On January 2, 2018 Pearl corporation purchased 10 , $3,000,000 bonds of Gold Company to yield 11 The bonds are due December 31, 2027 and pay interest annually each December 31 Pearl intention is to generate profit from short term differences in prices and accordingly, has classified the debt investment as trading Following is a partial amortization schedule for these bonds extracted from Pearl's records AMORTIZATION SCHEDULE 10 Year, 10 Bonds Sold to Yield 11 Carrying Date Cash Received Interest Revenue Discount Amortized Amount of 1 2 18 0 0 0 Bonds $2,823,310 12 31 18 $300,000 12 31 19 300,000 311,726 11,726 2,845,600 12 31 20 300,000 313,016 13,016 2,858,616 12 31 21 300,000 12 31 22 300,000 316,038 16,038 2,889,102

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On January 2, 2018 Pearl corporation purchased 10 , $3,000,000 bonds of Gold Company to yield 11   The bonds are due December 31, 2027 and pay interest annually each December 31  Pearl intention is to generate profit from short term differences in prices and accordingly, has classified the debt investment as trading  Following is a partial amortization schedule for these bonds extracted from Pearl's records AMORTIZATION SCHEDULE 10 Year, 10  Bonds Sold to Yield 11  Carrying Date Cash Received Interest Revenue Discount Amortized Amount of 1 2 18 0 0 0 Bonds $2,823,310 12 31 18 $300,000             12 31 19 300,000 311,726 11,726 2,845,600 12 31 20 300,000 313,016 13,016 2,858,616 12 31 21 300,000             12 31 22 300,000 316,038 16,038 2,889,102

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Accounting For Cambridge International AS And A Level

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Accounting For Cambridge International AS And A Level

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