NAME: DATE:

PROFESSOR: SECTION:
SUBJECT: QUIZ I

GENERAL INSTRUcTIONS:
1 Complete the INFO above.
2 Change the EXCEL FILE NAME from "SURNAME" to your actual surname.
3 Scan the quiz per sheet
P1 Customer Loyalty Program 1 problem only 20 points
P2 Premiums 1 problem only 42 points
P3 Warranty 1 problem only 34 points
P4 Accrued Liabilities & Deferred Revenue 7 problems 90 points
P5 Provisions & Contingencies 3 problems 48 points
P6 Decommissioning Liability 1 problem only 28 points
P7 Bonds Payable - Straight Line Method 1 problem only 80 points
P8 Bonds Payable - Bond outstanding Method 1 problem only 60 points
NOTE: Additional points can be given depending on the provided solutions
and computations.
4 Start with the topic you are most comfortable with. Then answer as many problems
as possible.
5 Adjust your solutions to the answer sheet provided.
6 Submit the output through email by replying on the email from which the quiz was
provided.
7 Wait for the confirmation before signing out of the Google Meet.
8 NO OUTPUT will be considered after 12:00 PM.
GOOD LUCK
SET A
PROBLEM 1 CUSTOMER LOYALTY PROGRAM JOURNAL ENTRIES
SETA Nimitz Company operates a customer loyalty program. The DATE ACCOUNT TITLE & EXP
entity grants loyalty points for goods purchased. The loyalty 2020
points can be used by the customers in exchange for goods of (1)
the entity. The points have no expiry date.
During 2020, the entity issued 80,000 award credits and
expects that 80% of these award credits shall be redeemed. The
stand-alone selling price of the award credits is reliably
measured at P1,800,000. Dec 31
In 2020, the entity sold goods to customers for a total
consideration of P9,000,000 based on stand-alone selling price.
The award credits redeemed and the total award credits
expected to be redeemed each year are as follows:
Redeemed expected 2021
2020 16,000 80% Dec 31
2021 10,400 75%
2022 14,880 86%
2023 13,920 92%
REQUIRED (RQ): 2022
1 Provide the allocation table (2 points) and Dec 31
cumulative-basis of computation (8 points)
Prepare journal entries from 2020 to 2023 (10 points)
2
2023
 JOURNAL ENTRIES COMPUTATIONS
ACCOUNT TITLE & EXPLANATION DEBIT CREDIT

To record sales
2020
Total Awards Credits (points)
Multiply by % Redeemable
To recognize revenue from points

Redemption Percentage

To recognize revenue from points

NS

2021 2022 2023

#REF!
 #REF!
#REF!
PROBLEM 2 LIABILITY for PREMIUMS JOURNAL ENTRIES
SETA Carcass Company manufactures a special laundry soap. DATE ACCOUNT TITLE & EXP
A towel is offered as a premium to customers who send in three
proof-of-purchase seals from the soap boxes and a remittance
of P25. Distribution cost is P10 per towel. Data for the premium
offer are
2020 2021
Sales of soap boxes (P100 per soap box) 2,500,000 3,125,000
Cost of towel purchased (P90 per towel) 180,000 215,100
# of towels distributed as premium 1,020 1,875
# of seals expected to be
redeemed in subsequent period 930 480

REQUIRED (RQ):
1 Prepare journal entries for 2020 and 2021 (24 points)
2 Necessary computations for each transaction (12 points)
3 Satement Classification of the account balances pertaining
to the premium plan for 2020 and 2021 (6 points)

Financial Statement Classification 2020 2021

Current Asset

Current Liability

Distribution Cost
 JOURNAL ENTRIES COMPUTATIONS
ACCOUNT TITLE & EXPLANATION DEBIT CREDIT
NS
PROBLEM 3 WARRANTY LIABILITY JOURNAL ENTRIES
SETA In 2020, Dreams Company began selling a new condenser DATE ACCOUNT TITLE & EXP
that carried a 2-year warranty against defects. 2020
Dreams projected the estimated warranty cost 1 (1)
(as a percent of sales) as follows:
1st Year of Warranty 5%
nd
2 Year of Warranty 8%
(2)
Sales and actual warranty repairs were: 2020 2021
Sales 5,000,000 7,000,000
Actual Warranty Repairs 385,000 501,000
The sales and repairs are made evenly during the year. (3)

REQUIRED (RQ):
1 Using the accrual approach, prepare journal entries 2021
from 2020 to 2021 including the adjustment after the (1)
analysis in RQ3. (14 points)
2 Determine the estimated warranty liability before
adjustment on December 31, 2021. (5 points)
3 Analyze the estimated warranty liability account to (2)
prove the reasonable accuracy of the balance
on December 31, 2021. (15 points)

(3)

Dec 31
5
 JOURNAL ENTRIES COMPUTATIONS
ACCOUNT TITLE & EXPLANATION DEBIT CREDIT

Sales
Estimated % for Warranty
Warranty Expense - 2020

Sales
Estimated % for Warranty
Warranty Expense - 2021

Estimated Warranty Liability - Dec 31, 2021

3 Warranty Expense Related to 2020 Sales

Warranty Expense Related to 2021 Sales

Estimated Warranty Liability -12/31/20
Estimated Warranty Liability per book
Increase/(Decrease) in Warranty Liability
OMPUTATIONS

y Liability - Dec 31, 2021

elated to 2020 Sales

elated to 2021 Sales

 Liability -12/31/20
Liability per book
e) in Warranty Liability 0
PROBLEM 4A BONUS JOURNAL ENTRIES
SETA Clutch Company has an agreement to pay its supervisor DATE ACCOUNT TITLE & EX
a bonus of 6% of the entity’s earnings for 2020. The income
for 2020 before bonus and tax is P1,540,000.
The income tax rate is 30%.

REQUIRED (RQ):
1 1. Determine the bonus and tax under each of the
following independent assumptions (14 points):
a.    percent of income before bonus and before tax.
b.    percent of income after bonus but before tax.
c.     percent of income after tax but after bonus.
d.    percent of income after tax but before bonus.
2a Journal Entry to record the accrual of bonus on
December 31, 2020 using “c” (3 points)
2b Journal Entry to record the accrual of tax on
December 31, 2020 using “b” (3 points)

PROBLEM 4B GIFT CERTIFICATES JOURNAL ENTRIES

Trimart Company issues gift certificates in denominations DATE ACCOUNT TITLE & EX
of P50, P100 P500 and P1,000. These certificates are redeemed in 2020
merchandise having an average gross profit of 30% of selling price 1
During the current year, the entity sold P600,000 worth of gift
certificates and redeemed certificates having a sales value of P435,000.
It is estimated that 8% of the certificates issued will not be
redeemed. The entity uses the periodic inventory system. 2
REQUIRED (RQ):
1 Prepare journal entries in connection with the gift certificates
during the current year. (6 points)
2 If the Gift Certificate Payable at the beginning of the year is 3
P60,000, determine the balance at the end of the year. (4 points)

PROBLEM 4C VALUE ADDED TAXES JOURNAL ENTRIES

Lemonheads Company VAT-related transactions for the month DATE ACCOUNT TITLE & EX
of August 2018 as follows:
a Purchase goods on account P121,632 inclusive of VAT.
b Cash Sales for the period P162,500 exclusive of VAT.
c Cash refund to customers P10,808.
d VAT Payable for the month.
REQUIRED (RQ):
1 Prepare journal entries. (12 points)
PROBLEM 4D SUBSCRIPTION REVENUE JOURNAL ENTRIES
Floyd Company sells 1-YR and 2-YR subscriptions for its video DATE ACCOUNT TITLE & EX
of-the-month business. Subscriptions are collected in advance
and credited to sales.
An analysis of the recorded sales activity revealed the following:
2020 2021
SALES 328,000 412,500
Less: CANCELLATIONS 18,000 22,500
NET SALES
SUBSCRIPTION EXPIRATIONS
2020 79,500
2021 108,000 87,500
2022 122,500 145,000
2023 157,500
REQUIRED (RQ):
1 Prepare adjusting entries every year-end to recognized correct
revenue and unearned revenue. (12 points)

PROBLEM 4E SERVICE CONTRACTS

Trimart sells service equipment contracts. The sale price of DATE ACCOUNT TITLE & EX
each contract is P650. The entity sold 800 contracts during the 2020
year. P470,000 of service contract revenue were recognized (1)
during the years. Service contracts costs paid during the year is
P265,000. The entity credits unearned service contract revenue
upon receipt of cash and service contract costs are charged to
service contract expense.
REQUIRED (RQ): (2)
1 Prepare journal entries in connection with the SERVICE CONTRACT
during the current year. (6 points)
 2 If the UNEARNED SERVICE CONTRACT REVENUE at the beginning
of the year is P60,000, determine the balance at the end of the (3)
year. (4 points)

PROBLEM 4F PAYROLL TAXES JOURNAL ENTRIES

Lemonheads Company reported payroll for the month of August DATE ACCOUNT TITLE & EX
2018 as follows:
Total Wages 690,000
Income Tax Witheld 32,000
All wages were subject to SSS (7%), Philhealth (2%) and Pag-Ibig
(1%). All payroll tax rates are applicable for both employee and
employer. Lemonheads remits the payroll taxes on the 15th of
the following month.
REQUIRED (RQ):
1 Prepare journal entries in connection with the payroll. (9 points)

PROBLEM 4G SERVICE CONTRACTS DATE ACCOUNT TITLE & EX

Joe Company sells appliance service contracts agreeing to 2020
repair appliances for a two-year period. (1)
The past experience is that, of the total amount spent for
reairs on service contracts, 40% is incurred evenly during the
first contract year and 60% is incurred evenly in the second
contract year. (2)
Receipt from contract sales are P500,000 for 2020 and P600,000
for 2021.
Receipts from contracts are credited to unearned service
revenue. All sales are made evenly during the year. 2021
(1)
REQUIRED (RQ):
1 Prepare a table showing the allocation of the receipt from
contracts to Contract Sales from 2020-2023. (5 points)
2 Prepare journal entries in connection with service contract (1)
from 2020-2023. (12 points)

2022
(1)

2023
(2)
 JOURNAL ENTRIES COMPUTATIONS
ACCOUNT TITLE & EXPLANATION DEBIT CREDIT
Income before bonus and tax
Less: Bonus
Income before Tax
Less: Income Tax Expense
NET INCOME

Show computations for each case.

JOURNAL ENTRIES COMPUTATIONS

ACCOUNT TITLE & EXPLANATION DEBIT CREDIT

JOURNAL ENTRIES COMPUTATIONS

ACCOUNT TITLE & EXPLANATION DEBIT CREDIT
 JOURNAL ENTRIES COMPUTATIONS
ACCOUNT TITLE & EXPLANATION DEBIT CREDIT

COMPUTATIONS
ACCOUNT TITLE & EXPLANATION DEBIT CREDIT
LIABILITY METHOD
 JOURNAL ENTRIES COMPUTATIONS
ACCOUNT TITLE & EXPLANATION DEBIT CREDIT

COMPUTATIONS
ACCOUNT TITLE & EXPLANATION DEBIT CREDIT
LIABILITY METHOD
OMPUTATIONS
a b c d

or each case.

OMPUTATIONS

OMPUTATIONS
OMPUTATIONS

OMPUTATIONS
OMPUTATIONS

OMPUTATIONS
PROBLEM 5A PROVISIONS JOURNAL ENTRIE
SETA Silangan Company has several liabilities on December 31,2020. DATE ACCOUNT TITLE & E
The auditor obtained the following brief description of each liability.
1 In May 2020, Silangan Company became involved in litigation.
In December 2020, the court assessed a judgment for P1,200,000
and punitive damages of P800,000 against Silangan Company.
The entity is appealing the amount of the punitive damages.
Counsel is unable to estimate the outcome of the appeal.
The appeal is expected to take at least a year.

2 Silangan Company has been sued for copyright infringement

and lost the case. A preliminary judgment of P100,000 was
issued and is under appeal. The entity’s attorneys agree it has
a remote chance that the entity will not lose the appeal.

3 In July 2020, Quezon City brought action against Silangan

Company for polluting the Talayan River with its waste
products. The entity’s lawyers believe there is a 30% chance
that the court will dismiss the case and the entity will incur no
outflow of economic benefits.
However, if the court rules in favor of Quezon City, the lawyers
believe that there is a 20% chance that the entity will be
required to pay damages of P200,000 and 80% chance that it will
be required to pay P100,000. The court is expected to rule in
late December, 2021.
A 7% risk adjustment factor to the probability-weighted expected
cash flows is considered appropriate to reflect the uncertainties
in the cash flow estimates. An appropriate discount rate is 5%
per year. The present value of 1 ay 5% for one period is 0.95

4 Silangan Company has long owned a manufacturing site that has

now been discovered to be contaminated with toxic waste.
The entity has acknowledged its responsibility for the contamination.
An initial clean-up feasibility study has shown that it will will fall in
the range of P600,000 to P800,000 with each amount equally likely to occur.

5 Silangan Company has signed as guarantor for a P1,000,000 loan by

First Bank to Hilaga Company, a principal supplier to Silangan Company.
At this time, it is probable that Silangan Company will have to make
payment on behalf of Hilaga Company with only an 80% anticipated
recovery.
REQUIRED (RQ):
1 Prepare journal entries to recognize any provision in December 31, 2020
or an appropriate accounting treatment if not considered as provision
(20 points)
PROBLEM 5B CONTINGENT LIABILITY & CONTINGENT ASSET JOURNAL ENTRIE
The following data are provided by Norway Company. The end of the DATE ACCOUNT TITLE & E
reporting period is December 31, 2019 and the financial statements are authorized
for issue on March 15, 2020.
1 Norway Company had reported a P4,000,000 contingent liability on
December 31, 2019 The
was the defendant. related
casetowas
a court case inuntil
not heard which Norway2020.
February, Company

On February
Norway 15, 2020,
Company. The the judge
judge handed down
determined a decision
that Norway against
Company

was liable to pay damages and costs totaling P3,000,000.

2 Norway Company is a plaintiff in a P4,000,000 lawsuit filed against

Denmark Company due to lost profit from rejected contracts and for
unpaid receivables. The case is in final appeal and legal counsel advised
that it is probable that Norway will prevail and be awarded P3,500,000.

3 During 2019, Norway Company became involved in a tax dispute

with the BIR. On December 15, 2019, the tax advisor believed that an
unfavorable outcome was probable and a reasonable estimate of
additional taxes was P400,000 which was accrued by the Norway.
On May 15, 2020, the entity received and accepted a BIR settlement
offer of P450,000.

4 No customer accounts have been shown to be uncollectible as yet

but Norway estimated that 4% of credit sales will eventually prove
uncollectible. Credit sales amounted to P20,000,000 for 2019.

5 Norway Company offers a one-year warranty against manufacturer’s

defects for all its products. Industry experience indicates that warranty
costs will approximate 5% of credit sales. Actual warranty expenditures
totaled P450,000 in 2019 and were recorded as warranty expense
when incurred.

REQUIRED (RQ):
1 Prepare journal entries to recognize any provision in December 31, 2020
or an appropriate accounting treatment if not considered as provision
(20 points)

PROBLEM 5C RESTRUCTURING PROVISION JOURNAL ENTRIE

Altimus Company is involved in a restructuring related to its Cebu DATE ACCOUNT TITLE & E
branch. The controller and chief finance officer are considering the
following costs to accrue as part of the restructuring.
The entity has a long-term lease on the factory located in Cebu.
It is estimated that it will have to pay a penalty of P2,500,000 to break the lease.
The entity estimates that the present value related to payment on the lease
contract is P3,000,000.
The entity’s allocation of overhead cost to other branches will
increase by P4,000,000 due to the restructuring. The entity has hired an
outplacement firm to help in dealing with the number of termination
related to the restructuring. It is estimated that the cost to the
entity will be P600,000.
100 Employees working in Cebu branch would be retrenched on
November 30, 2020, and would be paid their accumulated entitlements
plus three months’ wages. Three executives would be retrenched on
December 31, 2020 and would be paid their entitlements plus
three months’ wages.
The remaining 25 employees working in Cebu branch would be
transferred to Davao which would continue operating. Cost of P300,000
were expected to be incurred in transferring the 25 employees.
Cost of retraining the employees is estimated at P250,000.
The 100 retrenched employees have left and their accumulated
entitlements have been paid. However an amount of P750,000 representing
a portion of the three months wages has still not been paid.
Two of the three executives who have been retrenched have had
their accumulated entitlements paid, including the three months wages.
However, one remains in order to complete the administrative tasks
relating to the closure of the Cebu Branch and transfer of staff to Davao.
He is expected to stay until January 31, 2020. His salary for January will be
P80,000 and his retrenchment package will be P350,000 all of which will be
paid on the day he leaves.
He estimates that he would spend 70% of his time administering
the closure of Cebu Branch, 20% on administering the transfer of staff
to Davao, and the remaining 10% on general administration. The entity
also believes that moving usable assets from the Cebu branch within the
entity will cost P750,000.

REQUIRED (RQ):
1 Provide the components included in the restructuring costs. (5 points)
2 Journal Entry to record restructuring provisions. (3 points)
 JOURNAL ENTRIES COMPUTATIONS & DISCLOSURES
ACCOUNT TITLE & EXPLANATION DEBIT CREDIT
 JOURNAL ENTRIES COMPUTATIONS & DISCLOSURES
ACCOUNT TITLE & EXPLANATION DEBIT CREDIT

JOURNAL ENTRIES COMPUTATIONS & DISCLOSURES

ACCOUNT TITLE & EXPLANATION DEBIT CREDIT
CLOSURES
CLOSURES

CLOSURES
PROBLEM 6 DECOMMISSIONING LIABILITY JOURNAL ENTRIES
SETA On January 1, 2019, Creampie Company purchased a gas DATE ACCOUNT TITLE & EXP
detoxification facility for P8,000,000. The cost of cleaning up the 2019
routine contamination caused by the initial location of gas on
the property is estimated to be P1,800,000.
This cost will be incurred in six years when all the existing
stockpile of gas is detoxified and the facility is decommissioned.

On December 31, 2022, additional contamination clean-up

cost is estimated at P400,000.

The appropriate discount rate is 6%. Round present value

factors to two decimal places.

On January 1, 2025, the entity paid a contractor an amount of

P1,950,000 for the decommissioning of the detoxification facility.

2022

REQUIRED (RQ):
1 Prepare journal entries in 2019, 2022,
2024 and 2025. (22 points)
2 Provide the amortization schedule of the
decommissioning liability. (6 points)

2024

2025
 JOURNAL ENTRIES COMPUTATIONS
ACCOUNT TITLE & EXPLANATION DEBIT CREDIT
NS
PROBLEM 7 BONDS PAYABLE - STRAIGHT LINE METHOD JOURNAL ENTRIES
SETA On January 1, 2020, Black Dwarf Company was authorized to DATE ACCOUNT TITLE & EXP
issue 5-year, 12% bonds with face amount of P10,000,000, interest 2 2020
is payable semi-annually every June 30 and December 31, 1-Jan
consisting of 10,000 units of P1,000 face amount.
On the same date, it issued 5,000 bonds at 103.
On October 31, 2020, it issued 2,000 bonds at 98.
On July 1, 2021, the entity reacquired 2,000 bonds at 101 1-Jan
from those issued on January 1, 2020. 1,500 of these bonds were
reissued on December 31, 2021 at 99.
On September 1, 2021 issued 1,000 bonds at face amount.
On April 1, 2022, the entity reacquired 1,000 bonds
from those issued on October 31, 2020 at 101. 500 of these bonds 30-Jun
were reissued at 102 on December 1, 2022.

REQUIRED (RQ):
1 Prepare journal entries during the year of 2020 - 2022 . 31-Oct
Straight line method of amortization must be used. (44 points)
2 Necessary computations (21 points)
3 Present the bonds payable on December 31, 2020 - 2022
(15 points)

31-Dec

Presentation of BONDS PAYABLE - December 31, 2020

31-Dec

31-Dec

On January 1, 2020, Black Dwarf Company was authorized to 2021

issue 5-year, 12% bonds with face amount of P10,000,000, interest 30-Jun
is payable semi-annually every June 30 and December 31,
consisting of 10,000 units of P1,000 face amount.
On the same date, it issued 5,000 bonds at 103.
On October 31, 2020, it issued 2,000 bonds at 98. 1-Jul
On July 1, 2021, the entity reacquired 2,000 bonds at 101
from those issued on January 1, 2020. 1,500 of these bonds were
reissued on December 31, 2021 at 99.
On September 1, 2021 issued 1,000 bonds at face amount.
On April 1, 2022, the entity reacquired 1,000 bonds 1-Jul
from those issued on October 31, 2020 at 101. 500 of these bonds
were reissued at 102 on December 1, 2022.

Presentation of BONDS PAYABLE - December 31, 2021

Sep 1

31-Dec

31-Dec

31-Dec

On January 1, 2020, Black Dwarf Company was authorized to 31-Dec

issue 5-year, 12% bonds with face amount of P10,000,000, interest
is payable semi-annually every June 30 and December 31,
consisting of 10,000 units of P1,000 face amount.
On the same date, it issued 5,000 bonds at 103.
On October 31, 2020, it issued 2,000 bonds at 98. 2022
On July 1, 2021, the entity reacquired 2,000 bonds at 101 1-Apr
from those issued on January 1, 2020. 1,500 of these bonds were
reissued on December 31, 2021 at 99.
On September 1, 2021 issued 1,000 bonds at face amount.
On April 1, 2022, the entity reacquired 1,000 bonds 1-Apr
from those issued on October 31, 2020 at 101. 500 of these bonds
were reissued at 102 on December 1, 2022.

Presentation of BONDS PAYABLE - December 31, 2022

30-Jun

1-Dec
31-Dec

31-Dec

31-Dec
 JOURNAL ENTRIES COMPUTATIONS
ACCOUNT TITLE & EXPLANATION DEBIT CREDIT Face Amount per bonds
BLACK DWARF COMPANY Number of Bonds
Face Amount

To record issuance of 5,000 bonds @ 103

To record payment of interest

To record issuance of bonds @ 98

To record payment of interest

To record amortization of premium

To record amortization of discount

To record payment of interest

To record amortization of discount

To record reacquisition of 2,000 bonds @ 101

To record issuance of 1,000 bonds @ face

To record payment of interest

To record amortization of premium

To record amortization of discount

To record issuance of 1,500 treasury bonds @ 99

To record amortization of discount

To record reacquisition of 1,000 bonds @ 101

To record payment of interest

To record issuance of 500 treasury bonds @ 102

To record payment of interest

To record amortization of premium

To record amortization of discount

TIONS
Nominal Rate
PROBLEM 8 BONDS PAYABLE - OUTSTANDING BALANCE METHOD JOURNAL ENTRIES
SETA Corsairs Company issued P5,000,000 10% bonds January 1, 2019 DATE ACCOUNT TITLE & EXP
at 95. Interest is paid annually on January 1. 2019
BOND MATURITY: January 1 1-Jan
2021 1,000,000
2022 1,000,000
2023 500,000
2024 500,000
2025 1,000,000 31-Dec
2026 1,000,000
5,000,000

On January 1, 2022, the entity retired P1,000,000 of bonds 2020

due on that date and in addition purchased at 99 and retired 1-Jan
bonds with face amount of P1,000,000 which were due on
January 1, 2025.

31-Dec

REQUIRED (RQ):
1 Prepare journal entries from 2019-2022 and 2025.
No Reversing entries. (18 points)
2 Necessary computations (8 points) 2021
3 Prepare an amortization schedule (original). (12 points) 1-Jan
4 Prepare a revised schedule of amortization beginning 2022.
(8 points)
5 Presentation of the Bonds Payable from 2019-2025.
(14 points)
31-Dec

2022
1-Jan

1-Jan
31-Dec
 JOURNAL ENTRIES COMPUTATIONS
ACCOUNT TITLE & EXPLANATION DEBIT CREDIT Face Amount
FAME COMPANY Issue Rate
Issue Price

To record issuance AMORTIZATION SCHEDULE - BOND OUTSTANDING METH

Year Bond Discount
Outstanding Amortization
2019
2020
To record accrual of interest and amortization 2021
2022
2023
2024
2025

Non-Current Liabilities
Bonds Payable
Less: Discount on Bonds Payable
Carrying Amount

Current Liabilities
Bonds Payable
Less: Discount on Bonds Payable
Carrying Amount

REVISED SCHEDULE - BOND OUTSTANDING METHOD

To record retirement of P1M bonds @ 99 Year ORIGINAL DISCOUNT
Jan, 2022 Amortization CANCELLED
 2022
2023
2024
To record accrual of interest and amortization 2025

Non-Current Liabilities
Bonds Payable
Less: Discount on Bonds Payable
Carrying Amount

Current Liabilities
Bonds Payable
Less: Discount on Bonds Payable
Carrying Amount
TIONS
Nominal Rate

Discount on BP

ULE - BOND OUTSTANDING METHOD

Interest Interest Discount Carrying Amount
Paid Expense

2019 2020 2021

2019 2020 2021

- BOND OUTSTANDING METHOD

Revised Interest Interest DISCOUNT ON BP Carrying Amount
Amortization Paid Expense
2022 2023 2024 2025

2022 2023 2024 2025