds.
c. Ignoring income taxes, compute the amount of loss, if any, to be recognized by Prebish as
a result of retiring the $1,000,000 of bonds on January 2, 2022, and prepare the journal entry
to record the retirement.
Jawaban:
a.
Present value of the principal:
$ 1,500,000 x .35218…………………………………………………………..$. 528,270
Present value of the interest payments:
($ 1,500,000 x 10%) x 5.88923………………………………………………..$. 888,385
Present value (selling price) of the bonds……………………………………...$. 1,411,655
b.
Amortization Schedule
10-Year, 10% Bonds Sold to Yield 11%

Date Cash Interest Discount Carrying

Paid Expense Amortized Amount of
Bonds
02/01/2019 - - - $ 1,411,655
31/12/2019 $ 150,000 $ 155,282 $ 5,282 $ 1,416,937
 31/12/2020 $ 150,000 $ 155,863 $ 5,863 $ 1,422,800
31/12/2021 $ 150,000 $ 156,508 $ 6,508 $ 1,429,308
31/12/2022 $ 150,000 $ 157,224 $ 7,224 $ 1,436,532
31/12/2023 $ 150,000 $ 158,019 $ 8,019 $ 1,444,551

c.
Bonds Payable*……………………………………..….$. 952,872
Loss on Extinguishment of Bonds………………..…...$. 57,128
Cash*………………………………………………………..$. 1,010,000
*Bonds Payable; ($1,429,308 X $1,000,000/$1,500,000 = $. 952,872)
*Cash; ($1,000,000 X 101% = $. 1,010,000)

PROBLEMS
7. P14.2 (LO 1, 3) (Issuance and Retirement of Bonds)
Venzuela Co. is building a new hockey arena at a cost of $2,500,000. It received a down
payment of $500,000 from local businesses to support the project and now needs to borrow
$2,000,000 to complete the project. It decides to issue $2,000,000 of 10.5%, 10-year bonds.
These bonds were issued on January 1, 2021, and pay interest annually on each January 1.
The bonds yield 10%.
Instructions
a. Prepare the journal entry to record the issuance of the bonds on January 1, 2021.
b. Prepare a bond amortization schedule up to and including January 1, 2025.
c. Assume that on July 1, 2024, Venzuela Co. retires half of the bonds at a cost of $1,065,000
plus accrued interest. Prepare the journal entry to record this retirement.
Jawaban:
a. Present value of the principal
($ 2,000,000 x .38554) (PV10, 10%)…………………............................... $ 771,080
Present value of the interest payments
($ 210.000* X 6.14457) (PVOA10,10%)...................................................... $
1,290,360
$ 2,061,440
* $ 2,000,000 X 10.5% = $ 210,000
Cash………………………………………………….$. 2,061,440
 Bonds Payable………………………………………………$. 2,061,440
b.

Date Cash Interest Premium Carrying

Paid Expense Amortized Amount of
Bonds
01/01/2021 - - - $ 2,061,440
01/01/2022 $ 210,000 $ 206,144 $ 3,856 $ 2,057,584
01/01/2023 $ 210,000 $ 205,758 $ 4,242 $ 2,053,342
01/01/2024 $ 210,000 $ 205,334 $ 4,666 $ 2,048,676
01/01/2025 $ 210,000 $ 204,868 $ 5,132 $ 2,043,544

c. Carrying amount as of 01/01/2024……………………………………….. $ 2,048,676

Less: Amortization of bond premium (5,132/2)………………………….. $ 2,566
Carrying amount as of 01/07/2024……...................................................... $ 2,046,110

Reacquisition price……………………………………………………….. $ 1,065,000

Carrying amount as of 01/07/2024……......................................................($
2,046,110)
Loss………………………………………………………………………. $ 41,945

Entry for accrued interest

Interest Expense ($204,868 X 1/2 X 1/2)…………….$ 51,217
Bonds Payable………………………………………..$ 1,283
Cash ($210,000 X 1/2 X 1/2)…………………………………$ 52,500
Entry for reacquisition
Bonds Payable………………………………………..$ 1,023,055*
Loss on Extinguishment of Bonds………..…………..$ 41,945
Cash…………………………...………………………………$ 1,065,000
* Premium as of 7/1/12 to be written off
($2,046,110 – $2,000,000) X 1/2 = $23,055
The loss is reported as other income and expense.

8. P14.9 (LO 1, 3) (Issuance of Bonds Between Interest Dates, Retirement)

Presented below are selected transactions on the books of Simonson Foundry.
Instructions
Prepare journal entries for the transactions above.
Jawaban:
July 1, 2022
Cash (€ 900,000 X 1.19219) + (€ 900,000 X 12% X 6/12)…. €1,126,971.00
Bonds Payable........................................................................................€ 1,072,971.00
Interest Expense (€ 900,000 X 12% X 6/12)..........................................€ 54,000.00
December 31, 2022
Interest Expense (€ 900,000 X 12%)........................................€ 108,000.00
Interest Payable......................................................................................€ 108,000.00
Bonds Payable ..........................................................................€ 351.45
Interest Expense
[(108,000 – 54,000) – (1,072,971 X 10% 6/12)]..............................€ 351.45
January 1, 2023
Interest Payable ........................................................................€ 108,000.00
Cash .......................................................................................................€ 108,000.00
January 2, 2023
Bonds Payable ..........................................................................€ 429,047.82*
Cash (360,000 X 102%) ........................................................................€ 367,200.00
Gain on Extinguishment of Bonds.........................................................€ 61,847.82
*[(360,000 ÷ 900,000) X (1,072,971 – 351.45).
Reacquisition price
(360,000 X 102%).............................................................................................€ 367,200.00
Net carrying value of bonds redeemed:
(1,072,971 – 351.45) X (360,000 ÷ 900,000) …................................................€ (429,047.82)
Gain on redemption............................................................................................€ (61,847.82)
December 31, 2023
Interest Expense (540,000 X .12) …..........................................€ 64,800.00
Interest Payable .....................................................................................€ 64,800.00

Bonds Payable....................................................................... 442.83

Interest Expense
[(1,072,971 – 351.45 – 429,047.82) X .10] – 64,800............................ 442.83
LEARNING OBJECTIVE
D. Menerapkan metode amortisasi diskonto dan premi obligasi.
EXERCISES

9. E14.6 (LO 1) (Amortization Schedule)

Spencer plc sells 10% bonds having a maturity value of £3,000,000 for £2,783,724. The
bonds are dated January 1, 2022, and mature January 1, 2027. Interest is payable annually on
January 1.
Instructions
Set up a schedule of interest expense and discount amortization. (Hint: The effective-interest
rate must be computed.)
Jawaban:
Bunga efektif atau tingkat hasil adalah 12%. Ini ditentukan melalui trial and error
menggunakan Tabel 6-2 untuk nilai diskonto pokok (£ 1.702.290) dan Tabel 6-4 untuk nilai
potongan bunga (£ 1.081.434); £ 1,702,290 ditambah £ 1,081,434 sama dengan hasil dari £
2,783,724. (Kalkulator keuangan dapat digunakan untuk menentukan tingkat 12%.)
Schedule of Discount Amortization
Effective-Interest Method (12%)

Year Cash Interest Discount Carrying

Paid Expense Amortized Amount of
Bonds
01/01/2022 - - - £ 2,783,724.00
31/12/2023 £ 300,000 £ 334,046.88* £ 34,046.88 £ 2,817,770.88
31/12/2024 £ 300,000 £ 338,132.51 £ 38,132.51 £ 2,855,903.39
31/12/2025 £ 300,000 £ 342,708.41 £ 42,708.41 £ 2,898,611.80
31/12/2026 £ 300,000 £ 347,833.42 £ 47,833.42 £ 2,946,445.22
31/12/2027 £ 300,000 £ 353,554.78** £ 53,554.78 £ 3,000,000.00
* £ 334,046.88 = £ 2,783,724 x .12.
** Pembulatan
PROBLEMS
10. P14.1 (LO 1) (Analysis of Amortization Schedule and Interest Entries)
The following amortization and interest schedule reflects the issuance of 10-year bonds by
Capulet SpA on January 1, 2016, and the subsequent interest payments and charges. The
company’s year-end is December 31, and financial statements are prepared once yearly.

Instructions
a. Indicate whether the bonds were issued at a premium or at a discount and how you can
determine this fact from the schedule.
b. Determine the stated interest rate and the effective-interest rate.
c. On the basis of the schedule, prepare the journal entry to record the issuance of the bonds
on January 1, 2016.
d. On the basis of the schedule, prepare the journal entry or entries to reflect the bond
transactions and accruals for 2016. (Interest is paid January 1.)
e. On the basis of the schedule, prepare the journal entry or entries to reflect the bond
transactions and accruals for 2023. Capulet does not use reversing entries.
Jawaban:
a. Obligasi tersebut dijual dengan harga diskon €. 5.651. Bukti diskon adalah nilai buku 1
Januari 2016 sebesar €. 94.349, lebih kecil dari nilai jatuh tempo €. 100.000 pada tahun 2025.
b. Tarif yang disebutkan adalah 11% (€ 11.000 ÷ $ 100.000). Tarif efektifnya adalah 12% (€
11.322 ÷ $ 94.349).
c. January 1, 2016
Cash…………………………………………………€. 94,349
Bons Payable………………………………………………….€. 94,349

d. December 31, 2016

Interset Expense…………………………………………€. 11,322
Bons Payable……………………………………………....….€. 322
Interset Payable………………………………………….…….€. 11,000
e. January 1, 2023
Interest Payable………………………………….………€. 94,349
Cash………………………………………………………...….€. 94,349
December 31, 2023
Interset Expense…………………………………………€. 11,712
Bons Payable……………………………………………....….€. 712
Interset Payable………………………………………….…….€. 11,000