ButovaS_15BP - 110,162 3 4 4 5 2008 5 6 June 30 Interest...

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810 Name Svetlana Butova Problem 15-3A Section Date 2/4/2009 Fordyce Electronics (a) Semiannual Interest  Cash Interest Reduction of Principal Period Payment Expense Principal Balance 1 Issue Date 110,162 1 2 1 20,000 2,754.05 17,245.95 92,916.05 2 3 2 20,000 2,322.90 17,677.10 75,238.95 3 4 3 20,000 1,880.97 18,119.03 57,119.92 4 5 4 20,000 1,428 18,572 38,547.92 5 6 6 7 7 8 8 (b) Date Debit Credit 1 2007 1 2 Dec. 31 Cash 110,162 2 3            Mortgage Notes Payable
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Unformatted text preview: 110,162 3 4 4 5 2008 5 6 June 30 Interest Expense 2,754.05 6 7 Mortgage Notes Payable 17,245.95 7 8 Cash 20,000 8 9 9 10 Dec. 31 Interest Expense 2,322.90 10 11 Mortgage Notes Payable 17,677.10 11 12 Cash 20,000 12 13 13 (c) 1/1/13 1 1 2 2 3 3 4 4 5 5 6 6 7 7 8 8 9 9 810...
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