Prob 14-5

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Unformatted text preview: ine method.(Round your a nsw e rs to the ne a re st w hole dolla r.) Ca sh Re corde d Incre a se in Ca rrying Pa ym e nt Inte re st Ba la nce V a l ue 96,768+/ -0 .1 % 1 4,500 4,904+/ -0 .1 % 404+/ -1 .5 % 97,172+/ -0 .1 % 2 4,500 4,904+/ -0 .1 % 404+/ -1 .5 % 97,576+/ -0 .1 % 3 4,500 4,904+/ -0 .1 % 404+/ -1 .5 % 97,980+/ -0 .1 % 4 4,500 4,904+/ -0 .1 % 404+/ -1 .5 % 98,384+/ -0 .1 % 5 4,500 4,904+/ -0 .1 % 404+/ -1 .5 % 98,788+/ -0 .1 % 6 4,500 4,904+/ -0 .1 % 404+/ -1 .5 % 99,192+/ -0 .1 % 7 4,500 4,904+/ -0 .1 % 404+/ -1 .5 % 99,596+/ -0 .1 % 8 4,500 4,904+/ -0 .1 % 404+/ -1 .5 % 100,000+/ -0 .1 % 36,000 39,232 3,232 3. Prepare the journal entries to rec ord interes t ex pens e on June 30, 2015, by eac h of the two approac hes . (If no journa l e ntry is re quire d for a pa rticula r e ve nt, se le ct "No journa l e ntry re quire d" in the first a ccount fie ld.) Eve nt 1 Ge ne ra l Journa l Interes t ex pens e De bit 4,911+/ -0 .1 % Dis c ount on bonds pay able 411+/ -1 .5 % Cas h 2 I...
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This homework help was uploaded on 03/22/2014 for the course ACC 3000 taught by Professor He during the Fall '09 term at CUNY Baruch.

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