The following is the equity balance from PT Makmur's statement of financial position (Balance Sheet) as of

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Question:

The following is the equity balance from PT Makmur's statement of financial position (Balance Sheet) as of December 3, 2011

Preferred shares, 8% cumulative and non-participating, par value

Rp.5,000/sheet, authorized capital 1,000,000 sheets, 100,000 sheets

Issued and fully paid Rp. 500,000,000

Special share premium Rp. 150,000,000

Ordinary shares, nominal value Rp.1,000/lbr, capital

Basic IDR 5,000,000 sheets, 800 000 sheets placed and

Fully paid Rp. 800,000,000

The premium for ordinary shares is Rp. 600,000,000

Retained earnings Rp. 350,000,000

Total Rp. 2,400,000,000

Equity transactions during 2012 are as follows:

January 12 Repurchase 50,000 shares of the company's common stock at a price of Rp. 1,500/lb

February 24 Issued 100,000 special shares to acquire a plot of land. The share price on this date is Rp. 1,600/lbr

May 14 Sold 20,000 shares reacquired at a price of Rp. 1,600/lb

27 August Issued 150,000 shares of common stock at a market price of Rp1,600/sheet

October 5 Announced the distribution of cash dividends of Rp.200,000,000 for special shares and ordinary shares. In 2011, PT. Makmur does not distribute dividends as in previous years.

October 9 To record the shareholders who are entitled to receive cash dividends announced in October 2012.

October 16 Paying dividends to shareholders.

October 20 Sold 30,000 shares of reacquired shares at a price of Rp. 1,300/lb

4 November Announced the occurrence of a stock split of ordinary shares, with a value of Rp.500.

December 17 Announced the distribution of share dividends for ordinary shares of 1% of the ordinary shares outstanding. The market price of ordinary shares on this date is Rp. 1,800/lb.

December 31 The profit earned by the company on December 31, 2012 amounted to Rp.250,000,000

Requested:

1. Prepare journal entries for transactions related to equity or capital during 2012.

2. Prepare a presentation of equity on the December 31, 2012 balance sheet