NAMA : SRI WAHYUNI NGABALIN

NIM : 202130520
MATA KULIAH : AKM II - TUGAS 2

E14-1

A.) Counter liability and expense accounts

B.) Long-term liabilities
C.) Long-term and current liabilities
D.) Current liabilities
E.) Long-term obligation
F.) Current assets
G.) Current liabilities
H.) Current liabilities

E14-4

A 1/1/2020 Cash ( 600.000 x 102% = 612.000 )

bonds payable
premium on bonds payable

B 7/1/2020 Interest expense

premium on bonds payable (12.000 40 = 300 )
Cash ( 600.000 x 10% x 6/12 = 30.000 )

C 12/31/2020 Interest expense

premium on bonds payable
Interest payable

E14-5

A 1/1/2020 Cash ( 600.000 x 102% = 612.000 )

bonds payable
premium on bonds payable

B 7/1/2020 Interest expense

( 612.000 x 9.7705% x 1/2 =29.898 )
premium on bonds payable
Cash ( 600.000 x 10% x 6/12 = 30.000 )

C 12/31/2020 Interest expense

( 612.000 x 9.7705% x 1/2 =29.898 )
premium on bonds payable
 Interest payable

E14-10

A 1/1/2020 Cash ( 600.000 x 102% = 612.000 )

premium on bonds payable
bonds payable

B Schedule of interest expense and bond premium amortization

Effective-interest method
12% bonds sold to yields 10%
Interest Premium
Date Cash paid
expense amortized
1/1/2020
12/31/2020 60,000.00 53,790.74 6,209.26
12/31/2021 60,000.00 53,169.81 6,830.19
12/31/2022 60,000.00 52,486.79 7,513.21

Calculation of cash paid

cash paid = maturityvalue X bondrate
.= 500 .000 X 12%
.= 60,000.00

C 12/31/2020 Interest expense

premium on bonds payable
Cash

D 12/31/2022 Interest expense

premium on bonds payable
Cash
612.000
600.000
12.000

29.700
300
30.000

29.700
300
30.000

612.000
600.000
12.000

29,898
102
30.000

29,898
102
 30.000

537,907.37
37,907.37
500.000

um amortization

carying amounts
of bonds
537,907.37
531,698.11
524,867.92
517,354.71

53,790.74
6,209.26
60,000.00

52,486.79
7,513.21
60,000.00