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roblem 14-8A (60 minutes) Part 1 Jan. 1 Cash... Discount on Bonds Payable. Bonds Payable.... Sold bonds on stated issue date 292, 181. ...32,819. 325,000 $ 65,000 32.819 $ 97,819 Part 2 Eight payments of $8,125... Plus discount..... Total bond interest expense. or: Eight payments of $8,125 Par value at maturity...... Total repaid... .... Less amount borrowed...... Total bond interest expense.... "5325,000 x 0.05 x . = 58,125 $ 65,000 325.000 390,000 (292.181) $ 97.819 Part 3 (C) Semiannual Interest Period-End (A) Cash Interest Pald [2.6% X 8325.000) (B Bond Interest Expense [4%x Prior (E) Discount Amortization (B) - ( A (D) Unamortized Discount r ior (D ( (E) Carrvina Value 68325,000. (D) 1/01/2019 $32,819 $292.181 6/30/2019 $8,125 $11,687 $3,562 29,257 295,743 12/31/2019 8.125 11,830 3.705 25,552 299.448 6/30/2020 8.125 11.978 3.85321.699303.301 12/31/2020 8.125 12,132 4 ,007 17,692 307 308 Problem 14-8A (Concluded) Part 4 June 30 Bond Interest Expense.. Discount on Bonds Payable.. Cash. Record six months' interest and discount amortization. 3,562 8,125 Dec. 31 1.1.830. Bond Interest Expense..... Discount on Bonds Payable..... Cash... Record six months' interest and discount amortization. 3,705 8,125 roblem 14-8A (60 minutes) Part 1 Jan. 1 Cash.. Discount on Bonds Payable. Bonds Payable.. Sold bonds on stated issue date 292,181 ..32,819. 325.000 $ 65,000 32.819 $ 97,819 Part 2 Eight payments of $8,125... Plus discount...... Total bond interest expense. or: Eight payments of $8,125 Par value at maturity...... Total repaid..__.... Less amount borrowed......... Total bond interest expense.... *5325,000 x 0.05 x % = 58,125 $ 65,000 325.000 390,000 (292.181) $ 97,819 Part 3 (C) (D) Semiannual Interest Period-End (A) Cash Interest Pald [2.6% X 8325,000) Bond Interest Expense [49 x Prior (E) Discount Amortization [(B) - ( A Unamortized Discount r ion ( D C Carrvina Value 68325,000. (D) 1/01/2019 $32,819 $292.181 6/30/2019 $8,125 $11,687 $3,562 29,257 295.743 12/31/2019 8.125 11,830 3.705 25,552 299.448 6/30/2020 8.125 11.978 3.853 21.699 303.301 12/31/20208.125 12.1324,007 17,692307 308 Problem 14-8A (Concluded) Part 4 June 30 114687 3,562 Bond Interest Expense..... Discount on Bonds Payable.. Cash.. Record six months' interest and discount amortization. 8,125 Dec. 31 1.1.830. Bond Interest Expense..... Discount on Bonds Payable...... Cash... Record six months' interest and discount amortization. 3,705 8,125 roblem 14-8A (60 minutes) Part 1 Jan. 1 Cash... Discount on Bonds Payable. Bonds Payable.... Sold bonds on stated issue date 292, 181. ...32,819. 325,000 $ 65,000 32.819 $ 97,819 Part 2 Eight payments of $8,125... Plus discount..... Total bond interest expense. or: Eight payments of $8,125 Par value at maturity...... Total repaid... .... Less amount borrowed...... Total bond interest expense.... "5325,000 x 0.05 x . = 58,125 $ 65,000 325.000 390,000 (292.181) $ 97.819 Part 3 (C) Semiannual Interest Period-End (A) Cash Interest Pald [2.6% X 8325.000) (B Bond Interest Expense [4%x Prior (E) Discount Amortization (B) - ( A (D) Unamortized Discount r ior (D ( (E) Carrvina Value 68325,000. (D) 1/01/2019 $32,819 $292.181 6/30/2019 $8,125 $11,687 $3,562 29,257 295,743 12/31/2019 8.125 11,830 3.705 25,552 299.448 6/30/2020 8.125 11.978 3.85321.699303.301 12/31/2020 8.125 12,132 4 ,007 17,692 307 308 Problem 14-8A (Concluded) Part 4 June 30 Bond Interest Expense.. Discount on Bonds Payable.. Cash. Record six months' interest and discount amortization. 3,562 8,125 Dec. 31 1.1.830. Bond Interest Expense..... Discount on Bonds Payable..... Cash... Record six months' interest and discount amortization. 3,705 8,125 roblem 14-8A (60 minutes) Part 1 Jan. 1 Cash.. Discount on Bonds Payable. Bonds Payable.. Sold bonds on stated issue date 292,181 ..32,819. 325.000 $ 65,000 32.819 $ 97,819 Part 2 Eight payments of $8,125... Plus discount...... Total bond interest expense. or: Eight payments of $8,125 Par value at maturity...... Total repaid..__.... Less amount borrowed......... Total bond interest expense.... *5325,000 x 0.05 x % = 58,125 $ 65,000 325.000 390,000 (292.181) $ 97,819 Part 3 (C) (D) Semiannual Interest Period-End (A) Cash Interest Pald [2.6% X 8325,000) Bond Interest Expense [49 x Prior (E) Discount Amortization [(B) - ( A Unamortized Discount r ion ( D C Carrvina Value 68325,000. (D) 1/01/2019 $32,819 $292.181 6/30/2019 $8,125 $11,687 $3,562 29,257 295.743 12/31/2019 8.125 11,830 3.705 25,552 299.448 6/30/2020 8.125 11.978 3.853 21.699 303.301 12/31/20208.125 12.1324,007 17,692307 308 Problem 14-8A (Concluded) Part 4 June 30 114687 3,562 Bond Interest Expense..... Discount on Bonds Payable.. Cash.. Record six months' interest and discount amortization. 8,125 Dec. 31 1.1.830. Bond Interest Expense..... Discount on Bonds Payable...... Cash... Record six months' interest and discount amortization. 3,705 8,125