Home Office Journals

No
Account Dr Cr
1 Investment in branch 1,000.00
Cash 1,000.00

2 Investment in branch 90,000.00

Inventory 60,000.00
Allowence for overvaluation branch 30,000.00

3 Equipment-branch 500.00
Investment In branch 500.00

4 No Entry

5 No Entry

6 No Entry

7 Cash 37,500.00
Investment in branch 37,500.00

8 Operating Expense 3,000.00

Cash 30,000.00

Investmen in branch 3,000.00

Operating expense 30,000.00

Saldo Investment in branch

1 1,000.00
2 90,000.00
3 500.00
7 37,500.00
8 3,000.00
94,000.00 38,000.00
56,000.00
 Brach Journals
Account Dr Cr
Cash 1,000.00
Home Office 1,000.00

Iventory 90,000.00
Home Office 90,000.00

Home Office 500.00

Cash 500.00

Trade Account Receivable 80,000.00

Sales 80,000.00

COGS 45,000.00
Iventory 45,000.00

Cash 62,000.00
Trade Account Receivable 62,000.00

Operating Expense 20,000.00

Cash 20,000.00

Home Office 37,500.00

Cash 37,500.00

No entry

Operating expense 3,000.00

Home Office 3,000.00

Saldo Home Office

1 1,000.00
2 90,000.00
3 500.00
7 37,500.00
8 3,000.00
38,000.00 94,000.00
56,000.00
 SMALINDO COMPANY
Flow for Marchandise for Branch during 2009

Billed Price Home Office Cost

Beginning inventories
Add : Shipments from home office 90,000.00 60,000.00
Less : Ending inventories 22,500.00 15,000.00
COGS 67,500.00 45,000.00
Markup

30,000.00
7,500.00
22,500.00
Manfaat worksheet
1. untuk mengeliminasi semua intracompany profits and losses
2. untuk mengeliminasi akun resiprokal
3. untuk menggabungkan saldo akun pada KP dan KC

Adjusted Trial Balance

Elimination
Home Office Branch
Dr (Cr) Dr (Cr) Dr (Cr)
Income Statement
Sales (400,000.00) (80,000.00)
Cost of goods sold 235,000.00 67,500.00 (22,500.00)
Operating expense 90,000.00 23,000.00
Net income 75,000.00 (10,500.00) 22,500.00
Totals - -

Statement of Retained Earnings

Retained Earning 1 Jan (70,000.00) -
Net income (75,000.00) 10,500.00 (22,500.00)
Dividends declared 40,000.00 -
Retained Earning Ending 105,000.00 (10,500.00) 22,500.00
Total - -

Balance Sheet
Cash 25,000.00 5,000.00
Trade Account Receivable 39,000.00 18,000.00
Inventories 45,000.00 22,500.00 (7,500.00)
Investment in branch 56,000.00 (56,000.00)
Equipment 150,000.00
Accumulated depreciation eq (10,000.00)
Trade Account Payable (20,000.00)
Home Office (56,000.00) 56,000.00
Common stock 10 par (150,000.00)
Retained Earnings
 Closing Entries
Combined
Uraian
Dr (Cr)
BRANCH
(480,000.00)
280,000.00 Sales
113,000.00 Income summary
87,000.00 COGS
- Operating exepens

Home office
(70,000.00) Income summary
(87,000.00)
40,000.00 HOME OFFICE
117,000.00
- Loss branch
Investment in branch

30,000.00 Allowence for overvaluation branch

57,000.00 Realized Gross Profit branch
60,000.00
- Realized Gross profit branch
150,000.00 Loss branch
(10,000.00) Income summary
(20,000.00)
-
(150,000.00)
(117,000.00)
Dr Cr

80,000.00
10,500.00
67,500.00
23,000.00

10,500.00
10,500.00

10,500.00
10,500.00

22,500.00
22,500.00

22,500.00
10,500.00
 SMALINDO COMPANY
Income Statement
For Year Ended December 31, 2009

Sales 480,000.00
COGS (280,000.00)
Gross margin on sales 200,000.00
Operating expense (113,000.00)
Net income 87,000.00
Basic earnings per share of common stock 5.80

SMALINDO COMPANY
Statement of Retained Earnings
For Year Ended December 31, 2009

Retained earning beginning of year 70,000.00

Add : Net income 87,000.00
Subtotal 157,000.00
Less : Dividends (2.67 per shares) 40,000.00
Retained earning ending of year 117,000.00
 SMALINDO COMPANY
Balance Sheet
For Year Ended December 31, 2009

Cash 30,000.00 Trade Accounts Payable 20,000.00

Trade Account Receivable 57,000.00
Inventories 60,000.00 Common stock 150,000.00
Equipment 150,000.00 Retained earning 117,000.00
Accumulated depreciation eq (10,000.00)
287,000.00 287,000.00
No Uraian Dr Cr
1