LATIHAN TM 4

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 5 sampai dengan 9 ( 23 Maret  – 29  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 14
(NON-CURRENT LIABILITIES)

LEARNING OBJECTIVE
A. Menjelaskan akuntansi untuk wesel bayar jangka panjang.
EXERCISES
1. E14.11 (LO 2) (Entries for Zero-Interest-Bearing Notes)
On January 1, 2022, McLean AG makes the two following acquisitions.
1. Purchases land having a fair value of €300,000 by issuing a 5-year, zero-interest-bearing
promissory note in the face amount of €505,518.
2. Purchases equipment by issuing a 6%, 8-year promissory note having a maturity value of
€400,000 (interest payable annually). The company has to pay 11% interest for funds from its
bank.
Instructions
a. Record the two journal entries that should be recorded by McLean AG for the two
purchases on January 1, 2022.
b. Record the interest at the end of the first year on both notes.
Jawaban:
a. Record the two journal entries that should be recorded by McLean AG for the two
purchases on January 1, 2022.
1. January 1, 2022
Land .......................................................................€ 300,000
Notes Payable.....................................................................€ 300,000
(The $300,000 capitalized land cost represents the present value of the note discounted for
five years at 11%.)
2. Equipment...........................................................€ 297,079*
Notes Payable.....................................................................€ 297,079
*Computation of the present value of the note:
Present value of € 400,000 due in 8 years at 11%— € 400,000 X .43393...................€ 173,572
Present value of € 24,000 payable annually for 8 years at 11%
annually— € 24,000 X 5.14612...................................................................................€ 123,507
Present value of the note …………………………………………………………….€ 297,079
b. Record the interest at the end of the first year on both notes.
1. Interest Expense ...............................................................€ 33,000
Notes Payable..............................................................................€ 33,000*
*(€ 300,000 x 0.11 = € 33,000)

2. Interest Expense ...............................................................€ 32,679*

Notes Payable..............................................................................€ 8,679
Cash…………………………………………………………….€ 24,000*
*(€ 297,079 x 0.11 = € 32,679)
*(€ 400,000 x 0.06 = € 24,000)

2. E14.12 (LO 2) (Imputation of Interest)

The following are two independent situations.
Instructions
a. On January 1, 2022, Spartan Inc. purchased land that had an assessed value of $390,000 at
the time of purchase. A $600,000, zero-interest-bearing note due January 1, 2025, was given
in exchange. There was no established exchange price for the land, nor a ready market price
for the note. The interest rate charged on a note of this type is 12%. Determine at what
amount the land should be recorded at January 1, 2022, and the interest expense to be
reported in 2022 related to this transaction.
b. On January 1, 2022, Geimer Furniture Co. borrowed $4,000,000 (face value) from Aurora
Co., a major customer, through a zero-interest-bearing note due in 4 years. Because the note
was zerointerest-bearing, Geimer Furniture agreed to sell furniture to this customer at lower
than market price. A 10% rate of interest is normally charged on this type of loan. Prepare the
journal entry to record this transaction and determine the amount of interest expense to report
for 2022.
Jawaban:
a.
Face value of the zero-interest-bearing note............................................... $600,000
Discounting factor (12% for 3 periods)...................................................... X .71178
Amount to be recorded for the land at January 1, 2022 ............................. $427,068

Carrying value of the note at January 1, 2022............................................. $427,068

Applicable interest rate (12%)...................................................................... X .12
Interest expense to be reported in 2022........................................................ $ 51,248
b. January 1, 2022
Cash .......................................................................$. 4,000,000
Notes Payable........................................................................$ 2,732,040
Unearned Revenue ................................................................$ 1,267,960*
*$4,000,000 – ($4,000,000 X .68301) = $1,267,960
Carrying value of the note at January 1, 2022 .................................... $2,732,040
Applicable interest rate (10%).............................................................. X .10
Interest expense to be reported for 2022 ..............................................$ 273,204

3. E14.13 (LO 2) (Imputation of Interest with Right)

On January 1, 2022, Durdil A.Ş. borrowed and received 500,000 from a major customer
evidenced by a zero-interest-bearing note due in 3 years. As consideration for the zero-
interest-bearing feature, Durdil agrees to supply the customer’s inventory needs for the loan
period at lower than the market price. The appropriate rate at which to impute interest is 8%.
Instructions
a. Prepare the journal entry to record the initial transaction on January 1, 2022.
b. Prepare the journal entry to record any adjusting entries needed at December 31, 2022.
Assume that the sales of Durdil’s product to this customer occur evenly over the 3-year
period.
Jawaban:
a. January 1, 2022
Cash .......................................................................$ 500,000
Notes Payable..................................................................$ 396,915
Unearned Revenue ($500,000 – $396,915) ....................$103,085
Face value .................................................................................. $ 500,000
Present value of 1 at 8% for 3 years .......................................... X .79383
Present value............................................................................... $ 396,915
b. December 31, 2022
Interest Expense ($396,915 X 8%)..........................$ 31,753*
Notes Payable..................................................................$ 31,753*
Unearned Revenue ($103,085 ÷ 3) .........................$ 34,362*
Sales................................................................................$ 34,362*
*Rounded
PROBLEMS
4. P14.5 (LO 2) (Entries for Zero-Interest-Bearing Note)
On December 31, 2022, Faital plc acquired a computer system from Plato Group by issuing a
£600,000 zero-interest-bearing note, payable in full on December 31, 2026. Faital’s credit
rating permits it to borrow funds from its several lines of credit at 10%. The computer is
expected to have a 5-year life and a £70,000 residual value.
Instructions
a. Prepare the journal entry for the purchase on December 31, 2022.
b. Prepare any necessary adjusting entries relative to depreciation (use straight-line) and
amortization on December 31, 2023.
c. Prepare any necessary adjusting entries relative to depreciation and amortization on
December 31, 2024.
Jawaban:
(a) December 31, 2022
Computer........................................................................£ 409,806.00
Notes Payable..............................................................................£ 409,806.00
(Computer capitalized at the present value of the note—£600,000 X .68301)
(b) December 31, 2023
Depreciation Expense .....................................................£ 67,961.20
Accumulated Depreciation—Computer
[(£409,806 – £70,000) ÷ 5]..........................................................£ 67,961.20
Interest Expense ...........................................................£ 40,980.60
Notes Payable...............................................................................£ 40,980.60
(c)
Schedule of Note Discount Amortization
Date Debit, Interest Expense Carrying Amount of
Credit, Notes Payable Note
December 31, 2022 - £ 409,806.00
December 31, 2023 £ 40,980.60 £ 450,786,60
December 31, 2024 £ 45,078.66 £ 495,865.26
December 31, 2025 £ 49,586.53 £ 545,451.79
December 31, 2026 £ 54,548.21 £ 600,000.00
 5. P14.6 (LO 2) (Entries for Zero-Interest-Bearing Note; Payable in Installments)
Sabonis Cosmetics Co. purchased machinery on December 31, 2021, paying $50,000 down
and agreeing to pay the balance in four equal installments of $40,000 payable each December
31. An assumed interest rate of 8% is implicit in the purchase price.
Instructions
Prepare the journal entries that would be recorded for the purchase and for the payments and
interest on the following dates.
a. December 31, 2021.
b. December 31, 2022.
c. December 31, 2023.
d. December 31, 2024.
e. December 31, 2025.
Jawaban:
(a) December 31, 2021
Machinery.............................................................$ 182,485.20*
Cash ......................................................................................$ 50,000.00
Notes Payable........................................................................$ 132,485.20
*To record machinery at the present value of the note plus the immediate cash payment: PV
of $40,000 annuity @ 8% for 4 years ($40,000 X 3.31213) .......................................
$132,485.20
Down payment..........................................................................................................$
50,000.00
Capitalized value of Machinery...............................................................................
$182,485.20
(b) December 31, 2022
Notes Payable........................................................$ 40,000.00
Cash ......................................................................................$ 40,000.00
Interest Expense....................................................$ 10,598.82
Notes Payable........................................................................$ 10,598.82
Schedule of Note Discount Amortization
Date Cash Paid Interest Amortization Carrying
Expense Amount of Note
31/12/2021 - - - $ 132,485.20
 31/12/2022 $ 40,000.00 $ 10,598.82 $ 29,401.18 $ 103,084.02*
31/12/2023 $ 40,000.00 $ 8,246.72 $ 31,753.28 $ 71,330.74
31/12/2024 $ 40,000.00 $ 5,706.46 $ 34,293.54 $ 37, 037.20
31/12/2025 $ 40,000.00 $ 2,962.80** $ 37,037.20 -

*$103,084.02 = $132,485.20 – $29,401.18.

**$0.18 adjustment due to rounding.
(c) December 31, 2023
Notes Payable ..........................................................$ 40,000.00
Cash......................................................................................$ 40,000.00
Interest Expense .......................................................$ 8,246.72
Notes Payable ......................................................................$ 8,246.72
(d) December 31, 2024
Notes Payable ..........................................................$ 40,000.00
Cash......................................................................................$ 40,000.00
Interest Expense .......................................................$ 5,706.46
Notes Payable ......................................................................$ 5,706.46
(e) December 31, 2025
Notes Payable ...........................................................$ 40,000.00
Cash......................................................................................$ 40,000.00
Interest Expense ........................................................$ 2,962.80
Notes Payable ......................................................................$ 2,962.80
LEARNING OBJECTIVE
B. Menjelaskan akuntansi untuk pelunasan liabilitas tidak lancar.
EXERCISES
6. E14.17 (LO 3) (Settlement of Debt)
Strickland Company owes $200,000 plus $18,000 of accrued interest to Moran State Bank.
The debt is a 10-year, 10% note. During 2022, Strickland’s business deteriorated due to a
faltering regional economy. On December 31, 2022, Moran State Bank agrees to accept an
old machine and cancel the entire debt. The machine has a cost of $390,000, accumulated
depreciation of $221,000, and a fair value of $180,000.
Instructions
a. Prepare journal entries for Strickland Company to record this debt settlement.
b. How should Strickland report the gain or loss on the disposition of machine and on
restructuring of debt in its 2022 income statement?
c. Assume that, instead of transferring the machine, Strickland decides to grant 15,000 of its
ordinary shares ($10 par), which have a fair value of $180,000, in full settlement of the loan
obligation. Prepare the entries to record the transaction.
Jawaban:
(a) Transfer of property on December 31, 2022:
Strickland Company (Debtor):
Note Payable...............................................................$ 200,000
Interest Payable...........................................................$ 18,000
Accumulated Depreciation—Machine.......................$ 221,000
Machine............................................................................$ 390,000
Gain on Disposition of Machine.......................................$ 11,000*
Gain on Extinguishment of Debt......................................$ 38,000*
* $180,000 – ($390,000 – $221,000) = $11,000.
* ($200,000 + $18,000) – $180,000 = $38,000.
(b) “Gain on Disposition of Machine” dan “Gain on Extinguishment of Debt” harus
dilaporkan di bawah Pendapatan dan beban lain-lain dalam laporan laba rugi.
(c) Granting of equity interest on December 31, 2010:
Strickland Company (Debtor):
Note Payable................................................................$. 200,000
Interest Payable............................................................$ 18,000
Share Capital—Ordinary......................................................$ 150,000
Share Premium—Ordinary...................................................$ 30,000
Gain on Extinguishment of Debt..........................................$ 38,000

7. E14.20 (LO 3) (Entries for Settlement of Debt)

Consider the following independent situations.
Instructions
a. Gottlieb Stores owes €199,800 to Ceballos SpA. The debt is a 10-year, 11% note. Because
Gottlieb is in financial trouble, Ceballos agrees to accept some land and cancel the entire
debt. The land has a book value of €90,000 and a fair value of €140,000. Prepare the journal
entry on Gottlieb’s books for debt settlement.
b. Vargo Corp. owes $270,000 to First Trust. The debt is a 10-year, 12% note due December
31, 2022. Because Vargo Corp. is in financial trouble, First Trust agrees to extend the
maturity date to December 31, 2024, reduce the principal to $220,000, and reduce the interest
rate to 5%, payable annually on December 31. Vargo’s market rate of interest is 8%. Prepare
the journal entries on Vargo’s books on December 31, 2022, 2023, and 2024.
Jawaban:
a. Gottlieb Co.’s entry:
Note Payable...................................................................$ 199,800
Property ..................................................................................$ 90,000
Gain on Disposition of Property
(€140,000 – €90,000) .............................................................$ 50,000
Gain on Extinguishment of Debt ............................................$ 59,800*
*€199,800 – €140,000.
b. Present value of restructured cash flows:
Present value of $220,000 due in 2 years
at 8%, interest payable annually
(Table 6-2); ($220,000 X .85734)...................................................$ 188,615
Present value of $11,000 interest payable
annually for 2 years at 8% (Table 6-4);
($11,000 X 1.78326) .......................................................................$ 19,616
Fair value of note............................................................................ $ 208,231
Vargo Corp.’s entries:
2022 Note Payable (Old).......................................................$ 270,000
Gain on Extinguishment of Debt ..................................................$ 61,769
Note Payable (New)......................................................................$ 208,231
2023 Interest Expense ($208,231 X 8%)...............................$ 16,658
Note Payable..................................................................................$ 5,658
Cash (5% X $220,000)...................................................................$ 11,000
2024 Interest Expense [($208,231 + $5,658) X .08]..............$ 17,111
Note Payable..................................................................................$ 213,889
Cash [$220,000 + (5% X $220,000)].............................................$ 231,000

PROBLEMS
LEARNING OBJECTIVE
C. Menjelaskan akuntansi untuk opsi nilai wajar.
EXERCISES
8. E14.21 (LO 4) (Fair Value Option)
Fallen AG commonly issues long-term notes payable to its various lenders. Fallen has had a
pretty good credit rating, such that its effective borrowing rate is quite low (less than 8% on
an annual basis). Fallen has elected to use the fair value option for the long-term notes issued
to Barclay’s Bank and has the following data related to the carrying and fair value for these
notes. (Assume that changes in fair value are due to general market interest rate changes).
Carrying Fair Value
Value
December 31, 2022 € 54,000 € 54,000
December 31, 2023 € 44,000 € 42,500
December 31, 2024 € 36,000 € 38,000
Instructions
a. Prepare the journal entry at December 31 (Fallen’s year-end) for 2022, 2023, and 2024, to
record the fair value option for these notes.
b. At what amount will the note be reported on Fallen’s 2023 statement of financial position?
c. What is the effect of recording the fair value option on these notes on Fallen’s 2024
income?
d. Assuming that general market interest rates have been stable over the period, do the fair
valuedata for the notes indicate that Fallen’s creditworthiness has improved or declined in
2024? Explain.
e. Assuming the conditions that exist in (d), what is the effect of recording the fair value
option on these notes in Fallen’s income statement in 2022, 2023, and 2024?
Jawaban:
(a) December 31, 2022
Tidak ada entri karena nilai tercatatnya sama dengan nilai wajar wesel.
December 31, 2023
Note Payable...........................................................................€ 1,500
Unrealized Holding Gain or Loss—Income .............................€ 1,500
December 31, 2024
Unrealized Holding Gain or Loss—Income...........................€ 3,500
 Note Payable [(€38,000 – €36,000) + €1,500]...........................€ 3,500

b. Uang kertas tersebut akan dilaporkan dengan harga € 42.500 pada pernyataan Fallen pada
tahun 2022 di posisi keuangan.
c. Pendapatan Fallen tahun 2023 lebih rendah € 3.500 karena perubahan nilai wajarnya
dilaporkan sebagai bagian dari laba bersih.
d. Kelayakan kredit Fallen telah menurun sejak nilai wajar utangnya menurun. Karena suku
bunga pasar umum telah stabil, maka penurunan nilai wajar pasti disebabkan oleh penurunan
Fallen's kelayakan kredit.

PROBLEMS
9. P14.12 (LO 3) (Modification of Note under Different Circumstances)
Halvor Corporation is having financial difficulty and therefore has asked Frontenac National
Bank to restructure its $5 million note outstanding. The present note has 3 years remaining
and pays a current rate of interest of 10%. The present market rate for a loan of this nature is
12%. The note was issued at its face value.
Instructions
Presented below are three independent situations. Prepare the journal entry that Halvor would
make for each of these restructurings.
a. Frontenac National Bank agrees to take an equity interest in Halvor by accepting ordinary
shares valued at $3,700,000 in exchange for relinquishing its claim on this note. The ordinary
shares have a par value of $1,700,000.
b. Frontenac National Bank agrees to accept land in exchange for relinquishing its claim on
this note. The land has a book value of $3,250,000 and a fair value of $4,000,000.
c. Frontenac National Bank agrees to modify the terms of the note, indicating that Halvor
does not have to pay any interest on the note over the 3-year period.
Jawaban:
a.
Note Payable.....................................................................$ 5,000,000
Share Capital—Ordinary ...........................................................$ 1,700,000
Share Premium—Ordinary ........................................................$ 2,000,000
Gain on Extinguishment of Debt................................................$ 1,300,000

Carrying amount of debt.........................................................................$ 5,000,000

Fair value of equity............................................................................... ($ 3,700,000)
Gain on extinguishment of debt ............................................................ $1,300,000

b.
Note Payable.....................................................................$ 5,000,000
Land ...............................................................................................$ 3,250,000
Gain on Disposition of Real Estate ................................................$ 750,000
Gain on Extinguishment of Debt....................................................$ 1,000,000

Fair value of land........................................................................................$ 4,000,000

Book value of land.................................................................................... ($ 3,250,000)
Gain on disposition of real estate................................................................$ 750,000

Note payable (carrying amount).................................................................$ 5,000,000

Fair value of land.......................................................................................($ 4,000,000)
Gain on extinguishment of debt................................................................. $1,000,000
c.
Note Payable (Old) ............................................................$ 5,000,000
Gain on Extinguishment of Debt .............................................................$ 1,712,400*
Note Payable (New)..................................................................................$ 3,287,600
*Calculation of gain.
Pre-restructure carrying amount .............................................................. $ 5,000,000
Less: Present value of restructured cash flows:
Present value of $5,000,000 due in 3 years
at 12% (Table 6-2); ($5,000,000 X .65752) ..............................................$ 3,287,600
Debtor’s gain on extinguishment............................................................... $ 1,712,400
LEARNING OBJECTIVE
D. Menjelaskan pelaporan pembiayaan di luar neraca (off-balance sheet).
EXERCISES

PROBLEMS

LEARNING OBJECTIVE
E. Menunjukkan bagaimana menyajikan dan menganalisis liabilitas tidak lancar.
EXERCISES

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