entire course acc 226 494611

ACC 226 APPENDIX E WEEK 5.xls? Given P14-07a P14-07a Given P14-06a P14-06a Given P14-03a P14-03a Given P14-02a P14-02a Student Name: Class: Bonds issued, face value Annual interest Maturity in years Issuance price Issue price for Part 6 General Journal Part 1. Trans. Date Account Titles no. Debit Credit Jan 1 Cash Discount on Bonds Payable Bonds Payable Part 2. Cash payment Straight-line discount amortization Bond interest expense Part 3. Par value at maturity Total repaid Less amount borrowed Total bond interest expense or: Plus discount Part 4. Bond Carrying Discount Value Part 5. Jun 30 Bond Interest Expense Discount on Bonds Payable Cash Dec 31 Less premium Premium Premium on Bonds Payable Semiannual Interest Period Bonds issued, par value Market interest rate Semiannual Interest Unamortized Period Paid Expense Amortization Part 3 June 30 Dec. 31 Part 4 Premium on Bonds Payable Gain on Retirement of Bonds HEATHROW Check figures: (3) (4) 12/31/2005 carrying value Given Data P14-02A: Part 6-1. Part 6-2. Straight-line premium amortization Part 6-3. Thirty payments of $60,000 Part 6-4. Part 6-5. Problem 14-02A SATURN Given Data P14-03A: Check figure: (2) Carrying value Ten payments of $16,250 Period-End 2004 Problem 14-03A PATTON (2) (3) Carrying value Given Data P14-06A: Eight payments of $16,250 Problem 14-06A Given Data P14-07A: McFAD (5) Gain Eight payments of $4,950 Part 5 Part 6: Assume that the market rate on January 1, 2004, is 12% instead of 10%. Without presenting numbers, describe how this change affects amounts reported on McFad’s financial statements. Problem 14-07A ACC226 $90,000.00 0.11 3.00 $92,283.00 0.10 $91,224.00 2635.00 2004.00 27417.00 «- Correct! «- Try again! 27417.00 «- Correct! «- Try again! ?1?/?1?/?2004 92283.00 «- Correct! «- Try again! ?6?/?30?/?2004 91947.15 «- Correct! «- Try…