CHAPTER 12

REPORTING AND ACCOUNTING FOR PARTNERSHIP

(LIQUIDATION partnership)

Liquidation Partnership (pembubaran) Jurnal

Pembubaran partnership dikarenakan oleh || Cash xx
bankrutnya sebuah partnership atau salah || Accum Depre-Plant asset xx
satu partner meninggal , atau perusahaan || Account receivable xx
dijual sesuai kesepakatan antara partner. || Equipment xx
|| Gain to realization xx
4 tahap liquidasi: (mencatat realization of Non cash asset)
1. penjualan non cash asset menjadi cash || Gain on realization xx
(realization Non Cash Asset) || H Capital xx
2. alokasi gain atau loss dari hasil realisasi || A Capital xx
berdasarkan income ratio || M Capital xx
3. pembayaran kewajiban atau liabilities (mencatat alokasi gain/loss realization)
partnership || Notes Payable xx
4. pembagian sisa kas kepada partner || Account Payable xx
berdasarkan saldo modal partner || Cash xx
(mencatat pembayaran kewajiban partnership)
|| H Capital xx
|| A Capital xx
|| M Capital xx
|| Cash xx
(mencatat pendistribusian kas kepada partner)
Soal 1 Shawnee Company Account
Cash $28,000 Notes Payable $16,000
Account receivable 19,000 Acount Payable 24,000
AFDA (1,000) Wages Payable 2,000
Inventory 28,000 N Capital 23,000
Equipment 17,000 H Capital 11,200
Accum Depre-equip (10,000) D Capital 4,800
Total Asset $81,000 Total Liab&OE $81,000
Proporsi pembagian laba Partnership 5:3:2. berikut informasi yang dibutuhkan selama proses likuidasi:
penjualan Non cash asset sejumlah $43,000
kewajiban perusahaan dibayar lunas
kas dibagi bagikan kepada masing masing partner
diminta: a) persiapkan cash distribution schedule, b) persiapkan jurnal yang dibutuhkan

Soal 2 EHEM Law Firm memiliki Total Aset sebesar $100,000 (cash sebesar $20,000). Total Liabilities $30,000, E Capital
$15,000, H Capital $30,000, dan sisanya milik M. Proporsi pembagian laba E,H , dan M masing masing 15%, 30%, dan
25%. Penjualan Non cahs asset sejumlah $110,000.
Diminta: isi cash distribution schedule berikut:
EHEM Law Firm
(cash distribution schedule)

ADD Question
Chevron corp membeli pipa penyulingan minyak sepanjan 500m dengan harga $180,000 pada tanggal 1 januari 2008.
Chevron corp memperkirakan pipa tersebut masih ada nilai sisa sebesar $20,000 pada akhir umur ekonomisnya. (umur
ekonomis pipa selama 4 tahun). Selama umur ekonomisnya, pipa tersebut dapat dialiri sebanyak 1,600,000 barel minyak.
Actual barel minyak yang mengalir dalam pipa adalah (2008;400,000, 2009;600,000, 2010;350,000, 2011;250,000) diminta:
Persiapkan schedule depresiasi untuk metode a) Garis lurus, b) saldo menurun, dan c) units of actvity.
jawaban:

SHAWNEE CO
Schedule of Cash Payment

Item Cash NCA = Liabilities N Cap H Cap D Cap

Balance before Liquidation $28,000 $53,000 = $42,000 $23,000 $11,200 $4,800
Sale of NCA and Allocation 43,000 (53,000) (5,000) (3,000) (2,000)
gain(loss)
New Balance $71,000 -0- = $42,000 $18,000 $8,200 2,800
Pay Liabilities (42,000) (42,000)
New Balance $29,000 -0- = -0- $18,000 $8,200 2,800
Cash Distribution To Partner (29,000) (18,000) (8,200) (2,800)
Final balance -0- -0- = -0- -0- -0- -0-

Chevron

SLM
Computation End of year
Depreciation Annual depre Acum Book
Year cost Depreciation rate = exp Deprec value
2008 $160,000 25% $40,000 $40,000 $140,000
2009 $160,000 25% $40,000 $80,000 $100,000
2010 $160,000 25% $40,000 $120,000 $60,000
2011 $160,000 25% $40,000 $160,000 $20,000

Computation End of year

book value Annual depre Acum Book
Year begin Depreciation rate = exp Deprec value
2008 $180,000 50% $90,000 $90,000 $90,000
2009 $90,000 50% $45,000 $135,000 $45,000
2010 $45,000 50% $22,500 $157,500 $22,500
2011 $22,500 50% $2,500 $160,000 $20,000

Computation End of year

Depreciation Annual depre Acum Book
Year units of Activity cost/unit = exp Deprec value
2008 400,000 10% 40,000 40,000 140,000
2009 600,000 10% 60,000 100,000 80,000
2010 350,000 10% 35,000 135,000 45,000
2011 250,000 10% 25,000 160,000 20,000
 Computation End of year
Book
Year Depreciation cost Depreciation rate = Annual depre exp Acum Deprec value
2008
2009
2010
2011
(SLM)

Computation End of year

Book
Year book value begin Depreciation rate = Annual depre exp Acum Deprec value
2008
2009
2010
2011
(DDB)

Computation End of year

units of Depreciation Annual depre
Year Activity cost/unit = exp Acum Deprec Book value
2008
2009
2010
2011
(UOA)

Computation End of year

Book
Year Depreciation cost Depreciation rate = Annual depre exp Acum Deprec value
2008
2009
2010
2011
(SLM)

Computation End of year

Year book value begin Depreciation rate = Annual depre exp Acum Deprec
 Book
value
2008
2009
2010
2011
(DDB)

Computation End of year

units of Depreciation Annual depre
Year Activity cost/unit = exp Acum Deprec Book value
2008
2009
2010
2011
(UOA)