AC116_UNIT_8_TEMPLATE

# AC116_UNIT_8_TEMPLATE - A red asterisk will appear to the...

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Problem 14-2A Name: Section: Enter the appropriate account titles and amounts in the shaded cells below. A red asterisk (*) will appear to the right of an incorrect amount in the outlined cells. JOURNAL Description Debit Credit 1. ### ### ### ### ### ### ### ### ### 2. a. ### ### ### ### ### ### ### ### ### b. ### ### ### ### ### ### ### ### ### 3. Total interest expense for 2010: ### 4. Will the bond proceeds always be less than the face amount of the bonds when the contract rate is less than the market rate of interest? ### 5. Face amount of bond issue ### Present value factor from interest tables ### ### Semi-annual interest payment ### Present value factor from interest tables ### ### Proceeds of bond issue \$30,237,139 ###

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Problem 14-3A Name: Section: Enter the appropriate account titles and amounts in the shaded cells below.

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Unformatted text preview: A red asterisk (*) will appear to the right of an incorrect amount in the outlined cells. JOURNAL Description Debit Credit 1. ### ### ### ### ### ### ### ### ### 2. a. ### ### ### ### ### ### ### ### ### b. ### ### ### ### ### ### ### ### ### 3. Total interest expense for 2010: ### 4. Will the bond proceeds always be more than the face amount of the bonds when the contract rate is more than the market rate of interest? ### 5. Face amount of bond issue ### Present value factor from interest tables ### ### Semi-annual interest payment ### Present value factor from interest tables ### ### Proceeds of bond issue \$3,461,181 ###...
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## This note was uploaded on 07/10/2011 for the course ACCOUNTING 116 - 301 taught by Professor Levine during the Spring '11 term at Kaplan University.

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AC116_UNIT_8_TEMPLATE - A red asterisk will appear to the...

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