Please assist with the following assignment. Due Tuesday @ 12:00pm Exercise 9-4 Perfect Systems borrows 94,000 cash on May 15, 2011, by signing a 60 day, 12% note. 1. On what date does this note mature? 2. Suppose the face value of the note equals 94,000, the principal of the loan. Prepare the journal entries to record (a) issuance of the note and (b) payment of the note at maturity. Exercise 10-1 On January 1. 2011, Kidman Enterprises issues bonds that have a 1,700.00 par value, mature in 20 years, and pay 9% interest semiannually on June 30 and December 31. The bonds are sold at par. 1. How much interest will Kidman pay (in cash) to the bondholders every six months? 2. Prepare journal entries to record (a) the insurance of bonds on January 1, 2011; (b) the first interest payment on June 30, 2011; and (c) the second interest payment on December 31, 2011. 3. Prepare the journal entry for issuance assuming the bonds issued at (a) 98 and (b) 102. Exercise 10-16 Ramirez Company is considering a project that will require a 500,000 loan. It presently has total liabilities of 220,000, and total assets of 620,000. 1. Compute Ramirezs (a) present debt-to-equity ratio, and (b) debt-to-equity ratio assuming it borrows 500,000 to fund the project. 2. Evaluate and discuss the level of risk involved if Ramirez borrows the funds to pursue the project. Exercise 11-2 Prepare the journal entry to record Channel One Companys issuance of 100,000 shares of 0.50 par value common stock assuming the shares sell for (a) .50 cash per share; (b) 2.00 cash per share Exercise 11-15 Compute the price earnings ratio for each of these four separate companies. Which stock might an analysis likely investigate as being potentially undervalued by the market? Explain. Company Earnings per share Market Value per Share 1 10.00 166.00 2 9.00 90.00 3 6.50 84.50 4 40.00 240.00

The Template is provided to help you complete your assignment successfully. There are hints and guidance within the templates. For Example, some fields will have a note attached - as designated by the red triangle in the upper right corner of the cell. Some final cell totals or answers will give you a notice if the answer is correct. For example, if you have gotten the right answer, you may see a note "Correct", or "Good!" appear beneath or to the side of that cell. But, not all exercises or problems will provide feedback. So, be sure you do your best on all of the assignments. And, if you have any questions, please do not hesitate to bring your questions to me. The preferred way to communicate your assignment related questions will be in the Virtual Office. However, please remember that we do not discuss solutions in the Virtual Office. So, do not post partially completed template files, and do not post your solutions. But DO ask as specific a question as possible without giving away an answer. One final note - in almost every template, the cells that allow you to enter something will be background highlighted using = Yellow. In each assignment, you will be able to enter you name in the designated cell here in the "Instructions sheet". Please be sure to input you name in the template, and name the file according to the assignment instructions when you save it. Thank you and I look forward to working with you on your assignments. Enter you Name here ======> Faye M Williams GB 518 Unit 5 Assignment Student: Faye M Williams Exercise 9-4 Start Date Part 1 Part 2a. Date Part 2b. Date Maturity date Computation = Description 15-May Cash Notes Payable Borrowed cash - issued note. Description 14-Jul Interest Expense* Notes Payable Cash Repaid note plus interest. Term of Note Enter a date Enter # of days Dr Maturity Date #VALUE!