"2-26-2010 - EXERCISE 17-1 (a) 1 (b) 2 (c) 1 (d) 2...

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EXERCISE 17-1 (a) 1 (b) 2 (c) 1 (d) 2 (e) 3 (f) 2 EXERCISE 17-2 (a) January 1, 2010 Held-to-Maturity Securities. ....................................................... 300,000 Cash. .................................................................................. 300,000 (b) December 31, 2010 Cash . ............................................................................... 30,000 Interest Revenue. ............................................................... 30,000 (c) December 31, 2011 Cash . ............................................................................... 30,000 Interest Revenue. ............................................................... 30,000 1
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EXERCISE 17-3 (a) January 1, 2009 Held-to-Maturity Securities. ....................................................... 537,907.40 Cash. .................................................................................. 537,907.40 (b) Schedule of Interest Revenue and Bond Premium Amortization Effective-Interest Method 12% Bonds Sold to Yield 10% Date Cash Received Interest Revenue Premium Amortized Carrying Amount of Bonds 1/1/09 $537,907.40 12/31/09 $60,000 $53,790.74 $6,209.26 531,698.14 12/31/10 60,000 53,169.81 6,830.19 524,867.95 12/31/11 60,000 52,486.80 7,513.20 517,354.75 12/31/12 60,000 51,735.48 8,264.52 509,090.23 12/31/13 60,000 50,909.77* * 9,090.23 500,000.00 *Rounded by 75¢. (c) December 31, 2009 Cash . .................................................................................. 60,000 Held-to-Maturity Securities. ................................................ 6,209.26
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This note was uploaded on 04/09/2011 for the course MGMT 351 taught by Professor Staff during the Winter '08 term at Purdue University-West Lafayette.

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"2-26-2010 - EXERCISE 17-1 (a) 1 (b) 2 (c) 1 (d) 2...

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