Nama : Nabila Zalfa Aulia

NIM : 0302519014
Kelas : AK19A
TUGAS LAB AKUNTANSI MENENGAH 2

a. Present value of the principal

2,000,000 X .38554 (PV10, 10%) 771,080

Present value of the interest payments

210,000* X 6.14457 (PVOA10, 10%) 1,290,360

Present value (selling price of the bonds) 2,061,440

2,000,000 X 10.5% = 210,000

Cash 2,061,440
Bonds Payable 2,061,440

b.

Premium Carrying Amount of

Date Cash Paid Interest Expense
Amortization Bonds

1/1/09 - - - 2,061,440
1/1/10 210,000 206,144 3,856 2,057,584
1/1/11 210,000 205,758 4,242 2,053,342
1/1/12 210,000 205,334 4,666 2,048,676
1/1/13 210,000 204,868 5,132 2,043,544

c. Carrying amount as of 1/1/12 2,048,676

Less: Amortization of bond premium
(5,132 ÷ 2) 2,566
Carrying amount as of 7/1/12 2,046,110

Reacquisition price 1,065,000

Carrying amount as of 7/1/12
(2,046,110 ÷ 2) (1,023,055)
Loss 41,945

Entry for accrued interest

Interest Expense (204,868 X 1/2 X 1/2) 51,217
Bonds Payable 1,283
Cash (210,000 X 1/2 X 1/2) 52,500
Entry for reacquisition
Bonds Payable 1,023,055
Loss on Extinguishment of Bonds 41,945
Cash 1,065,000