Ch 10 Bond Amortization Tables for Demonstration Problems

Accounting: Tools for Business Decision Making

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Bond Amortization Tables For Demonstration Problems Change facts to Semi-annual interest paid June 30 and December 31. Note: for 10-10A parts c and e are irrelevant with revised interest dates, so just do Parts a, b, and d Problem 10-10A Journal Entries Accounts Dr Cr Semiannual Interest date Cash Interest Interest Expense Discount or Premium Amortization Discount or Premium Account Balance Bond Carrying Value 1/1/2007 $80,521.00 $1,119,479.00 6/30/2007 12/31/2007 6/30/2008 12/31/2008
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Bond Amortization Tables For Demonstration Problems
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Unformatted text preview: Change facts to Semi-annual interest paid June 30 and December 31. Note: for 10-11A parts a and b only. Problem 10-11A Journal Entries Accounts Dr Cr Balance sheet presentation: Semiannual Interest date Cash Interest Interest Expense Discount or Premium Amortization Discount or Premium Account Balance Bond Carrying Value 1/1/2007 $294,403.00 $2,294,403.00 6/30/2007 12/31/2007 6/30/2008 12/31/2008...
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Ch 10 Bond Amortization Tables for Demonstration Problems -...

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