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Chapter 10 Homework 2
Course: ACCT 151, Spring 2009School: Lehigh
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Smith Professor ACCT151 20 November 2008 Chapter 10 Homework 2 E17,E9,E11,D4 E17) Jan1 Cash 109,862.00 Bond Payable 100,000.00 Bond Premium 9,862.00 Dec31Interest Expense 9,000.00 Cash 9,000.00 Their interest rate is higher than the market interest rate E9) 1)a. b. 2)a. b. c. d. no 8,777.63 lease expense Leased Asset Lease Obligation Interest Expense Lease Obligation Cash 10,166.83 10,166.83 120.80 1,389.20...
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Smith Professor ACCT151 20 November 2008 Chapter 10 Homework 2 E17,E9,E11,D4 E17) Jan1 Cash 109,862.00 Bond Payable 100,000.00 Bond Premium 9,862.00 Dec31Interest Expense 9,000.00 Cash 9,000.00 Their interest rate is higher than the market interest rate E9) 1)a. b. 2)a. b. c. d. no 8,777.63 lease expense Leased Asset Lease Obligation Interest Expense Lease Obligation Cash
10,166.83 10,166.83 120.80 1,389.20 1,510.00
E11) 1) It would be an increase in an asset and an increase in a liability which effectively, would cancel each other out. 2) F, O, O
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