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Excel please. In early 2018, the leadership of PT Gajah Sumatra decided to start investing in bonds and stocks because there was excess cash that
Excel please. In early 2018, the leadership of PT Gajah Sumatra decided to start investing in bonds and stocks because there was excess cash that was not used in its operational activities. Following are the transactions that occurred during 2018: 5 Jan: Purchased 800 shares (5%) of PT Cendana Harum's common shares at a price of IDR 16,000,000 Feb 15: Purchased 400 shares (2%) of PT Pouch Semar's common shares for IDR 10,000,000. July 1: Purchased 100 pieces of bonds, IDR 1,000,000. 9% PT empaka Putih at a price of IDR 100,000,000. Interest is paid annually every July 1. 6 Aug: Received a cash dividend of Rp 600 per share from PT Cendana Harum, 7 Sept: Sold 200 shares of PT Cendana Harum for Rp 4,500,000. 10 Oct: Received cash dividend from PT Pouch Semar, IDR 900 per share. Requested: 1. Make a journal of all the above transactions! 2. Make an adjusting entry for the accrued interest on bonds! 3. Make an adjusting journal, if all marketable securities are categorized as trading securities and the fair value of PT Cendana Harum's shares is Rp. 22,000 / share and the fair value of shares of PT Pouch Semar is Rp. 24,000 / share.
5 Jan: Purchased 800 shares (5%) of PT Cendana Harum's common shares at a price of IDR 16,000,000
Feb 15: Purchased 400 shares (2%) of PT Pouch Semar's common shares for IDR 10,000,000.
July 1: Purchased 100 pieces of bonds, IDR 1,000,000. 9% PT empaka Putih at a price of IDR 100,000,000. Interest is paid annually every July 1.
6 Aug: Received a cash dividend of Rp 600 per share from PT Cendana Harum,
7 Sept: Sold 200 shares of PT Cendana Harum for Rp 4,500,000.
10 Oct: Received cash dividend from PT Pouch Semar, IDR 900 per share.
Requested:
1. Make a journal of all the above transactions!
2. Make an adjusting entry for the accrued interest on bonds!
3. Make an adjusting journal, if all marketable securities are categorized as trading securities and the fair value of PT Cendana Harum's shares is Rp. 22,000 / share and the fair value of shares of PT Pouch Semar is Rp. 24,000 / share.
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