Professional Documents
Culture Documents
77,414,756 77,415
Barnwell:
Investment in Bonds 80,000
Discount on bond investment 2,585
,
Cash 77,415
1/31/14 I t
Interest
t Expense
E (3,884,275
(3 884 275 x 1/6) 647 379
647,379
Interest Payable 3,000,000
Discount on B/P (284,275 x 1/6) 47,379
Cash 3,600,000
1/31/14 C h
Cash 3 600
3,600
Disc on Bond Invest (284 x 1/6) 47
Interest Receivable 3,000
Interest Revenue (3,884 x 1/6) 647