Required: 1. Prepare an amortization schedule for the Jagd showing only 2020 and 2021. (Enter all the amounts as positive va not round intermediate alculation Round yo answers to the nearest whole dollar amou Period Ending Jan: 1/20 June 30/20 Dec. 31/20 June 30/21 Dec. 31/21 Cash Interest Period interest Received Income $ View transaction list 15,113 S 15,113 15,113 15,113 14,544 $ 14,524 14,503 14,481 Journal entry worksheet Note: Enter debits before credits. Date Jan 01, 2020 Premium Amort. 5 2. Prepare the entries to record the transactions described above: (Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.) 569 589 610 632 6 General Journar Unamortized Premium $ 8 Record the purchase of a 5-year, 7.5%, $403,000 bond to be held as a investment. 6,686 $ 6,117 5,528 4,918 4,286 9 Carrying Value Debit 409,686 409,117 408,528 407.918 407,286 Credit ● ● 3. Show how the investments would be reported on Monkey's December 31, 2020, balance sheet. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.)
Required: 1. Prepare an amortization schedule for the Jagd showing only 2020 and 2021. (Enter all the amounts as positive va not round intermediate alculation Round yo answers to the nearest whole dollar amou Period Ending Jan: 1/20 June 30/20 Dec. 31/20 June 30/21 Dec. 31/21 Cash Interest Period interest Received Income $ View transaction list 15,113 S 15,113 15,113 15,113 14,544 $ 14,524 14,503 14,481 Journal entry worksheet Note: Enter debits before credits. Date Jan 01, 2020 Premium Amort. 5 2. Prepare the entries to record the transactions described above: (Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.) 569 589 610 632 6 General Journar Unamortized Premium $ 8 Record the purchase of a 5-year, 7.5%, $403,000 bond to be held as a investment. 6,686 $ 6,117 5,528 4,918 4,286 9 Carrying Value Debit 409,686 409,117 408,528 407.918 407,286 Credit ● ● 3. Show how the investments would be reported on Monkey's December 31, 2020, balance sheet. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.)
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter14: Financing Liabilities: Bonds And Long-term Notes Payable
Section: Chapter Questions
Problem 3C
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