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    The document shows accounting records for interest expense and cash payments on bonds payable over 6 months. It records the monthly interest expense amounts, cash payments toward interest, and the running balances for bonds payable and cash. The interest expense increases the bonds payable balance each month while cash payments reduce both the interest payable and cash balances.

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    Hmmmmmm

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    The document shows accounting records for interest expense and cash payments on bonds payable over 6 months. It records the monthly interest expense amounts, cash payments toward interest, and the running balances for bonds payable and cash. The interest expense increases the bonds payable balance each month while cash payments reduce both the interest payable and cash balances.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    6 views3 pages

    HMMMMMM

    Uploaded by

    Bapell
    The document shows accounting records for interest expense and cash payments on bonds payable over 6 months. It records the monthly interest expense amounts, cash payments toward interest, and the running balances for bonds payable and cash. The interest expense increases the bonds payable balance each month while cash payments reduce both the interest payable and cash balances.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 3

    Jun-01 ₱ 5,567,426.

    86
    Jun-01 ₱ 600,000.00 ₱ 668,091.22 ₱ 68,091.22 ₱ 5,635,518.08
    Jun-01 ₱ 600,000.00 ₱ 676,262.17 ₱ 76,262.17 ₱ 5,711,780.25
    Jun-01 ₱ 600,000.00 ₱ 685,413.63 ₱ 85,413.63 ₱ 5,797,193.88
    Jun-01 ₱ 600,000.00 ₱ 695,663.27 ₱ 95,663.27 ₱ 5,892,857.14
    Jun-01 ₱ 600,000.00 ₱ 707,142.86 ₱ 107,142.86 ₱ 6,000,000.00

    Jun-01 ₱ 5,580,000.00
    Jun-01 ₱ 600,000.00 ₱ 669,600.00 ₱ 69,600.00 ₱ 5,649,600.00
    Jun-01 ₱ 600,000.00 ₱ 677,952.00 ₱ 77,952.00 ₱ 5,727,552.00
    Jun-01 ₱ 600,000.00 ₱ 687,306.24 ₱ 87,306.24 ₱ 5,814,858.24
    Jun-01 ₱ 600,000.00 ₱ 697,782.99 ₱ 97,782.99 ₱ 5,912,641.23
    Jun-01 ₱ 600,000.00 ₱ 709,516.95 ₱ 109,516.95 ₱ 6,022,158.18

    ₱ 5,000.00
    ₱ 1,000.00
    ₱ 5,000,000.00
    ₱ 6,000,000.00 ₱ 600,000.00 Jun-01 Cash
    ₱ 0.57 ₱ 3.60 Discount on bonds payable
    ₱ 3,404,561.13 ₱ 2,162,865.72 ₱ 5,567,426.86
    ₱ 432,573.14
    Dec-31 Interest Expense

    ₱ 6,000,000.00 ₱ 600,000.00 Interest Expense


    ₱ 0.57 ₱ 3.60
    ₱ 3,420,000.00 ₱ 2,160,000.00 ₱ 5,580,000.00
    ₱ 420,000.00 Jan-01 Interest payable

    Jun-01 Interest Expense

    Interest Expense

    Dec-31 Interest Expense

    Interest Expense

    Jan-01 Cash

    Dec-31 Interest Expense

    Dec-31 Interest Expense


    Cash ₱ 5,567,426.86
    Discount on bonds payable ₱ 432,573.14
    Bonds payable ₱ 6,000,000.00

    Interest Expense ₱ 300,000.00


    Interest Payable ₱ 300,000.00

    Interest Expense ₱ 39,719.88


    Discount on bonds payable ₱ 39,719.88

    Interest payable ₱ 300,000.00


    Interest expense ₱ 300,000.00

    Interest Expense ₱ 600,000.00


    Cash ₱ 600,000.00

    Interest Expense ₱ 28,371.34


    Discount on bonds payable ₱ 28,371.34

    Interest Expense ₱ 300,000.00


    Interest Payable ₱ 300,000.00

    Interest Expense ₱ 44,486.27


    Discount on bonds payable ₱ 44,486.27

    Cash ₱ 5,000,000.00
    Bonds Payable ₱ 5,000,000.00

    Interest Expense ₱ 500,000.00


    Cash ₱ 500,000.00

    Interest Expense ₱ 50,000.00


    Cash ₱ 50,000.00

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