ACC620 Week6 HW.xlsx
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502100 1-Sep 10% 1-Mar 12% Date Cash Paid Interest Expens Discount Amortized 3/1/2014 9/1/2014 $25,105 $28,444 $3,339 3/1/2015 $25,105 $28,645 $3,540 9/1/2015 $25,105 $28,857 $3,752 3/1/2016 $25,105 $29,082 $3,977 9/1/2016 $25,105 $29,321 $4,216 3/1/2017 $25,105 $29,574 $4,469 9/1/2017 $25,105 $29,842 $4,737 3/1/2014 Cash $474,072 Discount On Bonds Payable $28,028 Bonds Payable $502,100 9/1/2014 Interest Expense $28,444 Discoiunt on Bonds Payable $3,339 Cash $25,105 12/31/2014 Interest Expense $19,096 Discount on Bonds Payable $2,360 Interest Payable $16,737 3/1/2015 Interest Expense $9,548 Interest Payable $16,737 Discount on Bonds Payable $1,180 Cash $25,105 9/1/2015 Interest Expense $28,857 Discount on Bonds Payable $3,752 Cash $25,105 12/31/2015 Interest Expense $19,388 Discount on Bonds Payable $2,651 Interest Payable $16,737 410100 12% 1-Jun 1-Dec 1-Jun $410,100 $277,572 $26,506
Transcript of ACC620 Week6 HW.xlsx
Sheet15021001-Sep2017$502,10010%1-Mar$333,92712%$140,146$474,072$28,028DateCash PaidInterest ExpenseDiscount AmortizedCarrying Value3/1/14$474,0729/1/14$25,105$28,444$3,339$477,4123/1/15$25,105$28,645$3,540$480,9519/1/15$25,105$28,857$3,752$484,7033/1/16$25,105$29,082$3,977$488,6819/1/16$25,105$29,321$4,216$492,8963/1/17$25,105$29,574$4,469$497,3659/1/17$25,105$29,842$4,737$502,1023/1/14Cash$474,072Discount On Bonds Payable$28,028 Bonds Payable$502,1009/1/14Interest Expense$28,444 Discoiunt on Bonds Payable$3,339 Cash$25,10512/31/14Interest Expense$19,096 Discount on Bonds Payable$2,360 Interest Payable$16,7373/1/15Interest Expense$9,548Interest Payable$16,737 Discount on Bonds Payable$1,180 Cash$25,1059/1/15Interest Expense$28,857 Discount on Bonds Payable$3,752 Cash$25,10512/31/15Interest Expense$19,388 Discount on Bonds Payable$2,651 Interest Payable$16,737
41010012%1-Jun1-Dec10/1/15buy back1-Jun127600cost133870accrued included$410,100$277,572$26,506$159,034$436,606
DateCash PaidInterest ExpenseDiscount AmortizedCarrying Value6/1/14$436,60612/1/14$24,606$21,830$2,776$433,8306/1/15$24,606$21,692$2,914$430,91612/1/15$24,606$21,546$3,060$427,8556/1/16$24,606$21,393$3,213$424,64212/1/16$24,606$21,232$3,374$421,2686/1/17$24,606$21,063$3,543$417,72612/1/17$24,606$20,886$3,720$414,0066/1/18$24,606$20,700$3,906$410,100
6/1/14Cash$436,606 Premium on Bonds Payable$26,506 Bonds Payable$410,100
12/1/14Interest Expense$21,830Premium on Bonds Payable$2,776 Cash$24,606
12/31/14Interest Expense$3,615Premium on Bonds Payable$486 Interest Payable$4,101
6/1/15Interest Expense$18,076Interest Payable$4,101Premium on Bonds Payable$2,429 Cash$24,606
10/1/15Interst Expense$4,309Premium on Bonds Payable$612 Cash$4,921
10/1/15Bonds Payable127600Premium on Bonds Payable$5,633 Gain on Redemption of Bonds$4,467 Cash$128,766
12/1/15Interest Expense$15,082Premium on Bonds Payable$2,142 Cash$17,224
12/31/15Interest Expense$2,496Premium on Bonds Payable$375 Interest Payable$2,871
6/1/16Interest Expense$12,479Interest Payable$2,871Premium on Bonds Payable$1,874 Cash$17,224
12/1/16Interest Expense$14,862Premium on Bonds Payable$2,362 Cash$17,224
