Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

what doss the bond consolidation entry look like for year 16? 1 9% 8% 2 Interest Pmt Intrest Exp Amount of premis 3 112x14 2

what doss the bond consolidation entry look like for year 16? image text in transcribed
1 9% 8% 2 Interest Pmt Intrest Exp Amount of premis 3 112x14 2 4 7/1/2x14 $ 9,000 $ 8,544 $ 5 1/1/2x15 $ 9.000 $ 8,525 5 @ 7/1/2x15 $ 9,000 $ 8,506 $ 7 1/1/2x16 TS 9,000 $ 8,487 5 are 8 7/1/2x16 $ 9,000 $ 8.466 $ 9 1/1/2x17 $ 9,000 5 8445$ el 107/1/2x17 $ 9,000 $ 8.423 $ 11 1/1/2x18 $ 9,000 $ 8.399 $ 12 7/1/2x18 $ 9,000 $ 8,375$ 12 1/1/2x19 $ 9,000 $ 8,350 5 14 7/1/2x19 $ 9,000 $ 8,324 15 11/2220 9,000 $ 3.297 $ 16 7/1/2x20 $ 9,000 $ 8,269 $ 17 11/221 $ 9,000 $ 8.240 $ 18 7/1/2x21 $ 0.000 $ 8,2105 10 1/1/2x22 $ 9,000 $ 3.178 $ 20 7/1/2/22 $ 9,000 S 8,145 5 21 7/1/2x23 $ 3,000 $ 8,111 5 22 7/1/2x23 $ 9,000 $ 8,075 S 23 1/1/224 $ 9,000 S 8,038 $ hapte 24 2.5 $ OS olutiot 26 Interest PMT Intrest Exp Amount of Premis 27 11/2x16 omew 28 7111210 $ 3.375 5 3.547 S 2011/2x17 5 3,375$ 3,038 5 lela 30 Premium (discount) Bonds Payable Bv of Bonds $ 13,590 S 200,000 $ 213,590 458 $ 13,134 $ 200,000 $ 213,134 475$ 12,659 $ 200,000 $ 212,659 494 S 12,165 $ 200,000 $ 212,165 513 S 11,652 $ 200,000 $ 211,652 534 $ 11,118 5 200,000 $ 211,118 555 $ 10,503 $ 200,000 $ 210,503 577 S 9,985 $ 200,000 $ 209,985 601$ 9,385 $ 200,000 $ 209,385 625 $ 8.780 $ 200,000 $ 208,760 650 S 8,110$ 200,000 $ 200,110 678 $ 7,435 S 200,000 $ 207,435 7035 6,732 $ 200,000 $ 205,732 7315 6,002 $ 200,000 $ 200,002 760 S 5.242 $ 200,000 $ 205 242 - 790 $ 4,451 5 200,000 $ 204,451 8225 3,820 S 200,000 $ 203,629 8555 2.774 S 200,000 $ 202.774 8095 1.885 5 200,000 $ 201.885 9255 9615 200.000 $ 200.901 962 $ (0) 5 200.000 $ 200,000 Premium Discount) Bonds Payable Ev of Bonda 4,0645 75,000 $ 70,936 (172) 3,8925 75.000 5 70,764 (163) 5 3,7295 75,000 70,001

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting Tools For Business Decision Making

Authors: Jerry J. Weygandt, Paul D. Kimmel, Ibrahim M. Aly, Donald E. Kieso

6th Canadian Edition

1119731828, 9781119731825

More Books

Students also viewed these Accounting questions