Presented below is a partial amortization schedule for Discount Pizza. (3) (5) (2) Cash Paid for Interest (4) Incre...
Presented below is a partial amortization schedule for Discount Pizza. (1) (2) (3) (4) (5) Cash Increase Paid in Carrying Carrying Value for Interest Period Value Interest Expense Issue date $64,097 64,270 $2,070 $2,243 $173 2 2,070 2,249 179 64,449 Required: 1. & 2. Record the bond issue and first interest payment assuming the face amount of bonds payable is $69,000. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)...
Presented below is a partial amortization schedule for a business. (1) (2) (3) (4) (5) Period Cash Paid for Interest Interest Expense Increase in Carrying Value Carrying Value Issue date $ 64,097 1 $ 2,070 $ 2,243 $ 173 64,270 2 2,070 2,249 179 64,449 Record the bond issue and first interest payment assuming the face amount of bonds payable is $69,000. 1 Cash Discount on Bonds Payable Bonds Payable 69,000 2 Interest Expense Discount on Bonds Payable ...
Presented below is a partial amortization schedule for Discount Pizza. in Carrying Cash Paid for Interest $1,625 1,625 Interest Expense Period Issue date Value Carrying Value $57,488 57,588 57,691 $1,725 1,728 $100 103 Required: 1. & 2. Record the bond issue and first interest payment assuming the face amount of bonds payable is $65,000. (If no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field.) View transaction list Journal entry worksheet Record...
Presented below is a partial amortization schedule for Discount Foods: Period Issue Date Cash Paid Interest Expense Increase in Carrying Value Carrying Value $74,900 75,696 76,524 $2,200 2,200 $2,996 3,028 $796 828 Required: 1. & 2. Record the bond issue assuming the face value of bonds payable is $90,000 and first interest payment. (If for a particular transaction/event, select "No Journal Entry Required in the first account field.) View transaction list Journal entry worksheet Record the bond issue. < Prev...
Presented below is a partial amortization schedule for Discount Pizza. (1) (3) (5) (2) Cash Paid for Interest (4) Increase in Carrying Value Interest Expense Period Issue date Carrying Value $51,092 51,230 51,373 $1,650 1,650 $1,788 1,793 $138 143 2 Required: 1. & 2. Record the bond issue and first interest payment assuming the face amount of bonds payable is $55,000. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)...
Presented below is a partial amortization schedule for Discount Pizza. (1) (3) (5) (2) Cash Paid for Interest Interest Expense Increase in Carrying Value Period Issue date Carrying Value $63,948 64,056 64,168 - $2,450 2,450 $2,558 2,562 $ 108 112 Required: 1. & 2. Record the bond issue and first interest payment assuming the face amount of bonds payable is $70,000. (If no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field.)
Presented below is a partial amortization schedule for Premium Pizza. (1) (2) - (3) (4) (5) Cash Paid for Interest Decrease in Carrying Value Interest Expense Period Issue date Carrying Value $62,521 62,344 62,163 $1,740 1,740 $1,563 1,559 $ 177 181 Required: 1. & 2. Record the bond issue and first interest payment assuming the face amount of bonds payable is $58,000. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account...
Check my work Presented below is a partial amortization schedule for Discount Pizza. (1) (5) (2) Cash Paid for Interest (4) Increase in Carrying Value Interest Expense Period Issue date carrying Value $54,834 54,929 55,027 $95 $1,550 1,550 $1,645 1,648 98 Required: 1. & 2. Record the bond issue and first interest payment assuming the face amount of bonds payable is $62,000. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account...
Presented below is a partial amortization schedule for Premium Foods: Help Save & Exit Submit Period Issue Date Cash Paid Interest Expense Increase in Carrying Value Carrying $4,109 4,100 $3,436 3,409 $664 691 Value $85,980 85,236 84,545 Required: 1. & 2. Record the bond issue assuming the face value of bonds payable is $75,000 and first interest payment. (if no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field.) View transaction list...
Brief Exercise 9-14 Interpret a bond amortization schedule (LO9-5) Presented below is a partial amortization schedule for Discount Pizza (5) Cash Paid for Interest Increase in Carrying Value Interest Expense Period Issue date Carrying Value $61,207 61,310 61,417 52,345 2,345 52,448 2,452 5103 107 Required: 1. & 2. Record the bond issue and first interest payment assuming the face amount of bonds payable is $67,000. (If no entry it required for a particular transaction/event, select "No Journal Entry Required in...