CONTOH SOAL TRY OUT PENGANTAR AKUNTANSI 2

BERIKUT SOALNYA: MAAF JAWABAN SOAL PENGANTAR AKUNTANSI 2 NYA NGGAK ADA :D
Soal 1 :
On January 1, 2011, TCU Utilities issued $1,000,000 in bonds that mature in 10 years. The bonds have a stated interest rate of 10 percent and pay interest on June 30 and December 31 each year. When the bonds were sold, the market rate of interest was 12 percent. The company uses the effective-interest amortization method.
Required:
1.      What was the issue price on January 1, 2011?
2.      What amount of interest expense should be recorded on (a) June 30, 2011? and (b) December 31, 2011?
3.      What amount of cash interest should be paid on (a) June 30, 2011? and (b) December 31, 2011?
4.      What is the book value of the bonds on (a) June 30, 2011? and (b) December 31, 2011?

Soal 2 :
On January 1, 2011, Cron Corporation issued $700,000 in bonds that mature in five years. The bonds have a stated interest rate of 13 percent and pay interest on June 30 and December 31 each year. When the bonds were sold, the market rate of interest was 12 percent. The company uses the effective-interest amortization method.
Required:
1.      What was the issue price on January 1, 2011?
2.      What amount of interest expense should be recorded on (a) June 30, 2011? and (b) December 31, 2011?
3.      What amount of cash interest should be paid on (a) June 30, 2011? and (b) December 31, 2011?
4.      What is the book value of the bonds on (a) June 30, 2011? and (b) December 31, 2011?

Soal 3 :
On January 1, 2011, Avaya Corporation issued $2,000,000 in bonds that mature in five years. The bonds have a stated interest rate of 6 percent and pay interest on December 31 each year. When the bonds were sold, the market rate of interest was 8 percent. The company uses the effective-interest amortization method.
Required:
1.      What was the issue price on January 1, 2011?
2.      What amount of interest expense should be recorded on (a) December 31, 2011? and (b) December 31, 2012?
3.      What amount of cash interest should be paid on (a) December 31, 2011? and (b) December 31, 2012?
4.      What is the book value of the bonds on (a) December 31, 2011? and (b) December 31, 2012?

Soal 4 :
Energy Corporation had the following transactions relating to its long-term liabilities for the year :
a.       Issued a $30,000, three-year, 8% note payable to White Corporation for a truck purchased on January 2. Interest is payable annually on December 31 of each year.
b.      Issued $300,000 of 12%, 10-year bonds on July 1. The market rate on the date of issuance was 12%. Interest payments are made on June 30 and December 31 of each year.
c.       Purchased a warehouse on December 1 by borrowing $250,000. The terms of the mortgage call for monthly payments of $2,194 for 30 years to be made at the end of each month. The interest rate on the mortgage is 10%.

Soal 5 :
Schwedt Company issued $280,000 of 9%, 10-year bonds at face value on September 1, 2012. The bonds pay interest on March 1 and September 1. Schwedt uses the calendar year for financial reporting purposes.
a.       Provide the journal entry to record the bond issuance on September 1, 2012.
b.      Provide the journal entry to record interest expense on December 31, 2012.
c.       Provide the journal entries made during 2013 relating to the bond.
d.      On February 20, 2014, Schwedt elected to retire the bond issue early. The market price on the day of retirement was $300,000. Provide the journal entries to record the bond retirement.
e.       Why do you think Schwedt elected to retire the bonds early?

Soal 6 :
Sealon Corporation issued $100,000 of 10%, 10-year bonds at 102 on April 1, 2012. Interest is payable semiannually on April 1 and October 1. Sealon Corporation uses the calendar year for financial reporting.
1.      Record the necessary entries to account for these bonds on the following three dates. (Use the straight-line method to amortize the bond premium)
a.       April 1, 2012
b.      October 1, 2012
c.       December 31, 2012
2.      Show how the bonds would be reported on the balance sheet of Sealon Corporation on December 31, 2012.

Soal 7 :
EZ Curb Company completed the following transactions during 2010. The annual accounting period ends December 31, 2010.
§  Jan. 8 : Purchased merchandise on account at a cost of $14,000. (Assume a perpetual inventory system.)
§  Jan. 17 : Paid for the January 8 purchase.
§  Apr. 1 : Received $40,000 from National Bank after signing a 12-month, 6 percent, promissory note.
§  June 3 : Purchased merchandise on account at a cost of $18,000.
§  July 5 : Paid for the June 3 purchase.
§  Aug. 1 : Rented out a small office in a building owned by EZ Curb Company and collected six months’ rent in advance amounting to $6,000. (Use an account called Unearned Rent Revenue.)
§  Dec. 31 : Determined that wages of $6,500 were earned but not yet paid on December 31 (ignore payroll taxes).
§  Dec. 31 : Adjusted the accounts at year-end, relating to interest.
§  Dec. 31 : Adjusted the accounts at year-end, relating to rent.

Soal 8 :
Jack Hammer Company completed the following transactions during 2010. The annual accounting
period ends December 31, 2010.
§  Apr. 30 : Received $550,000 from Commerce Bank after signing a 12-month, 6 percent, promissory note.
§  June 6 : Purchased merchandise on account at a cost of $75,000. (Assume a perpetual inventory system.)
§  July 15 : Paid for the June 6 purchase.
§  Aug. 31: Signed a contract to provide security service to a small apartment complex and collected six months’ fees in advance amounting to $12,000. (Use an account called Unearned Service Revenue.)
§  Dec. 31: Determined salary and wages of $40,000 were earned but not yet paid as of December 31 (ignore payroll taxes).
§  Dec. 31: Adjusted the accounts at year-end, relating to interest.
§  Dec. 31: Adjusted the accounts at year-end, relating to security service.

Soal 9 :
On January 1, 2009, Loop Raceway issued 600 bonds, each with a face value of $1,000, a stated interest rate of 5% paid annually on December 31, and a maturity date of December 31, 2011. On the issue date, the market interest rate was 6 percent. Loop uses the straight-line bond amortization method.
Required:
1.      Prepare a bond amortization schedule.
2.      Give the journal entry to record the bond issue.
3.      Give the journal entries to record the interest payments on December 31, 2009 and 2010.
4.      Give the journal entry to record the interest and face value payment on December 31, 2011.
5.      Assume the bonds are retired on January 1, 2011, at a price of 98. Give the journal entries to record the bond retirement.

Soal 10 :
On January 1, 2009, Surreal Manufacturing issued 600 bonds, each with a face value of $1,000, a stated interest rate of 3 percent paid annually on December 31, and a maturity date of December 31, 2011. On the issue date, the market interest rate was 4 percent. Surreal uses the effective-interest bond amortization method.
Required:
1.      Prepare a bond amortization schedule.
2.      Give the journal entry to record the bond issue.
3.      Give the journal entries to record the interest payments on December 31, 2009 and 2010.
4.      Give the journal entry to record the interest and face value payment on December 31, 2011.
5.      Assume the bonds are retired on January 1, 2011, at a price of 101. Give the journal entry to record the bond retirement.

Soal 11 :
Tiger Company completed the following transactions during 2010. The annual accounting period ends December 31, 2010.
§  Jan. 3 : Purchased merchandise on account at a cost of $24,000. (Assume a perpetual inventory system.)
§  Jan. 27 : Paid for the January 3 purchase.
§  Apr. 1 Received $80,000 from Atlantic Bank after signing a 12-month, 5 percent, promissory note.
§  June 13 : Purchased merchandise on account at a cost of $8,000.
§  July 25 : Paid for the June 13 purchase.
§  Aug. 1 : Rented out a small office in a building owned by Tiger Company and collected eight months’ rent in advance amounting to $8,000. (Use an account called Unearned Rent Revenue.)
§  Dec. 31 : Determined wages of $12,000 were earned but not yet paid on December 31 (ignore payroll taxes).
§  Dec. 31 : Adjusted the accounts at year-end, relating to interest.
§  Dec. 31 : Adjusted the accounts at year-end, relating to rent.

Soal 12 :
On January 1, 2009, Methodical Manufacturing issued 100 bonds, each with a face value of $1,000, a stated interest rate of 5 percent paid annually on December 31, and a maturity date of December 31, 2011. On the issue date, the market interest rate was 4.25 percent, so the total proceeds from the bond issue was $102,070. Methodical uses the straight-line bond amortization method.
Required:
1.      Prepare a bond amortization schedule.
2.      Give the journal entry to record the bond issue.
3.      Give the journal entries to record the interest payments on December 31, 2009 and 2010.
4.      Give the journal entry to record the interest and face value payment on December 31, 2011.

5.      Assume the bonds are retired on January 1, 2011, at a price of 102. Give the journal entries to record the bond retirement.

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