Jawaban Advance Bab 6 S6-36 Penjualan antar perusahaan pada tahun sebelumnya

a.		Eliminating entries, December 31, 20X8:
	E(1)		Income from Subsidiary	21,000
			Dividends Declared		8,000
			Investment in Skate Company Stock		13,000
			Eliminate income from subsidiary.
	E(2)		Income to Noncontrolling Interest	5,250
			Dividends Declared		2,000
			Noncontrolling Interest		3,250
			Assign income to noncontrolling interest:
			$5,250 = ($30,000 - $2,500 - $1,250) x .20
	E(3)		Common Stock — Skate Company	30,000
			Additional Paid-In Capital — Skate Company	20,000
			Retained Earnings, January 1	150,000
			Differential	63,750
			Investment in Skate Company Stock		211,000
			Noncontrolling Interest		52,750
			Eliminate beginning investment balance:
			$63,750 = $75,000 – [($50,000 / 20 years)
			+ ($25,000 / 20 years)] x 3 years
	E(4)		Patents	42,500
			Buildings and Equipment	25,000
			Accumulated Depreciation		3,750
			Differential		63,750
			Assign differential:
			$42,500 = $50,000 - [($50,000 / 20 years)
			x 3 years]
			$3,750 = ($25,000 / 20 years) x 3 years
	E(5)		Amortization Expense	2,500
			Depreciation Expense	1,250
			Patents		2,500
			Accumulated Depreciation		1,250
			Amortize differential.
	E(6)		Buildings and Equipment	60,000
			Retained Earnings, January 1	15,000
			Depreciation Expense		1,500
			Accumulated Depreciation		73,500
			Eliminate unrealized profit on buildings:
			$60,000 = $125,000 - $65,000
			$15,000 = $65,000 - ($125,000 - $75,000)
			$  1,500 = ($65,000 / 10 years) -
			($125,000 / 25 years)
			$73,500 = ($5,000 x 16 years) - ($6,500
			x 1 year)

P6-35 (continued)

	E(7)		Retained Earnings, January 1	10,400
			Noncontrolling Interest	2,600
			Land		13,000
			Eliminate unrealized profit on land.

P6-35  (continued)

b.	Pond Corporation and Skate Company Consolidation Workpaper December 31, 20X8
		Pond	Skate	Eliminations		Consol-
Item		Corp.	Co.	Debit	Credit	idated
Sales		450,000	250,000			700,000
Income from Subsidiary		21,000		(1)  21,000
Interest Income		14,900				14,900
Credits		485,900	250,000			714,900
Cost of Goods Sold		285,000	136,000			421,000
Other Operating Expenses		50,000	40,000			90,000
Depreciation Expense		35,000	24,000	(5)    1,250	(6)     1,500	58,750
Interest Expense		24,000	10,500			34,500
Miscellaneous Expenses		11,900	9,500			21,400
Amortization Expense				(5)    2,500		2,500
Debits		(405,900)	(220,000)			(628,150)
Consolidated Net Income						86,750
Income to Noncon-
trolling Interest				(2)    5,250		(5,250)
Income, carry forward		80,000	30,000	30,000	1,500	81,500
Ret. Earnings, Jan. 1		241,400	150,000	(3)150,000
				(6)  15,000
				(7)  10,400		216,000
Net Income, from above		80,000	30,000	30,000	1,500	81,500
		321,400	180,000			297,500
Dividends Declared		(30,000)	(10,000)		(1)    8,000
					(2)    2,000	(30,000)
Ret. Earnings, Dec. 31,
carry forward		291,400	170,000	205,400	11,500	267,500
Cash		68,400	47,000			115,400
Accounts Receivable		130,000	65,000			195,000
Interest and
Other Receivables		45,000	10,000			55,000
Inventory		140,000	50,000			190,000
Land		50,000	22,000		(7)  13,000	59,000
Buildings and Equipment		400,000	240,000	(4)  25,000
				(6)  60,000		725,000
Investment in Skate
Company Stock		224,000			(1)  13,000
					(3)211,000
Investment in Tin Co.
Bonds		134,000				134,000
Bond Discount			3,000			3,000
Differential				(3)  63,750	(4)  63,750
Patents				(4)  42,500	(5)    2,500	40,000
Debits		1,191,400	437,000			1,516,400