Week3WileyPLUSSupportingCalcualtions

Week3WileyPLUSSupportingCalcualtions - Show calculations to...

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Show calculations to support how you arrived at the dollar amounts for Interest Expense when prepar 31-Dec Face Value $727,200 APY 8% $24,240 1-Aug Face Value $727,200 APY 8% $33,936 Interest Expense = Face value x APY x 5/12 months Interest Expense = Face Value x APY x 7/12 months
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ing the December 31 and August 1 journal entries.
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Show the calculation to support how you arrived at the dollar amount for Interest Expense w 31-Dec Face Value $514,300 APY 10% $51,430 Interest Expense = Face value x APY
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when preparing the December 31 journal entry.
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Show the calculation to support how you arrived at the dollar amount for Interest Expense when p 31-Dec Carrying Value $407,078 Eff. Int. Rate 9% $36,637 Interest Expense = Carrying Value x effective interest rate
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preparing the December 31 journal entry.
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Show the calculation to support how you arrived at the dollar amounts for Interest Expense wh 6/30/2015 Principal Balance $347,600 2.5% $8,690 12/31/2016 Principal Balance $339,682 2.5% $8,492 Interest Rate (semi annual of 5%) Interest Expense = principal balance x interest rate Interest Rate (semi annual of 5%) Interest Expense = principal balance x interest rate
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hen preparing the June 30 and December 31, 2015 journal entries.
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