Jamona Scenario - I Investments January 1 2006 Bonds...

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January 1, 2006 Bonds Investment (Available for Sale) $322,744.44 Cash $322,744.44 Purchases Bonds for Cash (Available for Sale) December 31, 2007 Cash $36,000.00 Interest Revenue $36,000.00 Received Interest on Bond Investment December 31, 2007 Interest Revenue $4,098.11 Investment in Bonds (Available for Sale) $4,098.11 Amortization of Bond Premium December 31, 2007 Unrealized Holding Gain or Loss-Equity $5,920.77 Securities Fair Value Adjustment (Available for Sale) $5,920.77 Adjust Bond Investment (Available for Sale) to FMV Bond Amortization Table Date Amortization December 31, 2006 $36,000.00 $32,274.44 $3,725.56 $319,018.88 December 31, 2007 $36,000.00 $31,901.89 $4,098.11 $314,920.77 December 31, 2008 $36,000.00 $31,492.08 $4,507.92 $310,412.85 December 31, 2009 $36,000.00 $31,041.29 $4,958.71 $305,454.14 December 31, 2010 $36,000.00 $30,545.41 $5,454.14 $300,000.00 Note: Investment fair values and unrealized holding gains or losses of equity as follows: December 31, 2007 Gross Unrealized Available for Sale Amortized Cost
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This note was uploaded on 12/15/2011 for the course ACC ACC taught by Professor Mari during the Fall '10 term at University of Phoenix.

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Jamona Scenario - I Investments January 1 2006 Bonds...

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