Module 2 Discussion Forum

Module 2 Discussion Forum - Module 2 Discussion Forum...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Module 2 Discussion Forum Exercise 14-6 1. June 30, 2011 Cash (price given)..............................................$967,707 Bonds payable (face amount).................................................$900,000 Premium on bonds payable (difference).................................$ 67,707 2. December 31, 2011 Interest expense (6% x $967,707)......................$58,062 Premium on bonds payable (difference)............$ 438 Cash (6.5% x $900,000).........................................................$58,500.00 3. June 30, 2012 Interest expense [6% x ($967,707 - $438).........$58,036 Premium on bonds payable (difference)............$ 464 Cash (6.5% x $900,000)..............................................................$58,500.00 ...
View Full Document

Ask a homework question - tutors are online