Kino Orang Tua Elimination Entries

DR
Income Statement
Sales 260,000 180,000
Less: COGS (125,000) (110,000)
Less: Depreciation Expense (25,000) (10,000) 2,000
Less: Other Expense (67,500) (36,000)
Less: Impairment Loss (Goodwill) 5,500
Income from Special Foods 16,500 24,000
Net Income 59,000 24,000 31,500

Statement of Retained Earning

Beginning Balance 102,000 40,000 40,000
Net Income 59,000 24,000 31,500
Less: Dividend Declared (30,000) (16,000)
Ending Balance 131,000 48,000 71,500

Balance Sheet
Cash 19,500 21,000
Account Receivable 70,000 12,000
Inventory 90,000 25,000
Investment in AWESOME 128,500

Land 30,000 15,000

Buildings & Equipment 350,000 150,000 20,000
Less: Accumulated Depreciation (145,000) (40,000) 30,000
Goodwill 2,500
Total Asset 543,000 183,000 52,500
Accounts Payable 45,000 16,000
Wages Payable 17,000 9,000
Notes Payable 150,000 50,000
Common Stock 200,000 60,000 60,000
Retained Earnings 131,000 48,000 71,500
Total Liabilities & Equity 543,000 183,000 131,500

Accumulated Depreciation Elimination Entry

Accumulated Depreciation 30,000
Building and Equipment 30,000

Basic Elimination Entry

Common Stock 60,000
Retained Earning 40,000
Income From Orang Tua 24,000
Dividends Declared 16,000
Investment in Orang Tua 108,000
Tabel Excess Value Tahun 2013
PT. Orang Tua
PT. Kino
Building & Equipment Accumulated
Awal - 20,000
Amortisasi - (2,000)
Akhir - 20,000 (2,000)

Amortized Excess Vallue Reclassification Entry

Depreciation Expense 2,000 20.000/10
Goodwill Impairement Loss 5,500
Income From Orang Tua 7,500

Excess Value (Differential) reclasifiaction entry

Building & Equipment 20,000
Goodwill 2,500
Accumulated Depreciation 2,000 20.000/10
Investment in Orang Tua 20,500
Elimination Entries
Consolidated
CR

440,000
(235,000)
(37,000)
(103,500)
(5,500)
7,500 -
7,500 59,000
.

102,000
7,500 59,000
16,000 (30,000)
23,500 131,000

40,500
82,000
115,000
108,000
-
20,500
45,000
30,000 490,000
2,000 (157,000)
2,500
160,500 618,000
61,000
26,000
200,000
200,000
23,500 131,000
23,500 618,000
ua
Goodwill
8,000
(5,500)
2,500
 great building accumulated
awal - 20,000.00
amortizati - (2,000.00) (2,000.00)
akir - 18,000.00 (2,000.00)
Goodwill jumlah
8,000.00 28,000.00
(5,500.00) (9,500.00)
2,500.00 18,500.00