PT Rengas produces and sells theater set designs and costumes. The company began operations on January 1, 2016. The following transactions relate to securities acquired by PT Rengas, which has a fiscal year ending on December 31: 2016 Jan 22. Purchased 22.000 shares of PT Menteng as an available-for-sale security at Rp 18.000 per share, including the brokerage commission. Mar 8. Received a cash dividend of Rp 220 per share on PT Menteng stock. Sept 8. A cash dividend of Rp 250 per share was received on PT Menteng stock. Oct 17. Sold 3.000 shares of PT Menteng stock at Rp 16.000 per share, less a brokerage commission of Rp 75.000. Dec 31. PT Menteng is classified as an available-for-sale investment and is adjusted to a fair value of Rp 25.000 per share. Use the valuation allowance for available-for-sale investments account in making the adjustment. 2017 Jan 10. Purchased an influential interest in PT Balsa for Rp 720.000.000 by purchasing 96.000 shares directly from the estate of the founder of PT Balsa. There are 300.000 shares of PT Balsa stock outstanding. Mar 10. Received a cash dividend of Rp 300 per share on PT Balsa stock. Sept 12. Received a cash dividend of Rp 250 per share plus an extra dividend of Rp 50 per share on PT Balsa stock. Dec 31. Received Rp 57.600.000 of cash dividends on PT Balsa stock . PT Balsa reported net income of Rp 450.000.000 in 2017. PT Rengas uses the equity method of accounting for its investment in PT Balsa. 31 PT Menteng is classified as an available-for-sale investment and is adjusted to a fair value of Rp 22.000 per share. Use the valuation allowance for available-for-sale investment account in making the adjusment for the decrease in fair value from Rp 25.000 to

Rp 22.000 per share. Instructions: 1. Journalize the entries to record these transactions. 2. Prepare the investment-related asset and stockholders equity statement of financial position presentation for PT Rengas on December 31, 2017, assuming the Retained Earnings balance on December 31, 2017, is Rp 389.000.000.

2. PT Rengas produces and sells theater set designs and costumes. The company began operations on January 1, 2016. The following transactions relate to securities acquired by PT Rengas, which has a fiscal year ending on December 31: 2016 Jan 22. Purchased 22.000 shares of PT Menteng as an available-for-sale security at Rp 18.000 per share, including the brokerage commission. Mar 8. Received a cash dividend of Rp 220 per share on PT Menteng stock. Sept 8. A cash dividend of Rp 250 per share was received on PT Menteng stock. Oct 17. Sold 3.000 shares of PT Menteng stock at Rp 16.000 per share, less a brokerage commission of Rp 75.000. Dec 31. PT Menteng is classified as an available-for-sale investment and is adjusted to a fair value of Rp 25.000 per share. Use the valuation allowance for available-for- sale investments account in making the adjustment. 2017 Jan 10. Purchased an influential interest in PT Balsa for Rp 720.000.000 by purchasing 96.000 shares directly from the estate of the founder of PT Balsa. There are 300.000 shares of PT Balsa stock outstanding. Mar 10. Received a cash dividend of Rp 300 per share on PT Balsa stock. Sept 12. Received a cash dividend of Rp 250 per share plus an extra dividend of Rp 50 per share on PT Balsa stock. Dec 31. Received Rp 57.600.000 of cash dividends on PT Balsa stock. PT Balsa reported net income of Rp 450.000.000 in 2017. PT Rengas uses the equity method of accounting for its investment in PT Balsa. 31 PT Menteng is classified as an available-for-sale investment and is adjusted to a Dec 31. Received Rp 57.600.000 of cash dividends on PT Balsa stock. PT Balsa reported net income of Rp 450.000.000 in 2017. PT Rengas uses the equity method of accounting for its investment in PT Balsa. 31 PT Menteng is classified as an available-for-sale investment and is adjusted to a fair value of Rp 22.000 per share. Use the valuation allowance for available-for- sale investment account in making the adjusment for the decrease in fair value from Rp 25.000 to Rp 22.000 per share. Instructions: 1. Journalize the entries to record these transactions. 2. Prepare the investment-related asset and stockholders' equity statement of financial position presentation for PT Rengas on December 31, 2017, assuming the Retained Earnings balance on December 31, 2017, is Rp 389.000.000