P10 1.

A
CHUAN KWANG
JOURNALIZE
ON JANUARY
IN NT$
Date Account Title Debit Kredit

05-Jan Cash 20.520

Sales (20520 : 1,80) 19000
Sales (20520 : 19000) 1520

12-Jan Unearned Service Revenue 10.000

Service Revenue 10.000

14-Jan Sales tax payable 7.700

Cash 7.700

20-Jan Cash 48.600

Sales Revenue 45.000
Sales Taxes Payable 3.600

21-Jan Cash 27.000

Note Payable 27.000

25-Jan Cash 27.000

Note Payable 27.000

25-Jan Cash 12.420

Sales Revenue (12.420 : 1,08) 11.500
Sales tax payable 920

B.
CHUAN KWANG
STATEMENT OF FINANCIAL POSITION
JANUARI 31, 2020
IN NT $
Date Account Tittle Debit Kredit

31-Jan Interest Expense 60

Interest Payable (27.000 x8% x 1/12 X 1/3) 60

31-Jan warranty Expense

Warranty Liability 3150
(45.000 x7%) 3150
C. CHUAN KWANG
STATEMENT OF FINANCIAL POSITION
JANUARI 31, 2020
In NT$
Current Liabilities
Account Payable 52000
Unerned Service Revenue (16000 - 10000 ) 6000
Note Payable 27000
Interest Payable 60
Sales taxes payable (1520+3600+920) 6040
Warranty liabilities 3150
total current liabilities 94250

P11.1
A. The Journal Entry to record the issurance of the bonds

Cash 600000
Bond Payable 600000

B. the adjusting entry to record the accrual of interest on december 31, 2020

Interest Expense 36000

Interest payable 36000
(600000 x 9% x 8/10)

C. Herron Industries AG
Statement Of Financial Position
December 31, 2020
Current Liabilities
Interest Payable 600000

Non Current liabilities

bond payable 36000
636000

D. Interest Payable 36000

Interest Expense (600.000 x 9% x 4/12) 18000
cash 54000

E. Interest Expense 36000

Interest Payable (600000x9%x8/12) 36000

F. Interest Payable
Cash 36000
36000

Bond Payable 600000

Loss on Bond Redemption 12000
Cash (CHF 600000 x 1,02) 612000