2017

1-Jan Sinking Fund Cash 3,510,000

Cash 3,510,000

18-Jan Sinking Fund Securities 3,250,000

Sinking Fund Cash 3,250,000

5-Jul Sinking Fund Expenses 130,000

Sinking Fund Cash 130,000

9-Sep Sinking Fund Cash 689,000

Loss on Sale of Securities 91,000
Sinking Fund Securities 780,000

20-Dec Sinking Fund Cash 195,000

Sinking Fund Income 195,000

2018
12-Feb No entry

31-Dec Sinking Fund Cash 270,000

Sinking Fund Securities 270,000

31-Dec Sinking Fund Cash 2,250,000

Loss on Sale of Securities 220,000
Sinking Fund Securities 2,470,000

31-Dec Bonds Payable 3,000,000

Sinking Fund Securities 3,000,000

31-Dec Cash 534,000

Sinking Fund Cash 534,000
1 Sinking Fund - Trustee 1,600,000
Cash 1,600,000
2 No entry
3 No entry
4 No entry
5 No entry
6 Sinking Fund - Trustee 824,000
Sinking Fund Expense 48,000
Sinking Fund Income 112,000
Gain of Sale of Securities 760,000
7 Bonds Payable 1,600,000
Interest Payable 160,000
Sinking Fund - Trustee 1,760,000
8 Cash 664,000
Sinking Fund - Trustee 664,000
A.
Date Interest Fund Balance Annual Contribution Fund Balance
July 11, 20A 603,318 603,318
July 11, 20B 69,332 603,318 1,266,968
July 11, 20C 126,697 603,318 1,996,983
July 11, 20D 199,699 603,318 2,800,000

B.
Date Interest Fund Balance Annual Contribution Fund Balance
June 30, 20B 548,471 548,471
June 30, 20C 54,847 548,471 1,151,789
June 30, 20D 115,179 548,471 1,815,439
June 30, 20E 181,544 548,471 2,545,454
June 30, 20F 254,546 548,471 2,800,000

c.
Date Interest Fund Balance Fund Balance
July 11, 20A 1,912,438
July 11, 20B 191,244 2,103,682
July 11, 20C 210,368 2,314,050
July 11, 20D 231,405 2,545,455
July 11, 20E 254,545 2,800,000
 4

1-Jan Preference share redemption fund 1,500,000

Cash 1,500,000
Contingency Fund 750,000
Cash 750,000
Insurance Fund 9,000,000
Cash 9,000,000

1-Jul Fire loss 4,500,000

Acc. Depreciation 3,000,000
Building 7,500,000

Building 12,000,000
Insurance Fund 9,000,000
Cash 3,000,000

15-Dec Loss on Danger 750,000

Contingency Fund 750,000

31-Dec Preference Share Capital 1,500,000

] Retained Earnings 90,000
Preference share redemption fund 1,500,000
Cash 90,000
April 1, 20B Life Insurance 72,000
Cash 72,000

Life Insurance 72,000

Cash 72,000

Life Insurance 72,000

Cash 72,000

Cash Surrender Value 72,000

Life Insurance 26,000
Retained Earnings 48,000
20E
1-Apr Life Insurance 72,000
Cash 72,000

Cash Surrender Value 28,800

Life Insurance expense 28,800
20F
1-Apr Life Insurance Expense 72,000
Cash 72,000

1-Jul Cash Surrender Value 19,200

Life Insurance expense 19,200

31-Jul Cash 2,000,000

Cash surrender value 120,000
Life Insurance expense 36,000
Gain on Life insurance settlement 1,844,000