Exercise 09.15 – White Water
Financial Accounting
Spiceland, Thomas, and Herrman
05th Edition
Given the issuance of a bond… create an amortization schedule along with recording the bond issuance and interest payments.
Given the issuance of a bond… create an amortization schedule along with recording the bond issuance and interest payments.
Given the amount a bond was issued for, the years on the bond, the percent of the bond along with market percent and face value… create an amortization table along with recording the issuance and interest payments.
Given information on a bond including price, percent, and years… create an amortization table along with recording the retirement on the bonds.
Calculate the issue price.
Calculate the debt to equity ratio, calculate the times interest earned ratio.
Compare installment notes and loans. Determine whether Paradise Partners should purchase the equipment with an installment note or lease it, based on the financial implications and the equipment’s value at the end of the 24-month period. Compare the effects on the company’s reported debt and make a decision.
Given details about the issuing of a bond… determine whether the bonds are issued at par, premium, or discount given different market rates.
Given details on the issuance of a bond… calculate the issue price along with determining whether it is issued at a discount, par, or premium.
(7 Part) Given the account balances and transactions… record each transaction, record adjusting entries, prepare a trial balance, prepare an income statement, prepare a balance sheet, record closing entries, and analyze financial ratios.
Given information regarding the purchase of an office… record the purchase of the building, complete the first three rows of the amortization schedule, record the first monthly mortgage and interest, and lastly determine the amount of interest that is in the actual payment of the loan.