Bond Issue B Period Ending Apr. 1/18 Jul. 1/18 Apr. 1/26 Jul. 1/26 Oct. 1/26 (A) Cash (B) Period Interest Interest Paid Expense $560,000.0 × (E) x 8.5% x 3/12 8.0% × 3/12 $ 11, 200 $ 11,502 Jan. 1/27 Apr. 1/27 Jul. 1/27 Oct. 1/27 Jan. 1/28 Apr. 1/28 Totals *Adjusted for rounding 11, 200 11, 200 11, 200 11, 200 11, 200 11, 200 11, 200 11,200 11, 200 $ 448,000 11,779 11,792 11,804 11,817 11,830 11,843 11,857 11,871 11,888* $ 466,736 (C) Amort. (A) (B) $ 302 579 592 604 617 630 643 657 671 688 $18,736 (D) Unamortized Balance $18,736 18,434 5,102 4,510 3,906 3,289 2,659 2,016 1,359 688 0 (E) Carrying Value $560,000 (D) $ 541,264 541,566 554,898 555,490 556,094 556,711 557,341 557,984 558,641 559,312 560,000
Bond Issue B Period Ending Apr. 1/18 Jul. 1/18 Apr. 1/26 Jul. 1/26 Oct. 1/26 (A) Cash (B) Period Interest Interest Paid Expense $560,000.0 × (E) x 8.5% x 3/12 8.0% × 3/12 $ 11, 200 $ 11,502 Jan. 1/27 Apr. 1/27 Jul. 1/27 Oct. 1/27 Jan. 1/28 Apr. 1/28 Totals *Adjusted for rounding 11, 200 11, 200 11, 200 11, 200 11, 200 11, 200 11, 200 11,200 11, 200 $ 448,000 11,779 11,792 11,804 11,817 11,830 11,843 11,857 11,871 11,888* $ 466,736 (C) Amort. (A) (B) $ 302 579 592 604 617 630 643 657 671 688 $18,736 (D) Unamortized Balance $18,736 18,434 5,102 4,510 3,906 3,289 2,659 2,016 1,359 688 0 (E) Carrying Value $560,000 (D) $ 541,264 541,566 554,898 555,490 556,094 556,711 557,341 557,984 558,641 559,312 560,000
Chapter1: Financial Statements And Business Decisions
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