Homework Answers
Answer
- Requirement as asked
|
Date |
Interest Expense |
Cash Interest |
Discount amortised |
Carrying Value of Bonds |
|
01-May-20 |
$14,900,015 |
|||
|
01-Nov-20 |
$745,001 |
$672,000 |
$73,001 |
$14,973,016 |
|
01-May-21 |
$748,651 |
$672,000 |
$76,651 |
$15,049,667 |
|
$149,652 |
--Workings
|
Date |
Interest Expense |
Cash Interest |
Discount amortised |
Carrying Value of Bonds |
|
01-May-20 |
14900015 |
|||
|
01-Nov-20 |
=14900015*10%*6/12 |
=16800000*8%*6/12 |
=745001-672000 |
=14900015+73001 |
|
01-May-21 |
=14973016*10%*6/12 |
=16800000*8%*6/12 |
=748651-672000 |
=14973016+76651 |
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