HW#10 - 9814 8,000-1,814 198,089 12/31/2014 9904...

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Anthony Marsala ACC201 Sec. 24 Homework #10 A. I = 200,000 * 5 * 0.04 = 40,000 P = 200,000 Interest for the year = 40,000/5 = 8,000 34,636 156,700 191,336 Cash (+A) 191,336 Discount on Bonds Payable (+X 8,664      Bonds Payable (+L) 200,000 Assets    =  Liabilities  +  SE Revenue  - Expenses = Net Income Increase Increase       NE NE NE NE B.  Date Interest Expense Interest Paid Amortization Carrying BV 1/1/2010 None None None 191,336 12/31/2010 9567 8,000 -1,567 192,903 12/31/2011 9645 8,000 -1,645 194,548 12/31/2012 9727 8,000 -1,727 196,275 12/31/2013
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Unformatted text preview: 9814 8,000-1,814 198,089 12/31/2014 9904 8,000-1,904 199,994 C. Totals 48658 40,000-8,658 *200,000 *Rounded Value D. Interest Expense (+E, -SE) 9,645 Discount on B/P (-XL, +L) 1,645 Cash (-A) 8,000 Assets = Liabilities + SE Revenue -Expenses = Net Income D I D NE I D E. Bonds Payable 200,000 Discount on Bonds Payable-5,452 194,548 8,000 * PV A (5,5)[4.3295] = 200,000 * PV 1 (5,5)[0.7835] =...
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This note was uploaded on 10/04/2011 for the course ACC 201 taught by Professor Bokmier during the Fall '10 term at Michigan State University.

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