. Ario Sinaga (190120116) . Sridesi Sitanggang (190120117) . Hotlider Rumapea (190120119) . Agusrina Telaumbanua (190120120) . Sindy Syah Putry Silalahi (190120127) . Hanni Cristina Manik (190120141) . Sopianta Br. Lubis (190120142) - Ramelinium Purba (190120144) . Iman Kristiani Zega (190120148) 10. Tommy Sihombing (190120150) 11. Marsaulina Sitorus (190120154) Oo WON DWN PWNParagraph Drawing Equity Transaction and Statement Preparation On January 5, 2010 Phepls Corporation received a charter granting the right to issue 5,000 shares of $ 100 par value 8%, cumulative and non participating prefence shares and 50,000 shares of 310 par value ordinary shares. It then completed these transaction. Jan 11 Issued 20,000 ordinary shares at $16 per share Feb 11 Issued to Sanchez Corp 4.000 preference shares for the follow ing assets, machiney with a fair value of $50,000, a factory building with a fair value of $ 160,000. and land with an appraised value of $270,000 July 29 Purchased 1,800 ordinary shares at $17 per share. (Use cost method) Aug 10 Sold the 1,800 treasury shares at $14 per share Dec 31 Declared a $0,25 per share cash dividend on the ordmary shares and declared the prefence dividend Dec31 Closed the income Summary account There was $175,700 net income. Instructions a. Record the joumal entries for the transactions listed above. b. Prepare the equity section of Phelps Comoration’s statement of financial position as of December 31, 2010. a. Record the jurnal enties for the transaction listed above 11-Jan-10 Kas $ 320.000 Saham Biasa Saham Premium Biasa 11-Feb-10 Mesin S$ 50.000 Bangunan pabrik S$ 160.000 Tanah S 270.000 Saham Preferen Saham Premium-Preferen 29-Jul-10 Saham Biasa $ 30.600 Kas 10-Aug-10 Kas § 25.200 Laba Ditahan S$ 5.400 Saham Treasury 31-Dec-10 Laba Ditahan S 37.000 Hutang Deviden Iktisar Laba Rugi S$ 175.700 Laba Ditahan 200.000 120.000 37.000 175.700b, Prepare the equity section of Phelps Corporations statemen of financial position as of December 31,2010. Phelps Corporation Ekuitas Pemegang Saham 31-Dec-10 Ekuitas Saham Preferen-Nilai par $ 10 per saham, 8% Kmulatif dan non partisipasi 5000 saham resmi 4000 saham diterbitkan dan beredar 400.000 Saham Biasa 50.000 saham resmi 20.000 saham diterbitkan dan beredar 200.000 Total Ekuitas Saham 600.000 Saham premium Preferen $ 80.000 Biasa $ 120.000 200.000 Total Saham Premtum 800.000 Laba Ditahan 133.300 Total Ekuitas Pemegang Saham 933.300BNL PART TT SSS Crewing ‘Treasury Share Transactions and Presentation ‘Clemson Company had the following equity as of January 1.2010. Share Capital-ordinary, $ 5 parvalue, 20,000 shares issued $100,000 Share premium-ordinary 300,000 Retained eamings 320,000 Total equity $ 720,000 During. 2010 the following transaction occured. Feb 1 Clemson repurchased 2,000 treasury shares at a price of $ 19 per share. ‘Mar 1 800 shares of treasury shares repurchased above were reissued at $ 17 per share Mar18 500 shares of treasury shares repurchased above were reissued at $ 14 per share Apr22 600 shares of treasury shares repurchased above were reissued at $ 20 per share Instructions a. Prepare the jourmal entries to record the treasury share transactions in 2010, assuming Clemson uses the method. ‘b. Prepare the equity section as of April 30, 2010. Net income to the first 4 months of 2010, was $ 130,000. (is oe a. Prepare the journal entries to record the treasury share transaction in 2010, assuming Clemon use the method 01-Feb-10 Saham Treasury Kas 01-Mar-10 Kas $ 13.600 Laba Ditahan S$ 1.600 Saham Treasury 18-Mar-10 kas Laba Ditahan Saham Treasury 22-Apr-10 Kas $ 12.000 Saham Treasury Saham Premium-Treasuryb, Prepare the equity section as of april 30,2010, Net income to the fine 4 months of 2010, was $130.000 Clemson Company Ekuitas Pemegang Saham 30-Apr-10 $ 846.500Paragraph Orawing Treasury shares- cost method Before Smith Corporation engages in the treasury share transaction listed below, its general ledger reflects, among others, the following account bal ances (par value is 30 per share). 99,000 270,000 80,000 Instructions. Record the treasury share transaction (given below ) under the cost method of handling treasury shares, use the FIFO method for purchase-sale purposes. a. Bought 380 treasury shares at 40 per share b. Bought 300 treasury shares at 45 per share c. Sold 350 treasury shares at 42 per share d. Sold 110 treasury shares at 38 per share SMITH CORPORATION a. Bought 380 treasury shares at 40 per share Saham Treasury Rp 15.200 Kas Rp 15.200 b. Bought 300 treasury shares at 45 per share Saham Treasury Rp 13.500 Kas Rp 13.500 c. Sold 350 treasury shares at 42 per share Kas Rp 14.700 Saham Treasury Rp 14.000 Saham Premium- Treasury Rp 700 d. Sold 110 treasury shares at 38 per share Kas Rp 4.180 Saham Treasury Rp 620 Saham Premium- TreasuryCatatan: 30 saham dibeli pada harga 40 1200 80 saham dibeli pada harga 45 3600 110 biaya penjualan saham treasury dengan metode FiFO 4800