chapter 14_1st amortization of discount spreadsheet

chapter 14_1st amortization of discount spreadsheet - 5.00...

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

View Full Document Right Arrow Icon
Column 1 2 3 4 5 6 Date / Period Cash Interst Amortization Balance of Face Value Payments to Expesne of Discount Discount less Discount Bondholders (Carrying Value, CV) Equal to Interest Beg. Bal. .06*CV Expense less less Cash paid Amortization 1/1/2012 7.36 92.64 1/1-6/30/2012 5.00 5.56 0.56 6.80 93.20 7/1-12/31/2012 5.00 5.59 0.59 6.21 93.79 1/1-6/30/2013 5.00 5.63 0.63 5.58 94.42 7/1-12/31/2013
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 5.00 5.67 0.67 4.92 95.08 1/1-6/30/2014 5.00 5.70 0.70 4.21 95.79 7/1-12/31/2014 5.00 5.75 0.75 3.46 96.54 1/1-6/30/2015 5.00 5.79 0.79 2.67 97.33 7/1-12/31/2015 5.00 5.84 0.84 1.83 98.17 1/1-6/30/2016 5.00 5.89 0.89 0.94 99.06 7/1-12/31/2016 5.00 5.94 0.94 0.00 100.00 12/31/2017 50.00 57.36 7.36 50.00...
View Full Document

This note was uploaded on 11/08/2011 for the course ACC 814 taught by Professor Manzon during the Summer '11 term at BC.

Ask a homework question - tutors are online