2008-05-08_141119_P14-02

2008-05-08_141119_P14-02 - Stowers Research 1-a) Cash Flow...

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Unformatted text preview: Stowers Research 1-a) Cash Flow PV Factor Amount PV $1,000 0.4564 $20,000 $9,127.74 $50 13.5903 $1,000 $13,590.33 Price $22,718.07 1-b) Jan. 1 Cash $22,718 Premium on Bonds Payable $2,718.07 Bonds Payable $20,000 2-a) Cash Flow PV Factor Amount PV $1,000 0.3769 $20,000 $7,537.79 $50 12.4622 $1,000 $12,462.21 Price $20,000.00 2-b) Jan. 1 Cash $20,000 Bonds Payable $20,000 3-a) Cash Flow PV Factor Amount PV $1,000 0.3118 $20,000 $6,236.09 $50 11.4699 $1,000 $11,469.92 Price $17,706.02 3-b) Jan. 1 Cash $17,706 Discount on Bonds Payable $2,294 Bonds Payable $20,000 Student Name: Class: Problem 14-02A HEATHROW General Journal Part 1. Trans. Date Account Titles no. Debit Credit 2004 Jan 1 Cash 1,728,224 Discount on Bonds Payable 271,776 Bonds Payable 2,000,000 Part 2. Cash payment $60,000 Straight-line discount amortization 9,059 Bond interest expense 69,059 Part 3. Thirty payments of $60,000 $1,800,000 Par value at maturity 2,000,000 Total repaid $3,800,000 Less amount borrowed 1,728,224 Total bond interest expense...
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This note was uploaded on 08/11/2008 for the course FINANCE 200 taught by Professor Zeke during the Spring '08 term at University of Phoenix.

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2008-05-08_141119_P14-02 - Stowers Research 1-a) Cash Flow...

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