Jawaban Advance Bab 4 S4-28 Kertas kerja konsolidasi akhir tahun kedua kepemilikan

a.		Eliminating entries:
	E(1)		Income from Subsidiary	34,000
			Dividends Declared		20,000
			Investment in Roller Company Stock		14,000
			Eliminate income from subsidiary.
	E(2)		Common Stock — Roller Company	60,000
			Retained Earnings, January 1	48,000
			Differential	26,000
			Investment in Roller Company Stock		134,000
			Eliminate beginning investment balance.
	E(3)		Buildings and Equipment	20,000
			Goodwill	2,500
			Retained Earnings, January 1	5,500
			Differential		26,000
			Accumulated Depreciation		2,000
			Assign beginning differential.
	E(4)		Depreciation Expense	2,000
			Accumulated Depreciation		2,000
			Amortize differential:
			$2,000 = $20,000 / 10 years

b.	Mill Corporation and Roller Company Consolidation Workpaper December 31, 20X9
		Mill	Roller	Eliminations		Consol-
Item		Corp.	Co.	Debit	Credit	idated
Sales		290,000	200,000			490,000
Income from Subsidiary		34,000	_______	(1)34,000
Credits		324,000	200,000			490,000
Cost of Goods Sold		145,000	114,000			259,000
Wage Expense		35,000	20,000			55,000
Depreciation Expense		25,000	10,000	(4)   2,000		37,000
Interest Expense		12,000	4,000			16,000
Other Expenses		23,000	16,000			39,000
Debits		(240,000)	(164,000)	________	________	(406,000)
Income, carry forward		84,000	36,000	36,000		84.000
Ret. Earnings, Jan. 1		136,500	48,000	(2) 48,000		131,000
				(3)   5,500
Income, from above		84,000	36,000	36,000		84,000
		220,500	84,000			215,000
Dividends Declared		(30,000)	(20,000)	________	(1) 20,000	(30,000)
Ret. Earnings, Dec. 31,
carry forward		190,500	64,000	89,500	20,000	185,000
Cash		45,500	32,000			77,500
Accounts Receivable		85,000	14,000			99,000
Inventory		97,000	24,000			121,000
Land		50,000	25,000			75,000
Buildings and Equipment		350,000	150,000	(3) 20,000		520,000
Investment in Roller
Company Stock		148,000			(1)  14,000
					(2)134,000
Differential				(2) 26,000	(3)  26,000
Goodwill				(3)   2,500		2,500
Debits		775,500	245,000			895,000

	Mill	Roller	Eliminations		Consol-
Item	Corp.	Co.	Debit	Credit	idated
Accum. Depreciation	170,000	50,000		(3)   2,000
				(4)   2,000	224,000
Accounts Payable	51,000	15,000			66,000
Wages Payable	14,000	6,000			20,000
Notes Payable	150,000	50,000			200,000
Common Stock
Mill Corporation	200,000				200,000
Roller Company		60,000	(2) 60,000
Retained Earnings,
from above	190,500	64,000	89,500	20,000	185,000
Credits	775,500	245,000	198,000	198,000	895,000

	c.	Mill Corporation and Subsidiary Consolidated Balance Sheet December 31, 20X9
	Cash						$  77,500
	Accounts Receivable						99,000
	Inventory						121,000
	Land						75,000
	Buildings and Equipment					$520,000
	Less: Accumulated Depreciation					(224,000)	296,000
	Goodwill						2,500
	Total Assets						$671,000
	Accounts Payable						$  66,000
	Wages Payable						20,000
	Notes Payable						200,000
	Common Stock					$200,000
	Retained Earnings					185,000	385,000
	Total Liabilities and Stockholders' Equity						$671,000
Mill Corporation and Subsidiary Consolidated Income Statement Year Ended December 31, 20X9
	Sales						$490,000
	Cost of Goods Sold					$259,000
	Wage Expense					55,000
	Depreciation Expense					37,000
	Interest Expense					16,000
	Other Expenses					39,000
	Total Expenses						(406,000)
	Consolidated Net Income						$ 84,000
Mill Corporation and Subsidiary Consolidated Retained Earnings Statement Year Ended December 31, 20X9
	Retained Earnings, January 1, 20X9						$131,000
	20X9 Net Income						84,000
							$215,000
	Dividends Declared, 20X9						(30,000)
	Retained Earnings, December 31, 20X9						$185,000