Chapter 15 - 17,700 300 Cash (400,000*9%*1/2) 18,000 c. Dec...

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Chapter 15 BE15-6 (A) (B) ( C )  Cash Payment 48,145 30,000 18,145 31-Dec Cash 600,000    Mortgage Notes Payable  30-Jun Interest Expense 30,000 Mortgage    Notes  Payable. 18,145    Cash 48,145 BE15-7 1 Rent Expense 80,000    Cash 80,000 2 Leased Asset-Building 700,000    Lease Liability 700,000 E15-9 1 . Jun 30 Bonds Payable 130,000 15,100 12,500    Cash (130,000*102%) 132,600 2. Jun 30 Bonds Payable 150,000 Premium on Bonds Payable 1,000 4,000    Cash (150,000*98% 147,000 E15-12 a. Car Rental Expense 500    Cash  500 b. Jan 1 Leased Asset Equipment 74,606 Semiannual Interest  Period Interest Expense  (D)*5% Reduction of  Principle (A)-(B) Loss on Bond  Redemption(132,600-117,500     Disocunts on Bonds  Payable  (130,000-17,500)    Gain of Bonds  Redemption(151,000-147,000)
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   Lease Liability 74,606 E15-16 122.78 61.77 Market Price of Bonds 184,556 E15-18 a. Jan 1 Cash (400,000*103%) 412,000    Premium on Bonds Payable 12,000    Bonds Payable 400,000 b. July 1 Bond Interest Expense
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Unformatted text preview: 17,700 300 Cash (400,000*9%*1/2) 18,000 c. Dec 31 Bond Interest Expense 17,700 Premium on Bonds Payable 300 Bonds Interest Payable 18,000 d. Jan 1 Bonds Payable 400,000 Cash 400,000 P15-8A a. Jul 1 Cash (2,500,000*104%) 2,600,000 Premium on Bonds Payable 100,000 Bonds Payable 2,500,000 31-Dec Bond Interest Expense 95,500 500 100,000 b. Jul 1 Cash (2,500,000*98%) 2,450,000 Discount on Bonds Payable 50,000 Bonds Payable 2,500,000 31-Dec Bond Interest Expense 102,500 5,000 Prestent Value of Principle(200,000*.61391) Present Value of Interest (8,000*7.72137) Premium on Bonds Payable(12,000*1/40) Premium on Bonds Payable (100,000/20) Bond Interest Payable (2,500,000*8%*1/2) Disounts on Bonds Payable (50,000/20) 100,000 c. Bonds Interest Payable (2,500,000*8%*1/2) (D) 581, 855 Principle Balance (D)-( C)...
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This note was uploaded on 10/20/2010 for the course BUS 102-701 taught by Professor Matijas during the Spring '10 term at Cayuga Community College.

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Chapter 15 - 17,700 300 Cash (400,000*9%*1/2) 18,000 c. Dec...

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