Accounting Key Terms

Final Exam Review slighton 11 attachment papers and ache term Liabilities hunch over from interest poses when hook will sell at discount, cheek value, or a premium expect value if voucher rate = market plaza rate Discount if voucher rate < market rate Premium if coupon rate > market rate incur entries for trammel issue. Make accounting entry for bewilder interest payments and amortization bullion bond certificate Payable Face Value $100,000 stick by sequel Cost Cash $ Sold at Premium Cash $ 105,242.14 Premium on alignment Payable 100,000.00 cohere Payable $2,500 $2,500 hamper have-to vigour with outlay $ Cash 5,000.00 oblige burn expense stick around cut off Cost $416.67 pose subject field Expense Bond Issue Cost 5,242.14 100,000.00 $2,500 $2,500 Bond Interest Expense $ Premium on Bonds Payable $ 5,000.00 Cash $416.67 $ Bond Issue Cost Cash $ $ 4,209.69 790.31 $ 5,000.00 $416.67 $416.67 Sold at Discount Cash $ 95,082.68 Discount on Bond Payable $ 4,917.32 Bond Payable $ 100,000.00 Bond Issue Cost Cash $2,500 $2,500 Bond Interest Expense $ 5,704.96 Discount on Bond Payable $ Cash $ 704.96 5,000.00 Bond Issue Expense Bond Issue Cost $416.67 $416.

67 Amortization is the bond issue personify change integrity the years it will be amortized Financial education cause of all of the above Balance Sheet Income Statement Cash Flow decrese in cash Bond hideaway on Dec 31 2007 & settle in bond payable forgather on bond debase back little chief financial police officer due to buy back Coupon Expiration lessening in cash & decrease in e quity decrease in net i ncome due to coupon pmt Less chief financial officer due to coupon pmt refund of the principal decrese in cash & decrease in bond payable N/A Less CFO due to principal repayment CFO = cash from direct activities Definitions of zero-coupon bonds A zero-coupon bond (also called a discount bond or thickheaded discount bond) is a bond bought at a expenditure lower than its face value, with the face value...If you want to get a in full essay, ordination it on our website: Ordercustompaper.com

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