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Unformatted text preview: 12/31/20x3 Interest Expense 6,113.21 Bond Premium 1,886.79 Cash 8,000.00 To record annual payment 12/31/20x3 Bond Payable 100,000.00 Cash 100,000.00 To record maturity and payoff of bond Lucky Co. - Bond Premium Bonds Payable Bond Premium 100,000.00 1/1/20x1 1/1/20x1 12/31/20x3 100,000.00 12/31/x1 1,679.24 3,666.78 12/31/x2 1,779.99 1,886.79 12/31/x3 1,886.79 12/31/x1 12/31/x2 12/31/x3 Balance Sheet Liabilities Current Liabilities Bond Payable 100,000 Add: Bond Premium 1,887 Total Bonds Payable 101,887 0 Total Current Liabilities Long-Term Debt Bonds Payable 100,000 Add: Bond Premium 3,667 Total Bonds Payable 103,667 0 0 Total Long-Term Debt...
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This note was uploaded on 09/12/2010 for the course ACCT 101 taught by Professor Drkirch during the Spring '10 term at Ohio University- Athens.
- Spring '10