EXERCISE 14-10 - 96,000.00 85,071.70 10,928.30 839,788.67...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
EXERCISE 14-10 (15–20 minutes) (a) January 1, 2010 Cash. .......................................................... .................................................................... 860,651.79 Premium on Bonds Payable. .......... 60,651.79 Bonds Payable. ................................ 800,000.00 (b) Schedule of Interest Expense and Bond Premium Amortization Effective-Interest Method 12% Bonds Sold to Yield 10% Date Cash Paid Interest Expense Premium Amortized Carrying Amount of Bonds 1/1/10 $860,651.79 12/31/10 $96,000.00 $86,065.18 $ 9,934.82 850,716.97 12/31/11
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 96,000.00 85,071.70 10,928.30 839,788.67 12/31/12 96,000.00 83,978.87 12,021.13 827,767.54 (c) December 31, 2010 Interest Expense. ...................................... 86,065.18 Premium on Bonds Payable. ................... 9,934.82 Cash. ................................................. 96,000.00 (d) December 31, 2012 Interest Expense. ...................................... 83,978.87 Premium on Bonds Payable. ................... 12,021.13 Cash. ................................................. 96,000.00...
View Full Document

Page1 / 2

EXERCISE 14-10 - 96,000.00 85,071.70 10,928.30 839,788.67...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online