Question
ptx > Mahalo Boat Adventure Inc. has a July 31 year-end. It showed the following partial amortization schedules regarding two bond issues: Bond Issue
ptx > Mahalo Boat Adventure Inc. has a July 31 year-end. It showed the following partial amortization schedules regarding two bond issues: Bond Issue A Period Ending June 1/23 Dec. 1/23 $750,000 x 6.0% x 6/12 (A) Cash Interest Paid (B) Period Interest Expense (E) x 5.0% x 6/12 (E) Carrying (C) Amort. (D) Unamortized Value $750,000 + (A) - (B) Balance (D) $53,825 $ 803,825 $ 22,500 $ 20,096 $ 2,404 51,421 801,421 Dec. 1/29 22,500 19,266 3,234 17,423 767,423 June 1/30 22,500 19,186 3,314 14,109 764,109 Dec. 1/30 22,500 19,103 3,397 10,712 760,712 June 1/31 22,500 19,018 3,482 7,230 757,230 Dec. 1/31 22,500 18,931 3,569 3,661 753,661 June 1/32 22,500 18,839 3,661 0 750,000 Totals $ 405,000 $ 351,175 $53,825 *Adjusted for rounding Marketing Plan A....docx < Prev 3 of 10 Next >
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