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Posted on Sep 03, 2024

help fast :((( 1. PT Damar owns 90% shares of PT Sonar as of January 1, 2020 for IDR 180,000,000. On the acquisition date, PT

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1. PT Damar owns 90% shares of PT Sonar as of January 1, 2020 for IDR 180,000,000. On the acquisition date, PT Sonar reported profit detained of Rp. 30,000,000 and has ordinary shares outstanding of Rp. 140,000,000. PT Damar uses the equity method for accounting at PT Sonar. The trial balance data for the two companies as of December 31, 2022 are as following: Post Credit PT Sonar debit IDR 30,000,000 IDR 100,000,000 IDR 80,000,000 IDR 160,000,000 Cash and Accounts Receivable Stock Soil Buildings and Equipment Investment in PT Sonar Cost of Sales and Services Depreciation and Amortization Another load Dividend announced Accumulated depreciation Accounts payable Bond debt Common stock Retain earning Sale Profit from Equipment Sales Income from Subsidiaries IDR 75,000,000 IDR 20,000,000 IDR 6.000.000 IDR 7,000,000 PT Damar debit Credit RP 112,000,000 IDR 200,000,000 IDR 50,000,000 RP 600,000,000 IDR 190,000,000 IDR 130,000,000 IDR 15,000,000 IDR 25,000,000 IDR 20,000,000 IDR 200,000,000 IDR 20,000,000 IDR 100,000,000 IDR 400,000,000 IDR 300.000.000 IDR 250,000,000 IDR 15,000,000 IDR 50.000.000 IDR 25,000,000 IDR 7,000,000 IDR 90,000,000 DR 100,000,000 RP 206,000,000 RP 57,000,000 Rp 1,342,000,000 Rp1,342,000,000 Total IDR 478,000,000 IDR 478.000.000 Additional information 1. At the date of the business combination, the book values of the assets are separately identifiable PT Sonar sameat its fair value. Amount arising from goodwill amortized over five year. 2. On January 1, 2021, PT Sonar sold land at a cost of Rp 10,000,000 to PT Damar for Rp 15,000,000 3. On January 1, 2022. PT Damar sold the machine to PT Sonar which was previously purchased for Rp. 70,000,000 on January 1, 2018. The machine has an economic life of 10 years, with a residual value of Rp. 10,000,000, sold to PT Sonar for Rp 40,000,000 Both companies use the straight-line depreciation method. requested 1. Prepare all the eliminating entries needed to prepare the consolidated working papers for 2022.(20% weight) 2. Make a 3 part worksheet for 2022.(Weight 40%) 3. Prepare a consolidated statement of financial position, income statement, and retained earnings statement for 2022.(Weight 40%) 1. PT Damar owns 90% shares of PT Sonar as of January 1, 2020 for IDR 180,000,000. On the acquisition date, PT Sonar reported profit detained of Rp. 30,000,000 and has ordinary shares outstanding of Rp. 140,000,000. PT Damar uses the equity method for accounting at PT Sonar. The trial balance data for the two companies as of December 31, 2022 are as following: Post Credit PT Sonar debit IDR 30,000,000 IDR 100,000,000 IDR 80,000,000 IDR 160,000,000 Cash and Accounts Receivable Stock Soil Buildings and Equipment Investment in PT Sonar Cost of Sales and Services Depreciation and Amortization Another load Dividend announced Accumulated depreciation Accounts payable Bond debt Common stock Retain earning Sale Profit from Equipment Sales Income from Subsidiaries IDR 75,000,000 IDR 20,000,000 IDR 6.000.000 IDR 7,000,000 PT Damar debit Credit RP 112,000,000 IDR 200,000,000 IDR 50,000,000 RP 600,000,000 IDR 190,000,000 IDR 130,000,000 IDR 15,000,000 IDR 25,000,000 IDR 20,000,000 IDR 200,000,000 IDR 20,000,000 IDR 100,000,000 IDR 400,000,000 IDR 300.000.000 IDR 250,000,000 IDR 15,000,000 IDR 50.000.000 IDR 25,000,000 IDR 7,000,000 IDR 90,000,000 DR 100,000,000 RP 206,000,000 RP 57,000,000 Rp 1,342,000,000 Rp1,342,000,000 Total IDR 478,000,000 IDR 478.000.000 Additional information 1. At the date of the business combination, the book values of the assets are separately identifiable PT Sonar sameat its fair value. Amount arising from goodwill amortized over five year. 2. On January 1, 2021, PT Sonar sold land at a cost of Rp 10,000,000 to PT Damar for Rp 15,000,000 3. On January 1, 2022. PT Damar sold the machine to PT Sonar which was previously purchased for Rp. 70,000,000 on January 1, 2018. The machine has an economic life of 10 years, with a residual value of Rp. 10,000,000, sold to PT Sonar for Rp 40,000,000 Both companies use the straight-line depreciation method. requested 1. Prepare all the eliminating entries needed to prepare the consolidated working papers for 2022.(20% weight) 2. Make a 3 part worksheet for 2022.(Weight 40%) 3. Prepare a consolidated statement of financial position, income statement, and retained earnings statement for 2022.(Weight 40%)