hw11 - 36825 Current liability Loan payable 112773...

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p10 -11 a 2007 Jan. 1 Cash 2,294,403 Bonds payable 2,000,000 premium on B. Payable 294403 dec. 31 bond interest expense 137,642 prenium on B. Payable 22,358 interest payable 160,000 2008 jan 1. interest payable 160,000 cash 160,000 dec. 31 bond interest expense 136,323 prenium on B. Payable 23,677 interest payable 160,000 Balance sheet dec. 31 2008 248,367 Liabilities Long-term liabilities Bonds payable $ 2000000 add:prenium on bonds payable 248367 2248367 c. 1_ interest expense at 2008 is 136323. p10-12a. a. 500000 1 36825 10000 26825 473175 2 36825 9463.5 27361.5 445813.5 3 36825 8916.27 27908.73 417904.77 4 36825 8358.1 28466.9 389437.87 5 36825 7788.76 29036.24 360401.62 B. Dec. 31 Interest expense 8,358 Loan payable 28,467 cash Balance sheet dec. 31 2007 Liabilities
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Unformatted text preview: 36825 Current liability Loan payable 112773 Long-term liabilities long term loan payable$ 387227 299,678 P10-11B 291,639 a. 2007 Jan. 1 Cash 1,900,322 discount on B. payable 299,678 220000 Bonds payable 2200000 228038.64 dec. 31 bond interest expense 228,039 8038.64 discount on B. Payable 8,039 interest payable 220,000 2008 1,908,361 jan 1. interest payable 220,000 1,908,361 cash 220,000 229003.28 dec. 31 bond interest expense 229,003 9,003 discount on B. Payable 9,003 interest payable 220,000 b. Balance sheet dec. 31 2008 Liabilities Long-term liabilities Bonds payable $ 2200000 less:discount on bonds payable 282,636 1,917,364 c. 1.) 229003...
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