Sunday, June 3, 2012

Latihan soal Bonds Payable & Extinguishment of Bonds



SOAL I :

Tg 1 Mei 2005 diterbitkan Bonds, nominal Rp 21 juta, bearing-interest 12% terhutang tiap 1 Mei, jk wkt 4 tahun.
Tentukan harga jual Bonds tsb, bila effective market rate :    a) 10%         b) 14%


SOAL II :

Tg 1 Maret 2002 diterbitkan Bonds, nominal Rp 18 juta, bearing-interest 9% terhutang tiap 1 Maret  & 1 September, jk wkt 3 tahun.
Tentukan harga jual Bonds tsb, bila effective market rate :     a) 8%         b) 12%

Melanjutkan Soal I dan II di atas :

Buatlah Tabel Amortisasi Premium/Discount untuk Kasus I a) & I b) serta II a) & II b)

Melanjutkan Soal I dan II di atas :

Buatlah ayat jurnal pencatatan untuk Kasus I a) & Kasus II b)



JAWAB SOAL I :

a)      Effective Interest Rate = 10%

                         1

PV Nominal :
PV
= 21 juta x  ————  = 21 juta x 0,6830           =  
Rp 14.343.000


                      (1,10)4



                    1 – 1 / (1,10)4

PV Interest
PVn
= 2,52 juta x  —————  = 2,52 juta x 3,1699 =
7.988.148
payment :

                           0,10



Harga jual penerbitan bonds
Rp  22.331.000


Nominal
21.000.000


Premium
Rp    1.331.000

b)      Effective Interest Rate = 14%

                         1

PV Nominal :
PV
= 21 juta x  ————  = 21 juta x 0,5921           =  
Rp 12.343.100


                      (1,14)4



                    1 – 1 / (1,14)4

PV Interest
PVn
= 2,52 juta x  —————  = 2,52 juta x 2,9137 =
7.342.524
payment :

                           0,14



Harga jual penerbitan bonds
Rp  19.776.600


Nominal
21.000.000


Discount
Rp    1.223.400


JAWAB SOAL II :

c)      Effective Interest Rate = 4%

                         1

PV Nominal :
PV
= 18 juta x  ————  = 18 juta x 0,7903           =  
Rp 14.225.400


                      (1,04)6



                    1 – 1 / (1,04)6

PV Interest
PVn
= 0,81 juta x  —————  = 0,81 juta x 5,2421 =
4.246.101
payment :

                           0, 04



Harga jual penerbitan bonds
Rp  18.471.500


Nominal
18.000.000


Premium
Rp       471.500

d)      Effective Interest Rate = 6%

                         1

PV Nominal :
PV
= 18 juta x  ————  = 18 juta x 0,7050           =  
Rp 12.690.000


                      (1,06)6



                    1 – 1 / (1,06)6

PV Interest
PVn
= 0,81 juta x  —————  = 0,81 juta x 4,9173 =
3.983.013
payment :

                           0, 06



Harga jual penerbitan bonds
Rp  16.673.000


Nominal
18.000.000


Discount
Rp    1.327.000

KASUS I a) :      SCHEDULE OF BOND PREMIUM AMORTIZATION
DATE
INTEREST PAID
INTEREST EXPENSE
PREMIUM AMORTIZED
CARRYING VALUE OF BONDS

(1)
(2)
(3)
(4)

12% x Nom
10% x CV
(1) – (2)
(4) - (3)
1/5/2005



Rp   22.331.000
1/5/2006
Rp 2.520.000
Rp  2.233.100
Rp  286.900
22.044.100
1/5/2007
2.520.000
2.204.410
315.590
21.728.510
1/5/2008
2.520.000
2.172.851
347.149
21.381.361
1/5/2009
2.520.000
2.138.639
381.361
21.000.000


KASUS I b) :     SCHEDULE OF BOND DISCOUNT AMORTIZATION
DATE
INTEREST PAID
INTEREST EXPENSE
DISCOUNT AMORTIZED
CARRYING VALUE OF BONDS

(1)
(2)
(3)
(4)

12% x Nom
14% x CV
(2) – (1)
(4) + (3)
1/5/2005



Rp  19.776.600
1/5/2006
Rp 2.520.000
Rp  2.768.724
Rp  248.724  
20.025.324
1/5/2007
2.520.000
2.803.545
283.545
20.308.869
1/5/2008
2.520.000
2.843.242
323.242
20.632.111
1/5/2009
2.520.000
2.887.889
367.889
21.000.000


KASUS II a) :      SCHEDULE OF BOND PREMIUM AMORTIZATION
DATE
INTEREST PAID
INTEREST EXPENSE
PREMIUM AMORTIZED
CARRYING VALUE OF BONDS

(1)
(2)
(3)
(4)

4,5% x Nom
4% x CV
(1) – (2)
(4) - (3)
1/3/2007



Rp  18.471.500
1/9/2007
Rp  810.000
Rp  738.860
Rp   71.140
18.400.360
1/3/2008
810.000
736.014
73.986
18.326.374
1/9/2008
810.000
733.055
76.945
18.249.429
1/3/2009
810.000
729.977
80.023
18.169.406
1/9/2009
810.000
726.776
83.224
18.086.182
1/3/2010
810.000
723.818
86.182
18.000.000


KASUS II b) :     SCHEDULE OF BOND DISCOUNT AMORTIZATION
DATE
INTEREST PAID
INTEREST EXPENSE
AMORTIZED DISCOUNT
CARRYING VALUE OF BONDS

(1)
(2)
(3)
(4)

4,5% x Nom
6% x CV
(2) – (1)
(4) + (3)
1/3/2007



Rp  16.673.000
1/9/2007
Rp  810.000
Rp  1.000.380
190.380
16.863.380
1/3/2008
810.000
1.011.803
201.803
17.065.183
1/9/2008
810.000
1.023.911
213.911
17.279.094
1/3/2009
810.000
1.036.746
226.746
17.505.840
1/9/2009
810.000
1.050.350
240.350
17.746.190
1/3/2010
810.000
1.063.810
253.810
18.000.000
AYAT JURNAL PENCATATAN : KASUS NO. I A

2005



Mei 01
Cash
22.331.000
-

      Bonds Payable
-
22.331.000

(Penerbitan bonds)






Des 31
Bond Interest Expense
1.680.000
-

       Interest Payable
-
1.680.000

(Accrued int. exp. tg. 1/5 s/d 31/12/05 = 8/12 x 12% x 21 jt)






Bonds Payable
191.267
-

       Bond Interest Expense
-
191.267

(Amortisasi premium tg. 1/5 s/d 31/12/05 = 8/12 x 286.900)

2006




Interest Payable
1.680.000
-

       Bond Interest Expense
-
1.680.000

(Reversing entry accrued int. exp.)






Mei 01
Bond Interest Expense
2.424.367
-

Bonds Payable
95.633
-

       Cash
-
2.520.000

(Pembayaran bunga & amortsasi premium tg. 1/1 s/d 1/5/06)


Perhitungan :



Bunga Dibayar =
2.520.000


Amortisasi premium tg.1/1 s/d 1/5/06 = 4/12 x 286.900 =
(-)  95.633


Bond interest expense yg diakui
2.424.367





Des 31
Bond Interest Expense
1.680.000
-

       Interest Payable
-
1.680.000

(Accrued int. exp. tg. 1/5 s/d 31/12/06)







Bonds Payable
210.393
-

       Bond Interest Expense
-
210.393

(Amortisasi premium tg. 1/5 s/d 31/12/06 = 8/12 x 315.590)


2009

Dst Dst Dst


Mei 01
Saat Jatuh Tempo :







Bonds Payable
127.120
-

       Bond Interest Expense
-
127.120

(Amortisasi premium tg. 1/1 s/d 1/5/09 = 4/12 x 381.361)







Bond Interest Expense
2.520.000
-

Bonds Payable
21.000.000
-

       Cash
-
23.520.000

(Pelunasan nominal & pembayaran bunga terakhir)





AYAT JURNAL PENCATATAN : KASUS NO. II B

2007



Mar    1
Cash
16.673.000
-

      Bonds Payable
-
16.673.000

(Penerbitan bonds)






Sep   1
Bond Interest Expense
1.000.380
-

       Bonds Payable
-
190.380

       Cash
-
810.000

(Pmbyrn bunga & amrts discount tg. 1/3 s/d 1/9/07)






Des 31
Bonds Interest Expense
540.000
-

       Interest Payable
-
540.000

(Accr. int. exp. tg. 1/9 s/d 31/12/07 = 4/12 x 9% x 18 jt)







Bond Interest Expense
134.535
-

       Bonds Payable
-
134.535

(Amortisasi discount tg. 1/9 s/d 31/12/07 = 4/6 x 201.803)

2008



Jan    1
Interest Payable
540.000
-

       Bond Interest Expense
-
540.000

(Reversing entry accrued int. exp.)






Mar    1
Bond Interest Expense
877.268
-

       Bonds Payable
-
67.268

       Cash
-
810.000

(Pmbyrn bunga & amrts discount tg. 1/1 s/d 1/4/03)



Perhitungan :



Bunga Dibayar =
810.000


Amrtss discount tg.1/1 s/d 1/3/08 = = 2/6 x 201.803 =
(+)  67.268


Bond interest expense yg diakui
877.268





Sep   1
Bond Interest Expense
1.023.911
-

       Bonds Payable
-
213.911

       Cash
-
810.000

(Pmbyrn bunga & amrts discount tg. 1/3 s/d 1/9/08)


Des 31
Bonds Interest Expense
540.000
-

       Interest Payable
-
540.000

(Accr. int. exp. tg. 1/9 s/d 31/12/08)







Bond Interest Expense
151.164
-

       Bonds Payable
-
151.164

(Amortisasi discount tg. 1/9 s/d 31/12/07 = 4/6 x 226.746)







2010

Dst Dst Dst


Mar    1
Saat Jatuh Tempo :







Bond Interest Expense
84.603
-

       Bonds Payable
-
84.603

(Amortisasi discount tg.1/1 s/d 1/3/10 = = 2/6 x 253.810)







Bond Interest Expense
810.000
-

Bonds Payable
18.000.000
-

       Cash
-
18.810.000

(Pelunasan nominal & pembayaran bunga terakhir)






LATIHAN SOAL  EXTINGUISHMENT OF BONDS


SOAL I :

Tg. 1 Maret 2003 PT. ABC menerbitkan Bonds, Rp 15 jt, 16% terhutang tiap 1 Maret dan 1 September, jk wkt 3 th, pada saat effective rate 18%. Buat ayat jurnal pencatatan PT. ABC bila :
A)    Pada tg. 1 November 2004 Bonds tsb ditebus dg harga Rp 14.250.000.
B)     Pada tg. 1 Pebruari 2005 Bonds tsb ditukar dg 10.000 lembar Common Stock, par @ Rp 2.000,- dan fair market value @ Rp 1.400.
C)     Pada tg. 1 Agustus 2005 Bonds tsb ditukar dg Peralatan, cost Rp 25 jt, akumulasi depresiasi Rp 8 jt dan fair market value Rp 16,50 jt.



SOAL II :

Tg. 1 Mei 2001 PT. XYZ menerbitkan Bonds, Rp 9 jt, 15% terhutang tiap 1 Mei, jk wkt 5 th, pada saat effective rate 13%. Buatlah ayat jurnal pencatatannya apabila :
A)    Pada tg. 1 Mei 2003, 40% Bonds tsb ditukar dg 400 lembar Common Stock, par @ Rp 7.200 dan fair market value @ Rp 9.500.
B)     Pada tg. 1 September 2004, 25% Bonds ditebus dg kurs 96.
C)     Pada tg. 1 Maret 2005, 35% Bonds ditukar dg 5.000 lembar Common Stock PT. PQR  (yg dicatat sbg Available For Sale), cost @ Rp 900 dan fair market value @ Rp 720




JAWAB LATIHAN EXTINGUISHMENT OF BONDS


JAWAB SOAL I :
PV
= Rp 15 jt x 1/(1,09)6 = Rp 15 jt x  0,5963  =                   
 Rp   8.944.500   

PVn
= Rp 1,2 jt x [{1-1/(1,09)6 }/0,09] = Rp 1,2 jt x 4,4859 =
5.383.080      


Harga jual bonds
Rp 14.327.580   


Nominal bonds
      15.000.000


Discount
 Rp      672.420      


TABEL AMORTISASI DISCOUNT ON BONDS PAYABLE
TANGGAL
INTEREST PAID
INTEREST EXPENSE
AMORTIZED DISCOUNT
CARRYING VALUE BONDS PAYABLE

(1) = 8% x Nom
(2) = 9% x BV
(3) = (2) – (1)
(4) = (4) + (3)
01/03/03
-
-
-
14.327.580
01/09/03
1.200.000
1.289.482
89.482
14.417.062
01/03/04
1.200.000
1.297.535
97.535
14.514.597
01/09/04
1.200.000
1.306.314
106.314
14.620.911
01/03/05
1.200.000
1.315.882
115.882
14.736.793
01/09/05
1.200.000
1.326.311
126.311
14.863.104
01/03/06
1.200.000
1.336.896
136.896
15.000.000

A)    Tg 1 Nov 2004 Bonds ditebus seharga Rp 14.250.000

CV Bonds per 1/9/04
Rp 14.620.911
Amrtss discount tg. 1/9/04 – 1/11/04 = 2/6 x Rp 115.882 =
(+)       38.627
CV Bonds per 1/2/05
14.659.538
Nilai tebusan
14.250.000
Gain on extinguishment of debt
Rp      409.538

Ayat jurnal pencatatan :

Bonds Interest Expense
38.627
-
      Bonds Payable
-
38.627
(Amrtss discount tg. 1/9/04 – 1/11/04)





Bonds Payable
14.659.538
-
Bonds Interest Expense* (2/12 x 16% x Rp 15 jt)
400.000
-
      Gain on Extinguishment of Debt
-
409.538
      Cash
-
14.650.000
(Penebusan B/P dg C/S + * bayar bunga tg. 1/9 s/d 1/11/04)






B)     Tg 1 Peb 2005 : Bonds ditukar dg 10.000 lbr O/S, par @ Rp 2.000, FMV @ Rp 1.400

CV Bonds per 1/9/04
Rp 14.620.911
Amrtss discount tg. 1/9/04 – 1/2/05 = 5/6 x Rp 115.882 =
(+)       96.568
CV Bonds per 1/2/05
14.717.479
FMV C/S = 10.000 lb x Rp 1.400 =
14.000.000
Gain on extinguishment of debt
Rp      717.479

Ayat jurnal pencatatan :

Bonds Interest Expense
19.314
-
      Bonds Payable
-
19.314
(Amrtss discount tg. 1/1 s/d 1/2/05 = 1/6 x 115.882 = 19.314)





Bonds Payable
14.717.479
-
Bonds Interest Expense* (5/12 x 16% x Rp 15 jt)
1.000.000
-
Paid in Capital on Common Stock
6.000.000

      Gain on Extinguishment of Debt
-
717.479
      Share Capital – Ordinary
-
20.000.000
      Cash
-
1.000.000
(Penukaran B/P dg C/S + * bayar bunga tg. 1/9/04 s/d 1/2/05)







C)    Tg 1 Agus 2005 : Bonds ditukar dg Peralatan, cost Rp 25 jt, akumulasi depresiasi rp 8 jt dan FMV Rp 16,50 jt

CV Bonds per 1/3/05
Rp 14.736.793
Amrtss discount tg. 1/3/05 – 1/8/05 = 5/6 x Rp 126.311 =
(+)      526.296
CV Bonds per 1/2/05
15.263.089
FMV Peralatan
16.500.000
Loss on extinguishment of debt
Rp   1.236.911

Ayat jurnal pencatatan :

Bonds Interest Expense
526.296
-
      Bonds Payable
-
526.296
(Amrtss discount tg. 1/3/05 – 1/8/05)





Bonds Payable
15.263.089
-
Bonds Interest Expense* (5/12 x 16% x Rp 15 jt)
1.000.000
-
Accumulated Depreciation of Equipment
8.000.000

Loss on Disposition of Fixed Asset*
500.000

Loss on Extinguishment of Debt
1.236.911
-
      Equipment
-
25.000.000
      Cash
-
1.000.000
(Penukaran B/P dg C/S + * bayar bunga tg. 1/3/05 s/d 1/8/05)


* FMV 16,50 jt – BV (25 jt – 8 jt)





JAWAB SOAL II :
PV
= Rp 9 jt x 1/(1,13)5 = Rp 9 jt x  0,5427  =                   
 Rp  4.884.300   

PVn
= Rp 1,35 jt x [{1-1/(1,13)5 }/0,13] = Rp 1,35 jt x 3,5172 =
4.748.220       


Harga jual bonds
Rp  9.632.520   


Nominal bonds
      9.000.000


Discount
 Rp     632.520          


TABEL AMORTISASI DISCOUNT ON BONDS PAYABLE
TANGGAL
INTEREST PAID
INTEREST EXPENSE
AMORTIZED PREMIUM
BOOK VALUE BONDS PAYABLE

(1) = 15% x Nom
(2) = 13% x BV
(3) = (1) – (2)
(4) = (4) - (3)
01/05/01
-
-
-
9.632.520
01/05/02
1.350.000
1.252.228
97.772
9.534.748
01/05/03
1.350.000
1.239.517
110.483
9.424.265
01/05/04
1.350.000
1.225.154
124.846
9.299.419
01/05/05
1.350.000
1.208.924
141.076
9.158.343
01/05/06
1.350.000
119.166
158.343
9.000.000


A)  Tg 1 Mei 2003 :  40% Bonds ditukar 400 lbr O/S, par @ Rp 7.000, FMV @ Rp 9.500

Carrying value B/P per 1/5/03
Rp  9.424.265
—» 40% =
Rp  3.769.706
FMV C/S = 400 lb x Rp 9.500 =
3.800.000
Rugi
Rp       30.294

 Ayat jurnal pencatatan :

Bonds Payable
36.828
-
       Bonds Interest Expense
-
36.828
(Amrtss premium tg 1/1 – 1/5/03 = 4/12 x 110.483)





Bonds Interest Expense (15% x 40% x 9 jt)
540.000
-
Bonds Payable
2.313.024
-
Loss on Extinguishment of Debt
30.294
-
       Share Capital – Ordinary  (400 x 7.200)
-
2.880.000
       Share Premium – Ordinary  
-
920.000
       Cash
-
540.000


B)  Tg 1 Sept 2004 : 25% Bonds ditebus seharga kurs 96

Carrying value B/P per 1/5/04
Rp 9.299.119
—» 25% =
Rp 2.324.780
Amrtss premium 1/5 – 1/9/04 = 4/12 x 141.076 =
     47.025
—» 25% =
(-)     11.756
Carrying value 25% B/P per 1/9/04


Rp 2.313.024
Nilai tebusan = 96% x 25% x 9.000.000 =


2.160.000
Untung
Rp    153.024

Ayat jurnal pencatatan :

Bonds Payable
11.756
-
       Bonds Interest Expense
-
11.756
(Amrtss premium tg 1/5 – 1/9/04 = 4/12 x 141.076 x 25%)





Bonds Interest Expense*
112.500
-
Bonds Payable
2.313.024
-
       Gain on Extinguishment of Debt
-
153.024
       Cash (2.160.000 + 112.500)
-
2.272.500



Keterangan :
* Bunga Tg 1/5 – 1/9 = 4/12 x 15% x 25% x 9 juta




C)  Tg 1 Mar 2005 : 35% Bonds ditukar 5.000 lembar Stock Investments, cost @ Rp 900, FMV @ Rp 720

Carrying value B/P per 1/5/04
Rp 9.299.119
—» 35% =
Rp 3.254.692
Amrtss premium 1/5/04 – 1/3/05 = 10/12 x 141.076 =
117.563
—» 35% =
(-)     41.147
Carrying value 25% B/P per 1/9/04


Rp 3.213.545
FMV Stock Investments = 5.000 x Rp 720 =


3.600.000
Rugi
Rp    386.455

Ayat jurnal pencatatan :

Bonds Payable
8.229
-
       Bonds Interest Expense
-
8.229
(Amrtss premium tg 31/12/05 – 1/3/05 = 2/12 x 141.076  x 35%)





Bonds Interest Expense*
393.500
-
Bonds Payable
3.213.545
-
Loss on Extinguishment of Debt
386.455
-
Loss on Disposition of Investment**
900.000
-
       Stock Investments (5.000 x 900)
-
4.500.000
       Cash
-
393.500
Keterangan :
* Bunga Tg 1/5/04 – 1/3/05 = 10/12 x 15% x 35% x 9 juta
** Cost (5.000 x 900) – FMV (5.000 x 720)










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1 comment:

  1. UnknownNovember 8, 2018 at 5:51 AM

    Pada Ayat jurnal soal nomor 2 bagian a amortisasi premium, 4/12 nya Dari mana ya?

    ReplyDelete

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