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  • Akm Latso 14

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    nandiakaje
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    The document contains calculations related to bonds payable. It first calculates interest expense, bond payable, and interest payable for a bond with a face value of $958,336. It then performs similar calculations for a bond with a face value of $800,000. Finally, it calculates the carrying value of a bond issued at a discount with a face value of $600,000 using present value calculations.

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    latso bab w14

    Original Title

    akm latso 14

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    The document contains calculations related to bonds payable. It first calculates interest expense, bond payable, and interest payable for a bond with a face value of $958,336. It then performs similar calculations for a bond with a face value of $800,000. Finally, it calculates the carrying value of a bond issued at a discount with a face value of $600,000 using present value calculations.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    10 views5 pages

    Akm Latso 14

    Uploaded by

    nandiakaje
    The document contains calculations related to bonds payable. It first calculates interest expense, bond payable, and interest payable for a bond with a face value of $958,336. It then performs similar calculations for a bond with a face value of $800,000. Finally, it calculates the carrying value of a bond issued at a discount with a face value of $600,000 using present value calculations.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 5

    a

    Cash
    bond Payable

    b.

    Interest exp
    bond payable
    cash

    958336*8%x6/12

    interest exp
    bond payable
    interest payable

    (95836-1667)x8%x6/12

    958,336

    38,333
    1,667

    800000x10%x6=12
    38,267
    1,733

    958,336

    40,000

    40,000

    b.

    cash
    Bond payable

    800000x0.8495

    679600

    interest exp
    bond payable
    cash

    679600x12%x6/12

    Interest exp
    bond payable
    interest payable

    679600-776x12%x6/1 40822.56

    679600
    40776

    800000x10%x6/12

    776
    40000

    822.56
    40000

    Face value
    discount factor
    amount

    600,000.00000
    0.71178
    427,068.00000

    1/(1-r)n

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