P17-2 - $369,114.00 Cash $369,114.00 edule of Interest...

Info iconThis preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
A. 1-Jan-10 Available-for-Sale Securities B. Sche Date Interest Receivable or Cash Received 1/1/2010 7/1/2010 $16,000.00 12/31/2010 $16,000.00 7/1/2011 $16,000.00 12/31/2011 $16,000.00 7/1/2012 $16,000.00 12/31/2012 $16,000.00 7/1/2013 $16,000.00 12/31/2013 $16,000.00 7/1/2014 $16,000.00 12/31/2014 $16,000.00 Total $160,000.00 C. 1-Jul-10 Cash Available-for-Sale Securities Interest Revenue 31-Dec-10 Interest Receivable Available-for-Sale Securities Interest Revenue D. Securities Available-for-Sale Portfolio Cost Aguirre $379,699.00 Previous securities fair value adjustment-Dr. Securities fair value adjustment-Cr. 31-Dec-11 Unrealized Holding Gain or Loss-Equity Securities Fair Value Adjustment E. Selling price of bonds $370,726.00 Less: Amortized cost $(379,699.00) Realized loss on sale of investment $(8,973.00) 1-Jan-12 Cash
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Loss on Sale of Securities Available-for-Sale Securities
Background image of page 2
Dr. Cr.
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 4
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: $369,114.00 Cash $369,114.00 edule of Interest Revenue and Bond Discount Amortization-Effective-Interest Method 8% Bonds Purchased to Yield 10% Interest Revenue Bond Discount Amortization Carrying Amount of Bonds $369,114.00 $18,456.00 $2,456.00 $371,570.00 $18,579.00 $2,579.00 $374,149.00 $18,707.00 $2,707.00 $376,856.00 $18,843.00 $2,843.00 $379,699.00 $18,985.00 $2,985.00 $382,684.00 $19,134.00 $3,134.00 $385,818.00 $19,291.00 $3,291.00 $389,109.00 $19,455.00 $3,455.00 $392,564.00 $19,628.00 $3,628.00 $396,192.00 $19,808.00 $3,808.00 $400,000.00 $190,886.00 $30,886.00 Dr. Cr. $16,000.00 $2,456.00 $18,456.00 $16,000.00 $2,579.00 $18,579.00 Fair Value Unrealized Gain (Loss) $372,726.00 $(6,973.00) $3,375.00 $(10,348.00) Dr. Cr. $10,348.00 $10,348.00 Dr. Cr. $370,726.00 $8,973.00 $379,699.00...
View Full Document

This note was uploaded on 05/01/2011 for the course FINANCE 516 taught by Professor Anderson during the Spring '11 term at Keller Graduate School of Management.

Page1 / 4

P17-2 - $369,114.00 Cash $369,114.00 edule of Interest...

This preview shows document pages 1 - 4. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online