AC116_UNIT_8_TEMPLATErevised1.2010

AC116_UNIT_8_TEMPLATErevised1.2010 - Enter the appropriate...

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Problem 14-2A Name: Section: Enter the appropriate account titles and amounts in the shaded cells below. A red asterisk (*) will appear to the right of an incorrect amount in the outlined cells. JOURNAL Description Debit Credit 1. 2. a. b. 3. Total interest expense for 2010: 4. Will the bond proceeds always be less than the face amount of the bonds when the contract rate is less than the market rate of interest? 5. Face amount of bond issue Present value factor from interest tables Semi-annual interest payment Present value factor from interest tables Proceeds of bond issue $30,237,139
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Problem 14-3A Name: Section:
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Unformatted text preview: Enter the appropriate account titles and amounts in the shaded cells below. A red asterisk (*) will appear to the right of an incorrect amount in the outlined cells. JOURNAL Description Debit Credit 1. 2. a. b. 3. Total interest expense for 2010: 4. Will the bond proceeds always be more than the face amount of the bonds when the contract rate is more than the market rate of interest? 5. Face amount of bond issue Present value factor from interest tables Semi-annual interest payment Present value factor from interest tables Proceeds of bond issue $3,461,181...
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This note was uploaded on 05/18/2010 for the course AC116 AC116 taught by Professor Janowich during the Spring '10 term at Kaplan University.

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AC116_UNIT_8_TEMPLATErevised1.2010 - Enter the appropriate...

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