Jawaban P 6-3

1. Inventory (5000  $6) $30 000

Accounts Payable $30 000
2. (a) Accounts Receivable 75 000
Sales Revenue 75 000
(b) Price Change Adjustment 10 000
Inventory (1000  $10) 10 000
(c) Cost of sales
(1000  $5) + (4000  $6) 29 000
Inventory 29 000

3. Inventory (1000  ($19 – $6)) 13 000

Building ($200 000 – $90 000) 110 000
Land ($20 000 – $10 000) 10 000
Investment in Y Stock 5 000
Discount on Bonds Payable 4 968
Price Change Adjustment 142 968
4. Cash 10 000
Land 10 000
5. Operating Expenses 15 000
Interest Expense 5 000
Cash 20 000
6. Purchasing Power Adjustment 17 000
Capital Maintenance 16 667
Retained Earnings 333
January 1 December 31 Adjustment
Year 10 Year 10

Capital Stock $75 000  120/100 = $ 90 000 $15 000

Capital Maintenance Adjustment 8 333  120/100 = 10 000 1 667
Retained Earnings 1 667  120/100 = 2 000 333
Stockholders’ Equity $85 000 $102 000 $17 000

Circle Ltd
Statement of Financial Position
as at 31 December Year 10

Cash $ 10 000 Accounts Payable $ 50 000

Accounts Receivable 75 000 Bonds Payable 50 000
Inventory 19 000 Less: Discount 4 968
45 032
Investment in Y 25 000 Ordinary Capital 75 000
Building 200 000 Capital Maintenance Adjustment 25 000
Land 10 000 Retained Earnings 143 968
TOTAL $339 000 $339 000

Format di atas direkomendasikan oleh Chambers. Kritik bahwa pernyataan pendapatan exit
price tidak berkonsentrasi pada operasi, ia telah mencoba untuk menunjukkan laba kotor
berdasarkan historical cost terlebih dahulu, sebelum menyesuaikan dengan basis exit price.
Ini adalah alasan untuk entri jurnal 2 (b). Tidak ada akrual dan penangguhan biaya.