lecture10_solution - E1021. Bond payable (-L). Loss on bond...

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E10–21. Bond payable (-L) . ................................................................. 500,000 Loss on bond call (+E, -SE) . ................................................. 60,000 Bond discount (-XL,+ L) . .................................................... 25,000 Cash (-A) . .......................................................................... 535,000 effective interest rate Amortization Table Interest Interest Discount Unamortized Book Date Payment Expense* Amortization* Discount Value A BCD E 100,000*5% A-C carrying value * 4% D-C E-C 1/1/2009 13,592 $ 113,592 $ 6/30/2009 5,000 $ 4,544 $ 456 $ 13,136 113,136 12/31/2010 5,000 4,525 $ 475 $ 12,661 112,661 6/30/2010 5,000 4,506 $ 494 $ 12,168 112,168 12/31/2011 5,000 4,487 $ 513 $ 11,654 111,654 6/30/2011 5,000 4,466 $ 534 $ 11,120 111,120 12/31/2012 5,000 4,445 $ 555 $ 10,565 110,565 6/30/2019 5,000 4,076 $ 924 965 100,965 12/31/2019 5,000 4,035 $ 965 0 100,000 100,000 $ 86,408 $ 13,592
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This note was uploaded on 05/10/2011 for the course ACCT 1002 taught by Professor Ng during the Spring '11 term at National University of Singapore.

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