Tugas Mata Kuliah Advance Accounting

Anggota kelompok :
1. Aqila Faustina Amorita Azzah (22201082051)
2. Rafelia Cahyono Putri (22201082057)
3. Miftach Linatul Hamdiyah (22201082058)
4. Sonia Pacheco (22201082124)
5. Virginia Amelia (22201082127)
6. Sunarto Ibra (22331141121)
1. Exercise 61 page 268
Virginia Amelia (22201082127)
Sunarto Ibra (22331141121)
1. To calculate how much Jelita should receive upon liquidation of the partnership, we need to
determine her share of the partnership assets. Assuming she owns 30% of the partnership:
Jelita's share = 30% of Rp 300,000,000
= 0.30 X Rp 300,000,000
= Rp 90,000,000
Thus, Jelita should have received Rp 90,000,000 upon liquidation of the partnership.
However, none of the available options match this calculation. Could additional information
or calculations be needed to determine the correct answer?
2. To determine how much Tomi should receive upon liquidation of the partnership, we need
to calculate his share of the partnership assets. Let's assume Tomi owns 25% of the
partnership:
Tomi's share = 25% of Rp 18,000,000,000
= 0.25 X IDR 18,000,000,000
= Rp 4,500,000,000
Thus, Tomi should have received Rp 4,500,000,000 upon liquidation of the partnership.
However, none of the available options match this calculation. It seems that there may be an
error or missing information.

3. In accounting for the liquidation of a partnership, cash payments to allies after all creditors'
claims have been satisfied, but before the final cash distribution, should be made according
to:
C. The allies' relative share of the liquidation gain or loss.
This means each partner receives his share of the remaining assets based on his ownership
interest in the partnership.
2. E 16-1 page 268-270
 3. Number 5 page 269
Rafelia Cahyono Putri
22201082057
5. After all noncash assets have been converted into cash in the liquidation of the Adam and
Karina Partnership, the ledger contains the following account balances :

Debit Credit

Cash Rp 47.000.000

Accounts Payable Rp 32.000.000

Loan Payable to Adam Rp 15.000.000

Adam, Capital Rp 7.000.000

Karina, Capital Rp 7.000.000

Available cash should be distributed with Rp 32.000.000 going to accounts payable and then:
a. Rp 15.000.000 to the loan payable to Adam
b. Rp 7.500.000 each to Adam and Karina
c. Rp 8.000.000 to Adam and Rp 7.000.000 to Karina
d. Rp 7.000.000 to Adam and Rp 8.000.000 to Karina
Answer :
● total available cash : cash balance - accounts payable
: 47.000.000 - 32.000.000
: 15.000.000 to the loan payable to Adam (as this is a liability)
● remaining cash : 15.000.000 - 15.000.000 = Rp 0
● both Adam and Karina have equal capital balances, so the remaining cash should be
distributed equally between them
● the distribution would be :
1) Rp 7.500.000 to Adam
2) Rp 7.500.000 to Karina

➔ so the correct option is :

B. Rp 7.500.000 each to Adam and Karina
Nama : Sonia Pacheco Abrantes
Npm : 22201082124

4. E 16-3 Computing Alternative Cash Distributions to Partners

Assigur Bondan, Leo, and Mulia, who share profits and losses in a ratio of 4:3:3, respectively,
are partners in a home decorating business that has not been able to generate the type of
income hoped for by the partners. They have decided to liquidate the business and have sold
all the assets except for their decorating equipment. All partnership liabilities have been
settled and all the partners are personally insolvent. The decorating equipment has a book
value of Rp40,000,000, and the partners have capital account balances as follows:
Bondan, capital : Rp 25.000.000
Leo, capital : Rp 5.000.000
Mulia, capital : Rp 10.000000

Required :
Determine the amount of cash each partner will receive as a liquidating distribution if the
decorating equipment is sold for the amount stated in each of the following independent
cases:
a. Rp30,000,000.
b. Rp21,000,000.
c.Rp 7,000,000.

Answer :
Given:
● Bondan's capital: Rp 25,000,000
● Leo's capital: Rp 5,000,000
● Mulia's capital: Rp 10,000,000
● Decorating equipment book value: Rp 40,000,000
Profit-sharing ratio:
● Bondan: 4
● Leo: 3
● Mulia: 3
Total capital: Rp 25,000,000 + Rp 5,000,000 + Rp 10,000,000 = Rp 40,000,000

a. If the decorating equipment is sold for Rp30,000,000:

● Total available amount: Rp30,000,000
● Bondan's share: (4/10) × Rp30,000,000 = Rp 12,000,000
 ● Leo's share: (3/10) × Rp30,000,000 = Rp 9,000,000
● Mulia's share: (3/10) × Rp30,000,000 = Rp 9,000,000

b. If the decorating equipment is sold for Rp21,000,000:

● Total available amount: Rp21,000,000
● Bondan's share: (4/10) × Rp21,000,000 = Rp 8,400,000
● Leo's share: (3/10) × Rp21,000,000 = Rp 6,300,000
● Mulia's share: (3/10) × Rp21,000,000 = Rp 6,300,000

c. If the decorating equipment is sold for Rp7,000,000:

● Total available amount: Rp7,000,000
● Bondan's share: (4/10) × Rp7,000,000 = Rp 2,800,000
● Leo's share: (3/10) × Rp7,000,000 = Rp 2,100,000
● Mulia's share: (3/10) × Rp7,000,000 = Rp 2,100,000
 5. E 16-4
Aqila Faustina Amorita Azzah
22201082051

Maman, Mirvan, and Miki are partners in the JayaLand Property and share losses in a 5:3:2
ratio. Thes statement of financial position on June 30, 20X1, when they decide to liquidate the
business with non cash assets sold for Rp 110.000.000.
a. Statement of Partnership realization and liquidation

b. Journal entries to account for the liquidation of the JayaLand Property

(1) Kas Rp 110.000.000
Modal Maman Rp 20.000.000
Modal Mirvan Rp 12.000.000
Modal Miki Rp 8.000.000
Aset nonkas Rp 150.0000.000
(realisasi seluruh aset non kas persekutuan Jaya Land and property distribui kerugian
sebesar Rp 40.000.0000 dengan menggunakan rasio laba dan rugi).
(2) Utang Usaha Rp 30.000.000
Pinjaman Mirvan Rp 10.000.000
Kas Rp 40.000.000
(pembayaran kepada kreditor)
(3) Modal Mamam Rp 60.000.000
Modal Mirvan Rp 24.000.000
Modal Miki Rp 6.000.000
Kas Rp 90.000.000
 (pembayaran lumsum kepada para sekutu)

6. E 16-5 (272-273)

Miftach Linatul Hamdiyah

22201082058

Several years ago, Tomi and Ana formed the Mitra Rumah, a partnership. Last year, they
admitted Roni as a partner and recognized goodwill at that time. However, after failing to
gain a sufficient market of continuing customers, they recently agreed to liquidate the
business.the statement of financial position, with profit and loss-sharing percentages just prior
to liquidation

MITRA RUMAH
Statement of Financial Position
As of August 1, 20X8

Assets Liabilities and Equities

Cash Rp 16,000,000 Account Payable Rp 48,000,000

Receivables Rp 58,000,000 Tomi, Loan Rp 16,000,000
Inventory Rp 64,000,000 Note Payable Rp 10,000,000
Goodwill Rp 24,000,000 Tomi, Capital (40%) Rp 26,000,000
Ana, Capital (30%) Rp 45,000,000
Roni, Capital (30%) Rp 17,000,000
Total Assets Rp 162,000,000 Total Liabilities and Equities Rp 162,000,000
The loan from Tom was made to provide working capital for the partnership to operate during
the last two months.
During August 20X8, the first month of the liquidation, the partnership collected Rp
30,000,000 of the receivables and decided to write off Rp 12,000,000 of the remaining
receivables. Sales of one half of the book value of the inventory realized a gain of Rp
6,000,000. The partners estimate that the costs of liquidating the business are expected to be
Rp 4,000,000 for the remainder of the liquidation process.
Required
Prepare a schedule of safe payments to partners as of August 31, 20X8, to show how the
available cash should be distributed to the partners.

ANSWER :
To prepare a schedule of safe payments to partners as of August 31, 20X8, we need to
calculate the available cash after considering the collections from receivables, the gain from
inventory sales, and the estimated liquidation costs. Then, we'll allocate this cash to settle the
liabilities before distributing any remaining amount to the partners.
➢ Calculate Available Cash
○ Cash collected from receivables : Rp 30,000,000
○ Gain from inventory sales : Rp 6,000,000
○ Total available cash : Rp 30,000,000 + Rp 6,000,000 = Rp 36,000,000
➢ calculate Remaining Receivables after Write-Off
○ Remaining receivables : Rp 58,000,000 - Rp 30,000,000 (collected) - Rp
12,000,000 (Write-off) = Rp 16,000,000
➢ Calculate Total safe cash
○ Total safe cash : Available cash - estimated liquidation costs
○ Total safe cash : Rp 36,000,000 - Rp 4,000,000 = Rp 32,000,000
➢ Allocate safe cash to liabilities
○ Allocate the safe cash amount proportionally to each liability
■ Account payable (40%) : 40% of Rp 32,000,000 = Rp 12,800,000
■ Note payable (30%) : 30% of Rp 32,000,000 = Rp 9,600,000
➢ Calculate remaining safe cash
○ Remaining safe cash : Total safe cash - Allocated to liabilities
○ Remaining safe cash : Rp 32,000,000 - (Rp 12,800,000 + Rp 9,600,000) = Rp
9,600,000
➢ Disttribute remaining safe cash to partners
○ Distribute the remaining safe cash to the partners based on their capital
percentages
■ Tomi’s share (40%) : Rp 3,840,000 (40% of Rp 9,600,000)
■ Ana’s share (30%) : Rp 2,880,000 (30% of Rp 9,600,000)
■ Roni’s share (30%) : Rp 2,880,000 (30% of Rp 9,600,000)
Therefore, the schedule of safe payments to partners as of August 31,20X8 is as follows :
● Account payable : Rp 12,800,000
● Note Payable : Rp 9,600,000
● Tomi : Rp 3,840,000
● Ana : Rp 2,880,000
● Roni : Rp 2,880,000