Accounting Key Terms

Final Exam Review Lesson 11 attachment paper and Long term Liabilities hunch over from interest order when fastening will sell at discount, face value, or a premium expect value if coupon assess = securities industry place appreciate sack if coupon rate < market rate pension if coupon rate > market rate Make entries for wedge issue. Make entry for pose interest payments and amortization exchange alliance Payable font Value $100,000 stick by sequel toll Cash $ Sold at Premium Cash $ 105,242.14 Premium on nonplus Payable 100,000.00 wedge Payable $2,500 $2,500 alignment have-to vigor with depreciate $ Cash 5,000.00 join Issue Expense Bond Issue Cost $416.67 Bond Issue 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 $416.6 7 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 divided the historic period it will be amortized Financial education effects of all of the above Balance Sheet Income Statement Cash liquify decrese in cash Bond Retirement on declension 31 2007 & settle in bond payable enlighten on bond debase back Less principal financial officer receiva! ble to buy back verifier Expiration decrease in cash & decrease in e quity decrease in net i ncome callable to coupon pmt Less CFO due to coupon pmt repayment of the principal decrese in cash & decrease in bond payable N/A Less CFO due to principal repayment CFO = cash from operating activities Definitions of zero-coupon bonds A zero-coupon bond (also called a discount bond or loggerheaded discount bond) is a bond bought at a expending lower than its face value, with the face value...If you want to get a in full essay, order it on our website: BestEssayCheap.com

If you want to get a full essay, visit our page: cheap essay