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Valix Fin Acctng 8 2 2012 Edition
Valix Fin Acctng 8 2 2012 Edition
Loan Recievable
4,000,000
Cash
Cash
342,100
Unearned income
Date
2,847,200
960,720
3,807,920
Interest Received
1/1/2012
12/31/2012
12/31/2013
12/31/2014
150,000
Interest Income
400,000
400,000
400,000
456,950
463,784
471,345
Amortization
56,950
63,784
71,345
Dec 31,2012
Cash
400,000
Interest Income
56,950
Dec 31,2013
Cash
400,000
Interest income
63,784
Dec 31,2014
Cash
400,000
Interest income
71,345
Cash
4,000,000
Loan Receivable
4,000,000
342,100
###
Carrying amount
3,807,920
3,864,870
3,928,655
4,000,000
400,000
56,950
400,000
63,784
400,000
71,345
4,000,000