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Mahalo Boat Adventure Inc. has a July 31 year-end. It showed the following partial amortization schedules regarding two bond issues: Bond Issue A (A)
Mahalo Boat Adventure Inc. has a July 31 year-end. It showed the following partial amortization schedules regarding two bond issues: Bond Issue A (A) Cash Interest Paid (B) Period Interest Expense (E) Carrying Period $750,000 (E) 5.0% (C) Amort. Ending 6.0% x 6/12 6/12 June (D) Value Unamortized $750,000+ (A) - (B) Balance (D) $53,825 $803,825 1/20 Dec. $ 22,500 $ 20,096 $ 2,404 51,421 801,421 1/20 Dec. 22,500 19,266 3,234 17,423 767,423 1/26 June 22,500 19,186 3,314 14,109. 764,109 1/27 Dec. 1/27 22,500 19,103 3,397 10,712 760,712 June 22,500 19,018 3,482 7,230 757,230 1/28 Dec. 22,500 18,931 3,569 3,661 753,661 1/28 June 22,500 18,839 3,661 0 750,000 1/29 Totals $405,000 $351,175 $53,825
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